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unregulated loan - getting confused


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unregulated loan - getting confused

 

i borrowed 67k

paid 40k

they want 93k

 

i spoke to OFT/FSA/FOS and then back to OFT

 

I was sold a loan by a company with no consumer credit license

OFT say its unenforceable

 

they dont get involved just want to investigate it

 

what - oh what ? please please please do I do now? thanks

 

please what is the best type of solicitor to deal with an unregulated credit agreement (namely secured loan on house at crippling loan shark interest)

- want fairer terms on this

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Hi intheblack. I'm sorry you're having problems. If you'd like an answer about this, the way to go is to start your own thread and get answers about your own issues.

 

Someone else might know the appropriate forum, or you could start off here and the site team can move the thread later if it's suitable.

 

My best, HB

Edited by dx100uk
unnecessary previous post quote removed

Illegitimi non carborundum

 

 

 

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no - not from OFT they are just interested in investigating them for credit fitness

 

I think I do legal from this point, not sure FOS much help

 

They are governed by FLA and do not adhere to banking code

 

i got confidence tricked - paid 40k and its 95k to get out

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Who was the introducer ? Are you able to post up the agreement here ? (minus the personal details of course). Was the commission to the introducer revealed ? Who are the loan company ? any PPI on it at all ?

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Could you e-mail or write to your contact in the OFT and get them to say it is unenforceable in writing. if you have that, then you can tell the lender to get lost.

 

 

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