phew, started at about 10.00pm and finally got here to post after reading through all the threads. I took out a secured loan with Paragon that was signed off by a Paragon underwriter on 17/01/05 and was to consolidate credit debt that my wife and I had stacked up across a few years and due to a variety of reasons. The principle loan was £35k gbp and the ppi was £8.7k gbp and being of the front loaded type where the policy was valid for the first five years. I had initially made enquiries via a search engine the previous year, round about October 2004. I responded to a marketing call by Loanline who said that they could get me a loan and after taking details came back with an offer from Paragon round about mid December. I completed a loanline application form (07/12/04) but this was not a credit agreement and was where we could provide income and expenditure details. A subsequent Paragon credit application was completed and returned just before Xmas 04 however the loan was declined as it was actually insufficient to clear our credit debts. A second application was submitted 12/01/05 and this was followed by a call from Paragon on the 17/01/05 and the loan was agreed and signed off on this date. Last year I became aware of the PPI issue and wrote to Paragon who denied liability for the PPI element and referred me to Loanline. I found out from FOS that Loanline had ceased trading and was redirected to FSCS. Forms were duly completed and submitted to the FSCS via Deloitte in September 2012 who verified and agreed that we met all eligibility including the effective date of 17/01/05. The FSCS cover for this type of PPI came into effect on 14/01/05 so two days after I signed my application form but three days before the credit agreement came into effect. The FSCS rejected the claim citing the date of advice as being effective from the 07/12/04 when the Loanline application form was completed. My argument is that the effective date should be 17/01/05 as this is when Paragon completed the credit application as is effectively incomplete until they counter signed. I have one opportunity to appeal and I want to ensure that I get this right and protest correctly. I have anonymously contacted the FSCS by phone and e-mail and been advised that the credit agreement date would be the effective date for the claim and that this would be the date that the credit agreement came into effect. I wonder if anyone else out there has had this kind of rejection and successfuly appealed the first decision or otherwise? Having also read the many threads about Paragon, wonder whether I should in fact be pursuing Paragon still? Currently there is a balance of £12k gbp including about £3.5k gbp arrears and Paragon have a suspended possession order as second mortgagee on the house. there should be 24 payments left to make. Circumstances are such that I need to get this resolved sooner rather than later as the last couple of payments have been withheld out of principle and Paragon are chasing hard for a new payment arrangement. Apologies this is so long but any help would be greatly appreciated. If I knew then what I know now I would not have taken out the loan as the last eight years have been purgatory and casued so much hardship and distress. yours humbly, Reklaw. :-x

Hi. My wife and I have a Secured Loan with Paragon Finance, that was taken out in January 2006. We fell in to arrears in April 2011 and this has now escalated. We have been unable to make the monthly payment nor been able to repay the arrears. We received a Calling-Up Notice on 20 September 2011. I spoke to Paragon on 29th September 2011 with a view to trying to sort out the arrears and prevent further action. Unfortunately, we were unable to make a satisfactory arrangement, and this has now resulted in a citation for repossession under the Conveyancing and Feudal Reform (Scotland) Act 1970. It states that we are ordained to answer within the the Sheriff Court on 25th January 2012 @10:00am. I am at my wits end, as I have been unable to work since 2006 due to 3 failed back surgeries, and although I was still in receipt of salary for1 year, I now only receive Incapacity Benefit. My employers dismissed me due to ill-health in July 2009. My wife works, but her income covers our mortgage and living costs. When we took out the loan, which was via Loanline (Brokers), they advised that we needed to take the PPI, in order to get the loan. I did submit a claim, but Paragon declined it on grounds of my back problems being pre-existing, and also within 24 months of taking out loan. (I'd only seen my GP once about a sore back, and everything sorted itself). So now, we are being faced with the prospect of losing our home. Can it be repossessed if they are only the second in line, after our mortgage providers? Also, If I was able to raise the money to clear the loan entirely, will this stop the action or not? I have looked through the paperwork received today, and there is no mention of stopping the court action, if loan repaid. If I was to submit a claim for PPI refund, would that have any affect on the court action? I am really at a lose to know what to do. Any help/advice would be gratefully received. I know that this is all of our own making, but things have just got out of control. We have struggled to make sure our mortgage payments have been paid, only for this to happen. Paragon, have really made our lives hell, and now are about to make it worse! Thanks.