Response to I&E form

I appreciate your sentiments Jessie, because it's the way most of us feel. My real point was that if you have no assets / low income then there is little to be gained for the lender by starting court proceedings. My friend successfully called the lenders' bluff, but gave them a way out in the form of a small cash offer for full and final settlement. Were you to end up in court then you would have to furnish the court with details of your total income bonuses included, as well as your total expenditure. My friend replied to this sort of threat by saying she would comply with any court instruction to reveal I & E details but she was not going to fill in an I & E form for the lender / their solicitors. Take a tip from me though, deal direct with your lender and cut Addleshaws out of the equation, it's a lot simpler and I believe you will find it easier to resolve the problem without solicitors interfering. Remember that it's in Addleshaws' interest to hold out for the maximum amount they can get, whereas the lender can take a view that it's better to settle and achieve closure since they have other criteria.

[ Previous | Next ]