Jump to content

Missy06

Registered Users

Change your profile picture
  • Posts

    185
  • Joined

  • Last visited

Everything posted by Missy06

  1. I believe so. If you've calculated compound interest, shouldn't you be putting this on your N1 as contractual interest? The worst that will happen is that they just pay you the purchase interest and refuse you the contractual.
  2. Exactly!....that's what I just told the lady I spoke to!.....it's Barnet County Court. She's asked me to write in to say that the court case is not appliacble to credit cards and will get the judge to look at it for me again... Don't these judges know credit cards are different from bank accounts?......or they're just trying to fob off those who don't know the court case is only applicable to bank accounts?
  3. You have a point there! I'm still thinking of taking mine to court though ....as I want them to take off this default they've put against the account.
  4. You're right on that one! That's what happened with mine. I got no audience until I took it to cour!!
  5. Thanks for the feedback and all the best for next Wednesday.....let's know how you get on. To keep you updated on my claim, last Friday I received a 'General Order of Judgement Order' ordering that: 1) any hearing listed in this case shall be vacated forthwith. 2) this case shall be stayed pending the determination in High Court of the case b/w the OFT and various banks....... 3)within 28 days of the determination of the case the parties shall inform the court as to what further directions they require or whether the case has been settled. 4)persmission to apply for further directions a any time. 5) costs reserved. The order then goes on to say that "any party affected by this order may have it set aside, varied or stayed provided that such an application, together with the appropriate fee, is made no more than 7 days after the date of service of this order". WHAT IN THE WORLD DOES ALL THIS MEAN?!? ......anyone.....? (Phew! So much typing!)
  6. Steokenovo / Ukaviator, if they've only charged C_allen 15% and paid him back 15%, how about the interest on the monies they've unlawfully charged him from the day they've charged him till now? .........it is unauthorised borrowing, isn't it? I thought this was partly the 'power' of Contractual Interest (at least from the spreadsheet I downloaded and used from this site).
  7. Greedfighter, I hope I can claim something back from BF:) I put a copy of the calcs from BF on over the weekend for all to have access to in case I'll help others out.
  8. Thanks Midge61. I'll go over the figures over the w/e and let you all know what the outcome is.
  9. Do any of you Gurus know how I can scan a copy of this letter sent to me from Blemain Finance onto the forum for all to see?
  10. OK so it looks like I wasn't charged any PPI on my Blemain secured loan. However, the following were charged to the account: 1) Default Interest(for non / late payment) = 21.17 2) Legal & Documentation Fee = 585.00 3) Redemption Administration = 58.75 4) Collection Costs = 352.50 They say that the Legal and Documentation Fee is " ....non-interest bearing and covers all costs incurred during the underwriting process associated with the loan.." They say they "..defer payment of this amount until either early settlement or the end of the loan". Can I claim any of these back?......at least items 1) and 4)?
  11. OK so it looks like I wasn't charged any PPI on this secured loan. However, the following were charged to the account: 1) Default Interest(for non / late payment) = 21.17 2) Legal & Documentation Fee = 585.00 3) Redemption Administration = 58.75 4) Collection Costs = 352.50 They say that the Legal and Documentation Fee is " ....non-interest bearing and covers all costs incurred during the underwriting process associated with the loan.." They say they "..defer payment of this amount until either early settlement or the end of the loan. Can I claim any of these back?......at least items 1) and 4)?
