Jump to content

old property repo'd 2014, old secured loan company chasing 'shortfall'

Recommended Posts

My property was repossessed Nov 2013 sold May 2014.


The Mortgage was paid and some profit paid towards three secured loans. This left a shortfall on the three secured loans.


Now 8 years 6 months later the Mortgage Company has sent two letters no info of the shortfall tried to phone me.

I only know of the shortfall after I requested all the information held about the sale of the property etc. In July2014.


The Company did place a default on my credit file from March 2014 until March 2021 but this was not showing on my file until August 2020 through Transunion and the amount wasn't the shortfall amount.


The statements of accounts show that the interest was written off


At the Courts they asked for an money order to be restored at Liberty.

Does this mean this will never be Statute Barred under the 12 year rule?


I'm not in a better position financially and still have unsecured debt being paid a token £1.00 a month.

I rent through a Social Landlord

my husband has Mental health problems and suffered a major heart attack that has left him with a damaged heart and on 6meds  a day with serious Heart disease that came to light.


I presume I just wait to see if a Court Document arrives and then put in a defence.


Link to post
Share on other sites

please name names


so what there was a shortfall, its now not secured so just a std debt in many aspects.


is the shortfall with the company that repo'd or another old secured loan?


and why are you blindly paying £1pcm on debt running the SB date to infinity...what are these debts too.


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... 

Link to post
Share on other sites

  • dx100uk changed the title to old property repo'd 2014, old secured loan company chasing 'shortfall'

Bàsed on google search it means a couple of this. The court case can be adjurned but brought back if you get in arrers again. 

OFT debt collection guidance


Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.


Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...