ge money help!

[Killerschick]

Welcome don't do equity checks before lending so it's not uncommon for them to lend over 100% of the value of the property.

[kgrant]

we recieved the court papers today im going to get them filled out and sent back , and also going to try and see someone at the CAB to see what they suggest the court date is 25th feb , never been in this situation before so im a bit puzzled to what to do , we are going to go to court we werent going to but i think it will be best, ive made my first payment today and there will have been another payment made before it goes to court , the arrears are around £1900 or they were before i made the payment today they are now £1635 and by the time we go to court they will be £1370 im just not looking forward to it

[kgrant]

we recieved the court papers today im going to get them filled out and sent back , and also going to try and see someone at the CAB to see what they suggest the court date is 25th feb , never been in this situation before so im a bit puzzled to what to do , we are going to go to court we werent going to but i think it will be best, ive made my first payment today and there will have been another payment made before it goes to court , the arrears are around £1900 or they were before i made the payment today they are now £1635 and by the time we go to court they will be £1370 im just not looking forward to it

[jaxads]

If there's any way possible you could reduce the arrears to a really low amount (I know its not easy and sometime impossible) they may adjourn. I'm still trying my best to get away from this lot!!!! the very best of luck to you.

[jaxads]

If there's any way possible you could reduce the arrears to a really low amount (I know its not easy and sometime impossible) they may adjourn. I'm still trying my best to get away from this lot!!!! the very best of luck to you.

[kgrant]

i wish there was but we cant really afford what we are paying never mind anymore , i might try and pay a bit more next month depending on what hubby gets paid. id clear the lot tomorrow if i could but its just not possible

[kgrant]

i wish there was but we cant really afford what we are paying never mind anymore , i might try and pay a bit more next month depending on what hubby gets paid. id clear the lot tomorrow if i could but its just not possible

[Killerschick]

Try not to worry:) - possession hearings are not that threatening, court staff are (in my experience) usually quite helpful and should be able to direct you to the correct waiting room. When you get there make sure you book in with the usher (to make sure you get called when it's your turn!) and if there is a CAB advisor or similar available I would recommend you approach them for assistance and/or representation.

The rep from GE is quite likely to approach you and may well be quite intimidating (this is why it helps to go to get CAB assistance if they are there). Do not be talked into offering more than you can afford and ignore them if they tell you you've got no chance of getting the order you are looking for. They may also suggest it's easier to agree something with them rather than have a battle in Court - again, ignore them.

The hearing is normally in chambers (a relatively small room which is allocated to a particular Judge) and it will just be you, the judge and the representative from GE (usually someone from legal representation agency no an actual employee). The Judge will ask for the case from the rep (who will give figures and request an order) then ask for your proposals. I would recommend addressing the Judge as Sir/Madam but not Your Honour (that's for Judges much further up the food chain!) try to explain clearly and answer any questions put to you. The Judge will try to make things easy for you to understand (if you didn't understand what was going on it would be grounds to set a judgment aside anyway) and is usually sympathetic on a first appearance. You won't be cross-examined by the other side but they may challenge your proposal by addressing the Judge.

The Judge will then weigh up the requests from both sides before making the order. They will consider the risk to the mortgage lender (how much equity they have available and how likely you are to pay) versus the detriment to you of losing your home.

 

I hope this helps give an idea of what to expect.

[Killerschick]

Try not to worry:) - possession hearings are not that threatening, court staff are (in my experience) usually quite helpful and should be able to direct you to the correct waiting room. When you get there make sure you book in with the usher (to make sure you get called when it's your turn!) and if there is a CAB advisor or similar available I would recommend you approach them for assistance and/or representation.

The rep from GE is quite likely to approach you and may well be quite intimidating (this is why it helps to go to get CAB assistance if they are there). Do not be talked into offering more than you can afford and ignore them if they tell you you've got no chance of getting the order you are looking for. They may also suggest it's easier to agree something with them rather than have a battle in Court - again, ignore them.

The hearing is normally in chambers (a relatively small room which is allocated to a particular Judge) and it will just be you, the judge and the representative from GE (usually someone from legal representation agency no an actual employee). The Judge will ask for the case from the rep (who will give figures and request an order) then ask for your proposals. I would recommend addressing the Judge as Sir/Madam but not Your Honour (that's for Judges much further up the food chain!) try to explain clearly and answer any questions put to you. The Judge will try to make things easy for you to understand (if you didn't understand what was going on it would be grounds to set a judgment aside anyway) and is usually sympathetic on a first appearance. You won't be cross-examined by the other side but they may challenge your proposal by addressing the Judge.

