I HAVE RECEIVED TODAY AT MY OLD ADDRESS A NOTIFICATION OF REQUEST FOR ATTACHMENT OF EARNINGS WITH AN I&E FORM ATTACHED TO IT FROM THE BANK (THIS IS FOR A LOAN NOT A MORTGAGE) DO I HAVE TO FILL IT IN OR IF I DONT CAN THEY JUST TAKE MONEY STRAIGHT FROM MY WAGE WITHOUT KNOWING WHAT I PAY OUT? PLEASE HELP. THANK YOU.

-- TIMMY (TIMMY12@EUROSEEK.COM), October 29, 2001

Answers

Make sure the AoE form is stamped by the court for starters.

If it is then you should fill out the I&E forms. What the AoE office will do is see how much your income and outgoings are and set a limit - for example if you earn £150 per week and your outgoings come to £100 the AoE office might set your limit at £120. This means that the lender cannot touch anything you earn under that £120. The remaining £30 I am not sure if the lender gets the lot or a portion of it. But that is generally how it works.

If for any reason your outgoings go up, then you can have a reassessment.

Also, you can appeal against the AoE. If for example, you're likely to get problems at work because of it. If you can agree with the creditor that you'll pay X a month and you keep to it, then you could avoid an AoE altogether.

-- pendle (pendle_666@yahoo.co.uk), October 29, 2001.