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    • Thank-you dx, What you have written is certainly helpful to my understanding. The only thing I would say, what I found to be most worrying and led me to start this discussion is, I believe the judge did not merely admonish the defendant in the case in question, but used that point to dismiss the case in the claimants favour. To me, and I don't have your experience or knowledge, that is somewhat troubling. Again, the caveat being that we don't know exactly what went on but I think we can infer the reason for the judgement. Thank-you for your feedback. EDIT: I guess that the case I refer to is only one case and it may never happen again and the strategy not to appeal is still the best strategy even in this event, but I really did find the outcome of that case, not only extremely annoying but also worrying. Let's hope other judges are not quite so narrow minded and don't get fixated on one particular issue as FTMDave alluded to.
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    • the claimant in their WS can refer to whatever previous CC judgements they like, as we do in our WS's, but CC judgements do not set a legal precedence. however, they do often refer to judgements like Bevis, those cases do created a precedence as they were court of appeal rulings. as for if the defendant, prior to the raising of a claim, dobbed themselves in as the driver in writing during any appeal to the PPC, i don't think we've seen one case whereby the claimant referred to such in their WS.. ?? but they certainly typically include said appeal letters in their exhibits. i certainly dont think it's a good idea to 'remind' them of such at the defence stage, even if the defendant did admit such in a written appeal. i would further go as far to say, that could be even more damaging to the whole case than a judge admonishing a defendant for not appealing to the PPC in the 1st place. it sort of blows the defendant out the water before the judge reads anything else. dx  
    • Hi LFI, Your knowledge in this area is greater than I could possibly hope to have and as such I appreciate your feedback. I'm not sure that I agree the reason why a barrister would say that, only to get new customers, I'm sure he must have had professional experience in this area that qualifies him to make that point. 🙂 In your point 1 you mention: 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver. I understand the point you are making but I was referring to when the keeper is also the driver and admits it later and only in this circumstance, but I understand what you are saying. I take on board the issues you raise in point 2. Is it possible that a PPC (claimant) could refer back to the case above as proof that the motorist should have appealed, like they refer back to other cases? Thanks once again for the feedback.
    • Well barristers would say that in the hope that motorists would go to them for advice -obviously paid advice.  The problem with appealing is at least twofold. 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver.  And in a lot of cases the last thing the keeper wants when they are also the driver is that the parking company knows that. It makes it so much easier for them as the majority  of Judges do not accept that the keeper and the driver are the same person for obvious reasons. Often they are not the same person especially when it is a family car where the husband, wife and children are all insured to drive the same car. On top of that  just about every person who has a valid insurance policy is able to drive another person's vehicle. So there are many possibilities and it should be up to the parking company to prove it to some extent.  Most parking company's do not accept appeals under virtually any circumstances. But insist that you carry on and appeal to their so called impartial jury who are often anything but impartial. By turning down that second appeal, many motorists pay up because they don't know enough about PoFA to argue with those decisions which brings us to the second problem. 2] the major parking companies are mostly unscrupulous, lying cheating scrotes. So when you appeal and your reasons look as if they would have merit in Court, they then go about  concocting a Witness Statement to debunk that challenge. We feel that by leaving what we think are the strongest arguments to our Member's Witness Statements, it leaves insufficient time to be thwarted with their lies etc. And when the motorists defence is good enough to win, it should win regardless of when it is first produced.   
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

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Claim back all charges from CFO - ** SETTLED **


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Hi had a loan with CFO Lending/Capital Finance One.

 

I ended up paying a huge amount in charges. Has anyone successfully reclaimed charges from these guys.

 

They have sent me a statement of account so I know how much the charges I paid were. A summary of my account with them is below

 

 

Thank you for your email. Please find attached a statement of your account for your reference.

 

Having looked through your account I can confirm you first took out a loan with CFO Lending for the amount of £200.00 with interest of £78.00, making the total amount payable £278.00. You agreed to repay this amount back in full on 29th June 2012. At your request, on this date we collected the minimum of your interest payment and your loan was deferred. Making your interest payment did not reduce your outstanding balance but covered the cost of borrowing for a further month. Your loan was then due for repayment on the 31st July 2012.

 

On the 3rd July 2012 before your loan was due for repayment, you chose to refinance your loan for a further £400.00. This amount was added to your Principle loan amount of £200.00 and interest was calculated on the total. You agreed to pay the amount of £834.00 back in full on 31st July 2012. On this date we failed to receive payment as agreed and as per your contract your account fell into default and collections procedures were in place in an attempt to collect full amount of funds owed under this agreement.

 

As per your contract a £25.00 administration fee was applied to your account for falling into default. Added interest would then have been applied at a rate of 1.3% of your principal loan amount daily.

 

Through collections procedures we collected the amount of £234.00, as you had not requested for your account to be deferred, your account remained in default and continued to incurred added interest and charges as per your contract. On the 2nd August 2015, the business received a text message from you requesting to set up a deferral payment. You were advised that as the we had collected your administration fee payment along with a payment that matched your interest amount we will be happy to defer your loan until the 31st August 2012.

