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 credit agreement 2006 unregulated.
This is for a loan that includes the PPI. It is set out like this
Loan amount : £63000
PPI Amount: : 15000
Total amount of credit:£78718.50
Total loan amount £78718.50
monthly interest rate: 0.639%
APR 7.9% variable
Monthly repayments £590.35
300months repayments
I would to know:
Should there be a total including interest on the PPI?
Should there be seperate monthly figure for PPI?
Should I have had to sign for the PPI as a seperate agreement?
Or are the rules different for unregulated loans?
I have a credit agreement 2006 unregulated.
This is for a loan that includes the PPI. It is set out like this
Loan amount : £63000
PPI Amount: : 15000
Total amount of credit:£78718.50 Firstly where does the extra £718.50 come from is it perhaps fees for handling the account?
Total loan amount £78718.50
monthly interest rate: 0.639%
APR 7.9% variable
Monthly repayments £590.35
300months repayments
I would to know:
Should there be a total including interest on the PPI? I believe the answer to this is yes
Should there be seperate monthly figure for PPI? Again I believe the answer is yes as it is a multiple agreement the costs should be shown separately.
Should I have had to sign for the PPI as a seperate agreement? Yes as this is a multiple agreement my understanding is they cannot tie in PPI with the loan as a single agreement although they are linked they are different agreements but on the same piece of paper.
Or are the rules different for unregulated loans? (potential spanner in works and you will have to seek legal eagle help on this question)
Thanks to anyone who can help
Tried here but again more legal eagle help would be needed
8-)
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.
Multiple agreement and CCA which is unenforceable.
It makes a good read pass on the word.
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.
This loan was also a consoladation loan which paid off another secure loan and other loan and credit card, so is this restricted credit?
I do not know the answer to that at this moment in time but you could try googling the term "restricted credit" for a definition.
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.
Credit agreement and PPI
. It is set out like this
Reply With Quote
