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My wife and I have debts totalling £45k to Lloyds TSB (the CAB arranged £5 a month two years ago on each £35 a month in total) These are 3 credit cards and 4 unsecured loans All was well on keeping up payments and still would be but I have had a letter saying they want to review the payment. Is it just likely to be that or in the light of charging order legislation is it more sinister.? A little about us The reason I fell behind is my health and I an now barely able to walk or use my hands and I am getting worse and my wife is to put it kindly "confused" and suffers from athritis we are 68 and my wife70. Last year we tookout a lifetime mortgage(or equity release) to pay of our interest only one and get some things to make the house more user friendly. That was £50k from Aviva. I don't like owing this money to TSB but I could not raise any more capital and we live on pension credit and attendance allowance. So are Aviva the main priority debt and able to tell TSB where to go or not? Am I just a silly old man who is worrying to much? I would be very grateful for your help and advice. BTW the last loan was given to my wife at 68 years old(with no income) £13,000 and a credit card with a £2,500 limit. Like fools we spent that to survive as our health was making it almost impossible for me to work.
