help and advice needed! N11M form recieved!

[ccrl14]

swift advances and roslyn king repossession papers

Help! I have a secured loan with swift advances that I am in arrears with. My income is less than it was when I first took it out as I only have 1 job now. When I took the loan out, Swift didnt ask for any income proof, just how much I was earning. I have now recieved court papers for possession of my property. I am worried sick. I have arrears on council tax and water rates, as well as various credit cards. I do not want to lose my house! I suffer from depression for which I have had periods of long term sick from work and I am still on the medication. Please advise me how to deal with these papers.

[Latch Key Kid]

Re: help and advice needed! N11M form recieved!

swift advances and roslyn king repossession papers

Help! I have a secured loan with swift advances that I am in arrears with. My income is less than it was when I first took it out as I only have 1 job now. When I took the loan out, Swift didnt ask for any income proof, just how much I was earning. I have now recieved court papers for possession of my property. I am worried sick. I have arrears on council tax and water rates, as well as various credit cards. I do not want to lose my house! I suffer from depression for which I have had periods of long term sick from work and I am still on the medication. Please advise me how to deal with these papers.

Hi

Secured loans are priority debts for the obvious reason that the home can be put at risk via possession as no doubt you are aware and need addressing within any relevant time limits or deadlines etc.

The CAB link below on mortgage, secured loan arrears & possesssion contains a fair bit of information etc and is worth a read through.

http://mymoney.nedcab.org.uk/moneyad...agearrears.asp

Sounds like you very much need full advice on your debts overall (below are a number of free organisations that may be able to help)

http://www.shelter.org.uk/

http://www.citizensadvice.org.uk/

http://www.lawcentres.org.uk/

http://www.cccs.co.uk/

http://www.nationaldebtline.co.uk/

Could you put up further info on your circumstances - Statement of Affairs - as this may assist people in helping you further

[Kelidebtadvisor]

Re: help and advice needed! N11M form recieved!

A time order can be a useful order which allows you to reschedule payments to an affordable level.

http://www.nationaldebtline.co.uk/en...06_time_orders have a look here for details

A time order is a way of asking the court to give you more time to pay a loan agreement if you have fallen behind with the payments. It can change:

• the amount you have to pay each month;
• how long the loan will last;
• in some cases it is also possible to change the interest rate.

A time order is particularly useful if you have a secured loan and your lender is threatening to repossess your home.