Northern Rock unsecured loan PPI

[deb4tlj]

Long story short,

had a loan with NRAM fell into financial difficulty and have been on reduced payments.

 

Have never missed a payment and have paid regularly every month.

 

Have received a letter from NRAM saying that they have sold my existing balance to Marlin Europe

- no default notice or warning was recieved about this.

Marlin have also sent a letter insisting that "in order to help with my fiancial difficulty" they require details about;

my mortgage (house is in husbands name)

• my husbands pension income (he's a pensioner)
  
• any benefits I have coming in (don't have any although have recently applied for PIP due to a cancer diagnosis in November - am currently undergoing chemotherapy after extensive surgery)
  
• general outgoings
  

This loan is unsecured and in my name only.

 

Do I have to provide them with this information by law?

I am also reaching the end of my 6 months full sick pay

- as of next month I will be on half pay and in even more financial difficulty.

 

I emailed Marlin on receipt of their letter and said that my pay would be reduced by half as of April,

 

I have no idea when I will be able to return to work and that,

at this particular moment in time, "it seems pointless to fill in this income/expenditure form at the moment as my financial cicrcumstances are due to change very dramatically"

 

I have received no reply from them either by email or letter despite resending the email.

 

All help and advice would be gratefully received.

[Bazooka Boo]

No tell them, don't ask, that you will continue to honour the agreement you had with NRAM, no further correspondence will be entered into, take it or leave it, if they don't like it then they can go to the trouble of taking you to court where the judge will tell them exactly the same.

[deb4tlj]

Have successfully reclaimed my PPI from this loan with NRAM via the FOS but NRAM are delaying paying out.

This debt was sold on by NRAM to Marlin 4 months ago and NRAM have now informed the FOS that;

 

" they’ve told me that they’re getting legal advice about their approach.

This is because they believe they can apply the refund to the debt with Marlin

because it was a sale of an outstanding balance, rather than of a sale of debt.

I have told them that this is not in line with our approach,

and they want to get legal advice before they respond to me fully."

I am currently undergoing chemotherapy for ovarian cancer

- proof of which I have sent to the FOS

- and am in desperate need of this money to pay off an outstanding debt that is costing me £300.00 a month.

Somebody please advise on my rights on this matter

as I believe that NRAM has had more than enough time to resolve this situation for me

and now firmly believe they are merely stalling for time

and making interest for their company by withholding my money.

I am owed over £3,000 and we all know how much Marlin will have paid for the existing £2,000 owed!

I believe I am being bullied into using money that I was deprived the use of to repay

this debt even though I am making regular monthly payments

to Marlin and have never missed a payment.

All advice would be appreciated.

[dx100uk]

9 threads merged

please keep to one thread regarding this debt and the PPI etc

 

dx

[dx100uk]

the FOS website clearly states that PPI cannot be off set against a sold debt.

 

have you spoken to the FOS about this?

 

dx

[deb4tlj]

Sorry about the multiple threads. This section in the above post;

" they’ve told me that they’re getting legal advice about their approach.

 

This is because they believe they can apply the refund to the debt with Marlin

because it was a sale of an outstanding balance, rather than of a sale of debt.

 

I have told them that this is not in line with our approach,

and they want to get legal advice before they respond to me fully."

is verbatim from the latest email from the FOS adjudicator dealing with these bullies.

I have been n sick pay because of my cancer and chemotherapy for the last 6 months

and it will be reduced from 725 a month to 390 as from the end of this month.

I desperately need this money - which they have been fobbing me off about for nearly 2 years now!

- to pay my gas and electric bills and my council tax is due at the end of this month

but now they're taking legal advice to offset the PPI money against the outstanding balance

that is only going to put money in Marlin's pocket

as NRAM sold it to Marlin in Oct of last year!

I am worried sick to the point of feeling suicidal!!!

[dx100uk]

no need for that.

 

the other way to look at this is you get the 8% portion

they cant offset that.

 

dx

[intend]

dx - do you have a link to the FOS site where it states PPI cannot be off set against a sold debt?

 

Thanks in advance.

[dx100uk]

prob start here

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html