GE Money

[mrsm25]

Hi all

I'm not sure if I'm in the right place for this but here goes….

 

We have a secured loan with GE Money.

 

Due to my husband having an accident and no longer being able to work we have fallen into arrears, several times,

 

usually by 2 or 3 months at a time,

 

each time have incurred charges etc and threat of eviction.

 

Each time I've been able to get up straight before the unthinkable happens,

 

but I'm now wondering if I can reclaim all these charges, penalties etc.

 

I know you could, but I don't know if this is still applicable.

 

Also,

 

can we really be evicted over arrears of £1500 if the house we live in has £200,000 equity??

 

seems very harsh to me,

 

but I've always managed to scrape the money together without seeing if they actually go through with it

[dx100uk]

hi and welcome

 

you most certainly can reclaim the PENALTY charges.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?296108-Hot-news-for-anyone-who-has-suffered-mortgage-arrears-charges-irresponsible-lending-or-other-unfair-lender-conduct

 

dx

[mrsm25]

Thanks for that

Are there any letter templates on here as a starting point?

[renegadeimp]

I very much doubt any judge would evict you over 1.5k of arrears. Of course, this all comes down to the history of the account and the judge on the day, but i would say it is very unlikely.

[sequenci]

I very much doubt any judge would evict you over 1.5k of arrears. Of course, this all comes down to the history of the account and the judge on the day, but i would say it is very unlikely.

 

The amount of the arrears has nothing to do with it.

 

A judge will grant the eviction unless it is possible to set up an arrangement to bring the arrears up-to-date over a reasonable period of time.

[dx100uk]

Thanks for that

Are there any letter templates on here as a starting point?

 

you need all the statements have you got them?

sar time if not

 

is the first hurdle

 

dx

[PaulW922]

GE Money are just plain nasty - I reckon that there are a lot of people there who enjoy saying 'no' and making your life hell. I got money out of GE Money but it took years and it wasn't a huge amount (my loan pre-dated the FSA regulation of secure finance so I could not go to the FOS). Be ready for a battle.