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I am still waiting for the fos to deal with my request to sort my misselling issue with HFC. I the loan is still active and i still owe an considerable amount which i pay monthly. However, it has got to a point where i'm struggling to pay the full amount monthly but does anyone know where i would stand or what action HFC would take if i stopped paying or reduced my payment until the matter is sorted out by the FOS?
I honestly have no idea but its worth a try. Also you could ask HFC if you could make reduced payments til it is resolved. Will you be able to make payments if you win your claim?
With reduced payments I dont know if that means they can put a default on your credit score hopefully someone in the know will read this thread and advise.
I am not an expert this is my opinion but I would contact the fos and see about fast track and also talk to HFC ,depending on what reduced payments would mean to your credit file and what you want to achieve and what you want to avoid eg default.
Im sure a cleverer person than me will add their bit soon.
looks like they has "problems" between jan 05 and may 07 when did you take out your loan/whatever?
HTH (Hope This Helps) RDM2006
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All advice and opinions given by people on this site are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.
However, if you have found any advice you have been given helpful.
With reduced payments I dont know if that means they can put a default on your credit score hopefully someone in the know will read this thread and advise. This could be the way they would go as has happened on other threads where people on debt management plans have asked for return of PPI only to be hit with we want all our money back or we will take Court Action.
I am not an expert this is my opinion but I would contact the fos and see about fast track and also talk to HFC ,depending on what reduced payments would mean to your credit file and what you want to achieve and what you want to avoid eg default. I would agree with the advice to contact the FOS. Also if HFC do decide to default you I would most certainly notify the Office of Fair Trading, The Financial Services Authority to inform them that HFC have taken retaliatory action against you because you are reclaiming mis-sold PPI.
Im sure a cleverer person than me will add their bit soon.
check sticky's above hfc have already been fined for misselling of ppi
looks like they has "problems" between jan 05 and may 07 when did you take out your loan/whatever?
As rdm states if your PPI was sold within the dates Jan 05 and May 07 then you are on IMO an automatic winner as HFC as rdm points out have already been fined by the FSA for mis-selling PPI between these dates and have been fined over £1m. The fact they have been fined I believe gives you more leverage that they also mis-sold to you.
Good luck and do not accept fob off letters on standard templates which seem to be the defence used by a lot of banks as a means of defence to their illegal actions (alleged illegal actions just to be on the safe side of the law).
aa
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
thanks for your advice guys, the loan was taken out in 2003. I spoke to the fos and their only advice was to keep paying until they had sorted the complaint. My complaint has been with them since April this year an its still not been passed to an adjuticator!
I'm already on a reduced payment plan with hfc with the loan and in arrears. Because my loan was taken out in 2003 will this haveva difference?
There will be no difference what year it was sold, if the fos find it was mis sold. Its just that if it had been the years that they were caught mis selling HFC probably would have admitted mis selling and you wouldn't be waiting for the FOS to sort it out!
Hfc
to deal with my request to sort my misselling
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