Thanks Sam.x:)

THANKS FOR YOUR ADVICE. I HAD A FEELING THIS COULD BE A CON SOMEHOW!

Thanks for your advice. I would be more than happy to report then to the OFT but what reason do I state in my letter? How could this benifit me and others? Is there a template letter I could use as I am not very good at putting letters together. X:???:

I have not posted on this thread before but would really welcome some advice in respect of Lowell. me and my OH have received a letter today from the company offering me and my OH the chance to bid on our debt. Our accounts are currently with Payplan and a small amount are being paid off each month. Would it be worth us bidding on this How much would you offer? Has anyone received a letter like this before? Any advice would be welcomed.

Thanks for your advice We received a letter from the rescue company stating Picture Financial had gone into liquidation. Is this what you mean. However when we contact the company they still answer as Picture and all correspondence is on Picture headed paper. This leaves me feeling a bit confused as to what is going off.

Thanks for your advice. Where would I be able to find out this information about the company. I can give the name of the "rescue" company but am unsure whether I am allowed to do this on the forum.:-| I have no problem making the repayment, however things are a bit tight at the moment as my husbands hours have reduced by half, so I guess it was worth finding out what I can just in case our situation deteriorates.

The DMP is with Payplan. I have asked Payplan to include my O/D and loan with Natwest in the repayments.

I am requiring some help and advice in respect of this situation. I have a secured loan with picture financial. A couple of months after taking out the loan I questioned the PPI as I felt it had been misold. The company refused to help. As a result of this I contacted the FOS as the PPI on the loan was misold. In early 2008 the FOS transfered the file to FSCS as Picture went into liquidation. I like many others have been waiting for the company to be declared in default. When the company ceased trading a "rescue" company came in and are now dealing with all repayments. As far as I can see my contract was with Picture. I would welcome any advice on where I would stand legally if I refused to make my monthly repayment to them. If I refused to pay what could the company do about it? also would I be in my rights to withdraw payment until the company dispute has been resolved?

Thanks

I have been in a similar situation with HSBC. I have accumilated more that £500 bank charges within a year due to the reduction in my husbands hours. I contacted the bank and tried to get them to refund them, explaining that this would help prevent me going on a DMP. They still refused. I am now on a DMP and am wondering whether to contact the FOS to look into this situation further. I have no issue with the chrges being refunded to my DMP account. Does anyone think I would stand a chance with the FOS? By the way, I have made a request to close my HSBC account but they have refused to do this which means I continue accumilating charges. They have stated that as I have a loan with them that is currently being repaid by the DMP at a reduced rate, I have to keep my account active. Is this right?

I am requiring some help and advice in respect of this situation. I have a secured loan with picture financial. A couple of months after taking out the loan I questioned the PPI as I felt it had been misold. The company refused to help. As a result of this I contacted the FOS as the PPI on the loan was misold. In early 2008 the FOS transfered the file to FSCS as Picture went into liquidation. I like many others have been waiting for the company to be declared in default. When the company ceased trading a "rescue" company came in and are now dealing with all repayments. As far as I can see my contract was with Picture. I would welcome any advice on where I would stand legally if I refused to make my monthly repayment to them. If I refused to pay what could the company do about it? also would I be in my rights to withdraw payment until the company dispute has been resolved?