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  1. For anyone interested in persuing a claim against Swift for unfair charges make sure that your account has not been closed for more than 6 years i have just been informed by a firm of solicitors that as my account was closed in 2009 then it is now "Time barred" and no court action can be brought against Swift. This despite a case i had against Swift via FOS in 2012 from which i received a small amount of reduced charges back following a fos investigation. Despite the odd court case where these unfair charges and the way the accrue the interest have been awarded to the claimant i dont see anyone ever having any real success against Swift as their t&c's are tighter than a ducks arse and are pretty much able to do what they want and the ultimate goal is to take your home at any cost.
  2. Sorry about the delay, Yes i refer to a recent Swift case where the judge deemed the charges to be unfair. It was posted in a thread in this forum but relates to another Legal site. I cant seem to find it for now so if anyone else can link to it then that would be great.Thanks
  3. Would FOS look at the complaint again as it would defiantly end up on their desk as we know what the response of Swift would be?
  4. In light of a recent court case would it be worth my while in submitting another complaint regarding the unfair and excessive charges?
  5. Just a brief outline regarding my experience dealing with Swift Advances regarding a excessive charges complaint of which involved Fos. 2005 I took out a regulated loan for £10000 to be paid over 5 years.. Regular monthly payments were made inline with the agreed amount, sometimes a day or so late. This triggers charges on the account of which also incur the same interest rate as the loan. as you can see the charges are relentless. Late 2008 i was in severe financial difficulty as i was elf employed my business was struggling. Realising the depth of debt especially with Swift following a redemption figure request i conceded that there was noway i was going to be able to repay this debt with the spiralling charges being added to the account. 2009 i lost my family home to Swift as i foolishly at the time gave up and did not fight my case in court and just assumed that no matter what i did they would take it anyway. 2012 Following media report about ppi scandal i started to look into the Swift charges and noticed i had ppi added, as i was self employed the ppi was invalid and i successfully reclaimed ppi from FSCS as the original broker had gone bust. Then i started looking more closer to the charges added to my account following a SAR request to Swift. Firstly i filed a complaint regarding excessive charges added to the account with Swift of which they dismissed with a Final response so i took my complaint to FOS. After a lengthy battle it was deemed that Swift acted appropriately in managing the account "I have not seen evidence to show that swift was not transparent about the charges or that you have been treated unfairly" is whats stated from FOS in their summing up letter. However as Swift had changed the amount they charge for some of the admin costs they agreed to refund the difference so i received a cheque for approx £900 in 2013. So it seems that despite all the complaining we do not even FOS agree that how Swift conduct their business is unlawful or done in a manner where the consumer is set to fail from the outset. For anyone wishing to know what the letter codes mean then here is an attached document. Im not sure the pdf file loaded properly in previous post. merged.pdf
  6. The ombudsman's finding are very similar those awarded to myself and would not agree that Swifts charges/fees are by any means excessive or unlawful.
  7. Thanks for the update Sofi, Try to keep us up to date as much as possible with your case as many people are watching for the outcome and wish you the best of luck.
  8. Who did you approach to get the loan? Simply ask Swift and they may tell you, It is of no financial loss to Swift if you pursue a PPi claim as its against the broker and not Swift.
  9. PPP is the same as PPi, However any complaint or claim you have regarding this can only be made against the broker and not Swift Advances. If the broker has since ceased trading then you can forward your complaint to the FSCS.
  10. PPI is not provided by Swift but by the broker and can only be claimed back from the original broker or the FSCS if they no longer trade.
  11. If your hearing is still tomorrow at 11.15am then Good Luck, Hope it goes well and in your favour.
  12. https://consumercreditlitigationanddebtcollection.wordpress.com/2016/10/23/swift-advances-plc-v-daley/
  13. PPI is nothing to do with Swift, You will have to approach the broker that set up the loan, if they are no longer trading then you can make your complaint/claim to the financial services compensation scheme (FSCS) The PPi part of all this is the easiest part in my experience.
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