  12. Story so far.... Oct 01 - loan taken out. August 03 - loan paid off. 13/11/07 - called BF on 0800-111-6799 and got to speak to the infamous Lee Longdon. I verbally requested the DPA and he asked me why I needed the information. I told him for my personal financial housekeeping as I had nothing in my financial about this loan. He then had the nerve say he didn't see what I needed the information for as the account has been settled. He went on to say ".....it'll take 10 man-hours to get the information and you'll just end up sticking it into a file!..." Can you imagine?!? He also informed me that the loan I took out wasn't a regulated one. Hmmm! Needless to say I sent off a SAR with 10.00 cheque:wink: 27/11/07 - received copy of my credit agreement. Doesn't look like any PPI has been added to the loan:(.... 28/11/07 - received a "more-than" detailed break down of how they calculated my loan settlement using the Rule of 78 (in my SAR I had specifically told them to send me an "understandable" breakdown of all calculations of redemption as well as an an "understandable" statement of account; not just a computer generated print of figures!"). Wow! I'm actually impressed!.....having said that they might have done this simply because they know for definite that I don't have a valid PPI claim!! Am I correct in saying that if one paid PPI it would be itemised on the original credit agreement?.... Anyone know?
  13. Thanks for the feedback. I've decided to keep the partial payment. I'm just awaiting a court date now. I'll make the 1st payment of 35.00 to Bryan Carter and hopefully when I get my contractual interest of 85.00 from Crap1, it'll clear the remaining balance. When all this over I'll be claiming for wasted costs as well!.......especially on the default side of things. I've spent so much time on this it's unreal!!
  14. Hi all. Here's the history: 24/11/03 - took out loan for 10,000 plus a PPI of 2,824.20. The repayments were 275.01 February 2006 - paid off the loan. 16/10/07 - sent complaint letter requesting PPI refund with contractual interest @ 13.9% 18/10/07 - got a phone call from the manager of the Blackhorse Watford branch saying that the account has been closed and no refunds can be made. I told me that's not true and would like him to put his feedback in writing to me. He said no problem; he'll pass my claim to the right department who'll send me a formal letter. 6/11/07 - I read on CAG website that they have 5 days to respond (which they'd 'kinda' done by phone) and 8 weeks to resolve the complaint (which gives them till 13/12/07. 8/11/07 - sent them a LBA giving them 8 weeks from 18/10/07 (when the manager called me) to resolve my complaint. 13/11/07 - received letter (looks like their standard one!) saying "...Firstly, I note that you refer to the Financial Ombudsman Service. Although Black Horse Ltd is now subject to the FOS for General Insurance activity, this was only from 14th January 2005. As the Policy you refere to was entered into prior to this date, this will not be a matter for the FOS can consider should you decide to contact them..." Ofcourse, they don't go on to say who will deal with my claim! 24/11/07 - I got another letter from BH saying they're currently investigating the points in my letter. Look like this is a response to the LBA I sent them on the 8/11/07. 26/11/07 - I got ANOTHER LETTER with the exact contents of the letter BH sent to me on the 13/11/07! Does anyone know where I go from here? If they're telling the truth that the FOS won't deal with loans of 2003, do I just take this to court?.....or still the contact the FOS?......or both?
  15. Hi all! I've gotten some paperwork from BF over the last 2 days....my credit agreement and a detailed breakdown of how they calculated my settlement figure using the Rule of 78 (took the loan out in Oct 2001). I'll be taking a look at these in the morning and feedback to you ASAP.
  16. Hmmm! There are parts of this forum highly suggesting that one shouldn't accept partial payments where contractual interest in concerned...
  17. Thanks for the feedback. I've sent a letter to the court saying the claim is not settled and will not accept any settlement w/o the removal of the default. I also faxed a copy of the letter to the Legal Dept of Crap1. Robinson Way confirmed about 1.5 weeks ago that Crap1 have already refunded the 163.64. Do I have to ask them to refund this to Crap1? The balance on the account with Robinson Way is now 105.00 (less the 163.64 paid by Crap1) and last week I said I might clear the balance with payments of 35.00 over the next 3 months. RW have since written to me that they can agree to the 35.00 over 3 months with the 1st payment due Dec 1. What do I do?
  18. Letter written and will be in the post (and fax!) once the post office opens!
  19. ps: why are we asked not to accept partial payment when claiming contractual interest?
  20. Thanks for that. Will be sending the letter today!
  21. ps: that should have read "..do a search..."! I think it's time for my beauty sleep!!
