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    • Hi Tawnyowl here,i have been watching events over the last week or so as things develop. Labrat,such a sense of humour.😀 Hi honeybee13 . Sure does     Anti-fracking campaigners have reacted with concern to news that the British Geological Survey (BGS) signed a non-disclosure agreement with Cuadrilla over access to operational data. https://drillordrop.com/2019/08/24/suspicion-over-fracking-firms-secret-deal-with-geological-agency/   Cuadrilla has been accused of trying to downplay last night’s 1.6ML earth tremor caused by its fracking operation near Blackpool. The tremor, at 8.46pm, was the largest so far recorded at the Preston New Road site since fracking began there in October 2018. https://drillordrop.com/2019/08/22/living-in-fear-residents-respond-to-1-6ml-fracking-tremor/ Energy firm Cuadrilla said a 2.23-magnitude tremor was recorded at its facility near Blackpool at 11.01pm on Saturday – the third “micro seismic event” this week. While some local residents may have felt the movement, it was not strong enough to have caused any damage to property, the firm added.  Do you believe anything this company says. Like their so called micro seismic events you would think damage could have been caused to properties. Once buildings start shaking this must happen surely. I was approached this afternoon while at a cricket match. Just chatting way about this and that when the person said Did you feel the Earthquake last night. I had not even heard about it,tell me more i said. Lights and windows shaking moving around about a mile away on one of the North of Englands largest housing estates. And there are reports of many more people feeling this event covered on this link. Why should a community be put through this,waiting for the next one. People living around Cuadrilla’s shale gas site reported shaking buildings and windows last night from a 2.1ML tremor. This is the strongest seismic event so far induced by fracking at the Preston New Road site near Blackpool. It brings to more than 90 the number of tremors since fracking resumed at the site less than a fortnight ago. Within minutes of the tremor, there were reports that people had felt it from surroundings towns and villages including Blackpool, Weeton, Westby, Peel, Kirkham, Wrea Green, Great Plumpton and Lytham St Annes. Much more on the link. https://drillordrop.com/2019/08/25/call-for-fracking-ban-after-2-1ml-tremor-shakes-buildings-around-cuadrilla-shale-gas-site/   You might notice that the BGS has a page now for human activity causing Eartquakes-link Last updated: Sun, 25 Aug 2019 18:10:00 (UTC) This list contains seismic events for which there is strong evidence that they have been induced by human activities. It is linked to a database of seismic events and locations and magnitudes may change as events are re-analysed and revised. Background, tectonic seismic activity is reported on our recent earthquakes list. http://earthquakes.bgs.ac.uk/induced/recent_uk_events.html   I had better leave it there for now, more soon.,how will it all end because surely it will. Things cannot carry on much longer like this,can they? Bye for now. Tawnyowl writing from the Earthquake centre of Great Britain courtesy of Cuadrilla Fracking.
    • happy for mod to move it to suitable location under thread title Background: Thanks in advance for any thoughts you can share. This is a very long history, I appreciate your time. In 2011 I took out a £8500. loan from Borro private finance against art and jewellery to make ends meet. The agreements are attached below. This is a CCA. Borro regulated by the FCA. The interest rate is APR 68.8  % for 6 months.  I paid the interest and capital during the period term. On 3 May 2012  I renewed this loan at 79.4% interest for another 6 months.  Last week I requested all evidence the lender holds concerning the agreements. Missing are 03/05/2012 through 14/06 2013.( not under a SAR).  I fell into arrears on the loan and one piece of jewellery was sold, reducing the balance to £6400. Dec 2014.   The lender took a payment of interest £2044.16.  Renewed against the other items ( art etc) on this loan.  The new interest rate increased to 88.8%  . At the time the ring was sold, I requested all documents concerning the sale. Borro produced none. The ring is appraised at $17,5000.  £14,000.  The ring was sold for £3500.  I have an appraisal. I was notified prior to the sale. The ring was sold by "private treaty". I continued to ask for information about this sale until todays date. No information has been provided.  I took a huge loss . The ring is not clearly described on the inventory compared to the appraisal. Documents missing from Borro response to my request include 25/10/2014 to 10/04/2015. I was in arrears on this loan and a new agreement was made. The loan amount was increased to £10,810.00 and the interest rate decreased to  80%.  what is interesting is that the lender should have sold this ring, the value was sufficient to pay off my debts. But that is not what happened. someone got a deal on a nice ring.  II. ON 1, Jan 2012, I took out a second loan in the amount of £3000 against another piece of Jewellery. The interest was 68.8%. I paid the P&I on this loan.    Missing from the requested information is agreement from July 10/2012 until 12/12/2012.  I did pay interest during that period and on 12/12/2012 through 11/06/2013 I renewed  with an interest rate for 79.4 %.  I renewed on 04/07/2013 through 03/06/2014 interest rate 97.8%.  I renewed this loan on 03/01/2014 interest rate was 88.8. Take note there is very little description about this item. I redeemed the loan but ended up back in the pawn. 19/06/2014 to 18/12/2014 interest eat 94.5%. I renewed this loan again 19/03/2015 . Interest rate was 93.2%. Now there is a clearer description of the ring. Documents missing from Borro response to my request include 012/06/2013 to /10/2014 to 10/04/2015. Information on the  description is also scant until I took the loan out again in 2014. The last payment on either loan was March 2015. Default date was September 2015. The lender still has my property.   PROBLEM: In 2013, Borro became aware that the reason I had pawned these items was that I was a plaintiff in a substantial lawsuit in the US. I borrowed because I had lost my job. I was not able to work( I had been FCA regulated). I was facing eviction, had serious financial stability  and some mental health problems. I gave them a copy of the pleadings. They are aware that I had claimed these loans as part of my damages.  