Hi, very interesting thread. I too have issues with a credit agreement that I believe is unenforceable. My own situation is somewhat different as I have a loan that is in my name that was takwn out by my ex-wife. While we were separated she forged my signature (looks nothing like my own signature) and had the loan transferred to her own account. When I discovered what had happened I spoke to Northern Rock (NR) who supplied the loan. They told me that if I had a dispute I would be required to make it formal and it would have to be reported to the police. The problem I had was that if I reported my ex to the police and she was convicted of fraud, she would lose her job which would then warrant her being eligable for more maintenance from myself - catch 22. So until now (3 years on), I have reluctantly made the loan repayments every month. While reading some of these threads I believe that the agreement may actually be unenforceable as the APR and repayment amounts stated on the agreement do not add up. The APR is listed as 5.9%, the loan amount was £14000 with interest totaling £18480.00. The agreement states monthly repayments of £154.00 and a term of 120 months. There is no reference to a final payment. If I use an APR loan calculator with the above APR, loan amount and term, the monthly payments come out at £153.65 and not £154 as noted on the agreement. Does anyone know if I have a case to go back to NR and dispute the agreement? Thanks, Stu.

Coming back to this (after some months), I have discovered that the loan was taken out pre april 2007. on the agreement NR show an apr of 5.9%, however, the monthly paypments shown on the agreement do not calculate to the apr shown. is this something i can go back to NR with to dispute the agreement?

OK, thanks for the help. I will write to NR and ask for copies of all agreements and all other correspondance. Am I within my rights to request copies of audio or transcripts of recorded conversations? Thanks for your help. Stuart.

The signature on the application looks nothing like mine, it is completely different. When I originally contacted Northern Rock they said that when the loan application was made, they would have called me to verify the loan as it was a postal application and this was procedure. I informed them that I had not been contacted. They then told me that this conversation would have been recorded. I asked to hear a copy of the recording to which I was told they would get beck to me. When I called a few weeks later to see what was going on I was told that it had not been possible for them to access this recording at this moment in time! The divorce settlement was based on the combination of both of our incomes and all assets and a 60/40 split in my ex-wifes favour. I was told by my solicitor that if I reported the fraud to the police and as a result she lost her job, it would upset the balance and I would incurr larger maintenance fees and a bigger initial settlement payout. Northern Rock told me that in order to investigate it further I would have to contact their fraud department and also report it to the police. At the end of the day, what ever has happened, I cannot jeapordise the security of my children, so reporting a fraud to the police is just not an option. My fight has to be with Northern Rock.

Hi, Very new to this, but have spent a few days reading some of the forums and am very impressed with what I have seen. The problem I have is that while I was still married (although separated), my ex-partner took out a loan with Northern Rock for £14000.00 and forged my signature on the application. The money was paid into her own bank account and I had no knowledge (or benefit) from any of the money. She made the repayments from the same account the funds were paid into. The first I realised of this loan was when she had to submit a form E for the financial side of the divorce. When all of the financials were investigated, we discovered that she had taken out two loans over a 4 month period, one for £6000.00 which was in joint names, and one for £14000.00 which was in my name only. For both loans she had forged my signature. I had no benefit, or knowledge of these what so ever. The money has simply disappeared. When my solicitor investigated further, he dropped a bit of a bomb shell on me saying that there were moral and legal issues here as if I reported the fraud to Northern Rock they would insist I reported it to the police and, if she was found guilty, she would undoubtedly loose her job. If I did nothing then I would have to pay off the loans. If she lost her job I would be liable for a much larger amount of maintenance (we have three children who live with their Mom 4 days each week). At the moment I give her £500.00 each month in maintenance for the children, if she lost her job this was estimated at over £650.00. Since the divorce, I have managed to pay off the loan that was in joint names (£6000.00) by borrowing the money from my parents, however I am really struggling to pay the loan that is solely in my name (£14000.00) and it is going to end up pushing me financially under. As my options are very limited, the question I have is, surely Northern Rock should have confirmed the signatures before offering the money, they didn't even make an attempt to call me to verify the application. They simply handed over the money with no questions. Do I have any grounds for questioning Northern Rock over the loan, without having to report a fraudulent act to the police?