Idem servicing

[stuffthebanks]

Re: Idem servicing

Affordability is key. So no they need to go to court to increase it but because it's a high amount, you might not be able to afford the repayments and if they don't verify affordability you *could* end up in severe hardship and thus get compo from them.

You don't need to do anything if you're happy at £150pm. You can, if you wanted, consider a F&F to get rid if you had 50% to settle with....

Top man Nidd's....thanks for the reply mate...

So would i need to fill in the income and expenditure form, having read through it again, they do say they need to assess my ability to pay, 3 months initial fixed at £150.. and on them working out from my I& E form they would fix for 12 months.

If the court fixed at £150, and i can prove from my current situation that its too high, would i then actually be able to pay less per month.

Sorry to sound so dim on this one mate, its just the charging order that spooks me.....

I would love to be in a position to make an offer Nidd's....not gonna happen though, not unless i have a rich benifactor somewhere, or i win the lottery....

Thanks again mate, i appreciate the advice very much.

[Never-In-Doubt]

Re: Idem servicing

Affordability is key. So no they need to go to court to increase it but because it's a high amount, you might not be able to afford the repayments and if they don't verify affordability you *could* end up in severe hardship and thus get compo from them.

You don't need to do anything if you're happy at £150pm. You can, if you wanted, consider a F&F to get rid if you had 50% to settle with....

[stuffthebanks]

Hi all, hope things are ok with you...
I have a debt that was originally with Mint, it went to court, i was very inexperienced back then and ended up with a CCJ and charging order on my house.
It was set at the hearing that i should pay £150 per month on the debt, which then stood at £18000, and the judge made it a condition that provided that amount was paid each month the charging order would not be enforced.
I have been paying that amount for some time now, over 6 years in fact, never missed a single payment.
Arden were the collection agents for the last few years, however i recently received a letter from a company called Idem servicing who advised me that they would now be acting as collection agents for the debt.
The debt now stands at just over £7000.
I have cancelled the standing order with Arden and the new order set up with Idem for the amount of £150 per month.
I have today received another letter from Idem saying they accept my offer of £150 per month, but have said they would review after 3 months.
They have also enclosed an income and expenditure form for me to fill in.

My question is, if anyone would be able to help, is:
If the original judgement was for £150.00 per month can this lot change the amount i have paid since the original judgement?

I have no correspondence from the court who gave me the judgement.
I am wary of this one simply because of the amount and the fact it has a charging order attached.

Any advice will be most welcome.

Thanks

Steve