Hi,

I have kept an eye on this forum for a while and, like so many others that have got mixed up with this bunch of lowlifes, I have been trying to stop them getting possession of our home. I haven't posted about this before because this situation is so embarrassing and, also, because I didn't know if Swift spy on these forums.

Long story short, Swift have an Eviction Warrant but we managed to get it postponed for a couple of weeks before which, hopefully, we will be able to pay the arrears off.

I've read up a lot on here over the past few weeks and followed other peoples threads and I am really hoping for some advice about excessive charges? I have used the Spreadsheets on here and believe Swift have added about £20,000 of charges (without the Interest) over the time we've had the loan and, also, the loan had £3000 of PPI added which I now believe we can claim back as we were led to believe we had to take it and it was not suitable for us.

I think i've done the charges spreadsheet correctly but i'm not sure how I do the spreadsheet for the PPI. I think the PPI was supposed to be paid for the first 36 months and then the monthly payments went down. So, can someone tell me how I complete the spreadsheet for this please?

This situation is so stressful and we don't know what to do anymore. My husband is so depressed over this and has practically given up but I don't intend to let these ******** take our home without fighting them all the way because they've done nothing the Courts have ordered them to do over the various hearings and, basically, just lie about everything.

I would be so grateful if someone could help with with the PPI part of the charges and, possibly, just check over the Spreadsheets I've done for the other charges? I believe, if the excessive charges and PPI were refunded, then our arrears would be nowhere near what Swift say. I'm praying that, if I can work out how to do the spreadsheets, we may have a chance to get the Judge to grant us a hearing.

Thank you in advance for any assistance you might be able to give us. x

Ok so another swift nightmare.

Im going to make a few assumptions based on your initial post.

You have all the statements from swift.

You have included every charge except standard interest in your spreadsheet, which should be the CISheet in our library.

You have the original agreement.

Also in the library you will find a FOS spreadsheet for the ppi, fill that in in exactly the same way, use the statements to identify every ppi payment, forced insurances of any kind

Have you ever sent a SAR to Swift?

Is there a possession hearing looming?

Hi Martin,

Thank you so much for your reply. They, actually, have an Eviction Warrant but it has been suspended for a couple of weeks so we can try and pay the arrears before then. If I can gather enough evidence to show these astronomical/unfair charges and, hopefully, be able to reclaim some/all of them, I was hoping to apply for a hearing to suspend the warrant again on the grounds that the arrears Swift are claiming we owe are wrong.

Swift don't want to give me any documents willingly, so I've had to fight for any documents I do get! I have managed to get a copy of the statements showing all the charges and a copy of the agreement. I SAR'd (and paid the £10 fee) them a couple of weeks ago but haven't had any acknowledgement or documents from them as yet.

They should have at least acknowledged the SAR, but nonetheless, the 40 day clock is ticking.

Because of how far you seem to be down the repo route, it may well be necessary to pay the arrears to avoid repossession or hopefully have a stay of execution of warrant in order to counterclaim.

Get all the spreadsheets completed asap and prepare a fully diarised and documented WS, you are gonna need to with these vultures.

Thank you Martin,

I think i've nearly completed the spreadsheets but its all a bit confusing, doesn't help that i'm on morphine for pain and my head is a bit fuzzy and confused! Its the WS that worries me more as I have no idea about that. I'll try finish the spreadsheets now.

In the red cag search bar, enter "facts in a witness statement" to see what one should loik and read like.

You then use that format to write your story, from the outset if the loan with swift, highlighting everything from the agreement, the terms if the agreement, how much etc, repayment terms, account conduct over the term, when and where charges were added.

Its formatted to look bullet pointed but concise.

It will need to refer to and counter any points in swifts claim.

You get the idea and in a swift case it can get quite lengthy!

Have a go at one and then post a redacted version to thread for approval/comment

Thank you, found it. I will try get it all done and post it up tomorrow.

I really appreciate your help

You are most welcome.

Hi,

I've been working on the spreadsheets to reclaim the excessive/unfair charges but its taking a bit of time.

I'm a bit unsure about the PPI element of my claim so wondered if you could help me.

The loan had PPI of £3,800 added and agreement says we pay it over 36 months.

Can you advise me how I calculate the interest on this please.

PPI is not provided by Swift but by the broker and can only be claimed back from the original broker or the FSCS if they no longer trade.

Are you able to identify how much of your monthly instalment was ppi?

If so then you have the ppi + interest charged amount, the 8% is then calculated by the spreadsheet.

I am assuming you have read the ppi sticky in the library regarding claiming ppi for single premium policies?

Yes I have read the sticky and I think i've worked it out right but just wanted to double check. I think my brain is fried from working out the unbelievable amount of all the other charges! Thank you for your help.

I'm making a start on my WS now. Just going through a copy of Swifts WS to the court and they've been very sparing with the truth.

Also, I really can't remember who the broker was but I will search for any more paperwork I can find.

As with other swift threads which you will find on here, swift will be very scarce in any forthcoming information, why would that be i hear you ask?

The answer is because the truth would hang them in court!!

Stick at it Peanut

can you scan the agreement? to pdf please

PPI/TOTAL-LOAN*100=PPI%

if you know the PPI

divide that by the total loan then times by 100

that will give you a %

so that % of whatever you paid, on each date

enter that sum under its date every time you pid it individually in the statint sheet

that does the rest.

Thanks Martin I'm going to give it my best shot.

Hi dx, thanks for your help and, yes, I can try and scan it asap

Your welcome peanut but dx has much more experience than i do with ppi, take his advice over mine.

Hi dx, I am having trouble scanning the agreement but these are the figures given on it:

Principal Loan - £25,365.00 228 monthly payments of £429.79)

(we, actually asked for less than this but were told that if we made it over £25,000 we would get the loan quicker...I know why now...made it unregulated!!)

Insurance Loan - £3,803.80 (36 payments of £60.17 then 192 payments of £10.35)

Total - £29,168.80 (36 payments of £489.96 then 192 payments of £449.14)

Interest Rate 18.39%

well you know the monthly payments then.

for the first 3yrs you paid £60.17

then from there in you paid £10.35

each month MUST be put in the statint on its own line.

you attach things by following the upload guide

Thank you for your help dx. Very much appreciated

HI again,

Can anyone help me with my witness statement?

I have been going through the repayment record that I finally managed to get from swift and i've noticed that a payment made in 2012, of which proof was provided to the judge and to swifts solicitors agent, is still not shown on the repayment record even though the judge accepted the proof and told swift they could not apply any costs to my account regarding this missing payment.

As they still have not applied the payment to my account, the arrears figure swift are using to evict me is, actually, not true.

Can anyone tell me how to properly word this in my witness statement to suspend the eviction warrant please?

Also, over the last 2 years I have made overpayments towards the arrears of, on average, £116.00 per month extra but, despite this, the arrears have not gone down because of all the unfair/excessive charges + interest they've been charging me.

I haven't had any response yet to my request that they refund me these charges.

I would really appreciated some advice on writing the witness statement if at all possible.

In the red cag search bar, type in repossession witness statement and have a look at how they should look and read.

No 2 WS are ever the same so look how one should read and put your story with events in place.

Once you get started it becomes easier to write as the information begins to flow