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Everything posted by westlandbabe

  1. Hi matrix, glad you feel a bit more contented with the situation. They won't stop your payments while working out your new payments, I've made changes before and my payments have never stopped. You'll find your next payment will reflect the changes, you'll probably notice the difference in payments before you actually get your new Award notice. Keep us posted, I'll do likewise. Still nothing through the post.
  2. Thanks everyone. Well I contacted them yesterday by phone (you're right matrix it takes bloody ages). The guy I got was lovely but again, I had to hold while he went off to check what was happening with my renewal. He came back and said there's no problem with it, it's a problem on their behalf that everything is moving very very slowly at the moment and I should receive my renewal shortly. Phew! Backofbeyond, my payments meantime have been the same as always, don't know anything of the additional payment the system generates you speak of??? Has everyone received this?? Matrix I know it's tough when you have bills to pay. Don't they understand that when a lot of people are living month to month it's not always easy to hold back 'overpayments' and yet they expect everyone to have this extra money sitting in a seperate bank account not getting used!! Go figure! If we all had bank accounts whereby we could put additional money in and not spend it I don't think the majority of us would need additional help with our incomes! Chin up matrix, I'm sure you'll also hear from them soon, the guy I spoke to did say it was fault on their behalf that the system is working incredibly slow at the moment. Good luck and thanks guys!
  3. Hi everyone Just wanted to say how useful this thread has been and I wondered what everyone's updates were? I renewed my WTC over the telephone on July 30th and as of today have heard nothing! Am starting to worry now. I did receive a letter in June asking saying that my childcare was under review and they asked for proof of what I had been paying my childcare providers and a copy of my contract with them which I provided. I received a reply a few weeks later telling me they were happy with my information and they would not be pursuing the review further. But I've heard nothing on my WTC renewal and it's now been 8 weeks. Anyone else heard back from them after 8 weeks?? Thanks all
  4. Hi there I too have had similar problems with Birmingham Midshires. They transferred us to interest only last year for a period of 12 months after my hubby was working on very little hours and as I had 3 children under the age of 2 (2 being twins!) it wasn't going to pay us any extra for me to go out to work and have a childminder in. However we missed one months payment in May and they put us straight back on repayment! We simply cannot afford repayment and our arrears are at £4,000. They are only at the stage nowof threatening that they are starting court proceedings but what I have been doing is continuing to pay the interest only amount. I was advised that if you keep doing that, a judge will look favourably on the fact you are trying to pay something within your affordability range. They are supposed to explore all options with you and to be honest, I don't think Birmingham are very good at that. I wrote and asked them to continue the interest only for another 12 months as we are very confident my husband's business will have well picked up by then but they said no on the basis that they look at your 'investment potential' which basically means if you get to the end of your mortgage term then you need to have something to pay off the mortgage with if you've (worst case scenario) been paying interest onlu for the full 25 years. Considerng my husband built our house, our mortgage is £160,000 and the last valuation 18 months ago was £420,000!!! And that's during an economic downturn so I think they're missing something!! I've also just recently written to them asking them to transfer the arrears to the end of our mortgage term but I doubt they'll agree to it. Try not to worry, hav you tried contacting any independent debt counsellors/advisors in your area?
  5. Hi everyone, I've not posted since I launched my campaign to reclaim PPI from Welcome back in the middle of May against 3 accounts I had with them which I settled and closed3 years ago but....good news......got letter today saying they uphold my complaint and offering compensation for the full PPI amount plus interest plus the 8%!!!! Am delighted with the outcome.........bit of positive news for you all......it CAN be done!!
  6. I'm sure he is, however it would be great if any news could be shared with the 'group' ?!!
  7. Interesting Sparkie, my guy from financial rights spoke with me last night on that very subject about interest! He noticed something in the terms and conditions about it being applied to charges etc and said it's a whole big mess. They're looking at it more closely for me this week before writing off to Swift so will also keep everyone posted on what his team find out! Mark, loving your idea. Once we get all the facts as Sparkie mentioned I defnitely think it's worth working together on a template:cool:
  8. Guys, sorry for the continuous posting, just as I'm remember info from yesterday's meeting. This might be useful for those in the same position as me, i.e. I have a 2nd charge mortgage with Swift on a buy-to-let property I own. I thought I couldn't sell the house as the current value doesn't equal what I owe in the two mortgages.....not true! Apparently I CAN sell the house, the 1st charge mortgage will be paid off and the 2nd charge, i.e. swift will get the rest. If that isn't enough to cover what I owe....then the loan becomes 'unsecured' i.e. I can negotiate to pay them the balance. They cut all interest for a start,and I could probably get away with paying them as little as £10 a week if I can prove that's all I can afford. I don't even have to 'legally' prove that's all I can afford. These guys don't want to bankrupt you as then they get nothing so will almost always accept any offer of repayment that you make. Just a wee FYI!
