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Received a Claim Form - what to do?
Hi guys,
First post and to be honest I'm bricking it!
Yesterday I received what appears to be a notice from Northampton county court that a £6600 MBNA debt has been sold to Arrow Global Guernsey Ltd and that Drydens Fairfax Solicitors have applied for a CCJ.
First a bit of background.
I divorced in 2005. As I was a bit of a plonker all of the debts from the marrage were in my name. These came to around £45k. My ex really knew how to spend and I was too much of a wuss to say no! As I was on a good wage I agreed to keep the debts for the benefit of my kids, who were resident with my ex. I maintained the minimum payments until 2009 when my contract was not renewed (no redundancy). After a couple of months on the dole I got a new job on a much lower wage.
Unfortunately I was not able to keep up the payments on my debts. I have £25k loan secured on my house, which I am paying £350 a month for. I have been forced to default on the remaining £20k. I informed my creditors of my position and cooperated as best I could. I offered to make token payments, which was refused by MBNA.
Fast forward to today.
As far as I know I have not received any letters from Drydens Fairfax regarding this. To be honest I may have done but after so many letters and with debts being sold on they tend to become a blur! I am a single father, as I have my two daughters (17 & 15 yrs), I have a reasonably well paid job but a big mortgage, secured loan, very high utility bills (old drafty house with minimal insulation) and have a daily 80 mile round trip for work. Simply put, I cannot afford to make any substantial payments and I'm worried about what the court may impose.
I'm doing the usual Internet trawl for advice and information and hopefully will get in to Swansea or Port Talbot CAB next week. Any suggestions on what else I should do and what I can expect?
Thanks in advance.
NovemberMike.
First post and to be honest I'm bricking it!
Yesterday I received what appears to be a notice from Northampton county court that a £6600 MBNA debt has been sold to Arrow Global Guernsey Ltd and that Drydens Fairfax Solicitors have applied for a CCJ.
First a bit of background.
I divorced in 2005. As I was a bit of a plonker all of the debts from the marrage were in my name. These came to around £45k. My ex really knew how to spend and I was too much of a wuss to say no! As I was on a good wage I agreed to keep the debts for the benefit of my kids, who were resident with my ex. I maintained the minimum payments until 2009 when my contract was not renewed (no redundancy). After a couple of months on the dole I got a new job on a much lower wage.
Unfortunately I was not able to keep up the payments on my debts. I have £25k loan secured on my house, which I am paying £350 a month for. I have been forced to default on the remaining £20k. I informed my creditors of my position and cooperated as best I could. I offered to make token payments, which was refused by MBNA.
Fast forward to today.
As far as I know I have not received any letters from Drydens Fairfax regarding this. To be honest I may have done but after so many letters and with debts being sold on they tend to become a blur! I am a single father, as I have my two daughters (17 & 15 yrs), I have a reasonably well paid job but a big mortgage, secured loan, very high utility bills (old drafty house with minimal insulation) and have a daily 80 mile round trip for work. Simply put, I cannot afford to make any substantial payments and I'm worried about what the court may impose.
I'm doing the usual Internet trawl for advice and information and hopefully will get in to Swansea or Port Talbot CAB next week. Any suggestions on what else I should do and what I can expect?
Thanks in advance.
NovemberMike.
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