Jump to content

Showing results for tags 'incorporating'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • The Consumer Forums: The Mall
    • Welcome to the Consumer Forums
    • FAQs
    • Forum Rules - Please read before posting
    • Consumer Forums website - Post Your Questions & Suggestions about this site
    • Helpful Organisations
    • The Bear Garden – for off-topic chat
  • CAG Community centre
    • CAG Community Centre Subforums:-
  • Consumer TV/Radio Listings
    • Consumer TV and Radio Listings
  • CAG Library - Please register
    • CAG library Subforums
  • Banks, Loans & Credit
    • Bank and Finance Subforums:
    • Other Institutions
  • Retail and Non-retail Goods and Services
    • Non-Retail subforums
    • Retail Subforums
  • Work, Social and Community
    • Work, Social and Community Subforums:
  • Debt problems - including homes/ mortgages, PayDay Loans
    • Debt subforums:
    • PayDay loan and other Short Term Loans subforum:
  • Motoring
    • Motoring subforums
  • Legal Forums
    • Legal Issues subforums

Categories

  • News from the National Consumer Service
  • News from the Web

Blogs

  • A Say in the Life of .....
  • Debt Diaries
  • Shopping & Money Saving Tips
  • chilleddrivingtuition
  • Homegirlxx

Categories

  • The Youth Academy
    • The Youth Consumer Service
  • Miscellaneous

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Location

Found 1 result

  1. Hi, I had an Egg loan way back in 2004 for £10k. Egg added £1,750 to the loan for PPI making the total I signed for £11,750. Cutting a long story short I ran into financuial trouble in 2008 but made an arrangement to pay reduced amounts (actually ignorant of the existance of the PPI - I'd forgotten I had it - and Egg conveniently forgot to remind me.... but no matter). However, when I became aware in 2010, I started asking difficult questions eventually culminating in Direct Legal & Collections writing to say to stop paying. The total remaining debt (including the PPI premium) was then just under £1,650 (ie around £100 less than the PPI) I haven't paid anything since 2010 (at the point of writing all of this would become statute barred anyway in 53 weeks' time). I have received a letter from Arrow Global who say I owe £1,650 and they want the money, etc, etc, etc. I am pretty sure from what I read way back in 2010 that where someone like me borrows a sum of money (in this case £10,000) and then another amount of money for an associated financial product (in this case, the PPI for - £1750) then they need 2 separate credit agreements; one for the ten grand, the other for the PPI. The thing is, I can't find the references to the legislation. For clarity, I signed just 1 agreement for a total of £11,750 but that mentions incorporating PPI in the total. Can someone (should I be right in recalling this, of course) please explain for me what piece(s) of legislation support me in my belief that this is unenforceable. ie that I should have had 2 agreements - one for £10,000 and the other for £1,750. I want them for my own peace of mind and to perhaps put in a letter telling Arrow Global to go away outlining why. Thanks for any help anyone can offer
×
×
  • Create New...