  9. Sorry Rick, meant to add, have you checked your original agreement to see if it states anywhere about interest being charged on 'charges'. Mine only states the charges for being late, missed payments, etc, says nothing about interest. If not, you'd have an even stronger case for arguing to get them taken off, possibly under the 'mis-sold' route. How affordable was your loan when you took it out, i.e. were the repayments close to the maximum you could afford? If so, it apparently works under the mis-sold umbrella that the company could not possibly expect you to be able to afford interest on charges, or interest increases etc. Am just learning about this myself so will fill you in as I learn more:D
  10. An update on my own situation. Spoke with debt guy yesterday, filled out questionnaire for lawcomm to audit if I have a case to pursue. Seems I was confused about the no win no fee etc. It costs £295 for them to audit my case. If they decide I have no case to pursue, I am refunded £250, thus paying them £45 for their time in looking at it. If they think there is a case to pursue then I don't pay anything additional at all! They are confident enough if they take on my case that they will win and apparently thus Swift are then liable for their costs. I'll head back from them within the next week or so on whether they are going to pursue this. Interestingly, I got a call from the broker this morning to schedule an appointment with me at Swift's request to do an income and expenditure questionnaire, which I asked them to do six months ago as my circumstances had changed so much, and they refused! Am surprised to be honest, last time I was late with a couple of payments they went straight for threatening repossession!!
  11. Hi Rick, with regards to the interest going up and yet not going down I would imagine there would be some conflict under the 'unfair relationship' umbrella. I too have had the same problem with Swift increasing my payments but yet not decreasing even though bank and Libor rates are at an all time low and I'm pursuing this with them under that term via Financial Rights Northern Ireland. With regards to unenforcability you might just have a case there too considering you took the loan out before 2006, check your original agreement for the areas previously mentioned on this thread to see if you might have an unenforceable agreement, such as APR not being correctly stated etc. Charging interest on charges for the life of the loan seems ridiculous!! Read back through the whole thread, I know it seems tedious but you will find the answers you're looking for. Sorry I can't be of more help, I'm new on here too and still finding my feet with all this information;)
  12. Excellent guys, great reading Busterg. Marky you've certainly been busy:D I'm also going down your route of contacting OFT, it's essential! Dougal I'm pretty sure I'll have plenty of questions before this 'goose is cooked' and Apollo advice heeded. Thanks for the support guys!
  13. Caro, thanks for the advice on both fronts. I will indeed do the prior and with regards to the latter I haven't yet committed to anything and take your points on board. It is my intention to take some time over the weekend to look at the template letters etc and see how I would go forward with this if I were to do it on my own. It is quite tempting to go down the line of having a bigger organisation's backing but I also understand where you're coming from. Keep you posted!
  14. Thanks for the advice Suetonius. I'm being ultra-careful. With regards to looking at the assistance of other CAGGERS however, I'm afraid I have an issue with that........ It would seem that my requests for advice or help of any kind, or in fact my mere presence on this forum, is not wanted in any shape or form! I have received great support from quite a few, Marky, busterberg, doc, lookingforinfo to name just a few; however, almost immediately I have also been met with distrust and almost contempt. When I simply questioned why 'some' would be distrusting of my posts or requests, I was suddenly referred to as a 'rude' cagger 'slabbering' nothing but nonsense! If anyone would care to read back through any of my posts I'd love to hear how this conclusion has been reached. Various 'pm's' have left me feeling quite distressed and, in the last case, disgusted to be honest. Remarks left by one forum member in particular have upset me greatly. I am a 31 year-old female who has been through a particularly bad time this past 18months. I have 3 gorgeous children under the age of 3. I am a good person. I have never meant or wished ill of anyone. I was elated when I found this site and reading through the posts everyone seemed so helpful and knowledgeable and I just had to join in. What I have been met with is, I repeat, disgusting! I am not tarring everyone with the same brush. Why should I justify who I am or what I'm doing here? Why shouldn't I ask for advice? Why should I be excluded from news and noteworthy events in the quest to find justice against Swift? Why have I been labelled as rude? And why, most importantly of all, SHOULD A YOUNG MOTHER OF 3 TRYING TO MAKE ENDS MEET "PADDLE HER OWN GOD DAMN BOAT UP THE FOYLE" (to quote one disgusting poster in a PM) WHILST TRYING TO SUPPORT 3 CHILDREN WHEN ALL SHE ASKED FOR WAS THE HELP AND ADVICE MOST OF YOU ARE ABLE TO GIVE???? Sorry for the rant but I am furious. I'll be starting my own thread because I really don't need any of the abuse but I believe these forums are invaluable, as are most of the forum posters. Good Luck to the rest of you!
