Hi, My wife finished the Mortgage off around 5 years ago, but her mate had also taken out a secured loan, in both their names in 2004. Me and my wife have just paid it off (Swift Advances), otherwise we would have paid the original amount about 3x.
At this moment in time, no I do not know where she is, but I will have to probably pay to find her.
When I found her myself last time which is around 7 years ago, I informed MCE Portfolio, and Also Swift Advances (Secured Debt) of her new address and her workplace.
When she upped and left in 2011 I also contacted the police, etc., they came to see my wife, and said there's nothing they can do, unless she takes out anything else on the address in both their names after she had left etc.
I have to deal with it all, because its making my wife ill, she put £10k down originally from a house she owned in the 80's, to purchase the one we live in now in 1988/89. The friend was kicked out of her parents, my wife put her up at her mothers, then put her name on the mortgage to get the house back then. my wife has been kicked in the teeth so to speak.
The MCE Portfolio letter reads;
Account type: Unsecured Loan, 60 months, etc.
Closing balance £3021.41
No contractual interest is payable on the amount outstanding
Interest is however accruing on the sum outstanding under the Charging Order obtained against you in respect of this debt, and will continue to accrue, at the rate of 8% per annum.
Thank you all for taking the time to reply, etc., Means a lot, when you don't know where to turn.