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.
with these mick mouse car finance agreements from the likes of welcome finance.
even though you are not told of this, the payments are front loaded, that is all payments paid up front by the finance company. they then hit you with the high apr for max profit
again they dont tell you this but you can cancel with in 30 days.
as i see it, the remaning premiums should be credited back into your account, and the remaning balance on your finance agreement adjusted to take into consideration the extra payment.
this will be done by signing an agreement that varies the original.
welcome allways use the excuse that as the payments were front loaded, paid up front, this cant be done.
any imput on this,
the agreements they use cant be cancelled as the norm as done on trade prem
just trying to get to the bottom of this con to help people on there ppi claims
Picture do the front loading as well. My PPI cost £19000 and if I cancel now 1 year later they will refund £2100 to the loan and payments go down £20 a month.
Picture do the front loading as well. My PPI cost £19000 and if I cancel now 1 year later they will refund £2100 to the loan and payments go down £20 a month.
as i see it, the remaning premiums should be credited back into your account, and the remaning balance on your finance agreement adjusted to take into consideration the extra payment.
this will be done by signing an agreement that varies the original.
welcome allways use the excuse that as the payments were front loaded, paid up front, this cant be done.
This is the story with a lot of reclaims. IMO the way forward is to obtain all the data and paperwork and sift through and then go for the reclaim bigtime if you believe you have a sound case.
Much the same story with me and the RBS. I found out about mis-selling cancelled the PPI got a refund probably less than a third of the premium after less than a year, the premiums dropped but not as expected and I am still paying the interest on that PPI premium for the next 4 years.
Time to reclaim the full amounts of PPI as added to the loans and including the interest added to the PPI (their APR figures) and the 8% Statutory interest that would be allowed by the County Courts.
It is important to keep on with the claims for PPI plus the PPI interest and the Statutory interest as well. (or even the Contractual Interest they have charged)
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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.
Front Loaded Ppi Payments
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