Response to Shortfall Settled / Income & Expenditure Forms

In reply to the above postings. I am not a debt collector or lender just someone who was trying to help a friend out of a miserable situation so that they could get on with thier lives. I do not encourage people to complete an I&E form, I simply give details of our experience as I believed this site is here to help people share experiences, an in our case completing the I&E form helped. However if you are the the type of person who can afford to repay a a legitimate shortfall and are just trying to avoid payment then completing an I&E form is probably going to do you no good. It is up to the individual to decide taking into account thier own circumstances. We did getter a letter from the Building Society stating that the payment was in 'full and final settlement to both them and the MIG company', that my friend 'liability to the Society had ceased and thier files had been closed' and 'that they would inform the credit reference agencies that the debt had been settled'. I will email you Jessie with the name of the Society and their was no solicitors involved. We simply worked with information received from this site together with commensense.

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