Hi All,(posted 8489 days ago)Can someone please give me some advice?
I bought a house in 1994 in what was a very nice and new housing estate.
Anyway I paid my endowment mortgage interest until I went to Australia to live in 1999. I rented out the house and all was well.
Anyway, my tenant stopped paying the mortgage and b4 I knew much about it I was nearly £2000 in arrears. I had to come home from Australia to sort out the mess.
When i got home my tenant had trashed the place, removing all fittings, carpets and generally left the house ruined. She even took the gas fitting for the cooker leaving gas pour into the property.
The Police couldn't do anything.
I couldn't pay the arrears on the house, so I had to have it re-possesed. Halifax were not going to wait.
I found recently that the house was sold at auction. I don't know how much for.
Anyway I now have a debt collection company chasing me for over £19,000.
I certainly can't afford to pay it. Even if I paid them £20 per week with no interest, it would take nearly 20 years to pay them off.
I am working at the moment, but as I have to pay rent I don't have a lot left to live on at the end of the month.
I know the Halifax won't let it go but what are the implications for me. Can they take money from my wages automatically?
I can't go bankrupt because I will automatically lose my job (in my contract).
Can they send me to prison?
I am thinking of moving abroad, but some posts in here show that they still find you.
Any advice would be very helpful. It may even let me have a decent nights sleep.
Thanx
KJ