Mouldy1
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Eviction in 2 weeks, GE Money TIME ORDER APPLICATION
Mouldy1 replied to Mouldy1's topic in Home Repossessions - successes
thanks for that Ell-enn Il see if I can get the boss to let me have 30 mins t phone them! I cannot realistically make any applications before tomorrow anyway so any further advice later would be appreciated if you are not to drained after work. thannks Mouldy -
Eviction in 2 weeks, GE Money TIME ORDER APPLICATION
Mouldy1 replied to Mouldy1's topic in Home Repossessions - successes
Ell enn thank you for such a quick response! I can offer to make the payments inline with the end of the term however, with me having ignored the loan for some time, my concern is that i dont think they will believe my affordability has suddenly recovered! I researched all the law in this regard however, c&g v Norgan and admin of justice Act etc and it appears pretty strong, if only my term was longer!! Is there any legal background law on a time order that I need to quote about the Judges ability to make such an order? Or am I to simply trust that the Judge will understand it all? ie is a Time Order UNDER the Consumer Credit Act? does it have a specific section or is a Time Order something different entirely? And is it not too late to file one?? Filing one on my current knowledge base feels like I am leaving it very much to chance which is not how I would prefer to move forward! Also how do I explore the issue on getting time to sell? Is that potentially a stronger argument, i have an estate agent confirming the value and that I have £20,000 in equity, but Iv read quite conflicting results that the property "must be on the market" to "you MUST have exchanged contracts" Please forgive all the questions, I just cant afford to pay out for this information and am trying to make sure i dont get torn to pieces by handling it myself! Thanks Mouldy -
Hi All Apologies if this is a common thread but Iv been reading for hours and coming up short and getting more and more confused as time goes on. I have had some advice which was very honest but has left me even more confused because i have two options so I figured I have nothing to lose by asking! Naturally I would prefer comments where PEOPLE KNOW what they are talking about as I have had enough guesses!! My situation is that I have a loan with GE Money which is a second charge secured loan which was originally £13,000 and is still £11,405 with about £7,000 arrears and only 1 year remaining. I understand the loan to be covered under the Consumer Credit Act and I have been told that this gives me the option of applying for a time order, however I dont really know what this means and certainly dont know how to apply for one other than filling out an N440 application. The reason I was directed towards a time order is that it apparently gives the Judge the power to grant more time to my loan as I only have about a year left and to clear the arrears over that period id very high. My eviction however is in 2 weeks. Is it too late to apply for a time order, will it be considered or just rejected and the eviction enforced? It was suggested that i apply an N244 application to get a suspended order to either agree to the ridiculous overpayment, or ask for time to sell, and then apply for the time order once the eviction is out the way. I just dont know the validity of either approach or the liklehood of getting them through, time is running out, and I have to do something!! Any well founded advice is very welcome!
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