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Response to Removing adverse credit as a condition of settlement
from jude adegbe (jude.adegbe@lineone.net)
A friend of mine had a joint mortgage, taken out in 1988. The other
party to the mortgage has long absconded. My friend was in negative
equity and could no longer afford to pay the mortgage so walked away
thinking that he would be covered by the MIG. A few weeks ago he
received a letter from eversheds saying that the house was repossesed
and sold and that he and his partner owed the shortfall. To cut a
long story short he decided on a settlement of the shortfall. But
when he tried to set the condition that he would only pay the
settlement if any adverse credit info supplied to the credit agencies
is removed or not suppled at all, as advised in one of the other
letters on this site, he was told by eversheds that as it was a
county court judgement record they could do nothing other than state
that it had been satisfied. As a satisfied CCJ is as bad as a none
satisfied one presumably he will have credit problems. Also how does
he know that The abbey national won't put his name on the
repossession list. And if it does, will it come off after 6 years or
12 years. And either case when will this time start?
(posted 8963 days ago)
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