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.
We know Swift have over the last years increased their interest rates and I think decreased it once....does anybody have the dates of the increases/decreases...they state they are in line with Libor, but I seem to remember they increased them on the back of Bank Of England rates !!! I want to check them against Libor and BOE changes....
PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.
IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU
I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU
IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.
Before you decide,consider the users here who have already offered help and support.
Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.
If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.
IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU
I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU
IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.
Before you decide,consider the users here who have already offered help and support.
Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.
If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.
Just some info about Swift and their interest rates.
I challenged JOhn Webster a told him that Swift were increasing their interestt rates every time Libor rate went up...........when they obtained their funding at a fixed capped rate....so any increase did not affect their cost of that funding......therefore increasing the interest on their loand agreements was just another way of making more money by forcing borrowers to pay more.
This was his reply
Dear Mr sparkie
Thank you and we shall of course co-operate with any proper authority by whom we are contacted.
It's disappointing to note however that you are unable to admit that your allegations and assumptions that our funding was at a fixed rate were completely incorrect.
Yours sincerely,
John Webster.
But what it says in their accounts is this
"The company has entered into interest rate cap contract to provide a hedge against increases in interest rates"
The word "hedge" in this context means ..."a protection" against interest rises..
can't be clearer than that. If LIBOR rate goes up it does not affect Swifts borrowing their rate stays the same....if it goes down their rate stays the same.
That is why they never lower it................BUT they allways put it up
IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU
I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU
IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.
Before you decide,consider the users here who have already offered help and support.
Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.
If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.
Hi 42man. Is it possible for you to point me in the direction of somewhere I can work out the APR on my mums agreement with these animals? I found a website but its in dollars and I think the US way of working out the apr is different to the UK. If you know of a spreadsheet template or such as well I would be grateful. Thanks.
Hi 42man. Is it possible for you to point me in the direction of somewhere I can work out the APR on my mums agreement with these animals? I found a website but its in dollars and I think the US way of working out the apr is different to the UK. If you know of a spreadsheet template or such as well I would be grateful. Thanks.
Swift Interest rates....
rates and I think decreased it once....does anybody have the dates of the increases/decreases...they state they are in line with Libor, but I seem to remember they increased them on the back of Bank Of England rates !!! I want to check them against Libor and BOE changes....
Reply With Quote
Originally Posted by coolchris
