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Debt Action Group > Mortgages and Secured Loans

Mortgages and Secured Loans Advice on dealing with secured debt


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Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund. You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.

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Old 23rd May 2008, 16:05   #1 (permalink)
alarmed
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Watch out, there are Claims Touts about!

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Join Date: May 2008
Posts: 8
alarmed Novitiate
Default My Last Hope

When I was around the age of 19 I married and bought a house, when the marriage broke down we handed the keys back to Bradford and Bingley.
11 years later they started chasing the outstanding debt, my ex-wife I think paid £7,000 but when I offered the same amount I was turned down.

It is now around 12 years later and because we could not agree on a settlement figure they have added interest for the last 21 years.
So an amount that started of at £22,000 has grown to £80,000 and is still growing (having read some other posts, can they still be charging me interest) , I have in the past before it went to court offered various amounts which were all turned down.
The court case was in Leeds around trip of 300 miles and i could not get time off work, I asked for it to be moved closer but it never was, and stupidly did nothing.


The case was decided against me.


They from time to time ( about every 6 months) they ask for me to go to the court in to prove my financial position, which I do then I here no more.

After the last court visit, they sent me a letter stating they wanted an order put on the house i now own, so that i could niether remortgage or sell without thier say so.


Can you tell me what my options ( apart from the find some rope and a stout tree, which believe me is getting closer all the time) are as my wife and myself are worried sick, and this is driving a vast wedge between us.


If I have to go bankrupt, will I lose the house I have now, putting my wife and 4 children on the street.
I have 50,000 equity and very little savings.





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Old 23rd May 2008, 16:12   #2 (permalink)
Mr lex
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Default Re: My Last Hope

Hi Alarmed,

Welcome to the Consumer Action Group

I think, given your circumstances, you should copy and paste this post into the 'Mortgage' forum here :-

http://www.consumeractiongroup.co.uk...secured-loans/

You will get a lot more help there, from people who have been there and done it.

There are a few links below to help you find your way about the site.

Lex
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Advice & opinions given by me are personal, are not endorsed by the Consumer Action Group or the Bank Action Group. Should you be in any doubt, you are advised to seek the opinion of a qualified professional.
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Old 23rd May 2008, 16:16   #3 (permalink)
alarmed
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Join Date: May 2008
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Default Re: My Last Hope

Thanks Lex , i have done that
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