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    • It is known as bodily injury and property damage liability ,your motorbike liability insurance covers the cost of liability ,claims and legal fees up to your policy are you in fault in an accident.
    • Tell the friend that the Bank may be able to sell the house, after repossession is granted and could sell it for a much reduced price. Your friend could stand to lose hundreds of thousands of pounds.   Why does your friend not borrow the money or sell goods to raise the money ? Are there goods in the house, such as furniture, that could be sold to raise money ?
    • I haven't checked with the Land Registry but assume the charge is still there.   I have no knowledge of SB rulings but read:   For most types of debt in England, Wales and Northern Ireland, the limitation period is six years. This applies to most common debt types such as credit or store cards, personal loans, gas or electric arrears, council tax arrears, benefit overpayments, payday loans, rent arrears, catalogues or overdrafts. There are some exceptions though: Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
    • This situation has reared its head again Friend had such luck (through my efforts) at the start of the year to get the bank to clear the service charge debts and add them to the mortgage. Friend ended up having a slightly larger mortgage but at really low interest rate. And the freeholder got their service charge money.   But friend has had head in sand all year.  And has now failed to pay the bank one payment all year!!  It is so infuriating.    With costs, friend now owes apx £1500.   So the bank re-opened the original claim of the freeholders - which they paid off - and have now got a Judgment against friend.  With a repossession hearing in a few weeks.... The value is apx £1.5m.   The mortgage is like £100k.   (About £100/m).   Now Judgment for owing £1500 on a £1.5m property.   I have been telling friend all year to make payments.  Now friend really needs to make a payment.   Still absent overseas.   Additionally - another set of service charges are due now   I won't let these people take the property - but I don't know how to help.   I told friend to pay the mortgage and ask the bank to pay the service charges again.  And in the meantime find a better solution - such as selling an asset.  But nothing has been done at all in the last 9 months.   Any good suggestions?      
    • moved you to the bh forum plenty to read here:   like https://cse.google.com/cse?cx=partner-pub-8889411648654839:3134625398&q=brighthouse sold item&oq=brighthouse sold item&gs_l=partner-generic.3...7889.15692.0.16208.21.21.0.0.0.0.113.1591.20j1.21.0.gsnos%2Cn%3D13...0.7807j5246289j21...1.34.partner-generic..21.0.0.jn7G89f5l50
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Halpert87

31 overwhelmed with debt and scared

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Argh! I am so confused.

 

I feel really low today with all this pressure building up on me.

I really don't know what to do.

 

Like I said I have no safety net of family to fall on to for support so I want to put myself in the least vulnerable position as possible.

 

I don't want to end up homeless because of all of defaults and unable to get any credit to get me out of my hole.

 

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well whichever way you go credit with defaults that show for 6yrs and or an IVA/DRO or whatever IS going to probably kill credit .

the only way to guarantee your file stays clean is to properly service all the debts which you cant.

 

so facing those hard facts.... as andyorch suggests, wack off CCA requests for those covered by the CCA and lets see what cards each creditors holds.

it wont stop them defaulting you whichever your route, but it might well severly reduct the sum that you ultimately might legally owe thus reduce the overall debt , this could provide a better insight into which way you go forwards.

 

info and documentation is always the key in any multidebt sutiations

 

you are in the debt selfhelp forum

there are threads whereby £10k's of debt proved unenforceable.

have a read 

their stories might inspire you..


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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and unable to get any credit to get me out of my hole

 

 

Seriously...isn't that why you are in the position you are now?...and you want more credit ? 


We could do with some help from you.

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If you want advice on your thread please PM me a link to your thread

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