thanks pt, that could be a whole new way of lookingg at the agreement being un-enforceable then.

your right PT, it cant be right that they can do this. Also in 3 years time we are paying for a product that has expired.

sorry, to sum up was i was saying is that surley any insuransce should cover the loan period to ensure your not left in financial difficulty, if i die in 3 years tiime, my partner is in trouble as the policy will have expired so she will have to find the money for 5 years, surely that is not right... its a mis-sell

exactly right, when vehicle finance is sold on a five year agreement, or any term, the customer has to be offered sufficient insurance to cover the loan period or suitable insurance to ensure that they are not out of pocket if anything happens to there car, this is done through a "needs and demands" statement, it is then down to the customer to decide if they want the policy. If our guys sold a five year agreement with 3 years gap policy then the FSA ould have a field day with us and we would be in trouble and again if the needs and demands were not completed then any insurance can be deemed a mis-sell.

they just seem to throw a policy on a loan as and when they want regardless if it covers your needs or not just to bump up there commissions. My partner and i work in motor finance and ive seen it so many times and even though the FSA would hang the business for doing it the managers seem to turn a blind eye to unscrupulous saleamen doing it.

My agreement from 2006 has lifecare 24 also...... but Nu havent underwritten it....not according to them anyway. I have two issues with mine, the first being that it looks like none existant insurance policy and it is a 5 year policy on a ten year loan and im sure that - that alone must be a mis-sel, surely the insurance should cover the loan perid, you would not buy a car opver 5 years with a 2 or 3 year gap policy would you, it does not make sense.

still 1.98 http://www.cattles.co.uk/index.php?share_information_

quite jealous now, mine is only 4 pages.... and to make it worse its worthless... but then again....thats a good thing in the scheme of things

not received anything yet but am going to put my payments into a savings account rather than pay them in the hope that it will make them pull there fingers out

im surprised they have people stil doing door step visits

its so hard to comprehend how a company the size of cattles has done this for so long and got away with it. Surely must have known that they would get caught out sooner or later..... maybe it was a "lets make as much money as we can and scram". This thread should go down in history for the determined efforts to fight back. cant wait for my response to my SAR and get my argument rolling.

hi tigga. It has to be only a matter of time, what surprises me though is how little knowledge these investors have about cattles, no wonder they lose so much money. I saw you on there earlier but i had to log off and get some work done as i did nothing yesterday, its a good laugh going on there.

just logged on again and anothe 5000 pages to trawl through, just been watching our beloved man city just scrape through in the football..... dont know whats worse...having a problem with welcome agreement or supporting man city..

everytime i go away from my pc and come back, the thread has grown with loads of new faces, this has to be great in the long run.....more people fighting back and all that...

Cattles Share Price. CTT - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary.Cattles Plc Ord 10P bit of share activity

I enjoyed posting on there yesterday and it even wound some up but i bet some people have taken notice and sold.

More than likely that we wont receive anything else from them, i have sent out an SAR to them and direct group to get what i can but im not holding my breath.

My eyes are killing me as i dont think i left my Pc until gone midnight. This was my reply from NU by e-mail: Thank you for contacting Norwich Union. Your email has been passed to the relevant department to be actioned. We will contact you shortly. If your enquiry relates to a Policy through Norwich Union Direct, please email them on [email protected].

Morning ste=u, sorry you lost me as soon as you mentioned APR

and thanks to the input of everyone here and some brilliant work by post then no matter who is authorised to collect, if an agreemnet is unenforceable it cant be collected.

i started a little debait with someone called jamesslater and a little argument has brewed between investors, i feel like i have contributed now. CATTLES Share Chat - Chat About CTT Shares - Stock Quotes, Charts, Trade History, Share Chat, Financial Terms Glossary

i have just sat and worked out this agreement and it does add up ok. i would ask welcome to provide a copy of the needs and demands statement from when you took out the agreement to prove they actually qualified you for it.

hi tigga, thanks for helping me out..... some arrogant gits arnt there

This is correct. the amount you have borrowed is 7416 but you have still paid 995 deposit, they are added together as a summary to say you have paid this in total.

still upsetting people on LSE CATTLES Share Chat - Chat About CTT Shares - Stock Quotes, Charts, Trade History, Share Chat, Financial Terms Glossary