Tweet
I am currently got two debts which I have been paying token payments to the DCA they have past them too. I have been doing this for a while.
They havent gone up this route yet but I have been reading about charging orders and I am worried sick to death about it.
Currently I am out of work claiming support group ESA as going through cancer treatment. This is enough to cope with without all this nonsense going through my head.
I estimated that I defaulted in 2011 and I have not tried to bury my head in sand or run away from the debts owned. I am paying literally £5 a month to one creditor and £10 a month to another. Both are Credit Cards. One I took out in 1998 and other in 2010 but defaulted late 2011.
There is positive equity in the house and I am getting help with my mortgage towards the mortgage payments.
If they apply for a charging order on me would I loose my home? Would the court look at my income and my situation and agree a continuation of payments that I am making already to them? Or is it likely they would go for the house and demand full payment or a payment plan which I cant realistically afford. Given the rate I am paying back it will take many many many years to pay back but is all I have.
So worried and scared.
They havent gone up this route yet but I have been reading about charging orders and I am worried sick to death about it.
Currently I am out of work claiming support group ESA as going through cancer treatment. This is enough to cope with without all this nonsense going through my head.
I estimated that I defaulted in 2011 and I have not tried to bury my head in sand or run away from the debts owned. I am paying literally £5 a month to one creditor and £10 a month to another. Both are Credit Cards. One I took out in 1998 and other in 2010 but defaulted late 2011.
There is positive equity in the house and I am getting help with my mortgage towards the mortgage payments.
If they apply for a charging order on me would I loose my home? Would the court look at my income and my situation and agree a continuation of payments that I am making already to them? Or is it likely they would go for the house and demand full payment or a payment plan which I cant realistically afford. Given the rate I am paying back it will take many many many years to pay back but is all I have.
So worried and scared.
welcome to LB ... there are many here who can help you with this (even if they can only put your mind at rest 
) I'm sure you will get lots of advice from the knowledgeable Beagles xx
Comment