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
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Alright, I wrote to swift and got a copy of the payments made to my account and their charges. I complained and guess what - got nothing.
Now I'm intent in getting as much out of these crooks as possible, can someone with the knowledge please look at the copies of the agreement (links below) and let me know where I should start?
I've read somewhere about asking for an underwriting sheet etc.
It's important to note that this agreement was made in Scotland
So far, they've paid back £28,000 of the £55k and have just been quoted a redemption figure of £62k!!!!!
First zincoxide welcome to the Swift Fighters forum
A couple of Questions.
How did you mangae to get this loan .....I see you paid no Brokers fees and no legal charges ........Swift or more to the point Mr Mark White again who stated quite clearly that Swift only lend via brokers they do not lend Direct to the Public ...I am intrigued as to what your answers will be and note this was when they were at Purbreck House...but it is still a Swift Advances Plc loan
Hi just saw your agreement did you know you had a capital Agreement
I know for a fact that they themselves CHANGE interest only loans to Capital ones so check it out and everyone else do the same
pick up a penquin two systems for the price of one
It's not my loan - I've been asked to look into it by good friends as I've already got them a fortune back on bank, credit card and other loan charges.
They got this loan by calling ocean finance who arranged for a guy to go see them at their address and sign up for the loan.
They put a charging order on the house that I'm currently trying to get a copy from the land registry but other than that, I'm not entirely sure where to go with this one as they've already rejected my application for the return of outlandish fees. I do have a copy of what has been paid.
They have steadily increased the interest rate despite rates going down and I remember seeing on here that they apparently lend (libor) at a fix rate?!
So I need some really good help to get to these guys somehow.
First thing "subbing" means that the person is supporting you and will post if & when they have something cnstructive to say.
Before anyone can help it is essential that we have as much information about the issues that you can provide ...of course deleting personalinfo from any documents posted....I already have soe strong views but need more info .....The first thing you must do is send Ocean Finace & Swift and Subject Data Access Request ......I can supply you with a comprehensive template of one of those if you wish to use it, once you have that we will know a lot more.
One thing I have already gleened from this agreement is that [EDIT]....for reason there are no brokers fees charged on this agreement and I also notice that their are no legal and Administration charges.
This means that Ocean Finace were/are a direct agent of Swift on a full commission basis..........a further question for everyone to ask ..if Swift can have agreements like this one without the need to charge legal fees WHY MAKE OTHERS PAY THEM ?? That is an unfair act in treating one customer differently than another ( no offence or insinuation meant to your friends )
Send off your SAR's as soon as possible
What are you aiming to do to Swift - for me, I'd like to see this loan written off and all payments made to it returned to my friends cause they have been treated like dogs.
Then if I need to lobby every politician, financial regulation group, fraud squads etc - get these idiots closed down for destroying lives.
This is all the paperwork I have so far - should I be chasing them for anything else?
I believe the loan was in essence mis-sold as the salesman said he was from Ocean Finance and it was sold under those pretense, but I am looking for any whatsoever to get this loan written off or get back a great deal of charges & interest that have been applied.
You'll probably need to zoom out of the pdf files and they are all watermarked as I only found an old scanner that doesn't work on Windows 7 - so had to use a trial programme.
I love the way they say 'increase in the Bank Base Rate' !!! then last year and this year they have been telling me on the phone (for at least 12 months) that they base their rates on LIBOR....NOW it is the cost of funds....if ever their was an unfair relationship it was this !!! Yet they say their staff stating the interest is based on LIBOR is a 'training issue'....I'd say this is pretty close to the GMAC case....!!!
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
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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.
I love the way they say 'increase in the Bank Base Rate' !!! then last year and this year they have been telling me on the phone (for at least 12 months) that they base their rates on LIBOR....NOW it is the cost of funds....if ever their was an unfair relationship it was this !!! Yet they say their staff stating the interest is based on LIBOR is a 'training issue'....I'd say this is pretty close to the GMAC case....!!!
But I have [EDIT] nailed into admitting that it WAS and IS GOVERNED by the LIBOR Rate........nothing else.in any event their funding was obtained at a FIXED CAPPED rate to provide a hedge against interest rate rises which is stated in their annual accounts which under company law the same as a statemnt of truth.
Sparkie - is there a way you could email me the proof you have that Mr White said the rate is governed by Libor?
NO problem send me your e-mail address by PM and I'll send you the two pages of my court judgement summary where that is confirmed by the Judge ( Recorder)
With regrds to your SAR info write back to mr Strickley and ask him these questions
1...Why has no Account history been supplied as part of your SAR
2...Will he supply the account records of your account that is being processed by Kestrel No 1 Loans Ltd.
3...Will he supply a copy of the Title Indemnity insurance document refrred to and contained in and on the Loan agreement. to which you are legally entitled to.. Unless Swift want to continue to flout section 3 of the New Fraud Act 2006, by concealing a document you are legally entitled to see for reason you have paid for it.
NO problem send me your e-mail address by PM and I'll send you the two pages of my court judgement summary where that is confirmed by the Judge ( Recorder)
With regrds to your SAR info write back to mr Strickley and ask him these questions
1...Why has no Account history been supplied as part of your SAR
2...Will he supply the account records of your account that is being processed by Kestrel No 1 Loans Ltd.
3...Will he supply a copy of the Title Indemnity insurance document refrred to and contained in and on the Loan agreement. to which you are legally entitled to.. Unless Swift want to continue to flout section 3 of the New Fraud Act 2006, by concealing a document you are legally entitled to see for reason you have paid for it.
sparkie
sparkie
Hi Sparkie
I am new to your forum and only wish I had looked at these sights before I had let Swift take me to court and get a suspendid possession order on my property.I am trying to keep to the court order- but finding it hard. have written to Swift to ask for a refund on charges though they accept they could have been more helpfull they are only willing to pay back £490 or more which is small fry compared to the charges on my account. I would realy appreciate your help in any way. I am scared in one way if I push them to much will they take my house? or should I apply to the court to ask if I can have the case overturned?Have only got a copy of the agreement that they submitted to the court.there is no APR showing under each instalement.plus I was led to believe it would run alongside my mortgage, which isn't the case as it's for 300 payments, credit amount £31,000.00 monthly amount £302.71 which has risen, interest 9.84%pa variable.the loan was taken out in feb 2007
Please help
p.s.Sorry if I have contacted you in the correct way
Tophat
I am new to this and have just posted a message for SPARKIE and any one else who can help.as I don't think I posted it in the corect way as I can see it looks like it is in reply to another post , So please read past the first bit of other message.
HI Tophat,
Can you tell me what your fees and charges are ..ie Broker fee......admin fee ........and Title Indemnity fee is please............or better still can you post up the 1st page of your agreement ....remove your personal information first of course.
There are legal arguments being formulated that could break a vast majority of Swifts agreements....yours may be one of them.
Another Swift Agreement to See
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Re: Another Swift Agreement to See
Originally Posted by zincoxide
