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    • They did reply to my defence stating it would fail and enclosed copies of NOA, DN Term letter and account statements. All copies of T&C's that could be reconstructions and the IP address on there resolves to the town where MBNA offices are, not my location
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advice on Swift Advance trying repossession


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Hi everyone I am new to this site.

 

I really am begging for any advice and help on a secured loan ,

 

 

ten years ago we took out a £37k secured loan with swift advance

we have been paying 600 a month and over the ten years have been in 12 months arrears which are 6000.

 

The problem is the loan is at its end of term next feb

and there is still an amount outstanding of 26k in total

 

 

up to now we have payed 78k

in feb there want us yo pay the outstanding balance of 26k all at once

which is just in possible or they are going to repossess our home.

 

We have not missed a payment in four years and we both work and

I have even said I will up my payment by an extra 55 but they are not budging.

 

I have seeked advice from step change and I have even tried to remortgage

but due to our house being shared ownership we are not allowed

 

due to this worry I am on antidepressants and sleeping tables

and I can't cope any more the thought of our home being repossess is unreal.

 

I have two young children and they don't do change

 

 

please I need as much help and advice as possible to prevent this from happening

 

 

ps I have also asked them if they could extend the loan but nothing

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Do you have the statements?

600 x 10 yrs is 66000, even with 12 months arrears its 60000 paid so unless you have been milked in charges (which you could reclaim), I can't see how you get to 78000?

 

If you don't have statements you will need to get them either by asking nicely (worked for me) or by way of a sar request.

 

Either way you have some time to bite back if its going on till Feb 17

 

If you have the info, please post as much about the loan as you can without any personal or account info

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I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

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Which creditor is this bobboo ?

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

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swift advances

 

say no more

 

bet you've arrears fees going back decades they are adding because of acouple of missed paymwnts.

 

they fleece people blind

 

when did you take the loan out please?

 

have you all the statements

and the agreement still?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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swift advances

 

say no more

 

bet you've arrears fees going back decades they are adding because of acouple of missed paymwnts.

 

they fleece people blind

 

when did you take the loan out please?

 

have you all the statements

and the agreement still?

2007 the loan was taken out and no I don't have the agreement

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Advice is in post #2 bob...DSAR the creditor get all your information.....and also do a section 77 CCA request for the agreement.

 

Then post back here with what you receive.

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

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