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Found 5 results

  1. A firm selling call blocking devices has itself been fined for making unsolicited calls to those who have opted out of receiving them. Cold Call Eliminations, based in Chichester, made calls to the elderly, including cancer sufferers. One was said to have been left "badly shaken". They were registered on the Telephone Preference Service (TPS), so should have been exempt from such calls. The company, which has been fined £75,000, refused to comment. BBC Oops
  2. http://newsthump.com/2015/04/21/wonga-declares-37-3m-loss-after-accidentally-borrowing-a-fiver-from-itself/ "Wonga’s CEO, Norman Bugger-Crumpets, said “The irony isn’t lost on us.” “I’ve begged our collections team to let us off the hook, but we’ve programmed them to be single-minded heartless w*nk-pheasants of the highest order.” “They’ve told us we either have to pay up, or some thoroughly terrifying men will come to take anything that isn’t nailed down, and maybe have a go on my wife.” "
  3. The state-owned arm of Northern Rock has brought a legal claim against itself to test whether or not it owes compensation to 43,000 customers who took out loans before the building society’s collapse. Northern Rock Asset Management (NRAM) is on Tuesday appearing at the Commercial Court in London in the hope of getting legally-binding confirmation that customers with loans of £25,000 or more are not entitled to have their interest payments returned or written off. One of the defendants in the case is named as Jeffrey McAdam, who leads unsecured debt recovery for UK Asset Resolution (UKAR), the parent body of the Northern Rock assets not already sold off or wound down. He is understood to hold one of the loans involved in the case. UKAR set aside £271m in 2012 to compensate customerswho had borrowed less than £25,000 before April 2008, after it was found their loan documents did not adhere to the Consumer Credit Act. The organisation has already contacted 152,000 customers to correct the wording of their loan paperwork and some have been compensated for interest that was incorrectly charged. However, there are about 43,000 other customers who took out loans of more than £25,000. These loans would not typically come under the protection of the Consumer Credit Act, as NRAM and its lawyers have long maintained. The Financial Ombudsman Service has also found in the firm's favour. NRAM has accepted that some of these customers received incorrect letters telling them they were covered by the law. The organisation has brought its own case to court to clarify the exact legal position and confirm its stance on behalf of the affected customers. A ruling is expected before the end of the year. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11236824/Northern-Rocks-bad-bank-takes-itself-to-court-to-confirm-customers-arent-owed-loan-compensation.html
  4. http://uk.news.yahoo.com/tesco-bets-big-store-revamp-boost-uk-recovery-145329207.html#xMzcuzH So will they dump Parking Eye ??
  5. Struggling sports retailer, JJB Sports, has put itself up for sale following a slide in sales amid stiff competition, but the chain warned investors that their shares may be worthless. Struggling sports retailer, JJB Sports, has put itself up for sale following a slide in sales amid stiff competition, but the chain warned investors that any rescue deal may render their shares worthless. JJB announced on Thursday that its directors did not believe the chain would be able to raise enough money to stage a turnaround and had therefore decided to put the retailer up for sale. But, it warned investors that their shares may end up worthless due to the amount owed by the company, which stands at around £36.4m in total. "Given the level of current debt within the company, there can be no assurance that any proposal or offer that may be made would attribute value to the ordinary shares of the company," said JJB. More: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9507989/JJB-Sports-puts-itself-up-for-sale.html
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