Jump to content

You can now change your notification sounds by going to this link https://www.consumeractiongroup.co.uk/index.php?/&app=soundboard&module=soundboard&controller=managesounds

 

You can find a library of free notification sounds in several places on the Internet. Here's one which has a very large selection https://notificationsounds.com/notification-sounds

 

 

BankFodder BankFodder

 

BankFodder BankFodder


Kellylou32

GMAC (Paratus AMC) Mortgage Debt

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2553 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

I'm not sure if this is the correct place to post but I'm looking for some advice.

 

I had a mortgage 2001/2002 with GMAC - I defaulted and resulted in the property being repossessed.

 

My parents received a call today from Paratus about a mortgage debt (obviously they were looking for me but I haven't lived at home for 7+ years). I called them back and they advised I have an amount outstanding. They said they have been sending letters (I'm not sure where). Naturally at the time the mortgage was taken out I didn't have a particularly great credit history (classified as sub prime) but they still gave me a mortgage and charged a premium

 

This maybe a stupid question but can they still chase for a debt that has been outstanding for that long?? I (perhaps somewhat naively) believed the matter to be resolved when the property was repossessed.

 

Any help would be appreciated

Share this post


Link to post
Share on other sites

They can chase any shortfall for 12 years unfortunately. However, you are entitled to a breakdown of how the amount they claim you owe has been calculated. Do you know how much the property sold for and if so, was it enough to cover the mortgage?


Help us to keep on helping

Please consider making a donation, however small, if you have benefited from advice on the forums

 

 

This site is run solely on donations

 

My advice is based on my opinion and experience only. It is not to be taken as legal advice - if you are unsure you should seek professional help.

Share this post


Link to post
Share on other sites

I have no idea how much the property eventually went

 

Thank you for your help

Share this post


Link to post
Share on other sites

I have a template letter you can send to Paratus asking for the information you need - will post it in a mo....


Help us to keep on helping

Please consider making a donation, however small, if you have benefited from advice on the forums

 

 

This site is run solely on donations

 

My advice is based on my opinion and experience only. It is not to be taken as legal advice - if you are unsure you should seek professional help.

Share this post


Link to post
Share on other sites

Here you go.... letter affixed. You should enclose a postal order for £10 - make sure you write your name and address on the back and also write on the back in capital letters "FEE FOR SUBJECT ACCESS REQUEST ONLY - NOT TO BE USED AS PAYMENT" .

 

Take a photocopy of both sides of the PO then keep it with a copy of the letter. Also, the letter should be sent by recorded delivery, you can then check on the royalmail website a few days after posting to print off the signed for receipt - keep that safe with your copy letter as you may need to prove they received it.


Help us to keep on helping

Please consider making a donation, however small, if you have benefited from advice on the forums

 

 

This site is run solely on donations

 

My advice is based on my opinion and experience only. It is not to be taken as legal advice - if you are unsure you should seek professional help.

Share this post


Link to post
Share on other sites

Thank you very much for your help

Share this post


Link to post
Share on other sites

You're welcome, please let us know what response you get from Paratus.


Help us to keep on helping

Please consider making a donation, however small, if you have benefited from advice on the forums

 

 

This site is run solely on donations

 

My advice is based on my opinion and experience only. It is not to be taken as legal advice - if you are unsure you should seek professional help.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...