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Settlement with the Halifax - After 4 long years

from Kaveh (none@none.com)
After 4 long years of fighting against the Halifax my partner and I have finally managed to reach a settlemtn.

The Halifax began by demanding £17,000 for a shortfall that we were allegedly liable for. After months of correspondence asking Halifax to prove this debt (and months of Halifax failing to do so) we have come to a reduced figure of £3,500. This will be paid in £10 monthly installments for the next 4 years and then be reassessed.

The Halifax broke too many rules in this case and I had the evidence to prove this. They refused to answer questions, undersold the property, added large costs to the completion statement, broke the Data Protection Act, broke the law by sending mail regarding my partners case to an third party knowing that this third party might be able to track down our new address and much more!

We told them we would not pay the full sum and that if they wanted us to go to courts we were wuite happy for them to take us and pay the fees. OUr solicitor even advised we let them take us to court.

They tried fighting and fighting but we never backed down or gave in.

We finally set the final settlement so that we could get on with our lives.

I do miss the £10 a month and am glad to have the Halifax out of my life forever. I cringe when I see their tacky little adverts on the TV now!

My partner and I would like to thank everyone who contributed advice on this site as without the advice from the site we would never have been able to acheive this settlemment.

I hope everyone who is battling against the banks and building societies manages to resolve their cases.

Good luck to you all and thanks again.

(posted 7540 days ago)

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