Hi y'all, Wish i'd known about you some years ago, i cld have spun some interesting yarns about NHL, who i'm still with. I fell into difficulties with NHL during the early 90's recession and naively took out a 2nd mortgage with Swift to try and save the day. The prospect of imminent park benching propelled me to stupidly sign the first offer i was made. Needless to say i eventually ended up in court on several occasions and have managed to remain in situ. As Swift have been the fairest and most helpful during my problems, i rarely had cause to delve deep into our relationship......Until we ended up across the Judges table. My advance was in the region of 3,500 pounds. Only when the Judge asked, I heard for the first time that I would end up paying back something in the region of 18,000 pounds and the interest was being levied at over 30%! to which the Judge exhaled a short, sharp laugh !! It's also interesting to note that when eventually interest rates came down, Swift's did'nt. ........but when they went up for a short time, Swift, swiftly matched the rise but failed to reduce again in line with this years low rates (notwithstanding recent announcements, watch this space!) I've only come to learn of the Time Order instrument today (1/10/99) but have read something a few years ago that suggested that there was little chance of a Judge varying the rate unless it was outrageously excessive. In your oppinion, is it worth trying? I have another year b4 my credit is clean again and then i'm off mate!(posted 8973 days ago)- APPENDIX -
Your a good man, when i had to fight for my house i literally had to go to my library and read thick law books to find i was able to apply for a suspension. The Bailiff's office never advised me nor did they have any leaflets suggesting poss options, but they had plenty on how to screw people. So now i'm first in line to offer advice to friends in difficulty and hopefully i think i've managed to instill hope in a very close friend of mine who thought he wld go bankrupt, he thought there was nothing he cld do but borrow more - not now. To anyone who thinks they are facing the streets, i say always but always go down fighting, you'll probably surprise yourself. And if they're using dirty tactics, use some back yourself, in most cases your problems can be solved if you had more time (read b'tween lines!) I've gone on, i know, i'm sorry, keep up your sterling efforts. Mike.