Thread: Legal victory over Swift!?

Good morning all,

I'm on the case....as of NOW.

I'll keep everyone posted.

Regards

Dougal

Originally Posted by Doc2527

Hi Dougal

I think you need to change your avatar, to either a jack russell or a bloodhound, as nothing will get past you without a fight.

Doc

Hi Doc

I am pleased to say that my Westie let's absolutely nothing past him.....!!

Thanks for the kind thought.

Dougal

ps: I sent an e-mail to the Sheffield Star last night requesting a full copy of their report.....

Evening all - as promised:
Courtesy of the Sheffield Star, 18/9/2009.

Woman’s victory
over £50,000 bill

A SHEFFIELD woman has won a legal victory after being ordered to pay back more than
£50,000 on a loan of £11,000.Rosalind Hanagan took out the loan to cover debts of
£11,000 using a house her mother left in her will as security.
But she found that even after paying off more than £22,000 she still owed another £29,000. Rosalind’s problems began when she signed up to the loan
with Brentford-based Swift Advances plc.
When she took out the loan her only income was Income Support and she fell into
arrears with the payments. But she then discovered that even though she had not been in
arrears for more than 18 months the balance was still going up and not down.
Rosalind, of Greystones, had to try to sell her house just to meet the payments and Swift were threatening to take her to court if she did not pay another £29,000 straight away.
She turned to Louise Joloza of Howells solicitors in Sheffield who negotiated a settlement which has cancelled out the remaining debt.
The loan company has also removed the charge it had over her property and agreed to pay her legal costs.
Rosalind said today she was relieved and delighted the case had now been resolved.
She said: “The last few years have been a financial nightmare for me because I couldn’t
see any way out of this massive debt, which just seemed to grow
and grow.
“It is such a relief to know that my home is safe and I don't have to make any more payments. I’d advise anyone in a similar situation to take legal
advice - for me, it has been an absolute lifeline.”
Ms Joloza said: “Essentially,Mrs Hanagan had signed up to an improperly executed agreement- entailing complicated legal arguments, which can be very difficult to fully understand.
“We argued that the agreement was unenforceable as it failed to comply with the
requirements of the Consumer Credit Act 1974, in that it failed to correctly state an amount of credit.
“The agreement also failed to provide her with a term stating how she was going to pay off the legal and documentation fees, which had been added to
the account.
“These credit agreements, although extremely complicated, are now very common.
They can leave people in dire financial straits.”

Needless to say I am now writing to Ms Joloza!!

Best wishes

Dougal

It certainly would be interesting for people to know the full story, well done Doc and Dougal...

Originally Posted by determindator

I've read as much is available from your links and I presume it would be a miss sell if the borrower was on income support when the loan was taken out.

Well I was on income support at the time.

Originally Posted by Dougal16T

Evening all - as promised:
Courtesy of the Sheffield Star, 24th April 2006.

Woman’s victory over £50,000 bill with Brentford-based Swift Advances plc.

Best wishes

Dougal

Good morning everyone,

I am today contacting the Court and requesting details of how to obtain a transcript of the case.

I'll let you know what happens......!

As always

Dougal

Just checked and initially I was not on Income support. I later went on income support who paid part of the mortgage.