- Thu Sep 06, 2007 4:45 am
Ah. So it works like this?
1. Creditor accepts DMP; I make my payments and review at regular intervals, which could be 3 months to a year.
2. If the Creditor rejects the offer, they may apply for a Charging Order, which claims any proceeds of the house when sold.
3. ...Or they can pass the debt to a collection agency, who can in turn appl for a Charging Order, but I should not talk to them, other than to refer them to CCCS?
So should I transfer the ownership of the house to my wife, and continue to pay for the mortgage as normal.
Finally (for now!): One of my credit cards is held by HSBC, as well as my current account, savings and joint account which I hold with my wife and through which I pay my mortgage. Can HSBC affect these accounts? Should my wife take sole charge of the joint account?