[ Post New Message | Post Reply to this One | Send Private Email to steve barry | Help ]

Response to Lifestyle Report - am I legally required to answer?

from steve barry (steve.barry@ntlworld.com)
Hi, Thanks for responding. This whole thing seems distinctly "not quite right". First, Coventry BS contact me after nearly 6 years regarding settlement. They threatened legal action, which quite honestly I would have welcomed as I believe I have a good case for getting the debt substantially reduced, based upon underselling of the property, the society's unreasonable demand for a £400 per month payment to avoid repossession (I was unemployed at the time) and the length of time involved . Now they sidestep legal action by passing the case to a collector. The collector says that if I do not return an I&E statement, they will send an agent to my my address, to (quote) "obtain the information, including documentary evidence", which seems to me to be at the very least an invasion of my privacy. To complicate matters, however, I now have assets from my late parent's estate, which I do not want the BS to get their hands on. Not greed on my part, I would be happy to see the end of this after more than 6 years, it was their wishes that Coventry BS would not profit from their death (there isn't enough to satisfy the full debt at any rate). This leaves me unsure as to whether I should take advantage of the lack of legal obligation in an I&E statement from the collector, and inform them only of my earnings and see how much Coventry will reduce the debt voluntarily (they have already intimated they are willing to do so) or whether I should chance my arm and risk being made bankrupt/sued whatever for the whole lot. Once again, thanks for responding, sorry for the lengthy reply.

Steve

(posted 8045 days ago)

[ Previous | Next ]