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Response to Repossession on unsecured loan?

from Mark O'Keeffe (markokeeffe@lineone.net)
They can, but it would be a very long process and (probably) in most cases it is almost impossible.

You would have to have a County Court Judgment awarded against you, then the creditor would have to apply for a Charging Order (firstly nisi, then absolute). Once this is done the court may make an order to force you to sell up, but if, in the meantime, you offer to pay (make the offer to the court) they will suspend other action.

Hope this helps

Mark

(posted 8805 days ago)

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