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pf01

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About pf01

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  1. Sorry to say that we ran out of ideas and eventually put the loan onto interest free card and paid the full £9000.00. I regret this as I now think that it would have been better to have defaulted on the loan and then negotiated a settlement figure. I recently did one with MBNA (virgin card) where my £9600.00 debt was settled for £2000.00 I just didn't know that banks etc would do this at the time. best of luck
  2. But is a "partial settlement" significantly bad or will it do no harm in the future
  3. Hi following MBNA acceptance of f & f settlement of £2000.00 against a debt of £9600.00 I questioned the messages left on my credit file. They say they will record a partial settlement. Is this as bad as a poor rating and should I insist on leaving no such message that would be detramental to my score. Advice please
  4. I have been offer a full and final settlement from MBNA of £2000.00 against my credit card debt of £6500.00. This has been agreed with minimal prompting on my part although I did explain six months ago that I was struggling tho make the payments and they put me on a hardship plan. Their first request was a settlement figure of £3500.00 which I negotiated down easily to £2000.00. My question is how can I limit any adverse credit scoring and can I insist on them not refer to this as an unpaid debt.
  5. I have been offer a full and final settlement from MBNA of £2000.00 against my credit card debt of £6500.00. This has been agreed with minimal prompting on my part although I did explain six months ago that I was struggling tho make the payments and they put me on a hardship plan. Their first request was a settlement figure of £3500.00 which I negotiated down easily to £2000.00. My question is how can I limit any adverse credit scoring and can I insist on them not refer to this as an unpaid debt.
  6. I have been offer a full and final settlement from MBNA of £2000.00 against my credit card debt of £6500.00. This has been agreed with minimal prompting on my part although I did explain six months ago that I was struggling tho make the payments and they put me on a hardship plan. Their first request was a settlement figure of £3500.00 which I negotiated down easily to £2000.00. My question is how can I limit any adverse credit scoring and can I insist on them not refer to this as an unpaid debt.
  7. you must try to exploit the linked loan agreement but the financial ombudsman ruled against me, still don't understand quite why, best of luck as I am sure there is strength in numbers. I found the CAB unless and the odd solicitor who thought I had a good case but wanted £200.00 to start work which would probably end up at £1000.00.
  8. sorry to hear this, we tried all avenues possible including asking for the copy of the agreement. Needless to say that stated that they didn't actually need the original agreement and as we started payments it confirms that we understood the authenticity of the agreement. We used a 0% credit card to clear the debt as it was costing us a fortune in accrued interest. They had us over a barrel. I guess that because we have settled the debt with them we have effictively given in but I still wonder that if we have paid for this with another credit card could they be held responsible and liable to r
  9. My wife took out a CDL in 2004 for £8000 to begin a course at the South West College for Oriental Medicine to study for 4 years in acupuncture. The course ceased after one year and has since been liquidated with no assets. The medical practice which is run by the same person from the same premises still continues. From the time the course ceased we were liable for the debt as stated in the terms and conditions yet we have not completed the course or gained the qualifications to earn a living and start repayments. We desperately need help and have tried everyone including CAB bu
  10. It Sounds Kike You Should Investigate The Fact That It Is A Linked Loan Agreement. See My Thread Career Development Loan Default - http://www.consumeractiongroup.co.uk/forum/general-debt-issues/208420-career-development-loan-default.html
  11. there is no issue with the interest rates The terms state 3.3% although we believed that it was interest free for the duration of the course then payable at 12.9% payable upon completion of the course. If the borrower (i.e. us) ceases to attend for any reason the loan is repayable. The total amount borrowed was credited to the College of Oriental Medicine directly by the bank and not sent to us to forward as fees. The signed credit agreement was collected by the college and sent to BB. That was the last we saw of it with no copies ever returned and no opportunity for any cooling off period or
  12. Also i would very much like to clarify if BB has sent back the duly signed application form (outside of the 12 day Plus deadline) but has not replied to my second letter of a full and final offer figure are they in default of this request or can they simply ignore any approach from me and allow the debt to increase with interest and unpaid monthly standing orders.
  13. just added other versions as .pdf's might be better......sorry
  14. Hi please find the attached documents. There is clearly a paragraph in the brouchure that states that the loan is due for repayment if the course is not completed for any reason including cancellation of the course or failure to complete the course for ANY reason. This still would not stand up if we are attempting to prove that it was a linked agreement between B Bank and my wife. I am new to all this so I am not entirely sure about the execution of this site and uploading files etc. Apologies in advance See URL's agreement scan 1_2.pdf agreement scan 2_2.pdf
  15. Could do but do you required the total document? thanks for your interest will try to do it tomorrow
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