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mandaz

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Hi Guys,

 

My partner received a letter from clarity credit management a few weeks ago stating that she owed them over £3000. She rang them and was told it was for a welcome finance loan she had from 2002. She did unfortunately get herself in a right mess with money but has spent the last few years trying to sort it all out and paying everything off bit by bit. She did not even remember about this loan untill she received the letter.

 

After looking through this site i decided to send a CCA request which they received on the 29th October.

 

They have sent a copy of the loan agreement which arrived on the 4th December.

 

Please could someone advise me on what to look for in the agreement to see if there is any way of challenging it?

 

Many thanks in advance.

 

Mandaz

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best bet is to scan it in deleteing all personal info inc account numbers (never know whos reading) and let someone look it over for you. use photobucket and the code to post it here sorry i cant be of more help


I am a consumer just like you, please get a second opinion or investigate yourself on anything I advise as I am in no way legally trained. Everything I know has come from the Mighty CAG and fellow CAGGERS. :cool:

 

If I have helped in any way please click my reputation star and make a donation to CAG to enable us all to continue to help each other :cool:

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Thank you beyondhope, will get onto it now!

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Just a thought, this loan was with welcome but it is the debt company Clarity chasing my partner for it. Should i send the SAR to welcome or to clarity? Any help much appreciated.

Cheers

Mandaz

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the whole agreement looks a bit dodgy in my opinion, 3% monthly interest equates to 45.5% APR? i dont think so.

 

also, estimated repayment period 30? why estimated? also it does not show the interest amount.

 

Also the Agreement is headed up with "Monthly Paid" but your partner was paying weekly.

 

you may also be able to claim back the insurances too.

 

Im no expert, so wait for someone with a lot more knowledge than me.

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Hi Dibbothe3rd,

 

Thats what i thought, there seems to be loads of little descrepencies and £670 ppi for a £2000 loan seems extortionate! Thanks anyway!

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Just looking at this agreement again and noticed the following.

 

It says the total amount of loan is £3301.39 and apr is 45.5%

 

Less the acceptance fee is £3226.39 at 45.5%

 

Over 30 payments that should make the monthly instalements £168.34 not the £168.43 as shown on the agreement.

 

Is that error enough to challenge the agreement?

 

Any help welcome!!!!:confused:

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hi mandaz

 

no wories on the apr

 

its with in limits, has to be a difference of 1 %

 

you yourself have stated the reasons why this agreement is rollocks

 

who is chasing you

 

clarity or dlc

 

thats direct legal and collections aka hillesden securities

 

clarity deal with payday loans

 

clarity and welcome dont add up

 

when was the last payment made on this account

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Hi Post,

 

I was hoping you would pick this up, you seem to be the welcome god lol!

 

Yes it is definately clarity that is chasing it but the statement printed on 20/11/09 has come from dlc!

 

I just dont have a clue where to go from here lol

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ive had my fun with clarity

 

they are very minor league

 

have you had any contact on the phone with clarity

 

did you get any notice of assignment

 

by the way

 

the agreement sucks

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Hi Post,

 

the statement says that the last payment was made on 26/4/2004. As i said my partner didnt even realise there was still a loan outstanding as the letter from clarity she received a few weeks ago was the first she had heard from anyone. She was having lots of personal problems at the time and had to move away for a while but all the other dca's caught up with her ages ago and she has been struggling like mad to pay them all. She is just starting to get back on her feet then this pops up!

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i have spoken to them on her behalf but only when our letters crossed with the cca request.

They do not have a contact number, even thogh they tried telling me i had to give them one by law lol muppets

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dont give them any phone number

 

i realy dont know where to start

 

there are so menny things wrong with that agreement

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sorry to sound thick post but what is a notice of assignment?

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sorry post just goto pop out to get kids, be back in half hour if your still around

 

thanks a million

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the notice of assignment is a letter from welcome to you saying that whatever dca will be collecting from now on as they have purchessed the account

 

dlc, or clarity should have sent you a welcome letter

 

if you received no notice of assignment and the debt has been sold,:grin::grin:

 

to comply with the law of property act, the assignment needs to be sent by recorded or special delievery

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Hi Post,

 

She has never received a notice of assignment. The first correspondance since 2004 was a letter from clarity saying that she owes £3415.95 to their client hillesden securities ltd and that they are prepared to offer a one off payment of £2220.37 in settlement.

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One other point is that there is no mention of this debt on her credit report which seems a bit odd!

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Hi Post,

 

did you get a chance to look over the agreement? Sorry to nag i know your busy

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