Jump to content


  • Tweets

  • Posts

    • The move marks the first time the country's central bank has raised interest rates for 17 years.View the full article
    • The move marks the first time the country's central bank has raised interest rates for 17 years.View the full article
    • The firm has benefited from the AI boom, making it the third-most valuable company in the US.View the full article
    • Former billionaire Hui Ka Yan has been fined and banned from the financial market for life.View the full article
    • In terms of "why didn't I make a claim" - well, that has to be understood in the context of the long-standing legal battle and all its permuations with the shark. In essence there was a repo and probable fire sale of the leasehold property - which would have led to me initiating the complaint/ claim v SPF in summer 19. But there was no quick sale. And battle commenced and it ain't done yet 5y later. A potential sale morphed into trying to do a debt deal and then into a full blown battle heading to trial - based on the shark deliberately racking up costs just so the ceo can keep the property for himself.  Along the way they have launched claims in 4 different counties -v- me - trying to get a backdoor B. (Haven't yet succeeded) Simultaneously I got dragged into a contentious forfeiture claim and then into a lease extension debacle - both of which lasted 3y. (I have an association with the freeholders and handled all that legal stuff too) I had some (friend paid for) legal support to begin with.  But mostly I have handled every thing alone.  The sheer weight of all the different cases has been pretty overwhelming. And tedious.  I'm battling an aggressive financial shark that has investors giving them 00s of millions. They've employed teams of expensive lawyers and barristers. And also got juniors doing the boring menial tasks. And, of course, in text book style they've delayed issues on purpose and then sent 000's of docs to read at the 11th hour. Which I not only boringly did read,  but also simultaneously filed for ease of reference later - which has come in very handy in speeding up collating legal bundles and being able to find evidence quickly.  It's also how I found out the damning stuff I could use -v- them.  Bottom line - I haven't really had a moment to breath for 5y. I've had to write a statement recently. And asked a clinic for advice. One of the volunteers asked how I got into this situation.  Which prompted me to say it all started when I got bad advice from a broker. Which kick-started me in to thinking I really should look into making some kind of formal complaint -v- the broker.  Which is where I am now.  Extenuating circumstances as to why I'm complaining so late.  But hopefully still in time ??  
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 160 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like
  • Recommended Topics

Ge Money and Link Financial


STEEKO00
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3925 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hello,

 

I hope someone can offer me some advice.

 

I had a 10 year loan through GE money to pay for double glazing windows on a previous address.

I had only two years to go with the loan, about £1700, when we moved to Scotland.

 

On moving, we paid most of our loans off and I changed bank.

 

I did not pay off the GE money loan and I overlooked the direct debit when we moved banks.

 

I was unaware that we were now missing payments and GE Money sent letters to my old address and then a default letter, which I obviously never got.

 

A credit check search highlighted the problem, I phoned GE money to explain and they advised me the loan had been sold to Link Financial.

 

I spoke with Link and they told me the loan was now £3,845 because of charges added.

 

They told me the default on my credit file will be lifted on full payment and offered a reduced amount to clear it.

 

I was unable to make any sort of reduced payment and agreed a monthly payment plan of £110.

 

I asked that they send me details of the loan and charges but they never appeared.

 

They call every six months to try and clear the amount with a reduced figure of what I owe, which does not sound right.

 

My job requires me to be vetted and the default causes me difficulty every year.

 

When GE money sell the loan, do the charges get sold too?

 

How can I make them send me details of the loan sold to them and the charges.

 

Steve

Edited by STEEKO00
typing error
Link to post
Share on other sites

  • Replies 87
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

opo

 

hi steve

 

never ever trust anything a DCA says esp LINK.

 

if they are offering a DISCOUNT

 

there is something WRONG with it

 

PENALTY charges

or

PPI

 

or No paperwork.

 

if you are paying them STOP NOW.

 

NEVER EVER phone a DCA

 

they are NOT BAILIFFS

and have NO SUCH LEGAL POWERS.

 

they will say and lie to get money out of your

by any means

 

the money you are paying is NOT

going off the debt!!

 

its going to their pocket!

 

http://www.homesandproperty.co.uk/property_news/news/millionairedebtcollectordigsdeepinsouthkensington.html

 

what is the default date on your CRA file?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

not the way to go about it

 

they wont removed the default i bet

 

they have you on a string.

 

have you got ALL the statement?

 

and is this promise IN WRITING?

 

i bet not

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Hi,

I only have LINK statements. When we moved house the original Ge Money documents were mislaid, so I don't have any statements from them.

 

Yes the offer of removing the default was only made by phone, not in writing. If I don't pay the default it remains for six years but the balance will show I still owe money, not that its cleared. Surely its better to have a cleared balance default than one with an outstanding debt? I did owe money, but not that much...

 

how can I get details of the 'charges' or the loan they bought from GE money?

Edited by STEEKO00
Link to post
Share on other sites

i'd sar ge then get everything something smels here.

 

just to clarify,

 

the default would have been put on by the OC

 

and link would just have their name substituted

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

I would also suggest that you send a cca request to link to get them to provide the correct agreement. The cca request only costs £1 and if they can not provide the agreement and the required paperwork they are stuffed. If they do then a Sar to G.E.

