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Swift - FSA and 2nd charge 'redress' How much did you get back ??


42man
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  • 3 months later...

Hi,

 

Swift has been stealing money from us for the last 7years.

God knows how much we have been charged.

 

But I have heard nothing about this at all, does this only apply to those people that have complained to the FSA or should it cover everyone ?

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It is on the grapevine that a certain Swift customer has just obtained a Judgement ( Friday) against Kestrel Loans No 1 Ltd ...one of the companies that Swift had sold all their loans to..........this judgement although in the
county court
link3.gif
............is a very important Judgement............no Defence was attempted to be filed and was out of time by 3 weeks.

This will impact on Swift Advances plc severely.......so take heart.

 

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  • 6 months later...

Hi

 

Hope somebody can help. I am with Swift Advance ,a second mortgage, so don't qualify for redress (What!!) If their charges are unfair they are unfair for any borrower. I am claiming charges fees etc back on this basis and FSA ruling. What I needed to know however is what exactly are Swift 1st ' charges so I can compare them to mine with Swift Advances. If I go to court then I want to show Judge the comparison etc

 

SWIFT ADVANCES CHARGES

 

Currently the Management Fee is £64.00 if in arrears - no charge if in repayment plan

 

but previously:

£23.00 per letter

£12 per phone call

£33 Direct Debit Bounce

£70 Management/Arrears Fee £35 if in payment plan

£75 Letter before action (Court)

£250 Default 1st time

£110 Default Charge 2nd time.

 

 

Does this compare with what Swift 1st are charging. If anyone has answers or an post up list of charges etc I'd be very grateful

Thanks

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