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Hestia10

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About Hestia10

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  1. Wow I didn't know that! That would be fantastic! Thank you so much - will read on!
  2. Hi, Thanks for the reply. Yes, I appreciate that they can foreclose and we have been dropping the price. We understand that ultimately something is better than nothing/a debt if they sell for less than the mortgage but it still hurts to hemorrhage the only bit of money we have and you always have to negotiate a sale anyway. Does anyone have any experience of what they do in practice? Might they extend the term or allow a period longer to sell on the market? Even if we dropped to €250000 and invited bids it would take longer than we currently have!
  3. Hi, Does anyone know what Nationwide is likely to do in our situation please? Wife is 16 years older than me so we had a 10 year self cert mortgage taking her to age 65 originally through Derbyshire/Salt and now taken over with Nationwide. About 12 months ago we rang Nationwide after receiving a standard letter re repaying the loan at the end of the mortgage term. The friendly but extremely unhelpful call center guide was only interested in referring us to an independent mortgage advisor when asking about options and whether we could extend the term as they couldn't give advice and there were NO options on Nationwide doing some sort of deal or changing the mortgage. There wasn't much point in talking to a broker as my business went south in 2009 and we have wobbly credit, can't prove income to service the loan now although have no arrears or ever been in arrears. Instead we have been trying to sell the property - £255000 mortgage and 2 local estate agents started us at £395,000 now down to £340,000 and only 3 viewings in a year! I have been trying to understand 'Forebearance' but can't find any examples of any lenders being helpful to customers when they can't afford repayment. All we want to do is to continue actively trying to sell it while paying interest only rather than have it repossessed and forced sold. Does anyone know what is 'likely' to happen - particulalrly where Nationwide are involved? Any thoughts or advice would be really appreciated. Wife was just going to leave today she is getting so upset. We have until Feb for the mortgage term to end although haven't received any notices about the mortgage since last year. Thanks
  4. Hi Andy,What happened in the end? We have a problem looming soon and wonder if eventually you overcame it? Thanks
  5. Well truly I am not sure what to do, I understand that on the one hand there may possibly be some way of challenging the debt agency but having been 'done' is that it, 'Game Over' so to speak? Should I take my medicine or is there a chance to reduce the debt (obviously inflated by all their fees) or the payment? I have just finished my agency contract at the moment so have no job - does that make any difference? If I ask for a reduced payment does that get reviewed annually or fixed forever?
  6. Help Please, I have an MBNA debt which is about 5 years old since the last payment. They did make offers of settlement for approx. 40% over time but I ignored those. However recently, on moving, I was tracked down - I think because I paid my TV license. They sent a CCJ Notice for Northampton County Court for £14000 which I didn't appreciate was the real thing and 4 weeks later I received a CCJ with a payment schedule of £100 per month. The claiments were a company I have never heard of and have no idea who they are - am I done for? Is it too late or in my interests now to challenge. I tried to seek some CAG help earlier but think I didn't post it under the right section so haven't had a reply. Can anyone give me some advice as to what I can do please? I am terrified that having battled on for so long they will send Bailiffs around
  7. Just an update - very late - after I was served the papers for Bankruptcy and they were filed at court - guess what - no one attended so nothing happened!
  8. Hi, Thanks for responding, Yes I now understand it was the real thing from Nottingham County Court. I have until 7th April to begin payments and so far I haven't responded. Hoping to work out what to do!
  9. Hi, After losing my business I went abroad to look after elderly parents and escape the bullying DMA's having read and had help from CAG. I have now come back and moved back into a small flat I own and which I rented out to pay its mortgage - big mortgage, small amount of equity now. I think when the TV licensing authority reminded me to register it kicked off my presence back in the country because about 4 weeks ago I got a county court warning letter - which I thought was a phishing letter - for an MBNA card I had had - however I have now received the actual CCJ! Please can someone help advise me - The CCJ came with a payment plan of £100 per month. I have been temping and my contract has just finished so I genuinely will have no wages from next week until I get a new contract. Is there anything I can do to fight this, reduce the amount or get the payment reduced (if so is the reduction for ever or reviewable?) Also do they have the right to place a charge on my flat? In theory the equity is almost exactly the same as the debt and I do owe other credit if they ever catch up! I appreciate that these loans get sold by one DMA to the next but I am certain I have had no correspondence for years on this (post used to be collected by a friend). Any help, advice would be most appreciated.
  10. Hi, love to hear if you have any news.
  11. Hi Trojan, we've got problems with a corporate card and our friends at Amex - how did you get on?
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