 

Slightly different approach to dx and its up to you to decide.

Any opinion I give is from personal experience .

Link to post
Share on other sites

always PO's BLANK too.

 

however, the idea here is for the OP to get the default removed.

even if link dont have a CCA , it wont resolve that issue.

 

worth the £1 though to get link off your back.

 

link will never remove the default anyhow

its just a spoof yo make you pay when you prob owe nowt in reality

GE wont sell a debt without a reason.

 

if the default was faulty, i'e the figure contained PENALTY charges, thats your route to removal.

 

dx

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Excellent

 

I'll SAR GE money, CCA Link and stop payments until resolved. I take it a default has to for the outstanding debt only without penalty charges?

 

Ill update the post with any replies from either company

 

Steve

Link to post
Share on other sites

  • 3 weeks later...

Hi,

 

Link response to the CCA was a standard letter stating Link purchased the loan from GE money on 27th January 2011 and the balance was 3,735.96. They have requested a copy of the agreement from GE money as they don't have it and could take up to 30 days.

 

SAR response from GE money was a full statement of the account and spreadsheet of correspondence regarding the account.

 

On 20/08/2010 I made my first missed payment and the balance was 3,290.64.

 

02/09/2010 letter sent First Reminder

21/10/2010 letter sent Final reminder CCA

21/10/2010 letter sent First Notice sums in arrears

 

After the first three missed monthly payments, each incurring a £25 unpaid DD fee, the account was hit with a £30 fee for 'missing instalment fee'

 

A further four missed monthly payments were made, each incurring a £25 unpaid DD fee

 

16/12/2010 a Default notice CCA fee of £30 was added.

 

On the letter list it shows on 17/12/2010 two letters were sent to my old address

1. L167 - Unsecured calling in notice

2. DFC1-CCA Notice of Default Sums/Default notice Fee

 

20/12/2010 returned DD added + £25 fee

 

24/12/2012 a 'Calling in Notice CCA' fee of £25 was added

 

On 25/12/2010 a letter was sent CIN1 - CCA Sent Notice of Default/Call in Notice fee

 

31/12/2010 interest of £62.67 is added to the account

 

07/01/2011 A further returned DD with a fee added (£25)

 

18/01/2011 £35 interest added to account and the total is now £3845.96

18/01/2011 Bad debt write off is shown on the account and £3845.96 is credited showing the account £0.00

 

18/01/2011 Is the default date on my credit file and the amount is £3845.

 

Can I get any help with the default as there appears to be interest and charges added?

Link to post
Share on other sites

yes i bet

 

scan it up or the agreement please

 

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all monetary figures and dates.

*********************************************************

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

try www.pdfescape.com TO BLANK STUFF,

*************************************************************

or

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or use www.pdfmerge.com

convert existing PC files to PDF [office has an installable print to PDF option]

..

 

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though dont use full bank names or CAG in the title

i'e Default notice dd-mm-yyyy TSB

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

so you do have penalty fees good

there is a chance then

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Thanks dx

 

I don't have the agreement yet, await Link producing it... I've uploaded the statements and list of letters sent to my old address.

 

Any help trying to get rid of the default/claim back fees would be appreciated.

 

Steve

Link to post
Share on other sites

where are the missing statements please

between 20/1/2005 and 31/3/2010?

defaulted by dn 24/11/2010

 

the dn balance contained PENALTY fees

it istherefore invalid - default must be removed.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

Dx. Are you saying that if the balance recorded on your credit file as the default balance contains penalty charges then this is wrong and the default marker must be removed?

 

If that is the case I could clean up my credit file overnight.

could you clarify please.

Any opinion I give is from personal experience .

Link to post
Share on other sites

Dx. Are you saying that if the balance recorded on your credit file as the default balance contains penalty charges then this is wrong and the default marker must be removed?

 

If that is the case I could clean up my credit file overnight.

could you clarify please.

 

 

I think what dx is referring to is the Default Notice - the amount demanded to remedy can only be genuine arrears . Default/penalty charges are not genuine arrears and would make a Default notice incorrect.

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

Hi,

I was reading the post on single payment PPI which I think relates to this also I believe the part for me is

So in this scenario you would put forward a claim for the total amount of the PPI premium plus the interest charged by the bank on the payments actually made plus the further 8% statutory interest on each payment actually made.
just cant get my head around the spreadsheet. I worked out that I paid £8051.54 in 77 direct debits before the default. That's an average of £103 a month. PPI percentage is 10.18% so £10.48 was PPI per month. Times 77 is quite a bit including the 8%. Nearly enough to clear the outstanding debt.....How do I it get this onto the spreadsheet as it only shows one monthly PPI payment? Or do I show my calculations on a letter to GE Money?

 

Will this support my default removal also?

 

Thanks for any advice

 

Steve

Link to post
Share on other sites

nothing here says reclaiming PPI gets the defaults off.

good idea to reclaim the PPI though!! but for later!

 

 

you need to reclaim the penalty fees.

 

put EVERY fee in this spreadsheet

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that foslink3.gif will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitutionlink3.gif is claimed.

 

CISheet v101.xls

 

 

do you know their int rate for cell D15?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

sure

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...