The Judge will then weigh up the requests from both sides before making the order. They will consider the risk to the mortgage lender (how much equity they have available and how likely you are to pay) versus the detriment to you of losing your home.

 

I hope this helps give an idea of what to expect.

[kgrant]

thanks for that:-| it still sounds scary, im going to go to the CAB on thursday for some advice and to see if i can get someone to come with us.my step mum is a court usher at the court its at, ill ask her what to expect. ill also take the letter i recieved from ge money accepting my repayment proposals and that they were going to instruct their solicitors to go for a suspended possesion order

[kgrant]

thanks for that:-| it still sounds scary, im going to go to the CAB on thursday for some advice and to see if i can get someone to come with us.my step mum is a court usher at the court its at, ill ask her what to expect. ill also take the letter i recieved from ge money accepting my repayment proposals and that they were going to instruct their solicitors to go for a suspended possesion order

[kgrant]

im wondering wether it will be worth while writing to GE money and asking if we can pay a lower amount off the arrears , if i make another payment of what i originally agreed and then after that see if we can reduce it slightly, at the moment we are paying an extra £260 a month on top of our normal monthly payment and its too much , what the normal lenghth of time they will allow for you to pay the arrears off or should i say acceptable in their eyes

[kgrant]

im wondering wether it will be worth while writing to GE money and asking if we can pay a lower amount off the arrears , if i make another payment of what i originally agreed and then after that see if we can reduce it slightly, at the moment we are paying an extra £260 a month on top of our normal monthly payment and its too much , what the normal lenghth of time they will allow for you to pay the arrears off or should i say acceptable in their eyes

[tonycee]

im wondering wether it will be worth while writing to GE money and asking if we can pay a lower amount off the arrears ,

 

Absolutely.

And do it sooner rather than later.

Offer £50 p/m and ask if they would consider giving you a payment break.

 

A suspended possession order is not the end of the world.

You will get your chance to speak to the judge, and there you can offer what you can AFFORD..

Thats the important bit.

 

£1370 arrears divided by 24 months.= £57.09p PCM (Sorted)

 

Please try not to worry.

[tonycee]

im wondering wether it will be worth while writing to GE money and asking if we can pay a lower amount off the arrears ,

 

Absolutely.

And do it sooner rather than later.

Offer £50 p/m and ask if they would consider giving you a payment break.

 

A suspended possession order is not the end of the world.

You will get your chance to speak to the judge, and there you can offer what you can AFFORD..

Thats the important bit.

 

£1370 arrears divided by 24 months.= £57.09p PCM (Sorted)

 

Please try not to worry.

[Ell-enn]

Hi there, TonyC is right, if you can negotiate with GE before the hearing (make sure you get them to confirm it in writing), it will help your case. Also the fact that you have been making payments while all this has been going on will be looked on favourably by the court.

 

Have you been to the CAB yet? they would be able to help you negotiate and also fill in the defence papers for the court. It is important you give as much detail as possible on the forms and put forward a reasonable payment plan that you can afford.

 

Please let us know if you need any further help and as TC says try not to worry too much. While it may not feel like it, you are in a better position than some people who are facing the same possession action. Judges do not want to take houses from people who have every chance of paying the arrears and an offer to pay over 24 months will, I am sure, be accepted, but you do need to attend court to make sure you put the best possible defence across.

 

Kind Regards

 

Ell-enn

[Ell-enn]

Hi there, TonyC is right, if you can negotiate with GE before the hearing (make sure you get them to confirm it in writing), it will help your case. Also the fact that you have been making payments while all this has been going on will be looked on favourably by the court.

 

Have you been to the CAB yet? they would be able to help you negotiate and also fill in the defence papers for the court. It is important you give as much detail as possible on the forms and put forward a reasonable payment plan that you can afford.

 

Please let us know if you need any further help and as TC says try not to worry too much. While it may not feel like it, you are in a better position than some people who are facing the same possession action. Judges do not want to take houses from people who have every chance of paying the arrears and an offer to pay over 24 months will, I am sure, be accepted, but you do need to attend court to make sure you put the best possible defence across.

