Friend Found unknown LLoyds CCJ - Financial Settlement Offer?

[Orchid47]

My friend has a CCJ attached to her house. She would like to make an offer to clear this and would like to know what % to offer?

[Ganymede]

Do you mean that your friend has a CCJ and then a Charging Order was granted and registered against her home?

 

There is no standard amount. Pluck a figure from thin air and try it. 10%? 25%? 50%? Take your pick!

[AndyOrch]

Who is the judgment with...whats the amount...whats the history...how long as it been in place ?

 

Is the CCJ in your friends name only ?

 

Is it a joint mortgage ?

 

fill all the above gaps in Orchid and ask again:wink:

 

Andy

[Orchid47]

Who is the judgment with...whats the amount...whats the history...how long as it been in place ?

 

Judgement is with Lloyds Bank

 

CCJ placed because she couldn't maintain monthly loan repayments

 

Loan was for £50K

 

Been in place since 2013

 

Is the CCJ in your friends name only ? Yes

 

Is it a joint mortgage ? No

 

fill all the above gaps in Orchid and ask again:wink:

 

Andy

 

Ty

[AndyOrch]

And the age and any payments made Orchid ?

[Orchid47]

No payment schedule set at all, just registered with Land Registry

Age? do you mean of my friend? She's 56years old

[AndyOrch]

No...the age of the judgment

[Orchid47]

Been in place from 2013 so 4 years?

[AndyOrch]

Are Lloyds Bank the actual claimant ?

 

Or is that just the name on the original debt and the CCJ is in a DCAs name ?

[Orchid47]

Yes Lloyds the claimant, not DCA

[AndyOrch]

As your friend come into some money ?

 

50K is a considerable amount for one debt to be secured against a property...considering that no offers of payment have been made in the previous 4 years or at the time of judgment...I doubt the claimant will be greeting any offers much less than the full amount.

 

Do you know the Sols that dealt with the claim?

[Orchid47]

Ok, but that's how its been. They didn't set out anything when judgement was passed. She is selling her house so hence why judgement will be cleared. She would like a bit of equity to put towards another house though hence wondering if she can make an offer

[Orchid47]

No solicitor dealing with claim at the moment

[Ganymede]

Ok, but that's how its been. They didn't set out anything when judgement was passed. She is selling her house so hence why judgement will be cleared. She would like a bit of equity to put towards another house though hence wondering if she can make an offer

 

 

If there is enough equity in the house to fully pay off the Charging Order it's doubtful that any reduced offer would be accepted.

 

Depends how desperate the Claimant is for their money or your friend is to sell though I guess.

 

Like I said, pick a figure and go for it. Nothing to lose.

[AndyOrch]

Also make sure 50K is the final balance and that no post judgment interest is applicable.