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.
I have a query regarding an Egg loan I have. I took out an Egg loan a couple of years ago and about 18months into the 60 month term I went into default - due to major business problems.
The debt has been bounced around a couple of different Collection Agencies - I am currently paying off £75 per month.
When I took out the loan I foolishly took out PPI cover. This was c.£700 and this was added to the principle loan. Five months ago I wrote to Egg suggesting that because I was only 18 months into a 60 month arrangement I felt that some of the PPI sum should be credited to the account. They wrote back (late!) saying that they would offset c.£40 because "the PPI policy is weighted to the early part of the 60 month term because it is the time of highest risk."
They also suggested I should write to the Financial Ombudsman if I was unhappy with their ruling. Is this the best way to go?
If any of you have any other suggestion they would be greatfully received!
Firstly you need to check if it was in anyway mis-sold there is very good info here to do that if it was mis-sold send a S.A.R to Egg to get all the info on the LOAN and PPI.
Egg Loan PPI
loan I have. I took out an Egg loan a couple of years ago and about 18months into the 60 month term I went into default - due to major business problems.
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