  15. Wow, very interesting indeed M, thanks for this. It would certainly help get the albatross off from round my neck whilst I battle same for recoup of charges etc and the mis-sold aspect!! Am off to check it out:D For Caro: I didn't see The One Show last night, wil try to catch it on BBC Replay but I'm afraid I agree with overdone. I just don't have the time to research my avenue thoroughly and compile my arguements etc the way some amazing peope have done on here. I also think the backing of a larger firm who have dealt with these people before holds much more weight, even if it is for a percentage of what you get back. If it means I'm helping to hang Swift out to dry I'm all for it!
  16. Hi Doc I'll get all the info you need together and PM you;)
  17. Hi M, I know, am certainly being cautious and not overly optimistic just yet. The law firm complete an audit following receipt of my questionnaire. The fee is £295. I also have to send a cheque for £10 for the firm to request the info from Swift. If they find there is not going to be a case to fight, I am refunded £250 so it's cost me £45 for their time in looking into this. If there is a case to fight, they do so on a no win no fee basis and if and when they win, Swift are liable for their costs. I wil be makin sure I have it said in same in black and white before going ahead with anything don't worry:D It works out handier for me to be honest, with 3 bambinos under the age of 3 I just don't have the time to research and follow this through myself. I willmost definitely be keeping you all posted meeting by meeting as if this lawfirm know the background and have any kind of success others on this forum would no doubt like to have their details. Thanks M!
  18. Hi M, it's not actually his company that does the 'dealing', I'm not sure what the correct term is but basically he matches your requirements with the right agency, company etc to fight your case. The company he's using, lawcom or lawcomm (not sure of sp) have had many dealings with Swift in the past twelve months and while he didn't actually give me a success rate he did say they are notoriously hard to deal with (quel surprise) and he did mention a recent court case whereby this company represented a couple in court on a repossession matter. It apparently came to light Swift had massively inflated the valuation of the property or something so that the couple could borrow the maximum and he said the judge ruled the case by adjourned to another date when he wanted to see the valuer and a few other people. Apparently he was furious with the apparent evidence and according to credit guy the couple are now in line to receive massive compensation. I'm not 100% sure of the exact details Mark but he's coming back to me Friday to fill in the questionnaire for the audit so should have more info for you then. To be honest there was so much ground covered today and I'm still processing:D
  19. Hi everyone, just to give you an update. I had a 'credit guy' who deals with these unfair credit agreements etc etc come to the house today with regards to a matter I'm having with Swift Advances. Anyway, he's also going to look at my brother's Welcome issue. he said he has dealt ALOT with Welcome over this past while. Anyway, he reckons my borther is entitled to the whole PPI refund of £2,000 plus interest. The interest they were charging him was 44% and he said that would be over 6 years!! Happy days if it works out that way. The crowd dealing with it operate no win no fee and if and when my brother wins they only take 10% of the refund which I think is pretty good under the circumstances. He also said with Welcome they usually pay out within 3 months. Fingers crossed!!!
  20. Just thought I would post with an update following my meeting with 'credit guy.' He thinks I definitely have a very strong case for going down the 'mis-selling' route. We're going with a company called lawcom or lawcomm who will do a thorough audit of the agreement etc and judge of I have a case to pursue. It costs £295. If there is no case to pursure I'm refunded £250. If there is, they do so on my behalf so I'll know more once the audit is carried out. Have got to say I'm happy to pay the money to have an organisation in the know with these things handle it for me, there's so much info for me to grasp. At least if there's no case it's only cost me £45 to find out:) Will keep you posted. Credit guy said he knows only to well of Swift and their dodgy dealing......."tell me about it" I replied:D
  21. Sorry to hear of your trouble Smartchick, I really hope everything works out for the best for you. I can tell having not been on here that long there's overwhelming support if and when you need it! Best wishes!
  22. Ooops, sorry Doc didn't see your post above before I posted mine in reply. Stupid laptop isn't refreshing quick enough me thinks!
  23. Have a look at Goldman and the counting beads I'm guessing Doc!
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