the contract itself doesnt have to be 100% correct only implied i.e. if it is reasonable to believe at the time it was taken ut that an agreement was in place to repay the debt.... i dont think you will win this one, but that doesnt mean i dont hpe you do!! good luck

you dont need a conveyencer to sell a property only to buy one. a solicitor wont cost a great deal as it is a straight forward siposal of asset and any cost savings made by you doing it yourself will be offset by the time it takes to learn and carry out!! if you will not have anough equity to clear all loans you could ask first plus for a reduced settlement but in all liklihood they will tell you to clear the loan with finance from elsewhere,

what you have not said, is whther your loan was regulated or non regulated or when you took it out, Nemo specialised in secured second charges so unless you took the loan out after april 2009 OR took out a loan of less than 25k ten the above wont apply as they are outside of the CCA act

im not new i joined when it started with about a dozen threads (and a dozen members i think) how times have changed

call the custoemr service number not the arrears number, dont give them your account number, tell them you havent got time to go through DPA. then ask them for the details to make a payment online. Also, no offence but not speaking tot hem over the phone is a little tincy wincy bit childish,espcially when the reason it is in writing is probably to document arrears handling actions rather than to arrange positive payments.

you dont need a standard letter. just write and ask for a VT and they will send you the info, they will tell you any balance owing which if more than 50% will be on there. failing that you will ow money de to loss of value of the car.. HINT 1: only agree to pay monies after the sale of the vahicle or HINT 2: if you know full well the car needs a lot of work have it done yourself

defaults during insurance claims are too common for my liking, in defence of these companies it is there software that is the problem and they didnt write the software!! not that that helps you in anyway, but that is almost always the reason unless they have acted particularly irresponsibly

all you have to do is send a written request and ask to voluntarily terminate the vehicle. if the vehicle is in good condition for its age and mileage and provided you are at the 50% mark there will be no further payment. Please please please please trust me when i say, take photos of your car and preferebly a video film of the outside and inside whilst the inspector is there checking it over. if you only tale one pice of advice in 2011 choose that pice right there!!! and dont worry, for all BCTs faults they will not try and trick you into a voluntary surrcnder .. i know ;-)

there are a number of ways here, some a bit naughty, some not so, but i would strongly advise your wife speaks to her employer and asks permission to go bankrupt, it is questionable unless she works in finance and accounting whether it would even be a fair term. Whatever anyone says i refuse to accept that an IVA is a suitable arrangement for anyone given the long term nature and the fact it still does not supersede a secured debt. so i would avoid that at all costs. bankruptcy is not joint, never is, never will be, not even if you want it to be.

Hi, yes i heard of them, yes its legal and no it does not affect your terms and conditions i hope you used your FSCS money to clear some of your loan balance though otherwise you are still paying for the policy!! EDIT and you loan has already been moved from Picture Financial PLC to Picture homeloans No.XXX so this is the second move

A&L = Santander however santander only took liability of existing accounts on transfer, im sure A&L still have offices and should be abl to provide you with the info you need

just so you know the FSA has prescribed compensation in these cases and i know for a fact the loan company will try and get away without paying out correctly so do not accept any offer that doesnt clear the finance!!!!!!!! i cannot emphasise that enough. the fsa states repay the premium repay historic interest repay 8% on payments claims and most importantly here "to pay for any claims for which the customer would reasonably have expected to be paid under the policy" so unless on the phone call they specifically used the line" you wll not be eligble for life cover because you are too old" then screw them to the wall

you need to structure your maths here. firstly refund the premium simples then refund the interest on the premium called historic interest you need the AIR for this and NOT the APR until the date of settlement then, of your monthly payments, you need to work out the proportion that was used to pay for the PPI element of your loan and add 8% on this figure to the date of settlement. Add up all figures as of the date of settlement. then work out the number of days between TODAY and the date of settlemt and use this to work out your 8% use excel to make it easier for you you would be looking at no more than about double the PPI amount in all liklihood though that is a ridiculous interest rate so you may end up with a bit more.

the banks argue ( and i have to say i agree with them) that they cannot be regulated retrospectively and hence the FSAs enforcement of sales practives surround PPI cannot be enforced upon them. now i am not saying i agree with ppi here as i do not, what i am saying is as bad as it all is, the regulator allowed these products and allowed claused such as limited rebates (or even no rebate at someponts) they allowed single premiums and they allowed banks to sell products in a certain way. Now they are telling them that they were wrong and therefor so were the bannks so the customer should get their money back. the banks are saying to the Judges, whatever the product, how can we be expectd to pay for a regulators error of judgement when we followed the rules. what they are NOT allowed to do and a statemnt was released yesterday to this effect, is simply refuse to investigate a complaint on the basis that they are participating inthe judicial review. They have to investigate the complaint as review or otherwise, the sale, for want of a better phrase may have been ****!

