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  1. New to this and not sure if im in the right place but needed some advice on Trust Deeds. I am starting an application with a company.. does it matter what company or do they all pretty much do the same? They say if my houseis in negative equity I will stillhave to pay £500 as they take into account that I might get some equity over the course of the Trust Deed. Is this the same amount with every company? Thanks
  2. hi just won 2 cases of ppi against central trust I took out the loans for a total of £22k in 2007 secured on my home. all was going well until I lost my job in 2009. for the next 12 months I struggled to make my repayments to them and fell into arrears eventually giving up and decided to sell the house. with the housing market at rock bottom in dec 2010 I sold it to a property company for two thirds its value. when I came to settle the loans with central trust I had to pay them just short of £30k which they said was for charges of being in arrears letters and phone calls. I had paid the repayments for 2 years no problem but for 12 months was in arrears I couldn't argue with them over the charges because I needed the deeds for the sale of the house on the £22k I borrowed I paid 370.00 per month for 2 years and what ever I could in arrears sorry for being long winded but could enyone let me know if I could claim back some of these charges
  3. So, the wife and I needed new laptops, and we saw the offer of £100 cash back. To be doubly sure that the offer applied, I rang their customer service line to ask if I could click and reserve both computers in one transaction, or whether we had to buy them separately to get the full £200. I was advised that I would get £100 off EACH laptop and only needed to do one transaction. I therefore went ahead and reserved the laptops, and went down to pick them up from Currys/PC World Derby. "39 Bruce" served me, and I again checked with him that it was okay to put both laptops on one transaction. He assured me that it would be fine, and duly processed the sale - issuing me with TWO claim forms with separate cash back reclaim numbers. He pointed out the dates for claiming, and seemed to fully understand the terms of the offer. I now come to make the claims, and have had one rejected as there is a maximum of ONE voucher per person. It appears that I should have gone to the store with my wife, and bought the laptops separately. So, a word of warning. DO NOT ASSUME that CURRYS / PC WORLD staff know what they are talking about. If they are unable to properly advise on their own promotions can you really believe what they tell you about other companies computers or electrical goods. I have all the paperwork, and will be taking legal action against them for a clear breach of CPUT 2008. I just wonder how many thousand's of pounds they have squirmed out of paying by the mis-advice of their staff, or making customers go through hoops to make their claim?
  4. I am after some advice on PPI on a loan. I made an approach to question the sale of PPI to the loan company Central Trust in 2008 some time after the loan was paid off and then subsequently referred the claim to the FOS in 2009 when Central Trust rejected the claim. The FOS also rejected the claim as they say Central Trust was not under their jurisdiction as the loan was taken out prior to 14th January 2005. Despite this and the time elapsed I still think that I have a really solid case for a claim that the PPI was miss-sold. Is the ruling of the FOS final or do I have another option? Have rules changed that would permit me to make another approach to Central Trust or the FOS? Any advice would be greatly appreciated.
  5. Hi everyone please feel free to move if needs be but could not find a thread for just BCT. I currently have a claiming on going with welcome and thanks to the guys/gals on that thread it has been brought to my attention there are several other companys that I can claim charges back from 1st being BCT. I sent my SARS to BCT and today had my statements back with of course charges no ppi though. just to give you some sort of back ground we took out a loan with bct arranged by the garage we bought the car the cca was signed on the 28/02/2008 for £5.495.00 total amount payable £9692.00 with a arrangement fee of £480 and an option fee of £120- this I have no idea what this is.??? our monthly amount was £189.00 for we had a few missed payments here and there but managed to get back on track then towards the end of 2010 my oh and myself decided we don't need 2 cars anymore and the car was infact worth less then the amount outstanding. after doing some research we found out we could infact do a VT due to us paying more then 50% off. this was done the car was collect and sold at auction which left an amount outstanding this was then written off due to an error at bct where they entered a ccj on my file rather than a VT ( this was all sorted though) however on the statements I can see they have applied a charge for repossession of £575 after doing some more research it seem has if they cannot charge you this if you have vt the agreement can someone with more knowledge then me please confirm either way? it does all state in their own cca that if I the customer vt the agreement there maybe a £75 admin charge nothing about a repo charge. I today have used the calculator which I was given on the welcome thread to work out charges plus interest but unsure weather I add these repo fees and option fee. I think I have read somewhere the option fee is only payable on your final instalment so this may not apply but not 100% thanks for your help
  6. Hi, I seen a TV advert for an organisation named Trust Deed Scotland Ltd and a service they are advertising called the Trust Deed Wizard. Can anyone tell me whether or not this as a con as I've read mixed reviews online and I'm swaying to the opinion that it probably is a con but if I use it and put in fake details, do you know how accurate it is likely to be? I have also been advised to consider a debt charity called Stepchange but I dont know if they have the experience of the Trust Deed Wizard people - but don't want to rule anything out. If there is a different company, perhaps I could look at several options to clear my debts (£43,200) and salary £24,500?
