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Finally got hold of a copy of the advent contract which allows 30 days to rectify an Event of Default (breach of contract).

 

Working on a letter, in effect a Default Notice, which specifies the breach

and gives 30 days to rectify it.

 

Thinking it will need to go to both Advent (waste of time I know but..) and BPF.

 

After that period they run out of time.

 

Letter will be up some time tomorrow.

 

David

 

Thats good news but, whats to say that BPF wont squish our chances of getting the money back by getting us a IT provider before then? I guess we can always hope but its nothing to get really excited about yet. None the less it still is promising something will be resolved by then.

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Your problems seem very famiilar with Advent Consulting but would like to inform you that a similar situation has occured regarding a Company called Property Professionals Ltd which went into administration a few weeks ago we have our own forum on

Money Saving Expert.com with very similar comments and unanswered questions we to are involved with Barclays involving

1,000 candidates. Could your main contact whoever please log on to this site as we could prehaps join forces.

Edited by Terryman
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Thats good news but, whats to say that BPF wont squish our chances of getting the money back by getting us a IT provider before then? I guess we can always hope but its nothing to get really excited about yet.

 

Well, if they can find an acceptable alternative supplier within that period, it would in fact remedy the breach and fulfill their responsibility under S75.

 

It does however put a time limit on a situation that is just drifting.

 

David

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Finally got hold of a copy of the advent contract which allows 30 days to rectify an Event of Default (breach of contract).

 

Working on a letter, in effect a Default Notice, which specifies the breach

and gives 30 days to rectify it.

 

Thinking it will need to go to both Advent (waste of time I know but..) and BPF.

 

After that period they run out of time.

 

Letter will be up some time tomorrow.

 

David

 

So when actually did the countdown begin? With an email from advent we received in January?

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Thanks bluedo, much appreciated

 

just a couple of things, do i need to send both letters together or separately, and what do i put where you have put the stars :confused:

 

Hi Wasabi

Firstly did you receive a letter from BPF if so put the date when you received it where the stars are.( if you didn't get a letter just miss out that bit.)

 

and most important get the account frozen to stop them taking any money till it's sorted out.Get that sent asap.

 

Then I'd wait for cashins new letter re. Default notice and then we should all send that one.hope there's hundreds of them

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Good point, don't see how Advent could retify the breach anyway.

 

Regarding BPF - from when they receive the notice.

 

David

 

Thanks for organising a letter Cashins

Can't it be from when Advent breached the contract ?? just wondering

 

no wonder Barclay's have £11 Billion profit wow!!!

Edited by Bluedo
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Hi Wasabi

Firstly did you receive a letter from BPF if so put the date when you received it where the stars are.( if you didn't get a letter just miss out that bit.)

 

and most important get the account frozen to stop them taking any money till it's sorted out.Get that sent asap.

 

Then I'd wait for cashins new letter re. Default notice and then we should all send that one.hope there's hundreds of them

 

cheers Bluedo, ur a star. ive recived both the first letter advising of the situation, and the second letter telling us their looking for an alternative provider. do i just send out a reply to the latest letter to get my account frozen?

Edited by wasabi project
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Hi guys,

 

BPF r still playing same game with us. I called them today and got the same response. and also that guy told me that there is no time limit and we should wait untill they find someone. I'm going mad with situation. How long should we wait? There r making billions profit (Metro, Tues) and we ended up like this..

 

I would like to send second letter with a deadline on it..can anyone pease reply to me with the format..i got confused with lots of letters here.plz give the correct one. all of ur help is really appreciated..and all of us should stand together to battle this matter against f***g BPF..

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Like all the rest of you, I am waiting to see what will happen in this whole sorry mess. So far I haven't had any correspondence from either Advent or BPF (other than the anouncement e-mail from Advent). I have cancelled my Direct Debit - as advised by Barclays when I phoned them on Friday - and was told that they were seeking an alternative provider of the same or better quality for no extra cost.

 

My query is that, according to Advent's notice, Barclays "were pulling out of the student training sector" so how can they be prepared to put money into another one? Is it all just a smokescreen? And is it just coincidence that they are advertising huge profits immediately after pulling the rug from under Advent?

 

I totally agree with Babado and BRW and think we should join forces and write in droves to their head office. Can't wait to see the latest letter Cashins!

