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hobbes741

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About hobbes741

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  1. Hi all, that is the house sold, debts paid, and GE Loan settled. I then set about the SAR, and have just received it through the mail - all 80 pages! Loan was brokered by Loans.co.uk. My lawyer repeatedly asked for a redemption figure to tie in with the day the monies would be available, as they were only valid 24 hours. After 3 separate tries, we ended up 'guestimating', and added a further few hundred £'s to the latest redemption they had sent out, to allow for interest/charges for the missing days. According to the info sent, I am still due them £288 for solicitor interim legal fees - run up 28 days after the loan was repaid!!! I also received a second correspondence from them, stating that although they will provide the information requested within the 40 day stat, they are not in the position to provide copies of any telephone call unless I provide the following information: date of call, time of call, telephone call to which or from where the call was made. They then go on to say that telephone call records are only kept for 3 years, and even if I do provide the above info they may still not be able to provide details due to technical reasons. I don't know if this information is required to take this further, but as I recall most calls went along the lines of me calling them to offer what I could, them saying it wasn't enough, and even if I did pay it I would still be required to pay interest upon the interest upon the interest etc etc. As for recalling numbers, GE money had a great system where I can only presume they bought up loads of different area codes and dialled from them, Perth and Aberdeen being 2 I remember among literally hundreds. Now the pressure is off with offloading the house, I am like a dog with a bone regarding this, so I would surely appreciate your help in what I do next in order to claw back a bit from these financial bullies! Thanks again x
  2. Thanks so much for your information. My home is currently for sale, and there is a mandate for this loan to be taken from proceeds. I take it that if I pay it out, there would be no way of me fighting the unfair charges. Can you tell me if there is a company who would be willing to take this on for a fee? I did have PPI, which I claimed for a year, but then they deemed my condition as pre-existing, (it was news to me, as I had shown no symptoms previously) so I am unsure as to whether I would have a claim there. Thanks again for your help.
  3. Hi All, Im just new here, and am really hoping I can get a wee bit of advice. I took a secured loan with GE Money in September 2004. In November of that year, I suffered an injury at worked that resulted in permanent disability. Things have been very difficult since then, and I have been juggling the small amount of money I have to try to at least pay my creditors. The loan was taken at £7000, plus interest of £1050, making a total of £8050. Although payments were sporadic, over the next 10 years I paid to the account £10,333.44. Due to a load of bad circumstance, I am now forced to sell my home or risk repossession. I asked GE Money for a redemption figure, and they have sent me a total of £10,824.93. After I pay this, I shall have paid the grand total of £21,158.37, for an original loan of £8,050. I have not much experience in finance, and I fully acknowledge that payments being made on time would not have resulted in extra interest being added, but paying 2 1/2 times the original loan amount seems pretty harsh. Can anyone please advise? I tried the FCA but they said they do not handle individual cases.
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