it started with the Woolwich!

[macushlamoon]

Hi all

I am in need of some advice.... it may be a long shot after all.

Here's the story..
We took out a loan from the Woolwich for £12.000 in 2001, we took out protection on that loan against redundancy/sickness etc.

My husband was made redundant, we had already paid off over half of the loan, leaving just over £5.000 to pay, but the Woolwich would not honour the protection because we had just missed a payment.

Anyway to cut a long story short.. the debt was sold on to Heatons who took it to court for the total sum of £13.500, £1,500 more than we had originally borrowed and had added a whopping £8,500 in interest charges.

We didn't contest this at the time because my husband was suffering with depression, so we let it go to court. We pay them monthly £20, after a huge fight to get it reduced from £300 a month.

Does anyone know if it is at all possible to get these interest charges removed, as personally i think them excessive! and it is prolonging our debt. without the interest charges we would only owe £2,800 and could get that cleared.

Thanks in advance for any help.

[paulwlton]

Originally Posted by macushlamoon

Hi all

I am in need of some advice.... it may be a long shot after all.

Here's the story..
We took out a loan from the Woolwich for £12.000 in 2001, we took out protection on that loan against redundancy/sickness etc.

My husband was made redundant, we had already paid off over half of the loan, leaving just over £5.000 to pay, but the Woolwich would not honour the protection because we had just missed a payment.

Anyway to cut a long story short.. the debt was sold on to Heatons who took it to court for the total sum of £13.500, £1,500 more than we had originally borrowed and had added a whopping £8,500 in interest charges.

We didn't contest this at the time because my husband was suffering with depression, so we let it go to court. We pay them monthly £20, after a huge fight to get it reduced from £300 a month.

Does anyone know if it is at all possible to get these interest charges removed, as personally i think them excessive! and it is prolonging our debt. without the interest charges we would only owe £2,800 and could get that cleared.

Thanks in advance for any help.

I would recomend making a CCA Request as well as a Subject access request you need to find out what charges have been applied to the account.

Paul

[Percival Wigglesbottom]

You would need the ccj set aside because of the illegal charges.

Get a copy of your credit file ( experian , equifax) , obtain all information regarding the ccj contained therein. Also write a letter asking the court to send all of the details they have against you regarding your CCJ. You need your subject access information as stated.

Do you have medical reports/evidence of husbands depression at the time ? Perhaps you could argue you could not attend on medical grounds also.


You will need to request form N244 .

Here is a link that answers a few of your questions.



http://www.consumeractiongroup.co.uk...bout-ccjs.html

[macushlamoon]

many thanks

i will definately look into that...

and yes, we have medical proof that my husband was under the GP at the time for depression, and was on medication.