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      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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uptoeyeballs v Lombard Direct (RBS) loan CCA


uptoeyeballs
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Hi,

 

Yet another new thread.

 

Have got the agreement from Lombard direct. I'll upload later, but the figures don't seem right.

 

Can someone double check for me please?

 

From the agreement:

 

Loan Details

Loan £20000.00

Repayment protection premium £0.00

Total amount of loan £20000.00

Total charge for credit (interest) £7279.84

Total amount you have to pay £27279.84

Annual percentage rate (APR) 17.4%

You have to pay us the following installments 48 monthly payments of £568.33

 

Thanks!

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Ok, here are the agreement pages:

 

X_LD_LOANA_1.jpg picture by uptoeyeballs - Photobucket

 

X_LD_LOANA_2.jpg picture by uptoeyeballs - Photobucket

 

Page 1 looks like a scanned image that has been printed out.

 

Page 2 looks like a very poor photocopy.

 

Not much to tie the two together.

 

Now where did I put that magnifying glass? ;)

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hi upto,

looks like we both have the same hobby, Lombard. yours being direct and mine being north central plc. but still the same company "ish", Lombard being registered as a wholly-owned subsidiary of Lombard North Central plc, and both now being part of the good old RBS. i am also struggling to see anything that resembles your rights as steven has mentioned. have you been defaulted or anything yet or is it something you are looking into yourself.

 

cab

Edited by cab1ne
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If it is a cancelable agreement, the lack of cancellation rights maks it iproperly executed. It can therefore only be enforced by court order. Hoiwever, a court would be prevented from enforcing it under s127(4) because of the lack of cancellation rights, unless they sent you a letter wit these rights within 7 days of you signing the agreement - even then, tit depends where you signed it

 

 

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If it is a cancelable agreement, the lack of cancellation rights maks it iproperly executed. It can therefore only be enforced by court order. Hoiwever, a court would be prevented from enforcing it under s127(4) because of the lack of cancellation rights, unless they sent you a letter wit these rights within 7 days of you signing the agreement - even then, tit depends where you signed it

 

Read the Act again, so it is s127(4)(b) that would prevent enforcement.

 

What I cannot see is the difference between fixed sum credit and running account credit it terms of cancellation rights. Is there a difference?

 

The reason I ask is that I cannot see a cancellation box on there other 2:

http://www.consumeractiongroup.co.uk/forum/other-institutions/215346-uptoeyeballs-cahoot-flexible-loan.html

http://www.consumeractiongroup.co.uk/forum/other-institutions/214796-uptoeyeballs-cahoot-credit-card.html

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What I cannot see is the difference between fixed sum credit and running account credit it terms of cancellation rights. Is there a difference?

 

Maybe this is the important part from s67 "A regulated agreement may be cancelled by the debtor or hirer in accordance with this Part if the antecedent negotiations included oral representations...."?

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Hi its Lyla, Noticed your dispute with Lombard North Central. I've got one too. They refused help before and after termination and then would not even take the financed goods back in order to mitigate and left me to pay for them ! Then after 2 1/2 years and lots of letters of complaint they have finally said there is no merit in anything I have to say and now require in the excess off £40,000 inc court costs which were vastly inflated. I am fuming !!! Could have sold the BXXXY goods when thy had a value but could not get permission. Have to go to Mediation...want to do my own court ..scared stiff. Its not covered by the CCA but I think I have the FLA on my side now..still waiting to hear & also got Credit Services onto the debt Collector Crystal Collections so got another enquiry going on there also & got to wait another 3 days for answer. He didnt cash chqs over a period of 9 months and supposedly visited to repossess...but he never did appear !! Let me know how you go !

Lyla

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