  7. I have seen numerous cases in recent months of property owners entering into Trust Deeds, I can only assume that this situation is to some extent due to the constant glossy television adverts implying that Trust Deeds are some kind of miracle cure for debt problems. In reality Trust Deeds can be disastrous for home owners in situations where there is equity in the property. To create an example Two partners share a home with equity of £30000, one partner has unsecured debts of £20000 and disposable income of £150.00 per month. Term of Trust Deed 36 months at £150 per month = £5400 over the term. This leaves a shortfall of £14600. Now comes the sting in the tail, the trustee will then insist that the debtors share of the equity is released from the property. This can prove to be very difficult if not impossible as the debtor will be unable to borrow the shortfall due to his /her credit rating and a listing on the register of insolvencies. In many cases the Trustee will suggest that the other partner should try and raise funds to buy out the debtors share of the mortgage. Easier said than done, bearing in mind that the two parties are financially linked as they share a joint mortgage. To cut a long story short the trustee can then apply to the courts to sell the property to release the shortfall. IT IS IMPORTANT TO REMEMBER THAT DESPITE THE SMILEY FACES ON THE TELLY, IT IS THE TRUSTEES ROLE TO ACT IN THE INTEREST OF THE CREDITOR AND NOT THE DEBTOR. THE REASON THAT WE ARE NOW SEEING A DRAMATIC INCREASE IN ADVERTISING IS SIMPLY BECAUSE TRUST DEEDS ARE BECOMING A THING OF THE PAST AS FREE ADVICE AGENCIES ARE PHASING THEM OUT IN FAVOUR OF OTHER OPTIONS SUCH AS DAS WHICH IS DESIGNED TO PROTECT PROPERTY.
  8. Last Spring I bought a motor caravan and because it was used in the UK for 3 months I insured it with Swinton Insurers. I then exported it to Spain and put it onto Spanish number plates. I didn't expect Swintons to carry on insuring me and duly cancelled the policy and paid an extra premium for doing so. I trusted that they would stop taking payments from my bank, but 12 months down the line I have discovered that they have been dipping into my bank account for all that time. (I have several payments going out of my bank, but they had cunningly given a folio that gave no clue that the payment was going to them.) When questioned their customer services said that he would get a colleague to phone me, I had previously emailed them and received no reply. My phonecall of course was not returned. I emailed them once more only to be told that the system was conveniently down that would show payments from my account. Why do these companies give us so much grief? Wouldn't it be great if we could recommend them instead of condemning them. I am hoping that they will repay me soon, but I am expecting a fight.
  9. I took my son to my local nhs hospital for his orthopedic appointment. The hospital is pay and display only. However I realised I did not have enough money on me to pay £4 parking fee and parked in a disabled bay. I have consequently received a ticket from cp plus for £40 reduced to £20 if I pay within 14 days. Is this an enforceable fine?
  10. Hi quantum. I'm in a similar situation - can you help me at all? Many thanks. R
  11. i Dont know if anyone can help here. I have been searching the internet but cannot find any answer. our son recently died and im having a hard time finding the account provider of his CTF to close the account. We never used the voucher ourselves and we did recieve a letter stating that the £250 had been automatically put into an account by the government but we cannot find this letter anywhere. There is a helpline number that is now closed that says to go to the GOV website but there is no help on there whatsoever. Has anyone else ever had this problem and recovered the account? thanks in advance
  12. Hi Guys Not sure if anyone can advise on this but here goes anyway.Daughter signed a Declaration of trust with her partner when they purchased a house. This was for the money he put into the purchase and was from the sale of his previous home. Now 4 years later they are married with a son and appear to be splitting up. Does anyone know if the afore mentioned "Declaration of Trust" is still binding or would the change of circumstances have any effect. Also what is the position with child support, I have been told there is a percentage per child reducing with each one, does this reduction in percentage apply when the children are by different mothers ?? I realise nobody will be able to give me a difinitive answer but a point in the right direction would be appreciated. Many Thanks
  13. Hi Last October I made claim against FT N Ireland via a claims management company (.......) for PPI. Since then ... have said they received a letter from FT stating that another company was dealing with my complaint. I contacted FT and was told that this was untrue and that ...C was still dealing with my claim. I was advised by FT to rescind and to have no further involvement with .... and to deal directly with FT. I was also told by FT that the claim was 58 days and was nearing compleation. On the 31st January 2013 I received a letter from FT informing me that FT have not as yet responded with my claim/complaint and advised me that due to the high volume of PPI complaints they are unable to respond as quickly as they would like. They then went on to say that they hope to have a final response either before or after at the latest on 1st May 2013. They enclosed a copy of FSA re complaints regarding PPI. what should I do next or what course of action can I take Dessie
  14. Hi First post and looking for some advice. I have recently completed a Scottish Trust Deed and have my discharge letter. My brother has come into some money and says he wants to give me a share but would not do so if it meant that I would have to give it to the debt management company to go towards the TD. Anyone know where I would stand on this.
