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**DISCONTINUED** CCJ and Charging Order from Restons on behalf of Cabot
Hi Guys, I'm looking for some help help on a imminent CCJ and Charging Order from Restons on behalf of Cabot
My husband opened a Halifax credit card in xxxx. All was OK for quite a few years, but as they steadily increased the interest, from 14% to 29.99%, the repayments became unmanageable, paying £300 to pay £15 off the capital sum, reaching £xxxx.
The account was defaulted in xxxx, and Halifax added another xxxx interest added to the account after the default date. Referred to solicitors in Scotland,who accepted £15 a month, with no additional interest. Financially things became very difficult for us and this was all we could afford.
Debt sold to Cabot in xxxx, who also took £15 a month, which continued until xxxx, when they referred it to Restons.
Restons have accepted £10 a month up until now and we have paid each month. Restons have now issued a claim for the county court with a threat of a charging order.
We think Restons have left us alone until now because we lived in rented accommodation.
Just as Restons started hassling us, my mother died at the same and left me enough money to buy a small house. Foolishly we put the house in both our names even though it was my inheritance that paid for the house. We did discuss it at the time, but went ahead anyway. By telling Restons that we moved, they must have got wind that we now own our home, although we haven't told them.
The debt stands at xxxx, which is about 10% of the value of the house. Obviously we don't want them to put on a charging order.
Husband also had PPI on the Halifax debt, which we intend to reclaim.
He is intending to complete an Acknowledgement of service today, it needs to be in by tomorrow, so we have 14 days to prepare a defence.
He plans to accept part of the debt, which is based on overcharging of interest back at the default date and outstanding PPI. He also wishes to question the need for a CCJ when Restons have happily accepted £10 a month without question for the last two years. We have also told them that we will increase payments when our business gets going which we have told them will take us another two months. Also can we ask for more time to pursue the PPI claim.
Finally as this default is over six years old, would the CCJ show on his credit file?
Any ideas, would be very grateful.
Many thanks
oxfordgirl
My husband opened a Halifax credit card in xxxx. All was OK for quite a few years, but as they steadily increased the interest, from 14% to 29.99%, the repayments became unmanageable, paying £300 to pay £15 off the capital sum, reaching £xxxx.
The account was defaulted in xxxx, and Halifax added another xxxx interest added to the account after the default date. Referred to solicitors in Scotland,who accepted £15 a month, with no additional interest. Financially things became very difficult for us and this was all we could afford.
Debt sold to Cabot in xxxx, who also took £15 a month, which continued until xxxx, when they referred it to Restons.
Restons have accepted £10 a month up until now and we have paid each month. Restons have now issued a claim for the county court with a threat of a charging order.
We think Restons have left us alone until now because we lived in rented accommodation.
Just as Restons started hassling us, my mother died at the same and left me enough money to buy a small house. Foolishly we put the house in both our names even though it was my inheritance that paid for the house. We did discuss it at the time, but went ahead anyway. By telling Restons that we moved, they must have got wind that we now own our home, although we haven't told them.
The debt stands at xxxx, which is about 10% of the value of the house. Obviously we don't want them to put on a charging order.
Husband also had PPI on the Halifax debt, which we intend to reclaim.
He is intending to complete an Acknowledgement of service today, it needs to be in by tomorrow, so we have 14 days to prepare a defence.
He plans to accept part of the debt, which is based on overcharging of interest back at the default date and outstanding PPI. He also wishes to question the need for a CCJ when Restons have happily accepted £10 a month without question for the last two years. We have also told them that we will increase payments when our business gets going which we have told them will take us another two months. Also can we ask for more time to pursue the PPI claim.
Finally as this default is over six years old, would the CCJ show on his credit file?
Any ideas, would be very grateful.
Many thanks
oxfordgirl
xx
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