 

On the 31st August 2012 we again failed to receive payment as agreed and your account fell back into default and incurred added interest and charges as per your contract. As per your contract a £25.00 administration fee was applied to your account for falling into default. Added Interest was then applied at a rate of 1.3% of your principle loan amount for a maximum period of 90days.With all the added interest and charges applied to your account your outstanding balance was brought to £1410.40.

 

To date we have received payments totalling £1410.40 leaving a current outstanding balance of £0.00.

 

CFO Lending can confirm your account with the business is settled in full and closed.

 

Should you have any further queries regarding your account please do not hesitate to contact us.

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Since they are unlawful penalty charges, you can SAR them if you dont have all the statements, and put in a claim for them at their interest rate. IF they refuse to allow the claim, then you take them to SCC.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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I have a statement of accounts from them with dates. I assume I will need to do some form of complaint letter and calculations.

 

They also took £15 off each of the loan amounts for faster payment

 

 

Agreement No:

created message Debit Credit Account Balance

31/05/2012 Principal £200.00 £200.00

31/05/2012 Principal Interest £78.00 £278.00

29/06/2012 Deferral Payment -£78.00 £200.00

29/06/2012 Interest Added £78.00 £278.00

03/07/2012 Refinance -£78.00 £200.00

03/07/2012 Refinance -£200.00 £0.00

Agreement No:

created message Debit Credit Account Balance

03/07/2012 Principal £600.00 £600.00

03/07/2012 Principal Interest £234.00 £834.00

31/07/2012 Deferral Payment -£234.00 £600.00

31/07/2012 Default Charge £25.00 £625.00

01/08/2012 Card Payment -£25.00 £600.00

02/08/2012 Interest Added £294.00 £894.00

31/08/2012 Default Charge £25.00 £919.00

06/09/2012 Default Charge £54.60 £973.60

13/09/2012 Default Charge £54.60 £1,028.20

20/09/2012 Default Charge £54.60 £1,082.80

27/09/2012 Default Charge £54.60 £1,137.40

04/10/2012 Default Charge £54.60 £1,192.00

18/10/2012 Default Charge £54.60 £1,246.60

25/10/2012 Default Charge £54.60 £1,301.20

01/11/2012 Default Charge £54.60 £1,355.80

08/11/2012 Default Charge £54.60 £1,410.40

15/11/2012 Card Payment -£25.00 £1,385.40

15/11/2012 Card Payment -£54.60 £1,330.80

15/11/2012 Card Payment -£54.60 £1,276.20

15/11/2012 Card Payment -£54.60 £1,221.60

15/11/2012 Card Payment -£54.60 £1,167.00

15/11/2012 Card Payment -£54.60 £1,112.40

15/11/2012 Card Payment -£54.60 £1,057.80

15/11/2012 Card Payment -£54.60 £1,003.20

15/11/2012 Card Payment -£54.60 £948.60

15/11/2012 Card Payment -£54.60 £894.00

15/11/2012 Card Payment -£294.00 £600.00

15/11/2012 Card Payment -£600.00 £0.00

 

 

The card payments at the end is where I found a new job and they emptied my account in my first payday.

Edited by madmatt101
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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi madmatt101,

 

New to this!

 

How have you managed to get in contact with CFO? I am trying to write to them about my old loans but all e-mail addresses I have are no longer working... their websites are closed too, etc.

 

Any info you can provide regarding contacting them would be great.

 

Thanks

 

Luke

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Hi DX

 

I have filled in the sheet and I think I must have done something wrong

 

It tells me that I am claiming for over £158million for interest on charges of £541

 

It would be nice to get that, however I cant quite see that being paid out, and going through the courts could be expensive ;)

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To update all the readers of this thread.

I have sent a formal letter of complaint.

 

I noticed that there were no further interest charges on my account so I used the satint sheet.

 

I will see what they come back with and post up an update.

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Hi DX

 

I have filled in the sheet and I think I must have done something wrong

 

It tells me that I am claiming for over £158million for interest on charges of £541

 

It would be nice to get that, however I cant quite see that being paid out, and going through the courts could be expensive ;)

 

 

hehe it will at 1000%

 

 

try this one

 

 

StatIntSheet v101.xls

 

 

I suspect they don't charge int on penalties

?

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 weeks later...

so what did you make it using the statint sheet

did we do that?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I know the £56 says default

But I don't think they are reclaimable

Just the £25 ones

 

So seems correct for £74?

 

Dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 weeks later...

Trying to get hold of this lot myself, ended up paying back almost 700 for a 358 loan and all the MT collect threat nonsense years ago claiming I still owe them. Is the one in this thread the best to use or the customerservices at cfolending one? Or are they both the same?

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  • 5 months later...

Just an update on my case, I asked CFO Lending to refund all interest and charges on all of my old loans due to irresponsible lending. They declined my claim so I took it to the Financial Ombudsman Service. They ruled in my favor and I received a refund of approx £740 (including £50 compensation).

 

I would't take any other lower offers offered directly by CFO, if you refer to the FOS, you will most likely be able to claim back all interest and charges. I had a strong case and supplied a copy of my credit report at the time of each loan... this showed I should not have been approved and the proper affordability checks were not carried out. Worth perusing.

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