Thread: Help With Challenging FirstPlus (They Took £17K From Us)

Welcome to the site.Sorry for the late reply.
I am moving your thread into PPI forums where you can read lots of others with the same threads and hopefully get some more info and advice for your own situ.

Originally Posted by amdmlivingstone

Hi Everyone - I am a newbie to this site.

I had a FirstPlus loan (Joint) which we entered into in 2004/2005. Shortly afterwards we put our house up for sale we got an offer for it, but we had to move into rented accommodation because we had no where else to go. We made £17K profit on the sale of our house and we were going to use that money to pay of some other debts and a deposit on a new property.

FirstPlus told us that since we sold our property and had not yet found a new one, our loan was therefore unsecure and they demanded that we paid in full. We assured them that we would be purchasing a new house with the profit we had made on the sale of our old place. When they discovered that we made £17K they made us sign an affidavit for the money to be held with our Solicitor until the sale of the property went through.

After the sale of our house, the money (all £17K) was released to FirstPlus. This caused a great problem to us as we were no longer in a position to buy a property, our other debts remained outstanding and we finally entered into a Trust Deed.

As you can imagine, we were a bit annoyed with loosing £17K . Our loan was conducted over the phone and we can not remember if we were charged any PPI and we never received a copy of our Credit Agreement to sign and return.

If I applied for a CCA and discovered that the credit agreement wasn't signed, do you think I would have a case against them - Even for the £17K?

Thank you

Hello and welcome to the site

The first move I would be to make is sending a Subject access request to first plus. You will find the template letter in the ppi stickies, copy, paste and amend to your details, send this recorded delivery, with your £10 fee.

They have 40days to comply and send you this information.

Full S.A.R - (Subject access request) for ppi

As regarding the copy of your credit agreement, there is a letter that you can send them requesting a true copy under section 77/78 of the consumer credit act 1974. This costs £1 and they have 12 working days to comply.

Creditors and DCAs - Letter Templates & Budget Planner

You need letter N

Keep all receipts and letters in a file.

You can check on the royalmail website to track your letters and get a print of the signature.

Get these letters sent of asap, when you get info, come back and let us know

Hi Hellhasnofury,

I've posted off my SAR and CCA and I also added a 3rd letter requesting that they return the £17K back to us as we were made to feel bullied (under pressure) to given them our money. I also stated that I am prepared to take them to a county court should they not comply.

I'll keep posting.