Edited by GillyBee
getting rid of all the FONT stuff
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Hi Guys

Does any1 know how many staff worked at Advent / Access, or have contact with any1 that worked there?

Any info would be appreciated.

Hi, petehead.

I emailed the chap who signed me up to my course, as I kept him in my contacts list just in case (good thing, too). He stated that he, an employee, found out on the same day that we did and that he could offer me no answers.

 

I'll point out he was the first person I tried to get in contact with, as the Advent phone lines were all down (despite the email saying to call an Advent advisor).

 

I would say speaking to an employee would be worse than useless as, unless you know the CEO, they won't have much more information other than whether or not they'll be getting any redundancy pay I'd imagine.

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Similar situation for about 1000 trainees at Property Professionals + which went into administration on 3 February. Average payment by trainees about £5k but some much higher than that.

 

Barclays Partner Finance reluctant to meet their responsibilities under Section 75. We all need to get together on this and bring pressure to bear. With £11.6 bn profits, they need to make a gesture or suffer a big PR disaster.

 

Barclays PF have also withdrawn funding for courses at another major training provider. This has led to difficulties there (although they claim that HSBC has now offered funding), so we may soon have even more people seeking Section 75 refunds.

 

Joseph Pestell

Hon Secretary

Institute of Home Inspection

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Quote:

Originally Posted by Bluedo viewpost.gif

Hi Wasabi

Firstly did you receive a letter from BPF if so put the date when you received it where the stars are.( if you didn't get a letter just miss out that bit.)

 

and most important get the account frozen to stop them taking any money till it's sorted out.Get that sent asap.

 

Then I'd wait for cashins new letter re. Default notice and then we should all send that one.hope there's hundreds of them

 

cheers Bluedo, ur a star. ive recived both the first letter advising of the situation, and the second letter telling us their looking for an alternative provider. do i just send out a reply to the latest letter to get my account frozen?

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Hi There,

 

If anyone wants help/guidance with the S75 refund let me know, been helping people with them for years - I do it for a living :-)

 

The first thing to take on board with BPF and all Financial Institutions, they are programmed to refuse your request at first because they assume you do not know about S75. You have to pressurise and push the right buttons, I have had Barclays/Lloyds/RBS making refunds within 14 days and you know it hurts them every time.

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hello chickyboy,

 

Ive sent letter to BPF to freeze my account which theyve confirmed. Also asked for proof of receipt that theyve paid advent the sum total of 5500 but heard nothing. its been over a month now and still non the wiser. Is there anything else i can do? (took 3y intrest free in oct09)

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Hi everyone.

Here's the situation I'm in. I initially applied for Advents one years interest free loan for £4800 or so with Clysdale Finance(Now Barclays) to fund my course but just before the year was up, I paid the entire amount to Clysdale with my credit card to avoid the horrendous interest. I haven't done much of the course because of other commitments but this is besides the point and now, as everyone else, have no course to do anyway.

Have I got any protection as although I didn't pay Advent directly with my credit card, rather the finance company, surely something should be covered through the consumer credit agreement as the payment was made on credit card.

I look forward to any advise anyone can give me.

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Suggested default notice for BPF.

 

It gives 30 days notice of an event of default as required by clause 13.7 of the Advent contract.

 

They will probably ignore it but if they don't comply feel free to take them to court.

 

** February 2010

 

Account Number: ***************

 

Default Notice

 

Dear/Sir Madam

 

Following the closure of Advent Consulting Ltd, you have failed to honour the terms of their contract **********, for which you are jointly and severally liable under S75, Consumer Credit Act 1974.

 

Specifically, you have failed to find an alternative training provider capable of fully assuming the functions specified in the Advent Consulting Ltd contract.

 

To remedy this breach you must, by ** March 2010.

 

Arrange for a training provider to fully fulfill the terms of the Advent Consulting contract or, if this proves impossible, cancel the above credit agreement and refund all payments made.

 

In the event of you failing to remedy the breach by **March 2010, legal action may commence under S75, Consumer Credit Act 1974, with no further warning.

 

Yours faithfully.

 

Important: Regarding the date you insert for them to comply: You must allow 2 working days, (excluding wk ends) for it to reach them by 1st class post. The 30 days to comply must run from then

 

David

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