Loan date expired

[juss3008]

Hi

 

I have a secured loan with GE money which is in arrears is £2225,

they are demanding full payment or eviction,

I have a letter stating that no monthly agreement will be accepted as the loan date has expired.

 

If this goes to court I will be submitting a N244 as soon as they give me an eviction date.

I have written several letters to GE I no longer talk on the phone as they are sooo rude.

 

I have a mortgage and a 1 other secured loan both with GE both have agreements on and are being paid.

We have equity in the house too.

 

Advise please

[Lea_HTH]

I know for a fact that GE Money can allow a further two years for payment after the end of the loan period - so ask for that, if you can afford to.

 

Point out that repossession is supposed to be a last resort under MCOB rules and that if a further two years will clear the debt, there is no real prejudice to them.

 

Unfortunately the court will grant a possession order as the term is over and their hands will be tied.

[juss3008]

hi

 

thanks can i get the possession order suspended tho?

[dx100uk]

you might also want to investigate PENALTY charges

[visit fees too arrears fees etc etc] all can be reclaimed

 

dx