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newstarter

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newstarter last won the day on November 26 2010

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  1. Correct on both counts Wrigley,seems the claimants argued Paragon couldnt call it in because they were not a full 3 months in arrears judge ruled otherwise.
  2. I see Paragon have again won in court this time this time calling in 6.9 million buy to let business.
  3. My apologies for the lack of clarity Airwolf,and the mistakes numerous glasses of white wine on a Saturday evening does little for my legal reasoning on points of law,however i do believe that s140 has little to offer and is at best weak,i know i wouldnt use it if i were defending myself but thats my opinion and would be my choice,for me that defence has lost its credebility.
  4. I was wondering when this case would get posted on the thread,thanks Airwolf a very intresting case it was and well explained,its good to see some in depth detail now and again.Peter Bentleys case centered around s140 cca 1974 ,the case has been well outlined by Airwolf so i wont repeat what has already been written.At the time it was seen as both a warning to lenders and a victory for the borrower,to many there had in fact been an unfair relationship between the lender,Blenheim Finance and the borrower Peter Bentley.However once the dust had settled and a closer was taken at this case it was
  5. Good question,of course if the new owners try it on with arrears charges,late payment fees,intrest charges an so on you can take your case to the financial ombudsman where an adjudicator will look at all the paperwork and make a decision,they are not consistant but people have had decisions go their way.Then of course there is the F.S.A,however they are not much use unless they recieve complaints on mass.Finally there is the option of going to court to fight any future financial battles,however the only people who get justice in a civil court are those that can afford it.S to answer your quest
  6. Do you remember years ago when building societies were begging their savers to vote for change with regard to turning themselves into banks,why do you think they wanted to change to banks so badly?For a start building societies were heavily regulated,they could only lend out what savers put in,think about it,if the B.S lent out 20k it would need 20k of new savers.The reason why they wanted change so badly was that it allowed them ( as a bank) to borrow money from outside sources and not just the savers,it also meant shareholders owned them seperate from savers,plus they would raise millions fr
  7. Up to 25k taken out after may 98 and before april 2008 will be covered,before may 98 loans up to 15k are covered.
  8. Thats the company that escaped my mind at the time.
  9. Im afraid not,was reading a judgement only this morning where Webb were granted a P.O due to arrears,judge sited lack of communication from the borrowers as the reason for the judgement,also stated the very act of this couple defending Webbs action was almost an abuse of process.
  10. Got em,yes loans for self employed.Right,they have not gone bust but have sold your secured loan on to G.E Money which they are entitled to do ,first off stop worrying you are not going to loose your home over 3k arrears of that im as sure as i can be.However you need to start the ball rolling now,first off i would be wanting the credit agreement and a breakdown of all charges,dont talk to them on the phone,everything in writing from now on.Also do a S.A.R request you wont get it back for a court hearing but will come in usefull for claiming back those charges.
  11. ps just type webb resoloutions into the small browser at the top of this page,its an intresting read.
  12. Well back in January of this year a number of cag members posted their concerns after Picture sold a large part of its loan portfolio to a company called Crown Mortgages whose collection arm was Webb Resoloutions.Crown Mortgages specialise in buying up distressed loans and mortgages which are in default,now Crown are part of an even bigger outfit the name of which escapes me at the moment.I commented back then of trouble ahead,you can read the thread for yourselves,but the point im making is,not all customers of Picture will be dealing with the same company,ie Paragon/Idem there,s more than o
  13. Somethings been nagging at me relating to this thread and i now know what it is,has anyone had any dealings with a company called Webb Resoloutions with regard to their Picture loan ?
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