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Sirbob00

Help required regarding debts

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On 07/05/2020 at 15:35, Sirbob00 said:

Sorry but I’m not sure what to do.

 

As advised I wrote to all creditors officially advising of our current address even though a few were already writing to us so they obviously found us.  

 

I was reading a post on Facebook and someone who admin on the group has said they shouldn’t write to any creditors advising of their current address as it’s acknowledging the debt and may reset the 6 years of limitation.

 

is this correct?  

 

This is actually dangerous misinformation.


We could do with some help from you.

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On our Facebook Group ...CAG ?


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 OTHERS

 

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

 

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

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No not on your Facebook group 

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Thank heavens......you need to keep away from Sites that ill inform you and so called Debt Advice Services...its not good for your health :wink:


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 OTHERS

 

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

 

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

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split some posts off as it's getting far too confusing with all these debts in one thread

this is a thread about your picture loan

 

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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just obv re read the thread ..

all these debts with charging orders ...the CO's were gained on the old home that was repo'd numerous years ago?

not your current home?


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Yes.  NatWest got a charging order but the house was repossessed in 2014.

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tough luck they can't now enforce it then....:pound:


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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What other action can they take.


Do they have 12 years to chase like a mortgage shortfall as although it was a unsecured loan, they did get a charging order on a house that was later repossessed.

 

Many Thanks.

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unless the original loan was secured when you signed up for it no.

I will guess they got a CCJ and a CO and you both simply ignored everything.

 

the story is not running right if the org NW loan was not a secured one in the 1st place.

 

 

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Sorry I’m not sure what you mean when you say about the loan not being secured from the start.

 

I banked with NatWest.  

Applied for a loan £30k.  

Definitely not secured as with an interest only mortgage £115,000,

then the secured Picture Loan which was £25k we couldn’t have gotten another secured loan.


When we couldn’t pay due to husband loosing job I got paperwork for them to get a charging order.  

I honestly have no recollection of a CCJ and I’ve been with 2 Credit reference agencies

1 of them for 2 years

and there was no CCJ registered.  

 

I do remember writing to the court opposing the charging order as even if they tried to repossess the house they wouldn’t benefit from any money due to the mortgage and secured loan taking priority over them.  

 

Unfortunately this was rejected by the court.  

Until April 2014 they were receiving payments from us via PayPlan.

 

The house was then repossessed in September 2014.

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then the 12yrs does not apply at all.

 

what you did was probably sign what is called a Voluntary Charge the NW sent you.

there being no need for a Court Judgement to 1st exist, unlike a charging order, following a CCJ Judgement.

 

it was never a secured loan, so the 12yrs does not apply, a CO following a CCJ or a VO does not change the Agreement you sighed.

 

was this NW loan a joint loan on a joint property or single name Loan on a joint property

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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It was a joint loan and our mortgage was joint.

 

Although when they wrote to us it was individually and they were chasing us individually but they were wanting the full amount from both of us.  When we made payments via Payplan we paid a certain amount each.  When Moorcroft started writing they only wrote to my husband .

 

Hope that makes sense.

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6yrs then..

game over.

 

dx

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I found out last night that after informing NatWest of our new address they sent an email to a very old email address asking us to to ring them so they could action the changes.  Moorcroft also sent a similar email to the same email address.  

Husband only told me last night.Unfortunately due to his illness he often forgets to tell me things.

 

Many Thanks for all your help.

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