Search
  • Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Barclays Demanding Information.

Collapse
Loading...
X
Collapse
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous Next
  • #1

    Barclays Demanding Information.

    Hi all


    My wife and I are personal guarantors on an UNSECURED Barclays business loan which is now in default. We have contacted Barclays with a current I&E statement which shows us having no disposable income after priority debts etc.


    Barclays have written to me today asking for details of my mortgage, outstanding balance, term remaining etc.


    I have two questions:


    1. Does anyone have a view on why they want this information on an UNSECURED loan?


    2. Do I have to supply this information?


    Many thanks in advance!
    Tags: None
  • #2
    Re: Barclays Demanding Information.

    Originally posted by Arkwright View Post
    Hi all


    My wife and I are personal guarantors on an UNSECURED Barclays business loan which is now in default. We have contacted Barclays with a current I&E statement which shows us having no disposable income after priority debts etc.


    Barclays have written to me today asking for details of my mortgage, outstanding balance, term remaining etc.


    I have two questions:


    1. Does anyone have a view on why they want this information on an UNSECURED loan?


    2. Do I have to supply this information?


    Many thanks in advance!
    :bump:
    Life is a journey on which we all travel, sometimes together, but never alone.

    Comment

    • #3
      Re: Barclays Demanding Information.

      They will want it in order to determine your personal assets with a view of what they can take from you if they take you to court. As they are wanting info on your mortgage then its likely they will be wanting to see if its worthwhile seeking a Charging order on your property.

      Legally you do not have to provide them any information, but not doing so will simply force them to take you to court anyway.
      Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.

      By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.

      If you PM me, make sure to include a link to your thread as I don't give out advice in private. All PMs that are sent in missuse (including but not limited to phishing, spam) of the PM application and/or PMs that are threatening or abusive will be reported to the Site Team and if necessary to the police and/or relevant Authority.

      I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.

      The Governess; 6th March 2012 GRRRRRR

      Comment

      Previous Next

      View our Terms and Conditions

      LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

      If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


      If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

      Announcement

      Collapse
      No announcement yet.

      Court Claim ?

      Guides and Letters
      Loading...



      Search and Compare fixed fee legal services and find a solicitor near you.

      Find a Law Firm


      Working...
      X