In 2015, Periodically I requested the accounting. Some was provided some was not. As a result, in  2016, the head of credit wrote to me " "Thank you for coming in to see me today. As discussed, we will freeze your accounts with us from today the 14th October 2016 until the 31st of December 2016. This will mean that no further interest will accrue until the 31st December 2016 and we will not consign to sale until on or after the 31st December 2016."  I did not hear from them again until  08 February 2017. On 30/03/2017 I responded to Borro request that I give them an update on the accounts. I wrote that I needed a settlement figure.  No response the following week I personally met with the manager I had been dealing with. She told me that " we are not going to sell your property". We understand that you have fallen on hard times, we are human. How long will it take you to sort this out. I responded about 2 months."   I did not hear from Borro again until I wrote to them on 18/03/2019 where I stated, " the last time we met you were going to give me a settlement figure". There was no response. As a result, on  18 March 2019 I sent  an email to - Subject: RE: Borro Accounts. Dear Lender. Hello. The last time we met, you were going to give me a settlement figure. Litigation is still ongoing. We have a potential investor that has asked me to get a figure from you. Depending on that number, I can let you know if I can pay the bill and collect my things in the next few weeks. Please get in touch as soon as possible". no response.   In early July 2019 I received a call from someone at Borro. It was not a good time. I asked him to call me back the following week. I did not hear from him again either. On  6 august 2019 I received an email from Borro that I should log into my account. I was unable to. The following week I wrote to them and in summary: On 13/08/2019 I wrote and included a summary of the events: I am writing to advise you that I am obtaining advice concerning the  account. You are aware that you have not pursued any further action on this account since approximately 2014(or earlier) . This is because I had an agreement with Name Deleted that Borro was not “going to sell my property,  I recited the above summary of events.   Certainly, I had no intention to give up valuable property for almost 8 years and pay interest and principal for this long. I want to develop a resolution to the matter between us. In order to achieve this, Please can you provide me with the following information which is attached in a spreadsheet: I need a very simple accounting and please answer the below: Any renewed loans where additional credit was extended through the re-appraisal of the assets ( ie using the asset as leverage) to extend further credit where the loan proceeds were applied to the loan for reinstatement purposes. What were the source of funds for the last payment made? Because I am seeking advice with a view towards finding a resolution, I would appreciate it if you could hold action on the above account for a period of at least 30 days to give me the time  I need to obtain advice. If you are adding interest or other charges to the account, I would be grateful if you would freeze these during this period so that my debt does not continue to increase. Please can you send me the enclosed spreadsheet and the documents you loaded into my account as soon as possible. This will enable me to obtain accurate advice. I will contact you again as soon as possible with further details of a  proposal to resolve the account. ( so far this lender has not complied with my request)   SETTLEMENT OFFER From: Borro Customer Service <Contact@borro.com> Sent: 14 August 2019 13:22 To: Subject: RE: Your Loan Account   Dear borrower. Thank you for your email and for getting in touch with Borro. As you would be aware there have been many loans with Borro, with two loans that remain outstanding which we are seeking to resolve with you. Given the significant period these have been overdue, the current balance on these two loans is almost £52,000 of which the majority is interest. In order for you to move on from this debt it is proposed to sell the collateral associated with Loan DIAMOND RING 175643 in full and final settlement and return all the items under Loan 198678 to you. This would generate a loss for Borro of approximately £49,000, however given your circumstance this is something we are prepared to offer. While I would love to pay Borro £3000. I do not currently have the funds. Borro is aware because I wrote to them on august 13 advising them i am not working. I do not want to lose my property. I need to find a way for them to walk away, give me my property back. WHAT ARE MY OPTIONS? Below are the questions I have or could raise in order to "negotiate with them". Is this a high interest short term loan? What are the effects of an CCA that has an interest rate of 93.6% and is renewed every six months? It appears that one loan was "Refinanced".  What FCA terms did they violate which might apply to this situation ? After the agreement expired and terms were changed, what rights does the PB have to collect further payments or sell the ring? Did they waive their rights to further payments? How can I use refusal to produce sale information concerning the first ring, to negotiate my way out of this? What is interesting is, they sold a £14,000 ring privately, concealed the buyer and other information, then turned around and INCREASED THE INDEBTEDNESS substantially. In fact they want to do this again, but this time are offering to  write off £49,000  in other interest. What am I missing? What effect does violations of FCA 6 and 7. help me to negotiate a settlement. Is the FOS effective threat to the firm to pressure a settlement? Does a cost cap apply to these loans and if yes what is the amount of the cap? How can I use the current appraisal and FCA or any other rules to stop them from selling the ring for less than market value? I have someone looking at the accounting to see if there are errors. found several when query. anything you can find that voids the agreements? Anything else you can think of THANK YOU!!!   RING.pdf art.pdf
    • I am so sorry I see the confusion now, I was meant to say CAB not CAG. They are just sending him letters to copy and send which doesn't seem helpful at all.    I also apologise for the vague details right now. I actually thought he had got rid of the car already until he mentioned it as he dropped me off home, so I've only got a vague idea myself, i just wanted to see if there was anything he could do other than send letters. I will get more details from him and update this thread, or get him to join as you have advised.  sorry 
    • It was a late payment, no default 
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bubbsie1

