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Response to settlement negotiations - can I say what advice I've had?

from Lee (repossession@home-repo.org)
Hi Mel,

I agree with sharky_john here. That the Halifax is insisting on seeing a financial analysis suggests that they currently do not feel that you are immovable about wanting to see evidence that the Halifax acted responsibly. Halifax are still in an early negotiating process, where they put the pressure on you.

You need to take the lead here and politely, firmly and continuously insist that Halifax come up with docs, proof, explanations. There is no other conversation that needs to take place until you are happy with the Halifax's responses.

Read the Lender's Letters section at http://www.home- repo.org/reposses/repletts.htm. As you see how the correspondence developed over time you can see various people learning to become firmer and to narrow the focus to the lender's responsibility.

Do not agree to a monthly payment. Doing so establishes that you are no longer questioning the lender's claims and the Halifax will likely come back to you looking for the payment to be increased in a year or so.

Having your alleged debt referred to a debt collector is a good thing - it means your approach has begun to eat into the profits the Halifax hopes to make out of you. Having your alleged debt referred to an external solicitor is functionally the same thing because the solicitor is usually just acting as a debt collector.

Please read the Do's and Don'ts section and the Repossession section in depth.

Good luck!

(posted 7549 days ago)

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