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Ge money - Secured loan Fees reclaim - **WON AT COURTS DOOR** now after legal fees


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Nope dot1....they offered less than half and will only take it off the arrears balance..so options are write again and ask or issue court preceding....it's GE after all...if you get del payments and it's. A month you. Get 2 the 2nd is credited to your arrears balance!!!!!

If you kick a Tiger in the Ass youbetter have a plan to deal with its teeth :madgrin:

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Hi Dot1 - still waiting for hearing date ---- but hoping they might settle beforehand !!!Anyone else got any further with GE ??

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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Hi Dot1 - still waiting for hearing date ---- but hoping they might settle beforehand !!!Anyone else got any further with GE ??

 

I hope they will come to their senses and bring the matter to an end soon. I have not come across anything interesting regarding similar claim.

Fingers cross and everything should be over soon. I know the waiting is the most difficult part.

 

Thanks

 

Dot

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  • 4 months later...

Despite much blustering (your claim will be stuck out

/ your claim not justified

/ this doesn't applly to us

/ them fully defending the claim, etc)

this claim was settled

- to my satisfaction

- several days before the court hearing was scheduled to take place.

 

 

I was getting worried,

thinking I'd have to go to court and they'd not up the offer, but they did.

 

 

All I can say is stay strong and stick to your guns - in my case it paid off.

 

 

I'm chasing them now for new £40 charges they still keep adding to the account ..........

...Here we go again .....

........... oh happy days

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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  • 1 month later...

Hi

 

I know when things go wrong and end up in court we have to pay legal fees.

 

 

I've approached GE Money to ask for copies of the legal invoices, which they will not send?

 

Surely if I've been charged them then there should be invoices available.

 

Given that they charge extortionate monthly admin fees, it makes me wonder if the legal charges are over-inflated too???

 

 

Any comments peeps???

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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I think that the only way to start checking is to send an SAR and see what that produces.

 

If they will not justify the money that they are asking then I would say that this is unfair treatment the newer then looking at a possible small claims action under cobs

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Thread moved to the appropriate forum.

 

Regards

 

Andy

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  • 11 months later...

Further to all the cases of irresponsible lending for payday loans ......

 

I know it's completely different, but - being subprime and catering for applicants with less than good credit history ... Is it possible that some of these loans could have been loaned irresponsibly?

 

Would a full SAR show the criteria that should have been met for the loan to have been approved?

 

Just a thought. ????

 

Hi, we all know GE MONEY (and others) charge £40 per month in admin fees when accounts are in arrears.

 

I know it's totally different ... But. ........ Following all of the claims for irresponsible lending against payday loan companies .....

 

Is it possible that - whilst catering for the subprime market - and obviously customers with less than good credit history - these companies knowingly loan to people they know will default so they can then add on these excessive charges ??

 

Could / would this be classed as irresponsible ?? Would a full SAR show the lending criteria and the checks carried out when deciding to approve a loan??

 

This is just something I've been mulling over for some time and wondered what others thought .......

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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Any company that lends to someone with a poor credit history will almost certainly charge horrendously high interest rates and will almost certainly be looking to maximise their profits with the high default charges !

 

 

Those companies that provide secured lending on this basis will almost certainly be lending irresponsibly because they realise they have some security one way or another.

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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.

 

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http://www.consumeractiongroup.co.uk/forum/showthread.php?464962-Irresponsible-lending-...&p=4904673#post4904673

 

 

You appear to have 2 threads on the same issue. Probably best to stick to the one.

 

 

Yes, a Subject Access Request should show the criteria as any borrower would have had to complete some kind of check list with the company.

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

 

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

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Threads merged.

 
 

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

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  • 3 weeks later...

. Would the time frame for trying to claim irresponsible lending be the standard 6 years from the date when the loan was taken out ...(in which case 11 years ago) or as account Is still being paid, would it still be classed as current ... Hope that makes sense

 

Trying to work out if worth pursuing this avenue .........

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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If you are still making payments to the loan and it is still current then you can make your claim. It is my understanding for the 6 year bar is that it starts from when you cease the relationship with the company.

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

 

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

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Thank you ...... off I go again!!!

jaxads

 

Halifax - £2281, successfully refunded all charges after LBA letter & telephone call.

Have been offered the difference between the £20 and £12 charges from Capital One -- am sending LBA for remainder.

GE Money - Received settlement of £441, being total charges requested. No interest though.

CCA'd Bank of Scotland / Blair Oliver Scott to produce CCA Agreements on two Credit Cards - well in default, although still chasing payment!!!

EOS Solutions "ceased action on account" on behalf of a friend.

 

All in all, quite busy at the moment and enjoying every minute of it
:eek:

 

 

 

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