Newmans chasing my Amex account

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I might try a new thread for e-Applications on credit cards, someone must know something, would love to write back to Amex and tell them to F.Off until they can produce a valid CCA but want to be sure of my ground!!

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Well it must be because we're special, or perhaps they need training and are hoping to imbibe some knowledge!!

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Let me now if I can help with inf.


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Just my two cents worth

 

What you described earlier is a screen dump and IMHO not any type of agreement.

 

ims


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Thanks ims

 

good to hear, what exactly is a screen dump?

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I have seperate threads for my problems with an Amex card; just got their response to my CCA request and it consists of what looks like two sheets of computer programming records entitled e-Application; my personal details are on them but mostly it consists of a series of codes (numbers).

 

Does anyone know whether an e-Application without a signed CCA agreement is valid and enforceable?.

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Thanks ims

 

good to hear, what exactly is a screen dump?

 

All they appear to have done is pull up your details into their database and printed the record that shows on screen.

 

Imagine I had a lttle Access database and you gave me your name, address, telephone, DOB etc. I could enter that in the relevant fields, print it off and send it to you.

 

I wouldn't, of course, have the audacity to say that it was a credit agreement!

 

ims

Edited by ims21
Must slow down and get the spelling right!

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Hi ims

 

thanks for your help, yes of course I see exactly what you mean......now for the F.Off letter.

 

bubbsie

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It depends, when was it applied for?


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I can't be absolutely certain but believe it was Aug 08

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I'm afraid a digital signature from that period is seen as adequate. :(

 

Did they send you the terms and conditions from that period too?


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Thanks Cerberus I was slowly coming to that conclusion before your reply......:violin: There are terms and conditions but nothing is dated so how would I know?

 

Going to have a large G & T or three now.......

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why did you CCA them in the first place

 

surely this is your debt...

 

what are the issues ?

 

dx


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Hi dx

 

yes it is my debt and I am not trying to avoid paying it (or any of the others) however after my income suddenly reduced to less than a third of what it had been Amex closed the account, continued to charge me monthly interest and refused to accept what I could afford to pay them after my priority bills were paid.

 

Immediately the account was given to Newmans DCA who telephoned and texted me constantly. In my naivety I sent them the same income and expenditure form I supplied to Amex, they wrote back refusing my offer and said I had assetts I could liquidate to pay the bill in full and if I did not comply they would issue an SD and make me bankrupt ( I have a property with equity which I live in).

