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anney63

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Hi

I am just starting out looking at my friends welcome accounts as she has had some real hardship. I know there is PPI on there but Im not sure how to go about claiming the charges or do you do them both together . I have attached the account .

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How on earth can I work out the interest on the PPI.

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Just working out PPI on this do I take the % of the monthly PPI and % of the monthly interest as the total PPI charged and then the % of the payment. Not as straight forward as other loans as they add the total interest on at the start . I would appreciate help Thanks

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Charges ready to claim will follow with PPI . Not tried this since I claimed my sons charges in 2007 . Can someone please check sheet for me. I will need help along the way. Thank You

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Hi anney. Sorry you havent had a response yet. However, someone should be along soon ( theyre probably making the most of the good weather we have right now :) ).

 

If nobody replies to your thread in the next day or two, click the triangle button at teh bottom of your post and ask a site admin to look in :)


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

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Thank you for your response. I have been working on the PPI spreadsheet not sure if its right or wrong but honestly this girl borrowed £1800 in 2004 hit hard times and now owes £3629.65 Please see PPI Spreadsheet not sure if this is right. Managed to get Interest stopped in 2011 .

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Hi anney...sorry you have been missed.

 

I can see on the statement that the PPI was £724.77?

 

Have you got the agreement detailing the loan advance etc.?

 

As you say, we need to work out some percentages here and the agreement (or the figures from it) will make life easier.


If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

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No apparently they are saying they sent another 115 pages but we havent seen them yet but the figures were on sheet thats what I copied .

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Have you done a SAR to them?

 

If not then I would do so.

 

If you have and there is information missing then you need to press them for the missing data.

 

It would be good if we could work from good base data.


If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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Yes I have

 

all they sent was a statements when I phoned them

 

they told me there should be another 115 pages.

 

I said where are they then so hopefully they should be here in the next few days

and I can do a double check on everything

 

apparently there was another loan before this.and this was taken out to clear that.

 

so I'll wait if its not here by Thursday then I will chase again and send a non compliance letter

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I have the agreements but they were taken out in 2003 -2004 will I still be able to claim PPI

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Hi Anney

 

Have a read of No.1 in my signature...it will give you a good grounding in where we need to go with the calculations.

 

If and when you get stuck, shout here.


If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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I have the agreements but they were taken out in 2003 -2004 will I still be able to claim PPI

 

yes there is no time limit on PPI reclaims

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Welcome have made an offer and they would be taking the amount off the debt. A letter was received in June stating that they had sold the debt to Aktiv and they were now responsible. Can they still take the money or should they send me the payment ??

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You no longer own the alleged debt and have no right to withhold monies in respect of it. If XXXX wish to pursue me for any amount they allege I owe them, that is their prerogative.

 

The authority for my views is the case of Edlington Properties v. Fenner & Co. Ltd [2005] EWHC 2158 (QB) which affirms this position, that the assignor has no right of set-off to a third party (assignee) for a damages claim brought against it post-assignment, as any equitable set-off in this regard is personal in nature and the debt sold is not transferred subject to it.

 

Further information on the right of setoff can be found on the Financial Ombudsman’s site which clarifies in layman’s terms the rights of banks to take the action you indicated in your settlement letter. Banking: firms' right of 'set off'.


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Thaniks DX They have also stated that they are refunding £756 in Charges. Which they have advised Aktiv Kapital to refund . Can They do this ????

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no nothing to do with AK.

 

reclaims come from who levied them.

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Emm, a puzzle if the debt sold includes ALL the penalty charges then the OC has a point in saying the debt purchaser should repay them, guessing that there would be some 'intercompany' compensation deal.


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Now I am confused. I have a letter written as per DX100 post what should I be doing ?????

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The point is they would have sold the debt at a fraction of the value and I was hoping to make an offer to clear a few of my friends creditors with the cheques. All so confusing !!!!

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Still waiting for Welcome to respond to letter all I get is it is with our legal department . I have made numerouse calls requesting a response !!!

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Right

 

today I received a text from the legal guy at Welcome.

 

They assigned the debt to Aktiv in June .

 

My friend received a chase letter at the end of August after claiming chrges and PPI from Welcome.

 

Suddenly the debt has gone down to £756. which is the amount of the charges.

 

I have been chasing a response to me letter written 21st August as per DX 100 advice,.

 

Today I received a text stating that they will not be paying my friend as they have a contractual provision which covers this .

 

Can anyone enlighten me as to what this can be if they have sold the debt.

 

Should I ask for a copy of the remittance showing the £756 was paid to Aktiv in full.

 

We all know that they sll these debts at a fraction which means they not necassarily have paid the full amount of the charges of £756

 

My friend has not signed the paperwork stating that they can take the money off her account as Welcome no longer own it .

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if they have sold the debt

 

there is no contractual off set they have sold all their rights

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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Right so when he tries to explain this tomorrow I will ask him to put it all in writing and then what will be my next course of action will that be FOS or court !!!!!

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writing only

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, the whole DCA industry would collapse overnight.

 

 

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