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Everything posted by alanalana

  1. Travesty of what should have been justice via court or Financial Ombudsman Service (which was free and charged the bank quite a fee). Not sure what the current figure is but every claimant through the FOS cost the bank a fee.
  2. Good result CB. I still try and keep up with events. You are doing a sterling job. Regards to all on the team
  3. alanalana

    EGG Loan

    I have a similar issue with a family member. Debt issue was sold on to a DCA. They chased and sold the debt on again. I eventually paid off the debt (Mackenzie Hall) but did not receive any receipt or acknowledgement of the debt. Yes they then sold on the debt again to another DCA. (and several more since - too many to name them all) we have been hounded ever since but now just ignore any calls or letters. I believe the debt is with the original debtor if they sell on the debt then you have no obligation to settle. The original agreement was not with a DCA but with whoever. If they decide to
  4. Pounds to Pocket Representative 278% APR. Representative example: Borrow £500 and pay £79.09 per month for 12 months at a fixed interest rate of 140% per year.1 The total charge for credit is £449.01 (all interest). The Total Repayable is £949.01. Welcome loans Monthly Loan Repayments: £46.33 Application Date: 3/3/2013 processing Fee: £79.99 Requested Amount: £500 Loan Term: 12 months Total cost of this £500 loan over 12 months is £635.95 Just stumbled upon this in my search of loan companies>>>>>quite shocking http://www.standard.co.uk/news/educat
  5. Hey renegadeimp, keep on posting and spread the word about these companies. Steer clear or suffer. There are better ways to survive. aa
  6. Hey CB we need a ban more than a cap. I see the legalised loan sharks are taking advantage if the current financial mess and targeting those less well off even more. Quite a despicable attitude IMO but they are not in the game for welfare JUST A MASSIVE PROFIT. These loan companies have no heart, no compassion, no understanding (oh yes profit) and most definately no conscience. (wikipedia "Conscience is an aptitude, faculty, intuition or judgment of the intellect that distinguishes right from wrong". These organisations are the only ones that will have a survival rate in the current reces
  7. Hi candyapple1, Yes they would!! The banks will claim anything to prevent paying out PPI refunds. If you have the information in black and white from barclaycard then IMO you should pass the black and white info to the Financial Services Authority as well as the FOS. Time to tell everyone about everything on the PPI issue. It is now in the open. It is agreed it was mis-sold on a huge scale by most banks, loan companies, credit card companies, mortgage companies, insurance companies, in fact nearly every financial institution was on the PPI bandwagon. So tell Barclaycard it is now tim
  8. Here is the response from Advertising Standards Agency "YOUR COMPLAINT ABOUT WONGA.COM LTD Thank you for contacting the ASA. Our role as an organisation is to help ensure that advertising is legal, decent, honest and truthful. We can intervene if an ad that has been broadcast appears likely to be in breach of the UK Code of Broadcast Advertising by, for example, being likely to cause serious or widespread offence, being materially misleading or risking causing significant harm. How many suicides are required because of spiralling debt that there is no way out of?? We note tha
  9. Re my last post. If you took out a WONGA loan after seeing their TV ad and committed to borrow without being aware of the APR of x% then you should fight this as it is not allowed to advertise without informing people of the Interest they will be expected to pay back. Firstly complain to the Advertising Standards Agency as per my link in the last post. Then confront WONGA with the issue of their failure to notify the APR in their TV ads and tell them you will be writing to the ASA, and the Office of Fair Trading. Website link is here>>>http://www.oft.gov.uk/ WONGA will try a
  10. Have a look at this and see if it helps. Wonga have stopped advertising the APR on their tv ads. I have complained to the Advertising Standards Authority and so should you just to make a point>>>>> http://www.consumeractiongroup.co.uk/forum/showthread.php?382558-Wonga-advertising-issue-is-it-legal the ASA link is here>>>http://www.asa.org.uk/ hope this helps you out. aa
  11. Job done see this link.....http://www.consumeractiongroup.co.uk/forum/showthread.php?382558-Wonga-advertising-issue-is-it-legal-(6-Viewing)-nbsp aa
