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stush

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About stush

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  1. Thanks - I thought as it was front loaded it wouldn't work like that as you pay interest at the start of the loan? Therefore when you get to a certain point in the loan, you'd have paid all the interest off before the end of the term..?
  2. ok i understand (i think!) - so if i paid back the loan after 1 month for example, it'd cost me 1 months interest + 2 months for clearing early?
  3. Thats what I make of it too when reading it - but if the telephone operater telling me differen says to me that I may have issue if I follow what it says on the paperwork and dont want to pay lots of interest as the loan is front loaded....
  4. Thanks the paragraph in my original post is from my agreement, however when calling hsbc they state that can cancel within 14 days and loan needs to be paid back within 14 days - on the day of cancellation
  5. So if I was for example to cancel on 14th day, do I have 30 days from that date to repay the credit + interest for the period I hade the credit for...or is it 30 days from the date I received the credit - regardless of when within the 14 days I cancelled?
  6. Can somebody explain what this means, maybe give dates on how this would work, based on a loan taken Today 24th May.. You have the right to withdraw from the credit agreement within 14 calender days after you receive written confirmation that we have executed the agreement. If you withdraw after receiving credit, you must repay the credit within 30 days and repay any interest due on the credit.
  7. I took a £7000 personal loan over 60 months today and the loan has drawn drown.. I only plan to have the loan for a month (max 3 months). The interest is front loaded - from what i have been told I can repay the loan at any time and the interest i'd pay is for the period i've had the loan + 2 months...does anybody know if this is the case or would this work out an expensive option as the loan is front loaded??
  8. I didnt make the claim in the end...i shoud do it though! But i'm concerned they'll say its out of the 6 years now..
  9. yes i believe it was mis sold as I would get upto 6 months full pay and then 6 months half pay BUT when taking the loan out online you dont get the chane to choose a defferment period - therefore it automatically sets it to 30 days which is the expensivest, but if you take the loan over the telephone you can take 30 days, 90 days or 180 days defferment period - 180 days being cheaper.
  10. In light of whats happening with PPI claims - I believe i was mis sold PPI as wasnt given all the options available when took loan online - The loan was in 2004, which is just outside of the 6 years. Can I still claim this back?
  11. Whats the process for a court summons, and can i recover the costs of this from him?
  12. Hi I paid a deposit to book a live singer for a show and received a contract for it. The agent that dealt with the booking, within 7 days stated that they wanted more than 3 times more than the agreed price and cancelled the contract and offered a refund. He said the refund would be in my account on a saturday over a week ago, but he then emailed me saying that he couldnt deposit cash into my hsbc account as he wasnt a hsbc customer and he'd sort in the week. He still hasnt refunded the money, and my bank said they cant dispute or recall a faster payment. When calling the agent he doesnt answer the phone, and then i'd get a text saying he'll call the next day...i then dont get a call back... What are my options in recovering this money? The amount in question is £750.00. I have a copy of the contract, email from him saying that he couldnt deposit the money as it was a saturday etc, aswell as a copy of my payment receipt.
  13. not checked my wifes though as the letter was addressed to her as she's the main policy holder... does this notice mean default on her file??
  14. Whilst we were away our house insurance policy renewal premium wasnt paid by the bank on 2 occassions and the insurers sent a letter stating Default Notice Served Under Section 87(1) of the consumer credit act 1974 and there was a deadline dade within 2 weeks to pay the premium to remedy it. We were still away, and on return have received letter stating that as they've not heard from us, the policy renewal has been cancelled. I've called them and they stated that my policy was paid up to the end of the policy which was 5th sept 2009 to 5th sept 2010. As they not recieved payment to renew it, they cancelled the renewal. So does this mean they would have put a default on our credit files? Or just cancelled the policy, when calling insurer they said they cant confirm to me if this has affected my credit file. My wife was main policy holder, i was additional policy holder - there is no default showing on my file..
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