I had a house repossessed in 1996, well actually I handed the keys into the building society and said 'write to me'
So they did, 3 years later. £14,396,63 shortfall in sale price against mortgage owed.
I wrote back and explained that as it was a joint mortgage, I only owe half this amount.
An agreement was made between me and them in July 2009 that I pay £5 a month off my 50% of the debt.
So I've been happily :-( paying £5 a month for the past 13 years
If I default on payment, I may be liable for the total amount.
Yesterday I get a letter.
"It's been 3 month since we contacted you about the £13,252,33 debt you owe us.
Therefore we may take further action to recover the arrears and may apply the 8% court rate of interest on this balance."
The letter also stated that
"Your repayments have been sporadic, so your immediate correspondence is required so we can arrange for the total of this debt to be collected by ourselves."
Whoa, back off. I'm like straight on the phone to them.
Apparently, certain cases have been moved from the London office, to the Plymouth office.
Copies of agreements and such, between the society, and customers hadn't.
Hence I didn't receive there letter 3 month ago. If I had, I would have posted this 3 month ago.
£13,000 is a very large sum when you don't earn that much.
I've still got my original letters of an agreement with them from 1999
So, all I've got to do now is fill a means test form, and post it within the next 14 days.
I've also done some maths.
I've paid £780 in the last 13 years.
My Ex has paid £360
That's not a problem, an agreement is an agreement. I've stuck to mine.
And I can't see my payment increasing in the near future. I can't afford more.
Reason for this post. If you find yourself in debt, agree a payment plan, regardless of how little.
Stick to it. Keep correspondence, and don't let them grind you down.
Get a job, buy a house, see the gov rip the floor and job from under your feet, pay the repercussion.
Me, vote Tory
Don't think so .. .. .. ..
