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outerspace79

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  1. Thanks - I will accept that and continue with the other loan as they havent offered anything with that so hopefully FOS will rule on that one too
  2. Yeah i complained about chetwood as a companyt even those the loans are with 2 of their different companies (ie betterborrow and livelend) There are no defaults so thats fine. The FOS have asked if i want to accept the offer for betterborrow and i can still continue with my live lend claim and they will assess that as the loans were taken out different dates 2019 live lend and 2021 betterborrow so do i just reject it and ask them to review both at the same time with the FOS Sorry if im not getting my point across well but i just want to ensure whatever i do is the right thing as at the moment i have the betterborrow on the table as an interest free loan but still obvs have to pay capital back which i understand but if i reject their offer the FOS might rule against me and then means i have nothing or is it the fact they have made that offer the FOS will rule that one in the findings anyway so might as well get them to do both at same time?
  3. The concern i have is that the betterborrow is an offer and if i reject then the ombudsman may decide that it wasnt irresponsible etc which then means i get nothing back. I have 2 loans with Chetwood (live lend and betterborrow) and they are only offering the wiping of interest and giving it back on 1 of them (betterborrow) however the Ombudsman has advised if they ruled in my favour they would also have to update my credit file and agree an affordable repayment plan which they havent offered in their offer. So in summary the live lend will be ruled by the FOS anyway as they wont offer anything but its the case of do i just accept the betterborrow offer now and wait for the Livelend decision or reject it and allow the FOS to review both
  4. Ok - They are with the same company Chetwood so i guess it makes sense to take their offer for betterborrow so thats locked in and allow the live lend to be decided by Ombudsman as i could run the risk of the Ombudsman ruling against both - I dont think that would happen as they wouldnt have offered on the one they have but was worried if i accepted the offer on Betterborrow it would impact my overall complaint but in reality they will rule on them separately regardless i take it as different transactions and circumstances for each one. I guess the risk isnt worth taking for betterborrow as the offer is on table to refund the interest and ensure no more is applied so basically makes it an interest free loan i would say
  5. Hi - They are only offering it on the betterborrow one therefore do i accept the offer on betterborrow and the ombudsman will still decide the live lend as they wont offer anything on that one? I just didnt know if there was any impact by accepting 1 and allowing the other for Ombudsman to rule or if i should get Ombudsman just to do both at same time? They said if they do it then they would ask for b) If any capital balance remains outstanding, then Chetwood should attempt to arrange an affordable and suitable payment plan with you. To remove any negative information recorded on your credit file relating to the loan. look forward to response
  6. Hi Yes and it was rejected however my question is more to do with the offer from Chetwood v what the Ombudsman would decide/rule as to what would be best which is what i have put in the post but if you would like more information to help i'm happy to supply it but in short i want to know if the offer they have made is what i should take or reject and allow Ombudsman to rule but as i see it there isnt much difference. They wont offer anything on the Livelend which the Ombudsman will rule on anyway so its a case do i reject and send both? Thanks
  7. Hi - Im looking for some advice - I have recently had a complaint rejected which went to the Ombudsman. I had 2 loans with Chetwood 1 for 11.5 taken out in 2019 and 1 for 12.9k taken out 2021 (These are with same company but one is Live Lend and 1 is Betterborrow) They have come back today with on offer on the Betterborrow loan only as below: Remove the interest paid to date. Refund the interest at 8%. Stop the interest going forwards. Would it be better for me to reject this offer and ask for both loans to be assessed as one as feel if i accept and ask ombudsman to rule on just the live lend that weakens my case as they cant take the whole situation into account? I asked the Ombudsman what they would normally advise company to do if loan is upheld and they advised: To add up the total amount of money you received as a result of having been given all the loan. The repayments you made should be deducted from this amount. a) If this results in you having paid more than you received, any over-payments should be refunded along with 8% simple interest (calculated from the date the over-payments were made until the date of settlement). b) If any capital balance remains outstanding, then Chetwood should attempt to arrange an affordable and suitable payment plan with you. To remove any negative information recorded on your credit file relating to the loan. So to me it sounds like Betterborrow have offered pretty much that but im not sure if its a tactic they are doing so i accept and then it weakens the Livelend claim thus not having it all done together, on the other hand if i reject their offer and the ombusdman rules against then i would have nothing. Any advice is appreciated on if accepting 1 impacts the other or should i just ask Ombusdman to assess the lot and they will likely rule the betterborrow on anyway on slightly better terms - The interest on both is around 10k each so its quite a big decision.
  8. I dont recall receiving any NOA therefore will that mean they are just acting on behalf of ? If so then it should drop off after the 6 years which will be in 3 years time?
  9. Well thanks for all your help guys - I have sent my letter of offer for monthly payment on what i can afford along with my budget sheet - They have sent me a letter back with a Standing Order as requested. They have set this for my payment amount i could afford therefore i shall be paying this debt - Even though its for the next 150+ months (lol) Can anyone help if i have a default and the balance on my credit file does this ever drop off? As it will take me 10 years plus to pay this however was wondering once the 6 years is up for the default will this just disappear from my credit file along with the balance? (so technically there isnt any trace on the file?) I'm happy to keep paying it but want it to go off my file as i may want to buy a house in future but if this stays on then there is no point in paying and maybe better just going bankrupt? Whats anyone's thoughts on this please?
  10. Hi - I havent received a NOA from the OC - Will this make a difference, i CCA'd 1st credit and they came up with the goods so am assuming that they are ok to collect this? Can i ask ask for the NOA and if so to who and how? Thanks for advice given so far
  11. It was for a loan - No PPI and all the charges and interest rate are correct and on the agreement. With a correct and detailed breakdown. What next Please?
  12. Hi All, Some help or further advice needed. I have received within the 12+2 days the CCA for my debt. I have found my original copy that i have and the copy sent to me is excatly the same and the correct agreement. Is there anything further i can do or is it time to make an offer to this company as they have provided what i have requested or is there anything else i can do?
  13. Hi All, Just need some guidance as the the next steps. I have CCA'd 1st credit and recevied a reply back the next day saying they are getting agreement from client. The 12+2 days are now up - Do i just sit back as suggested by verywary or do i need to send any sort of letter advising them they havent fulfilled my request? Any help appreciated
  14. Hope this helps Before the court can issue a warrant, the defendant must have: failed to pay the amount he or she has been ordered to pay; or fallen behind with at least one of his or her payments. So in short yes they can providing they have a CCJ against you and you fall into one of the 2 above. However that is a long way off and the last resort
  15. i just click search and then type my username in......
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