CCJ paid for 9 Years but has PPI on PPI Loans

[asokn]

i wouldn't just stop paying, there is a CCJ in place whatever the CRA shows and you have ample evidence of the chain of assignment;

 

if you stop paying the creditor can take action to enforce the debt such as bailiffs or applying for a charge and then sale of your property.

The creditor can at any time apply for a variation to the original order to change the payment amount so that advice is also totally incorrect.

 

implying that you need only pay for 6 years and then the CCJ is somehow satisfied, even when thousands of pounds are still owing, is entirely beyond me.

poss confused the CRA file with the right to enforce an unpaid CCJ but that is a very strange mistake to make.

 

I hope you see this message in good time to keep making the ordered payment to the creditor.

Edited April 14, 2012 by asokn

[asokn]

if it were me i would stop payment

and force their hand...

 

what HAVE you got on me marlin.....

 

NOTHING!!

 

come on then, take me court - bet they cant

 

you weren't who took the CCJ out in the first place.

so cant just jump in with a CO after 9yrs anyhow.

 

dx

 

So you force their hand and they make you bankrupt or take all of your assets or force a sale of the house etc...

 

Once the payment arrangement is defaulted on the entire remaining sum becomes due in full and is enforceable.

 

I'm sorry but the advice being given above is terrible advice, if you want to play games with the judgment creditor then do so with your own debts; don't advise a stranger to take such a stupid and unnecessary risk with their life.

 

To correct another piece of inaccurate advice, there is no limitation on a charging order application.

Edited April 14, 2012 by asokn

[asokn]

I would also appreciate it if the mods stopped editing important parts of my posts; this is far too serious an issue to the OP for the rest of us to dance around the obvious inaccuracies in the advice being given by others. I believe the primary purpose of this forum is to give good advice, the advice being given is negligent, irresponsible and would be hugely damaging to the OP if followed.

[asokn]

you have your advise to give

i have mine,

your advise it is always good, never had any issue with it & never will - i dont operate that way.

 

but try not to be personaly confrontational - there is no need for it.

 

IF marlin know about the CCJ then my advise is crass

but if they don't it's A way to go

 

sadly i've seen this before. twice now,

 

lets wait and see

but as the PPI reclaim will wipe the debt out

 

we will never know!

 

keep up the good work asokn.

 

dx

 

The OP has now had the benefit of different views on this issue and has made an informed choice. That's the aim at the end of the day so a job well done by all!