Hello, I am new here and looking for some advice regarding charging orders,
One of these is from Advantage finance, from a car finance that I VT'd and was left with a shortfall, subsequently they got a Ccj for £4900 and a Co, this comes from a time when I was severely depressed and had my head buried way deep in the sand and I never defended it, I just binned letters hoping everything would go away.
I'm now trying to sort everything out and have tried to negotiate a reduced settlement offer but the solicitor dealing with it won't budge and the balance has risen to almost £6000 as they are adding daily interest.
I got of copy of my Land registry document and it shows only an interim charging order so I'm assuming the final order was rejected somehow, also note its a joint mortgage and this debt is only in my name.
So my questions are..
Are they allowed to add interest, post judgement on a debt less than 5k for something that was registered by the FCA
Are they likely to accept a reduced offer given that the bulk of the Ccj amount was interest left owing from the original agreement?
I'm worried if I leave this alone with the interest they are adding eventually its going to eat up any equity I have in my home.
Any advice much appreciated,
Thank you