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Hi, I have come here because need some advice.
Swift Advances are now at the stage where i have 5 days to come up with some plan how to pay my 7k arrears and monthly payment to them or they will instruct their solicitors to progress with a repossession summons.
I have offered them a payment per month that i can afford, however they seem to have rejected this, i had struggled to pay them for over 4 years, due to losing my job and being unemployed, but i managed to get off unemployment and have a now been employed for a year, i have worked out payments with my first mortgage lender norwich and peterborough, and am paying a small amount of 10 quid a month on top of their monthly payment towards my arrears. The rest of my monthly salary is eaten up by living costs, you know gas, electric, water blah blah blah, and all i have over is enough to feed myself and keep the car in petrol so i can get to work (i live 35 miles away from where i work, and there is no public transport to the place). I have my house up for sale to try and sell myself to get both my first lender and Swift off my back, however as we all know the housing market is in free fall, and my house is only a 2 bed starter home, so that doesnt help. I have sent Swift back there expenditure form, bank statements, wage slips, utitlity bills, and an offer of payment, which is below my monthly payment, but all i can afford, and this all seems to be ignored. They have increased my arrears with consistantly adding 64 quid a month unpaid monthly fee, and just recently added another 16 quid for solicitors fees. These fees alone must add up to over 2k over the last 4 years. I went to CAB for advice, they were astonished that Swift have let my arrears go on for so long.... so, Im not sure what else I can do now, I have to get back to them with my response, within 5 days..... what else can i do? Has anyone else dealt with these people? This was a secured loan, not a mortgage.
Swift Advances are now at the stage where i have 5 days to come up with some plan how to pay my 7k arrears and monthly payment to them or they will instruct their solicitors to progress with a repossession summons.
I have offered them a payment per month that i can afford, however they seem to have rejected this, i had struggled to pay them for over 4 years, due to losing my job and being unemployed, but i managed to get off unemployment and have a now been employed for a year, i have worked out payments with my first mortgage lender norwich and peterborough, and am paying a small amount of 10 quid a month on top of their monthly payment towards my arrears. The rest of my monthly salary is eaten up by living costs, you know gas, electric, water blah blah blah, and all i have over is enough to feed myself and keep the car in petrol so i can get to work (i live 35 miles away from where i work, and there is no public transport to the place). I have my house up for sale to try and sell myself to get both my first lender and Swift off my back, however as we all know the housing market is in free fall, and my house is only a 2 bed starter home, so that doesnt help. I have sent Swift back there expenditure form, bank statements, wage slips, utitlity bills, and an offer of payment, which is below my monthly payment, but all i can afford, and this all seems to be ignored. They have increased my arrears with consistantly adding 64 quid a month unpaid monthly fee, and just recently added another 16 quid for solicitors fees. These fees alone must add up to over 2k over the last 4 years. I went to CAB for advice, they were astonished that Swift have let my arrears go on for so long.... so, Im not sure what else I can do now, I have to get back to them with my response, within 5 days..... what else can i do? Has anyone else dealt with these people? This was a secured loan, not a mortgage.
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