 

Fortunately I found CAG shortly after and started the initial thread on this matter.

 

I had hoped if the agreement was not enforceable I could pay a monthly sum they would have to accept knowing the matter would not be enforceable in court.

 

I don't want to sound too defensive here and of course I accept I have to and should pay; however all of my creditors except Amex and one other were sympathetic to my reduced circumstances and accepted my offers.

 

My aim was not to avoid my debts, merely to manage them until, hopefully, things improved.

 

Not sure how to proceed now!!

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You can't be forced to sell your house to pay a non priority debt! Do not send them an I&E form again. Set up a SO for what YOU can afford to pay (your decision) and ignore their tantrums thereafter for ever and ever ahmen x


:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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Hi bbnb

 

thanks for the reply, i must admit I was sligthly surprised by the questions above,;I'm grateful for your suggestion and I will do just THAT, set up a standing order and send them what I can afford.

 

Would love to do a self managed DMP as you are but income fluctuates so much (more downs than ups) not a possiility at the moment.

 

Thanks

 

bubbsie

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I do my own DMP now as my income is like yours. I've set a minimum that each creditor gets, but if and when I can afford more they get a bit extra. You just need to calculate what that base amount is. I pay by online banking direct payment so that I have the flexibility to control the amount of each payment, rather than by fixed standing orders or a 'proper' managed plan.

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Hi OMWO

 

I do have a minimum payment that goes out each month to those creditors who agreed to accept my proposal; actually I even have one that goes out to Barclays, who like AMEX refused to accept the payment formally but have gone quiet since I sent them a SARS request and are taking the payments off the balance I owe them.

 

I will do as BBNB sugggests and set up a standing order to AMEX, it won't be enough to cover the interest they charge me each month but at least it will show willing. I could do as you have and up the payments from time to time when my income increases but worried the OC's will expect that all the time and I may find they start demanding a larger sum on a regular basis.

 

Just beginning to feel I was managing to get matters under control too!!

 

Sod's law I suppose.

 

Thanks for your help

 

bubbsie

Edited by bubbsie1
I don't seem to know where the space bar is!!

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You should write to AMEX saying what you've done and why (significant change in personal circumstances/reduction in income) and requesting they stop all interest on the account accordingly. I personally don't advocate paying more at any point as it tends to keep you on their radar and hassling you for more. I would work out what is realistic (it might only be £1/month) and set up the SO accordingly.


:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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Thanks BBNB

 

excellent idea, will do that first thing tomorrow morning.

 

Thanks

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Once the SO is up and running, you should file (but ignore) their letters demanding more money/I&E/personal details that are the equivalent of them throwing their toys out of the pram. If they call say 'in writing only' noting the day and time and then send them the telephone harrassment letter. At some point they will write for a review. At that point advise them in writing that your circumstances remain unchanged and confirm that you can cannot afford to pay more or, if they have deteriorated further reduce your SO (if more than £1/month) after writing to advise them accordingly. x


:lol:

Successfully claimed back mis-sold PPI (Barclays Bank) 2009-10 (£8500)

Ran a paid-for DMP. Deeply respect those who self-manage a DMP; it is possible to do with the help of fellow CAGGERS

Offered F&F to all my creditors. All closed out including a particularly intransigent and stubborn one - who eventually saw sense after 10 months of nonsense!

Does not condone debt avoidance but violently disagrees with the antics of debt collectors and their behavior towards the ones trying to pay. I am a great believer in what goes around, comes around. Keep up the good fight!

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Well here we go again; heard nothing from Amex or their 'collectors' for over three months, now have a card from RMA informing me they will call on me on Thursday, no date given, if that is not convenient call this numer, mobile numer given and the name to contact is A.Mercer.

 

I know everyone will say they are unlikely to call, however, had a caller here from Barclays DCA CSl and whilst I told them to clear off in no uncertain terms it made me feel as if my home had been violated (possibly a complete over reaction).

 

Does anyone have an email address for RMA resolve, so I can email them the Fudge Off letter asap.

 

Just so angry, a card with no date on it and will call 'Thursday' so any Thursday from now until enternity, when of course they are not harassing any other poor sod, who the F do these people thin they are?

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Hello again bubbsie, as you know never phone what ever they say.

There's no e-mail address on their site that I can see,perhaps someone has it.

Although in my humble opinion it would be best sent recorded delivery.


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