advice on Swift Advance trying repossession

[bobboo]

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

Edited April 10, 2016 by Andyorch
Paragraphs/spelling

[martin2006]

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

[AndyOrch]

Which creditor is this bobboo ?

 

Andy

[dx100uk]

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?

[bobboo]

Which creditor is this bobboo ?

 

Andy

Swift advance

[bobboo]

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

[bobboo]

Can anyone help me

[AndyOrch]

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