  15. Hi just looking for some advice... on two things Firstly, 9 years ago, i took out a loan with sothern pacific finance brokered by central trust. The original loan amount was £5k, over a five year term. I was told that unless i took out ppi, i would not get the the loan. Reluctantly on my part they added £900 to the loan amount for this. Then, 18 months later, i made a further advance on the loan. This loan was with central trust themselves. They paid the earlier loan off which we had taken out, (inc the £900 ppi). So we ended up with a completely new loan, of £10k, over ten years. And this also included ppi. I actually cancelled the ppi some time later, but i was not told that it was a lump sum, or indeed that it would only cover us for 5 years of the loan term. Also mis sold due to the fact that i receive full pay when off sick. I have tried to reclaim the ppi. Southern pacific no longer exist, and central trust have stated that the loan with them was prior to them being regulated??? What i am trying to determind is should i take this to the FOS? Next problem.. . i contacted central trust re coming to the end of my loan term, and asking for a date when i will have finished paying. We had a period of financial difficulty about six years ago, when my OH lost his job. We did not pay the loan for three months. Central trust we aware of the issues we have, and we came to an arrangement to pay off the three months arrears. They were really accomadating, and we apid the arrears off in full within a short period of time. Imagine my horror when yesterday, i received a letter from central trust telling me that there were 10 x £185.53 payments due on the account, (which i agree with) and also the following... As your loan account has been subject to collection fees and added interest during the term of your loan, we need to come to an arrangement to clear these.... then i turned the page over to see the following.... Current balance - £ 3975.07 Interest asccrued - £47.29 Future charges - £169.05 Total amount payable - £4191.41 The following costs are also included in the settlement figure Collection costs - £1020.00 Legal costs - £543.64 Now i am no mastermind, but this just does not add up.... 10 x 185.53 = 1855.30 collection costs = 1020.00 legal costs = 543.64 TOTAL £3418.94 central trust tell me the balance outstanding, after charges is £3975.07. So, after taking out a loan for £10,000 nine years ago, with ten months left on the term, i have £4191.41 to pay. Thats nearly half of the original loan???? What i want to know is.. . does this look like a case to take to the FOS? I just feel so annoyed that they can do this, the apr on the loan was not high, and we were not advised that these charges would be made on the account. Is there anything i can do, as i just want these cowboys out of my life!!!!
  16. Central Trust charge £60.00 per month on an account that is in arrears each month.Is this unfair?Could I claim it back from them?i.e by taking it off the arrears?
  17. My local Gp's have a brand spanking new Medicine Factory. They used to be called surgeries. At the gate is a sign saying that the car park is monitored , and anybody they don't like will be clamped . They claim that it is Trust Property. My take is that if the property belongs to a trust then within the meaning of the 2012 act it is private land. whether or not they can hide behind Crown Immunity and clamp without lawful authority I do not know. But I don't like practice managers , who seem to have more say than Doctors these days, chucking their weight about. We units of illness (It's now all our fault or in our heads) once called patients, should have a say. Any opinions would be welcome
  18. Hi, Not sure if I am in the correct part of the forum, I have applied for a grant from an energy trust. They have written to me, that they want proof of 2 incomes i recieve,amount and frequency via a bank statement. This is not a problem, but can i delete/cross out all other transactions including the front page (my bank balance) for privacy reasons? Do i have a legal right to do this and just leave showing what they ask for, the 2 credits?
