Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Hi, i'm hoping one of the resident legal experts can spare a few minutes to give me some advice on my Egg loan. The account is in default and arrears but I'm at the stage of making an offer to repay. What I really want is to settle at a bit of a discount and get the default cleared off my credit file.
In terms of the agreement, one thing that jumps out to me is that there is no details of the "charge for credit" but I dont know for definite if this makes it unenforceable and there may be other problems.
Interestingly, Egg wrote to me last year offering to refinance at a lower rate which I didnt accept as I thought they would credit search me and that would have thrown up problems which may have affected my egg card limit.
Hi as you say no total credit charged also no total repayable so could be unenforceable, I am no expert on loans most of what I have been looking at is bank/ credit card charges and their agreements
Egg are a class act, this is perfect and you must resume payment immediately or risk everything at court.....
NOT
Read it, page 1 at bottom refers to Sections 6,7,8,9 .... where are those in the T&C.... errr where are the T&Cs exactly..... errr CCA S77-79 request specifically states a true copy of the executed agreement (and any document referred to).
They have not complied (as with me) with the CCA request: issue a Default notice on them - refer to my recent post elsewhere - got connectivity issues at the moment so cant give you a link.... that spells out exactly what they cannot do. Do NOT tell them WHY they are in default... they have a bunch of very expensive legal folk for that.... do it registered/recorded first class now.
Also consider, in case Egg read this, IF they do supply T&C - how do you know they were the ones originally issued???? I have seen lots of examples where a cursory glance shows they are current T&C.... this is NOT what they must provide and again fails the test....
most loan agreements i have signed were
amount of loan £1000.00
interest 100.00 admin fee 50.00
________
Total payable £1150.00 divided 24 monthly payments of £47.91
I think it might be a bit unwise to post your agreement amount details just in case the Egg spies are online.
It might be best to remove your entry and PM the details instead.
Best wishes.
Thanks for your concern. I'm fairly relaxed - all personal identifying details have been hidden and in any event I will be contacting Egg to highlight the problems and to negotiate a settlement.
Cheers
All comments are my personal views - if in doubt then seek professional advice. If you think i've helped then please tip my scales.
most loan agreements i have signed were
amount of loan £1000.00
interest 100.00 admin fee 50.00
________
Total payable £1150.00 divided 24 monthly payments of £47.91
The figures dont match because you are adding only 1 year's interest instead of 5.
Cheers
All comments are my personal views - if in doubt then seek professional advice. If you think i've helped then please tip my scales.
Egg are a class act, this is perfect and you must resume payment immediately or risk everything at court.....
NOT
Read it, page 1 at bottom refers to Sections 6,7,8,9 .... where are those in the T&C.... errr where are the T&Cs exactly..... errr CCA S77-79 request specifically states a true copy of the executed agreement (and any document referred to).
They have not complied (as with me) with the CCA request: issue a Default notice on them - refer to my recent post elsewhere - got connectivity issues at the moment so cant give you a link.... that spells out exactly what they cannot do. Do NOT tell them WHY they are in default... they have a bunch of very expensive legal folk for that.... do it registered/recorded first class now.
Also consider, in case Egg read this, IF they do supply T&C - how do you know they were the ones originally issued???? I have seen lots of examples where a cursory glance shows they are current T&C.... this is NOT what they must provide and again fails the test....
ok????
relax
Z
Thanks Zubo. I havent CCA'd them yet as the copy agreement is from my own files. I do have a copy of the terms and conditions which are on a separate piece of paper. What I basically want is to understand what is wrong with the agreement so that I can use it as a bargaining tool with Egg. Having thought about it further today, I may ask them to refinance the loan and my egg card at 0% over 5 years. Both accounts are in default so if they are prepared to refinance and remove the defaults then i'd be very happy.
All comments are my personal views - if in doubt then seek professional advice. If you think i've helped then please tip my scales.
To recap, I wrote to Egg recently for a copy of my loan agreement (unsecured loan for £15k taken out in January 2002) and whilst they did supply a copy I spotted what I think are a couple of flaws;
1. There is no "total amount payable" and no "total charge for credit" detailed in the agreement.
2. The agreement is signed and dated by Egg before the date of signature (I understand that I have to sign the agreement first)
I have pointed these issues out to Egg as they are basically pushing hard for repayment and threatening to send a DCA to visit me at home.
I now have a response from Egg to say that regarding point 1. above the requirement to show total amount of credit and total amount payable was only introduced on 31st May 2005 and in relation to point 2. it doesnt matter who signs the agreement first.
Can anyone help me by confirming whether I am correct in my stance or whether Egg are correct ?
All comments are my personal views - if in doubt then seek professional advice. If you think i've helped then please tip my scales.
Until now Verizon was unable to offer iPhone for their customer because of their network CDMA When Apple decide to produce a smart phone they close the deal with AT&T and they are using a global system called GSM, a technology more common worldwide In a Customer Report study published last month AT&T was ranked as the worst USA carrier because of the numerous problems and complaints about falling calls and losing signal especially in big cities
In the meantime Verizon was ranked 2nd best by client reports study, this and the changes made on the CMDA carrier in the preceding years might be the reason why Apple decide to sell the new newiphoneverizon com]iPhone trough Verizon Wireless Network
HELP - Is this Egg Loan Enforceable ?
loan. The account is in default and arrears but I'm at the stage of making an offer to repay. What I really want is to settle at a bit of a discount and get the default cleared off my credit file.
Reply With Quote
20/03/2008 settled in full out of court
Originally Posted by detectall
