2009 Natwest/shakespeare charging Order - now drydens chasing

[Myfamily]

Hi All,

 

Got a problem with Shakespeare Putsman.

 

Had a loan with natwest around £30k.

stopped paying and account defaulted in August 2008.

Shakespeares took us to court and got a chargin order, (i cannot remember excatly when)

 

 

we made arrangements started at around £100 which we mainatined for quite a while then we wrotea and asked for a reductions gradually and our last amounts was £20 per month.

 

Last payment was in May,

I have had so much going on in recent months,

that I had to use every penny I could,

they have now written to me and want me to contact them by today!

 

They say that I have failed to maintain payments (which I admit I have!) and they want me to clear the arrears immediately which is around £60, I just don't have right now.

 

 

To be honest I have 4 payments for loans credit cards etc and shakepseares were getting £20 per month while the other got £10. so £50 for all per month

 

 

I was thinking recently of reducing them all to £1 per month for a while till I can get myself up to date with everything else. I am behind in my council tax again, as well as utitlity bills which I know are priority.

 

I checked my credit report and 2 of my defaulted accounts have now fallen off my credit report, both happen to be Natwest. This one for the loan and small amount for a credit card which I am paying moorcroft for.

 

Now shakespeares are threatening that "their client will consider further action" if I don't contact them.

 

"if you are in any doubt as to the effect of this letter, we recommend that you seek independant advice"

 

it sounds like they want to enforce the charging order??

 

Can anyone advise,

does it make any difference that this account has now come off my credit report.

What can they do?

What Can I do?

 

Any advice would be great,

I really don't want to go back to court

I can't afford these payments at the moment,

the other have no charging order etc

 

 

I'm not too worried about them but Shakespeares make me a bit nervous!

[citizenB]

Ah.. they have a charging order on this debt ? I think this becomes a priority debt once a CO is in place - however you cant allow your council tax to fall behind.

 

I will try and find someone who can help.

[Myfamily]

Oh dear! Just had a lot going on in the last few months, soo stressed could reallt do with out this!

 

Thanks Citizen, appreciate it

[Ell-enn]

Hi there, it might be helpful to complete a budget sheet to show exactly what your financial situation is before we decide what can be done to help - I have affixed the budget sheet we normally use, it calculates automatically as you fill it in.

 

Mortgage, and council tax are you main priorities, as are any county court judgements.

 

When you received the order from the court following charging order - was there a monthly amount specified on it ?

 

Any other debt which is not secured or subject to a court order is not a priority and you should be asking them to accept token payments while you get back on your feet (we can deal with those letters later).

[Myfamily]

Hi Ell-enn, so glad to hear from you!

 

I will fill out this form asap, do you want me to post it here, or e-mail to you??

[Ell-enn]

If you don't want to post it here you can email it to me

[Myfamily]

I think it's o.k. here, nothing personal on it really

 

Thanks again Ell-enn!

[Myfamily]

I've put our earnings in other income, as there was no section for earnings

 

oh and sorry on the charging order documents form the court there was no amount that we were ordered to pay.

[sequenci]

You could apply to the court to 'vary' the judgment to a lower amount. You could also consider adding a condition - such as no further enforcement - on the proviso that you stick to the arrangement.

 

The further action they mention is likely to be an order for sale, in reality these are very rare and nigh on impossibke if the proeprty is jointly owned with children living there.

 

Seq.

[Myfamily]

Thanks Sequenci, I will dig out my paper work and see if I can find any more info. I would rather sort this out direct with the solicitors though, I don' really want to do court again, it was stressfull this year going to court and I really can't handle it again!

 

Ell-enn - any thoughts on my budget sheet that I posted??

[Myfamily]

Well, I have now written to Shakspeares with a copy of my budget sheet.

 

I apologised that I was in arrears but not in a position to settle those arrears, have explained all of my financial and personal circumstances and asked them to accept £10 per month, so fingers crossed. Really stressed out, lots has happened this year, and I could really do with out a visit to court!

[Myfamily]

Hi Everyone,

 

Well it took them a little while but I'm very happy to report that Shakespeares have accepted my reduced payment offer of £10 per month, so feeling very relieved

 

I have reduced my other creditors to £1 per month as they are non-priority. So hopeflly this will help me get my life back in order.

 

I have checked my noddle and my husbands noddle and this account is no longer on our credit file, i think it dropped off at the end of July, but even before that this must have been a ccj and that is not showing either - what does this mean?

[citizenB]

If the default is over 6 years old, then this is probably the reason. Noddle is not a reliable barometer from what I understand - do you know which of the other CRAs, NatWest uses ?

 

You could check trustonline for the CCJ record - I think it will cost you £4.00 - http://www.trustonline.org.uk/search-yourself It is my understanding that they are only recorded for 6 years on this and is very accurate.

[Myfamily]

Hi All, Just have a quick question about this. The default has definatley come off my credit file and I checked trust online and there is no record of a ccj in my name or hubbys name. I missed a payment last month and shakespeares have sent a reather threatening letter, just wondering what can they actually do now?

[renegadeimp]

If you maintain payments. They cant do anything. The CCJ is still active, just after 6 years it isnt on your file.

[Myfamily]

But that's the thing there was never a ccj registered, I checked before it would have been 6 years, they do however have a charging order.

[Myfamily]

Hi,

 

I've probably posted this in the wrong place, sorry if I did, please move if necessary.

 

I have received a few letters recently from Drydens re an old debt (default date 31/08/2008) and no longer on my credit file, but I believe I was paying until sometime approx. 2 years ago, the payments were to Moorcroft.

 

So now Drydens have been writing to me asking for payment.

 

but I have questions.

 

This is no longer on my credit file, but I have made payments up till approx. 2 years ago. but it also went to court and Natwest (original owners) got a charging order. - should I have paid?

 

I have looked on trust online and it does not appear there, there's no CCJ or orders or judgements at all! but I also don't understand the entry on my land reg document.

 

** Equitable charge created by an interim charging order of

the Woolwich County Court dated ** ****** 2009 in favour of National

Westminster Bank Plc.**

 

Can you help?

[dx100uk]

who are drydens stating is their client.....

[dx100uk]

old and new threads merged

please keep to one thread per issue.

renamed and moved to legals

[Myfamily]

Oh I have asked about this before - I couldn't remember, yes it was with Shakespeares sorry not Moorcroft.

 

They say their client is Natwest.

[dx100uk]

AFAIK there is no need to pay anything on a CO

as that's just the CCJ's security.

 

 

p'haps they want to fund their holidays off you?

dx

[Myfamily]

but they've sent me an income and expenses form and said that there's no payment arrangement in place to pay this off and they look forward to receiving my proposals!

[dx100uk]

so?

 

 

did they judge order you to pay anything when he granted the ICO?

[Myfamily]

Not as far as I remember No.

 

but I'm confused as to why it doesn't appear on trustonline, and is the entry on my land reg correct?

 

I assume I will still have to pay this eventually even thought it's not on my credit file?

[dx100uk]

if you re-read the now merged thread its already been explained?

 

 

CCJ 's only show on public records for 6yrs.