im assuming this is now resolved as it is an old thread and the FSCS should have paid you by now and you should now have realised that they pay you directly and therefore the PPI remains on your loan unless you pay your FSCS compo into the debt

there is a lot of incorrect information above. However, this appears to be bad planning on the part of your bankruptcy administrator who probably could have set up a sequence of events to avoid all of this. in the normal course of events, you would allow a secured debt to go unsecured and THEN go bankrupt meaning it was a clean break so to speak. as it currently stands this has not happened and bankruptcy probably should have been postponed until all your debt was unsecured. in all liklihood what will happen is the first mortgage company will enforce sale, they will take their balance, fees and charges and arrears and leave picture with a paltry amount meaining you owe the shortfall. Your picture account will automativally be unsecured and you will have a large unregulated unsecured balance. Perosnlly i would just tell them to f off and never pay as it is difficult to pursue as its their commercial risk and they will only received payment if you agree to it, or if they do an attachement of earnings. the other advice you will not want to hear is going bankrupt AGAIN!! however, i would approach your previous receiver and see what he has to say about this as he may be able to wangle soemthing for you!!!

if you have GAP do not acept anything, call the GAP iinsurer first

all insurance policies include the wording in the exclusions along the lines of "we will not pay a claim for"...."anything covered under another insurance policy" this is to prevent an anomaly known as betterment. However, they have misunderstood your request and just want to get their own commission, this is not dual insurance, as someone above said, your existing insurer wont b insuring the car whilst the youngun drives. that said ading a second driver is very cheap and i would do it with my main insurer purely to avoid any confusion which clearly is going to be a problem based on your previous coversations with them!! thats the beauty of UK insurance, you insure the person not the vehicle so they can rape you for as much money as possible, dosnt happen in any other european country to to the best of my knoweledge where you insure the vehicle and anyone with a license can drive it

if there was a provable national recall (an there is a website to check this thoguh i cant remember it) you might be OK to get vauxhall to fix it. However i have a sneaking suspicion you will need to take it on the chin in the short term!! doesnt strike me as something that will get sorted quickly1!

it is not considered responsible to add any non permanent income to a lenders calculation for affordability. For example your basic salary would be used as 100% viable overtime would be used at a rate of 50% if it was regular. Tax credits were allowed as i know of companies that used them but it isnt responsible, then neither is applying for credit knowing this information and your advisor should have his license revoked!

APR is worked out to the end of your loan term so isnt very accurate. Use a fee online mortgage calculator or MS excel to work you repayments out and see if they match what you are currently paying. from my dealings with B&B who are owned by Santander, they still use Annual Rest as their interest calculation whcih is why when you had an endowment mortgage with them your balance did not remain contstant and may even have increased/decreased in varying years

sounds like a broker fee to me.. divide the lending fee by the loan amount that was requested, you will prbably find it comes to 1 - 3 % in which case it works as follows Broker has an arrangement to sell a product from a finance company. Finance company may or may not pay commission for the loan Finance company will pay commision for any insurance sold Broker can also charge what they think they can get away with Broker can add broker fee (read lending fee) to the loan agreement FInance company pays the customer X amount from loan and Broker Y amount from there bank account i.e. Day 1 commssion / Day 1 cash as its referred to

in a nutshell you are liable. if they have tracked you down to try and gain payment i would assess your overall financial situation and consider bankruptcy privided you have little equity in your home. seek professional financial help, and by professional i do not mean a 3rd party no win no fee,or a debt counseller who sells debt management plans. try consumer credit counselling service or CAB.

call your bank. Unauthorised payment. they will refund it whilst it is investigated and if you are found to be right then no issue. if you arewrong they will write to you and give you 28 days to put it in your account and they will debit you

Firstly, you cannot claim for PPI, it is impossible through the normal channels so dont even waste your time. Even with the latest FSA policy statement they have made it clear that you cannot claim for pre reg sales i.e. Jan 2004. The FSA nor FOS have absolutely no jurisdiction over sales prior to then You would only be able to even attampt to claim via court using an "unfair relationship" and for that you would need legal help, and you definitely would need no win no fee and you would definitely need insurance in case it all went tits up!!