Debt collectors want to take out a restriction on my property, help!

deeteedubya

The people who are helping me deal with my debt say that if I don't it voluntarily then the other debt collectors will find out and they will do the same.
Am I right in thinking that I could be repossessed and made homeless if they all gang up on me?

I have been to the CAB and they couldn't help, as it was a legal matter.
They also say that if I don't do it voluntarily, they will add vast amounts of interest and charges. But according to the CAB info if it is under £5000 and goes to the county court then statutory interest can't be applied.

This all sounds a bit underhanded, as they have only given me 14 days to decide (from 28th feb).

I can't afford a solicitor as I am unemployed.

Has anybody got any advice on what to do?

dmg24

Hi deeteedubya,

Welcome to MSE.

If you copy your text and repost on the Debt Free Wanabee board, I am sure someone will be able to help you with this.

Best of luck x

TAG

I can't help with your question - but you need to post this on the Debt Free Wannabe board. You'll get more help there.

deeteedubya

Thanks, I'll post in there.

Nobody reply here, as I won't see it.