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Hi, I have a redermination hearing on friday, as Hillesden Securities have rejected my offer of payment. They are just one of 6 other debters that i have been paying £1.00 a month too for the last few years. I owe 3k which was originally a debt with MBNA. Due to my financail circumstances, £1.00 a week was all i could afford. All other creditors have accepted this, and are quite happy with this amount, one of them i actually owe 10k to, and they seem to accept £5.00 a month from me. I have never missed a monthly payment to any of the creditors. Hillesden said they will reject any offer as they want to put a CO secured on my home.
Can they do this? I read somewhere that it would not be granted if it puts the other creditors at a disadvantage, which obviously it would, especially the one that has 10k owing.
What happens at these redermination hearings? Do i get a chance to explain how i got in this mess in the first place. I have continued to pay hillesden while waiting for the court date.
So how do i defend this? Anyone been through this before? Any advice would be appreciated.
Thanks
Can they do this? I read somewhere that it would not be granted if it puts the other creditors at a disadvantage, which obviously it would, especially the one that has 10k owing.
What happens at these redermination hearings? Do i get a chance to explain how i got in this mess in the first place. I have continued to pay hillesden while waiting for the court date.
So how do i defend this? Anyone been through this before? Any advice would be appreciated.
Thanks
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