A 220 page introduction to all things consumer related by our own BankFodder.
Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.
i had intrest only for a while was paying 10 % off later in the week will try to the maths as they loaded arrears on my debt non DD and 50 pounds a month
i had intrest only for a while was paying 10 % off later in the week will try to the maths as they loaded arrears on my debt non DD and 50 pounds a month
has this gone to court ? about libor
The Libor issue has gone to court via two seperate CAG members. Kensington seems unwilling or unable to present the courts with the evidence requested by the courts.
not with GMAC now as the interest rates were 10.5 % plus the arrears i caught up with after being taken to court but the still loaded 15 non DD and 50 pounds on total debt
i calculated the charge were in excess of £3500 pounds
Hi - thank you but how will I discover if the rate they quoted as being in use at specific times in accurate please?
Three arrested by SFO in Libor probe
By Caroline Binham, Legal Correspondent
Three British men have become targets of the first arrests in the sprawling worldwide probe into manipulation of Libor, the key benchmark bank rate.
The UK’s Serious Fraud Office said in a short statement on Tuesday that it had arrested three men aged 33, 41 and 47, and that the suspects were “all British nationals currently living in the United Kingdom.”
Hi - I am following this to see what I can do re my GMAC product but have a similar situation with one of the servicer's of that product which went to court. GMAC sold mortgage on and they took me to court attempting repo. Arrears have since been cleared but legal fees were added to the account in excess of those ordered. Two years of arguing saw me to take that Company to court for return of those fees as being unjust reward for them. I won. I am now trying to deal with the interest attracted by those fees and not returned or removed, which have increased the balance, since then the mortgage was passed on again to another servicing company who still have the excess fees on the balance sheet attracting interest. I am waiting for the previous company to advise the true balance that should have been transferred to the current company, as I know I am being overcharged and have to get them to rework the figures over the years affected. Not easy to get a response on this but having gone to court with it before I am confident that they will have to make the adjustments in the end.
that happened to me took me to court they added all the non DD no bank account and arrears on the Debt i could only pay by building society check monthly so had to wait for funds to clear
Hi just giving this a little bump as was listening to LBC regarding this this morning. Is there anything claim for the consumer on this as surely if these rates were fixed and because of that it put people in financial hardship they normally wouldnt be in thus creating a snowball effect? Just a thought. It seems that even though these instutions were fined and found guilty of fixing these rates which had a detrimental effect on the homeowner nothing has really come out of it for the homeowner. Did that actually make any sense lol????
It would be good to know if any of the loan companies that were selling sub prime (or otherwise) loans will seek damages from the culprits - if anybody hears anything then post it in here...
Was re-mortgaged to GMAC’s LIBOR rate 25 years ago, what can I do if anything?
I was recently approached by a company who said there was a good chance we’d overpaid interest on our mortgage, 10 months later I rang them to find out wtf, sorry no probs with your mortgage, after sending
them our passports and ID, the people originally dealing with us have no finished working there,gone, now called Foundation Home Loans, Paratus, formally GMAC.
I’ll split or donate to this site if I get Help getting away from Foundation Home Loans
Need help to sort unsecured debts and an attachment order from halifax credit card debt from 11 years ago, plus CCJ, I now think it’s all sum mountable....