 

Kind Regards

 

Ell-enn

[kgrant]

the cheek of it! we recieved a letter today from GE money stating that the offer of payment we made is still insufficent and that they required a higher offer or instead of getting a suspended possession order when it went to court they would go for absoloute possession. bearing in mind i have already set up an agreement (which is £266) on top of our morgage and would mean the arrears are paid off by august, and i have in writing from them a copy of this arrangement. i panicked when i read the letter so i rang them up , the man i spoke to couldn't understand why i was sent the letter, and advised me to take the arrangment letter with me when we go to court and not to worry and that there solicitors had been advised by them to go for a suspended possession order anyway

[kgrant]

the cheek of it! we recieved a letter today from GE money stating that the offer of payment we made is still insufficent and that they required a higher offer or instead of getting a suspended possession order when it went to court they would go for absoloute possession. bearing in mind i have already set up an agreement (which is £266) on top of our morgage and would mean the arrears are paid off by august, and i have in writing from them a copy of this arrangement. i panicked when i read the letter so i rang them up , the man i spoke to couldn't understand why i was sent the letter, and advised me to take the arrangment letter with me when we go to court and not to worry and that there solicitors had been advised by them to go for a suspended possession order anyway

[tonycee]

They will get their "suspended" possession order in court. Make no mistakes about that.

What you have to agree with the judge is, how much can you genuinely afford to pay extra each month.

If you show him the arrangement latter of £266 he will ask you about it.

 

DO NOT OFFER MORE THAN YOU CAN AFFORD.

 

This is very important.

Once you have done this, the judge will order the suspension based on it.

If you keep up the payments, there is nothing GE or anybody can do about it.

[tonycee]

They will get their "suspended" possession order in court. Make no mistakes about that.

What you have to agree with the judge is, how much can you genuinely afford to pay extra each month.

If you show him the arrangement latter of £266 he will ask you about it.

 

DO NOT OFFER MORE THAN YOU CAN AFFORD.

 

This is very important.

Once you have done this, the judge will order the suspension based on it.

If you keep up the payments, there is nothing GE or anybody can do about it.

[kgrant]

They will get their "suspended" possession order in court. Make no mistakes about that.

What you have to agree with the judge is, how much can you genuinely afford to pay extra each month.

If you show him the arrangement latter of £266 he will ask you about it.

 

DO NOT OFFER MORE THAN YOU CAN AFFORD.

 

This is very important.

Once you have done this, the judge will order the suspension based on it.

If you keep up the payments, there is nothing GE or anybody can do about it.

 

 

 

 

so i could offer less than the £266 to the judge? the only reason i offered so much was because i panicked when i recieved the court letter, and new ge money would accept it

[kgrant]

They will get their "suspended" possession order in court. Make no mistakes about that.

What you have to agree with the judge is, how much can you genuinely afford to pay extra each month.

If you show him the arrangement latter of £266 he will ask you about it.

 

DO NOT OFFER MORE THAN YOU CAN AFFORD.

 

This is very important.

Once you have done this, the judge will order the suspension based on it.

If you keep up the payments, there is nothing GE or anybody can do about it.

 

 

 

 

so i could offer less than the £266 to the judge? the only reason i offered so much was because i panicked when i recieved the court letter, and new ge money would accept it

[Ell-enn]

If you do an income and expenditure sheet to show the judge how much you can really afford he should rule in your favour. Take three copies with you, one for you, the judge and the "opposition". Explain to the judge exactly what you have said here - that you panicked when talking to GE on the phone and felt pressured into offering more than you can afford. The CAB should be able to help you with the I& E form or there is one you can download from the national debtline website.

 

Let us know if you need any help.

 

Kind Regards

 

Ell-enn

[Ell-enn]

If you do an income and expenditure sheet to show the judge how much you can really afford he should rule in your favour. Take three copies with you, one for you, the judge and the "opposition". Explain to the judge exactly what you have said here - that you panicked when talking to GE on the phone and felt pressured into offering more than you can afford. The CAB should be able to help you with the I& E form or there is one you can download from the national debtline website.

 

Let us know if you need any help.

 

Kind Regards

 

Ell-enn