  19. I entered a trust deed 4 years ago in August . I made all of the 36 monthly payments . i then have to but out the equity on my property to finish the trust deed. At the start in 2008 i was informed by my trustee that i could easily remortgage to raise the equity.However, due to the banking collapse this is not possible as no bank will allow a re- mortgage until you have been out the trust deed for one year . Banks will not give me a loan either . I continue to make monthly payments to reduce the equity but by nest august i will have only paid about 5000 of 22 000. To be honest i have no idea what to do now , i could lose my home , but i have made all the payments , i was badly advised and am caught in catch 22. Any advice would be appreciated
  20. Hi, need some advice regards a possible car repossession. I have a car through BCT and have missed several payments due to unemployment and personal issues. I have constantly been in touch with BCT explaining the situation and they have been understanding regards my situation. Until three weeks ago, when out of the blue a guy from Ram Recovery knocks my doors chasing the arrears on the car. The car cannot be repo’d without a court order as I have paid over 50% of the loan. Arrears are £1500 at present. I told them I was not in a position to pay at present and needed time to sort things out. They are now chasing me for 50% of the arrears and if not paid within next few days will get a court order to take the car. I have had nothing supplied to me in writing from Ram or BCT regards this situation and wonder where I stand with this. Contact with Ram is via a mobile number and I have been given bank details to transfer the money. Not sure if this is wise as I have no idea who these people are as I have nothing in writing. BCT has now been moved to an office in Wales (Target Loans) who are dealing with all accounts as BCT are not lending no more. Can anybody advise me as what to do regards this issue please. Also, if they go for a court order, how long does this take to go through and could I make my case to the judge? Any help would be greatly appreciated. Many thanks.
  21. The Respondent's Solicitor has written to me asking how much I would consider settling for. Hearing's scheduled for Christmas time. I have not yet completed a full schedule of loss and am going to take formal advice on it shortly. But based on a look of case law, I have a feel for what might be reasonable. Am I right in thinking that I don't have to disclose my financial expectations, or the schedule of loss until ordered to do so by the Tribunal? Also, in light of this, is it worth setting up a Special Needs Trust to protect any settlement I might receive? I am disabled and on benefits. But may be able to work again in the future.
  22. Not too sure if this is the right section to post this but here goes. April 2003 went to Birkenhead Court for a RTA (Road Traffic Accident). My wife was awarded 1000.00 compensation and my daughter was awarded 750.00. My daughter was only 9 and the money was supposed to have been placed in the court trust and paid out on her 18th birthday. Now I might have been a little niave here but I simply thought that the court trust would contact me near to her 18th birthday and arrange for the release of the funds. Not having had experience of this before I trusted the courts. Now having contacted the solicitor it seems that the insurance company that was ordered to pay the compensation never paid the award for my daughter. There is nothing in the court trust. The solicitor has told me that they have contacted the court and a district judge has ordered them to deal with the matter ie chase the monies owed. My daughter is 18 soon and I brought this to the attention of the solicitor 2 or 3 months ago. I have just been told today that it is being passed to a partner to sort out. Is there any possibilty that the insurance company that was ordered to pay the compensation in the first place can refuse to pay it now?
  23. Looking for some advice on Scottish Trust Deed I have been dealing with CCCS with my creditors for last 2 years and been paying a few bob but my estimated debt wont be paid for another 15 years on current payment plan I have about 20.000 grand in debt but i probably have that in equity in my home the answers or advice i am looking for are 1.After the 3 years on a trust deed how long would it be before i could get to a reasonable credit rating(I know my credit score is rubbish at moment anyway) 2.Do you have to sell your house if you enter trust deed to release equity for creditors 3.Would my current mortgage lender have to be informed and would this affect my mortgage at present with them None of my debts are secured just the usual loans,cc and overdrafts or am i better off sticking with CCCS and waiting till i am back on my feet a bit and offering payment offers for Debts Many Thanks D any advice would be great thanks
  24. hi all new to this forum. Basically i am looking to claim ppi back but dont know which service to use as there appears to be so many, all with different % etc. Not sure of all details aswell so they would have to do abit of digging. Can anyone suggest a company who dont take a high % and who is reliable. Most appreciated guys thanks.
  25. WARNING: Don't let banks act on your behalf without your permission everytime... RE Barclays scandle. I worked for Barclays Trust Company as a securities clerk in the late 80's. Our function was to deal with probate, and investing clients money that had been left in a trust estate. When we got told our branch had to reach profit targets of £1million, our managers went through all clients portfolio accounts that did not require permission to act and 'turned them over'. what this means is you look at the list of recommended buys and sells from the economics department, and action them indescriminately. WHY? cos you collect 1.5-2.5% commission each time. We reached out target in less than 72hrs! what i noticed is that they only did this to accounts not requiring clients consent. i also noticed that the same portfolio's that required clients permission performed better that year earning 25-30% return, whereas, the former only gained 15-20%. i asked about it, and was told that it was not illegal, as the FSA regulation would consider if the client could have done better leaving money in a savings a/c. As the return was still higher, there was no case to answer. This is why the Robin Hood tax idea would fail, as with the introduction of advanced algorithm sell/buy triggers, the rate of 'turning over' our pension funds has gone stratospheric, whenever they want to raise profits. Even if the commission rate reduces to 0.5%, when you spin it faster it is shaving our retirement funds needlessly.
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