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Hi, I just found this site, and was wondering whether you will be able to advise me of next steps.
In 2005 I took out a secured loan against my property with Swift Advances, everything was fine for a few years, I was paying my monthly payment no problems, then in 2007 I lost my job, and that's when everything went downhill, I got another job pretty quickly but for far less money (I didn't want to be unemployed) so contacted Swift to let them know I had another job but my payments to them were stretching and that I would be having problems paying the amount (£260 per month), and they did allow me to pay £30 a month for 3 months (which I said wasn't really helpful because in 3 months I would still be in the same position), then I lost this job, and was unemployed, again. Swift refused to let me pay £10 a month, and kept putting on interest on the missed payments, and so it went on, my mortgage company were far more helpful. I did get another job, but again far less pay than I was on in the very beginning, and despite me trying to pay Swift £140 a month, the interest alone on the missed payments started to increase each month, and eventually the interest payment was higher than my initial monthly payment. They were going to go for repossession of my house.
Jump forward, I stopped paying Swift altogether after they would not accept my offer of payment, and could see the house slipping away from me, so I upped and left my house, just left it, found rented accommodation, and that was the last I heard of anything, until 2 weeks ago. I had moved out 2 years, they repossessed the house, as far as im aware, as I did not go back after I left, so I imagine that the house was receiving all of the notices, letters etc, but I did not go back.
So 2 weeks ago, I had a letter through my door, no return address on the envelope, from a company called Capital Recoveries, addressed to me, and stating that I owe Swift Advances 35k after the repossession and sale of my old property. I usually bat these letters back with addressee unknown, but with this first letter, I was so shocked to see it that I tore it up, and threw in the bin.... I knew I would get another, and I did last week. Again white window envelope, no return address, so you have to open the letter up to get the address to send it back. This time it stated that if they do not hear from me in 10 days they will ask a field agent to call to access my finances and look at a repayments. Again, I stuck an addressee unknown sticker on the letter, and got another white window envelope and put the letter back in and wrote the return address on the envelope and sent it back. that's where I am at the minute, Im so scared someone is going to knock on the door so every night im shut in.
I live on my own, am a woman, I do not have any assets, only an old 8 year old car, that I have to run to get me to work and back each day. I don't earn loads of money, and hardly have anything left after all of my outgoings each month. I was hoping they would leave me alone after they took my house from me, Im just starting to get back on my feet, now this has put a spanner in the works.
Please can someone tell me what to do?
Thank you
In 2005 I took out a secured loan against my property with Swift Advances, everything was fine for a few years, I was paying my monthly payment no problems, then in 2007 I lost my job, and that's when everything went downhill, I got another job pretty quickly but for far less money (I didn't want to be unemployed) so contacted Swift to let them know I had another job but my payments to them were stretching and that I would be having problems paying the amount (£260 per month), and they did allow me to pay £30 a month for 3 months (which I said wasn't really helpful because in 3 months I would still be in the same position), then I lost this job, and was unemployed, again. Swift refused to let me pay £10 a month, and kept putting on interest on the missed payments, and so it went on, my mortgage company were far more helpful. I did get another job, but again far less pay than I was on in the very beginning, and despite me trying to pay Swift £140 a month, the interest alone on the missed payments started to increase each month, and eventually the interest payment was higher than my initial monthly payment. They were going to go for repossession of my house.
Jump forward, I stopped paying Swift altogether after they would not accept my offer of payment, and could see the house slipping away from me, so I upped and left my house, just left it, found rented accommodation, and that was the last I heard of anything, until 2 weeks ago. I had moved out 2 years, they repossessed the house, as far as im aware, as I did not go back after I left, so I imagine that the house was receiving all of the notices, letters etc, but I did not go back.
So 2 weeks ago, I had a letter through my door, no return address on the envelope, from a company called Capital Recoveries, addressed to me, and stating that I owe Swift Advances 35k after the repossession and sale of my old property. I usually bat these letters back with addressee unknown, but with this first letter, I was so shocked to see it that I tore it up, and threw in the bin.... I knew I would get another, and I did last week. Again white window envelope, no return address, so you have to open the letter up to get the address to send it back. This time it stated that if they do not hear from me in 10 days they will ask a field agent to call to access my finances and look at a repayments. Again, I stuck an addressee unknown sticker on the letter, and got another white window envelope and put the letter back in and wrote the return address on the envelope and sent it back. that's where I am at the minute, Im so scared someone is going to knock on the door so every night im shut in.
I live on my own, am a woman, I do not have any assets, only an old 8 year old car, that I have to run to get me to work and back each day. I don't earn loads of money, and hardly have anything left after all of my outgoings each month. I was hoping they would leave me alone after they took my house from me, Im just starting to get back on my feet, now this has put a spanner in the works.
Please can someone tell me what to do?
Thank you
their charging structure is insane.
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