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    • I wonder if anyone can help me. I had a loan with a high street bank from about 10 years ago and I had to stop paying because I lost my job. I reduced my payment to a token payment for a few years but I then ceased this some years ago because I took some advice from an online forum which said that I should ask a ‘Subject Access Report’. I did this and I also asked for a copy of the contract with both signatures which highlighted that myself and the bank had a contract and what its terms were. As the loan was made up of an overdraft and a formal loan I thought they would have paperwork. However, eventually the bank responded by saying that they had no contract and they admitted that as such it was not enforceable in court. Over the last year, the bank have again appointed Moorcroft Debt Recovery Limited to use their strongarm tactics. I have not been responding to the last couple of letters asking me to contact them to arrange a payment plan and now their letters are becoming more threatening. Here is the text of their latest letter……. Quote   We are aware that you have failed to agree an affordable repayment plan with us concerning the above account.   As no agreement has been reached we are now in the process of reviewing your account to consider the steps which may be taken in relation to further debt recovery action. The options include recommending one of the following:   ·         1. Continue in our attempts to contact you by letter and phone. ·         2. Instruct a local representative to arrange to call at your home address to try to re-establish contact with you.   To prevent possible further action you must contact us. Failure to contact us by the 22/10/19 will result in one of the aforementioned debt recovery actions being undertaken without further notice.  Unquote As you can see, they are now getting more threatening. I really do not want people knocking at my door – does anyone have any ideas as to what I can do to sort this situation? I do not want to pay for something that seems unenforceable but I do not want knocks at my door either. Any help would be appreciated.   Kind regards    
    • Yes it was a tomlin/consent order I have a recent statement its not showing any additional charges on it. The statement does not show the balance to pay each month, as the contract was terminated in March 17 and the termination bill was added to the account so my payments reduce the account balance £14262.38  Capital £6995.00 Interest £7213.38 Plus 3 x £18 charges  I presume if it went to court again I would be notified?    I thought court costs and charges could increase a balance owing but not be included in arrears or court proceedings when listing the amount owing, or am I wrong?    
    • Check to see if they are adding monthly charges inflating arrears as per DX.
    • .So I’ve been at the flat for a number of years , you had to be a certain age back then, now all ages and couples with young babies get put here , first floor , no garden not a good area not so bad either .   ive just had a letter to say I’ve been taken off the list to transfer to a more appropriate home ,  no notice just taken off, council are saying my age group no longer qualify.. I spoke to equality and human rights council they suggested I complain siting The Public Sector Equality Act 2010. ( The General Duty and Specific Duty)  relating to age discrimination.      But I’ve also come across this in LAW Quarterly online Mag.    LHA’s allocation scheme suspending applicant’s ability to bid (R (Alemi) v Westminster City Council) The High Court has held that Westminster City Council’s allocation scheme suspending certain applicants from bidding for social housing for 12 months breached section 166A(3) of the HA 1996 (setting out which groups of people should be given reasonable preference when allocating housing).   Interesting i thought?               
    • so you've had a notice of assignment then?   if so that's rare for nasty west to sell it on they typically litigate themselves so I bet the debt is vastly inflated with penalty charges and the interest they attract.   i'd be sending NW an sar get all the statements. then go thru them with a fine toothed comb.   could be £1000's to reclaim....   pers i'd stop paying   what was the original debt amount and what is outstanding now a bit more info on the history please   dx    
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MARTIN3030

Whistleblower sees FSA begin investigations into Libor style fixing of Gas prices by UK operators.

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The Financial Services Authority, is investigating claims by a whistleblower that Britain's £300bn wholesale gas market has been "regularly" manipulated by some of the big power companies, exploiting weaknesses that echo the recent Libor scandal.

Separately, the energy regulator Ofgem has been warned by a company responsible for setting so-called benchmark prices, ICIS Heren, that it had seen evidence of suspect trading on 28 September, a key date as it marks the end of the gas financial year and can have an important influence on future prices.

 

 

 

 

 

http://www.guardian.co.uk/business/2012/nov/12/libor-like-manipulation-gas-markets


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Disgraceful. If this is proven to be true, then I think everyone should cancel payments to their Gas suppliers and only agree to pay if a credit of say £100 is credited to their accounts, as a gesture, before a full calculation of overpayment is made. You have to think about the elderly who have died during cold weather when they could not heat their homes and also people who could not pay their bills being subject to debt collection.


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Its unimaginable that all of the big 6 colluded in this to fix prices,but since we know this happened in the Libor scandal,it not beyond belief.

Its getting the proof which may be difficult since these are very complex processes.

Heads are certain to roll if they are found to be guilty.

With the possibility of fines equal to 10% of turnover too-this could see the largest corporate fines ever to be handed out in the UK.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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To give some idea of the magnitide of potential fines here are the figures for turnover from the big 6 from 2011

 

npower turnover was £6.3bn (profit was £14m)

 

Scottish Power turnover was £3.5bn (profit was £82m)

 

EDF turnover was £6.3bn (profit was £92m)

 

E.ON turnover was £6.6bn (profit £226m)

 

Centrica turnover was £11.2bn (profits were £1bn)

 

Scottish and Southern turnover was £28.3bn) (profit £1.31bn)

 

Total £62.2bn

 

10% of £62bn = £6.22bn


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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To give some idea of the magnitide of potential fines here are the figures for turnover from the big 6 from 2011

 

npower turnover was £6.3bn (profit was £14m)

 

Scottish Power turnover was £3.5bn (profit was £82m)

 

EDF turnover was £6.3bn (profit was £92m)

 

E.ON turnover was £6.6bn (profit £226m)

 

Centrica turnover was £11.2bn (profits were £1bn)

 

Scottish and Southern turnover was £28.3bn) (profit £1.31bn)

 

Total £62.2bn

 

10% of £62bn = £6.22bn

 

 

makes no difference if it was £200 or £2 trillion. would not impact on those bunch of "alleged" fraudsters anyway as all they will do is load the future bills to cover these fines and losses and with ofgem as toothless as it is and always allowing these company's to get away with any price hike they want, there will be nothing we can do about it.

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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Also under new powers announced in September it was revealed that customers overcharged or mi sold would benefit from any fines that in the past have gone to OFGEM.

 

http://www.bbc.co.uk/news/business-19688019


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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