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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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I had a second charge loan which was paid up in 2010 with

Customer Question

Hi
I had a second charge loan which was paid up in 2010 with Lancashire Mortgage. Although I fell behind a lot & was threatened with repossession on several occasions, I paid the loan & interest on time or there abouts.
A week or so later I got a bill for about £15,000 or so for costs & I said that, that was rediculous & that I wasn't going to pay it.
I have heard nothing for 6 years & I have just received a letter from the county court to appear.
I am obviously very worried & am taking as much advice as I can get.
Can you help?
Ian
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.

Hello Ian my name is ***** ***** I will help you with this.

Did they ever provide a breakdown please? How many months were you in arrears?

Customer: replied 1 year ago.
Hi AshI think that the most I fell behind was 4 months or possibly not that much.I feel that the extent or implications of the amount of charges & the risk of possession were not explained properly.Ian
Expert:  Ash replied 1 year ago.

when did the default occur?

Customer: replied 1 year ago.
Hi AshThe loan was over a 5 year period, I was late paying on several occasions throughout the 5 year period.I paid the loan off in 2010 so it was between 6 & 11 years ago.Ian
Expert:  Ash replied 1 year ago.

When in 2010 did you pay it off?