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I know I've already posted but would like to start a new thread due to the things i've read on this site, namely i've taken out a secured loan on my house with first plus... when interest rates were rising they sent me a letter saying because BOE interest rates were rising the interest rate on my loan was rising too, but when the interest rate started falling rapidly, i called them and asked them why my rate did not come down too, they said it had nothing to with the bank of england base rate... I could tell the phone monkey girl was reading from a screen it was that fast! any thoughts? is it legal?

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depends on what was in your original agreement.

 

Do you still have a copy of the agreement?

 

Ida x

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  • 2 weeks later...
just discovered a whole new thread on first plus under banks they really do screw you over

 

Could you post up the link please, 'cos I have issues with them too.

 

Cheers

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PLEASE NOTE - I am not a legal expert, my comments are based on information learnt or

obtained and from my own experiences.

-

Case 1 - C L Finance - Court Case 'Stayed' :-). Stay Lifted - N149 AQ Received & Filed. Case Struck Out :grin:

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Case 2 - C L Finance - Defence Filed. N150 AQ Received & Filed. Case 'Settled by Consent' :)

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Case 3 - EOS Solutions - No Agreement - Account Closed ~£3500. :grin:

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Advice & opinions offered freely but informally, without prejudice & without liability.

Use your own judgment and seek advice from a qualified and insured professional if you have any doubts.

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