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Owe money on secured loan

2 replies

NeatScroller · 07/11/2024 16:31

Owe £22,000,£11,000 of this late payment fees and interest, had arrangement in place,but they're now telling me that the amount needs to be paid now as this should have been paid for in 2019,I obviously don't have this amount of money to pay it off, I've been in contact with stepchange and CAB, now the company has emailed to say it's going to litigation, I know that this is my fault the arrears have happened, won't go into reasons as to why (ex partner!!)what I would like to know is will I lose my home?I'm upto date on mortgage payments, and what happens now?

OP posts:
LIZS · 07/11/2024 16:43

Is it secured against the property? They might put a charge against it if court agrees.

NeatScroller · 07/11/2024 17:03

I think so yes, when this was taken out I was with ex partner and stupidly I just signed where I was told unfortunately 🙄

OP posts:
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