  12. My complaint to the Advertising Standards Agency is as follows: The most recent WONGA loans advertisements do not show any detail of the APR which will be applied to any loan. This is misleading to any potential client requiring a loan service. There must be a clear indication of any APR attached to any loan as is required on any credit agreement for bank loans etc. The WONGA loan ads used to show the APR but for some reason this has now been removed and I believe this is in contravention of the ASA rules. Any unsolicited approach to individuals for credit agreements or loans should
  13. Is this an issue for the advertising standards agency? the link is here>>>>>http://www.asa.org.uk/Consumers/What-we-cover.aspx time to complain? aa
  14. I have recently noted that the Wonga ads on TV no longer show the MASSIVE APR that is attached to their loans! Should they show the expected APR on their ads? Is it legal to omit the APR? and if they are in default what can be done? Legal folks please look in and advise!! aa
  15. Has anyone noticed the latest Wonga ads on TV show no APR listing ie massive 4000% plus. Is this legal or is it a measure to keep innocent borrowers in the dark as to what they will face if they fail to meet the repayment on the due day? Legal minds needed on this one I fear: aa
  16. Yes it is CB but you can search on some of the links and come up with results before you commit to the drastic 118 The links do actually work in the original post
  17. It seems from the time I got started on CAG with PPI and there were many successes including my own the claims management companies have jumped on the band wagon. This is sad as it will lead to claimants receiving less than they can claim through the FOS or courts and I am informed that any claim through the FOS will incur a £850 fee against the company being complained against. This appears to me to be the second PPI ripoff in the PPI issue. First the banks and then the reclaim companies. Nice to know something is happening to curb this second ripoff against PPI victims. aa
  18. Hello all CAG members. I have opened this new thread to hopefully address the issue of directory enquiry costs. http://www.guardian.co.uk/money/2011/may/16/warning-118-directory-enquiries-charges http://www.bt118500.com/ http://www.lovemoney.com/news/household-bills/landline-phones/17577/true-cost-calling-118-directory-enquiries http://www.thisismoney.co.uk/money/news/article-2213838/How-guys-118-118-cashed-deregulation-directory-enquiries.html http://www.dailymail.co.uk/news/article-1195274/118-inquiries-cost-times-callers-think.html http://www.telegraph.co.
  19. OK sorry to jump in without the full information. aa
  20. Remember a complaint to the FOS will automatically result in a fee to Money group of £850 to take on the case you may like to inform them of the action you intend to take. The £850 figure comes from IMS21 it used to be £500 when I was last involved with CAG. Good luck we are with you. aa
  21. Hello jdene, IMO I believe you should not mess about with these people as they will keep fobbing you off and giving legal argument to your claim for mis sold PPI. I would gather all your information to date, all of your consumer gredit agreements, letters and any other information you have in relation to your complaint of mis selling PPI. Lodge a case with the FOS. Please follow this link to a multitude of more links that may help you. http://www.consumeractiongroup.co.uk/forum/showthread.php?135060-Mis-sold-PPI-Want-your-money-back-use-these-links-to-help Do not be fobbed
  22. Hi Mister M, not sure about the figures you post but IMO you should try for the max but run it by the FOS. I believe from your post that you should be entitled to the interest you were paying on the additional £441. I am however not a trained accountant. My shout is claim if you believe you have a just case and in the PPI mis selling scandal who can doubt you have a just case? £25 Billion estimate on mis sold PPI. Makes the mind boggle. Ripoff followed by the Libor scandal. Fiddling in a nutshell across the BOARD. PPI reclaims go for it and mention restitution for the loss of capital when
  23. Hi Rich, I never went to court but got a load of PPI refunds via the FOS. If NATWEST are playing the difficult "Not us" game send all the info you have all the paperwork, loan agreements, everything you have to the FOS. Please see here for more information...http://www.consumeractiongroup.co.uk/forum/showthread.php?135060-Mis-sold-PPI-Want-your-money-back-use-these-links-to-help All the banks and I have claimed mis sold PPI from a few will try and fob you off, stall you, in the hope you will get fed up and give in. They will make life difficult, mis inform you, and generally give you
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