  22. Hi Southeast! In regard to basis for contractual interest, so a search on the site for "Contractual Interest". I'm sure you find quite a bit info on what you require. Also see C_Allen's posting on the 4th of May by clicking here. Hope it helps!
  23. Hi. I've been following this thread but it appears it gone a little quiet! History of my claim:cool:: 15/10/07 - issued claim in court for 100.00 charges, 31.68 interest charged, contractual interest of 80.43 (@ 19.9%) and court fee of 30.00 as well as the removal of a default from my credit file. Total claim is for 242.11. The Date of service was 20/10/07. They have till 20/11/07 to file an acknowledgement of service. 1/11/07 - they sent me a letter saying "All default fees charged to any account are always charged at the purchase interest rate. The total amount of purchase interest we have ever charged to your account since 2002 is 10.30......I am prepared to offer a refund of the default fees in the sum of 100.00, the purchase interest sum of 10.30 and 23.34 which is 8% you are entitled to claim under section 69.....This means you've held an account with us without paying interest on any of your purchases.....I'll also refund the court fee of 30.00....." "....I've refunded 163.64 to your account today. I have advised Robinson Way and they will reduce your balance with them...." "....we have also written to the court to confirm that we have paid in full...":x Are they for real?!? 1/11/07 - I also received a notice from the court that Crap1 have filed an Acknowledgement of Service. They then had till the 20/11/07 to file a defence. 3/11/07 - received a notice from court that a defence has been filed. Had to complete AQ by the 19/11/07. 9/11/07 - dropped completed AQ with directions at court. I believe they have 14 days to file their AQ. 21/11/07 - Crap1 sent me a copy their AQ. Today - I intend to write them and the court that the claim is not settled as said in Crap1's AQ. They've paid everything but haven't paid my contractual interest!...just 8% statutory. Am I on the right track? I really don't mind going to court as I also want the default on my account removed.....that's another story for another day!
  24. Hi. I've been following this thread but it appears it gone a little quiet! History of my claim:cool:: 15/10/07 - issued claim in court for 100.00 charges, 31.68 interest charged, contractual interest of 80.43 (@ 19.9%) and court fee of 30.00 as well as the removal of a default from my credit file. Total claim is for 242.11. The Date of service was 20/10/07. They have till 20/11/07 to file an acknowledgement of service. 1/11/07 - they sent me a letter saying "All default fees charged to any account are always charged at the purchase interest rate. The total amount of purchase interest we have ever charged to your account since 2002 is 10.30......I am prepared to offer a refund of the default fees in the sum of 100.00, the purchase interest sum of 10.30 and 23.34 which is 8% you are entitled to claim under section 69.....This means you've held an account with us without paying interest on any of your purchases.....I'll also refund the court fee of 30.00....." "....I've refunded 163.64 to your account today. I have advised Robinson Way and they will reduce your balance with them...." "....we have also written to the court to confirm that we have paid in full..." 1/11/07 - I also received a notice from the court that Crap1 have filed an Acknowledgement of Service. They then had till the 20/11/07 to file a defence. 3/11/07 - received a notice from court that a defence has been filed. Had to complete AQ by the 19/11/07. 9/11/07 - dropped completed AQ with directions at court. I believe they have 14 days to file their AQ. 21/11/07 - Crap1 sent me a copy their AQ. 27/11/07 - intend to write them and the court that the claim is not settled as said in Crap1's AQ. They've paid everything but haven't paid my contractual interest!...just 8% statutory. Am I on the right track? I really don't mind going to court as I want the default on my account removed.....that's another story for another day!
  25. For those of you who haven't heard from BF despite sending a SAR and a letter of non-compliance, why don't u just go ahead and approximate what u think they owe u (make it a ridiculous amount.....that should get their attention!), send your prelim, then send ur LBA as u would with reclaiming any other charge? If they still don't give a positive feedback just take ur claim to the court.......At least at court they have to show up with all the necessary paperwork to prove their case against u!...... What do u all think?
×
×
  • Create New...