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    • Hi Tawnyowl here,i have been watching events over the last week or so as things develop. Labrat,such a sense of humour.😀 Hi honeybee13 . Sure does     Anti-fracking campaigners have reacted with concern to news that the British Geological Survey (BGS) signed a non-disclosure agreement with Cuadrilla over access to operational data. https://drillordrop.com/2019/08/24/suspicion-over-fracking-firms-secret-deal-with-geological-agency/   Cuadrilla has been accused of trying to downplay last night’s 1.6ML earth tremor caused by its fracking operation near Blackpool. The tremor, at 8.46pm, was the largest so far recorded at the Preston New Road site since fracking began there in October 2018. https://drillordrop.com/2019/08/22/living-in-fear-residents-respond-to-1-6ml-fracking-tremor/ Energy firm Cuadrilla said a 2.23-magnitude tremor was recorded at its facility near Blackpool at 11.01pm on Saturday – the third “micro seismic event” this week. While some local residents may have felt the movement, it was not strong enough to have caused any damage to property, the firm added.  Do you believe anything this company says. Like their so called micro seismic events you would think damage could have been caused to properties. Once buildings start shaking this must happen surely. I was approached this afternoon while at a cricket match. Just chatting way about this and that when the person said Did you feel the Earthquake last night. I had not even heard about it,tell me more i said. Lights and windows shaking moving around about a mile away on one of the North of Englands largest housing estates. And there are reports of many more people feeling this event covered on this link. Why should a community be put through this,waiting for the next one. People living around Cuadrilla’s shale gas site reported shaking buildings and windows last night from a 2.1ML tremor. This is the strongest seismic event so far induced by fracking at the Preston New Road site near Blackpool. It brings to more than 90 the number of tremors since fracking resumed at the site less than a fortnight ago. Within minutes of the tremor, there were reports that people had felt it from surroundings towns and villages including Blackpool, Weeton, Westby, Peel, Kirkham, Wrea Green, Great Plumpton and Lytham St Annes. Much more on the link. https://drillordrop.com/2019/08/25/call-for-fracking-ban-after-2-1ml-tremor-shakes-buildings-around-cuadrilla-shale-gas-site/   You might notice that the BGS has a page now for human activity causing Eartquakes-link Last updated: Sun, 25 Aug 2019 18:10:00 (UTC) This list contains seismic events for which there is strong evidence that they have been induced by human activities. It is linked to a database of seismic events and locations and magnitudes may change as events are re-analysed and revised. Background, tectonic seismic activity is reported on our recent earthquakes list. http://earthquakes.bgs.ac.uk/induced/recent_uk_events.html   I had better leave it there for now, more soon.,how will it all end because surely it will. Things cannot carry on much longer like this,can they? Bye for now. Tawnyowl writing from the Earthquake centre of Great Britain courtesy of Cuadrilla Fracking.
    • happy for mod to move it to suitable location under thread title Background: Thanks in advance for any thoughts you can share. This is a very long history, I appreciate your time. In 2011 I took out a £8500. loan from Borro private finance against art and jewellery to make ends meet. The agreements are attached below. This is a CCA. Borro regulated by the FCA. The interest rate is APR 68.8  % for 6 months.  I paid the interest and capital during the period term. On 3 May 2012  I renewed this loan at 79.4% interest for another 6 months.  Last week I requested all evidence the lender holds concerning the agreements. Missing are 03/05/2012 through 14/06 2013.( not under a SAR).  I fell into arrears on the loan and one piece of jewellery was sold, reducing the balance to £6400. Dec 2014.   The lender took a payment of interest £2044.16.  Renewed against the other items ( art etc) on this loan.  The new interest rate increased to 88.8%  . At the time the ring was sold, I requested all documents concerning the sale. Borro produced none. The ring is appraised at $17,5000.  £14,000.  The ring was sold for £3500.  I have an appraisal. I was notified prior to the sale. The ring was sold by "private treaty". I continued to ask for information about this sale until todays date. No information has been provided.  I took a huge loss . The ring is not clearly described on the inventory compared to the appraisal. Documents missing from Borro response to my request include 25/10/2014 to 10/04/2015. I was in arrears on this loan and a new agreement was made. The loan amount was increased to £10,810.00 and the interest rate decreased to  80%.  what is interesting is that the lender should have sold this ring, the value was sufficient to pay off my debts. But that is not what happened. someone got a deal on a nice ring.  II. ON 1, Jan 2012, I took out a second loan in the amount of £3000 against another piece of Jewellery. The interest was 68.8%. I paid the P&I on this loan.    Missing from the requested information is agreement from July 10/2012 until 12/12/2012.  I did pay interest during that period and on 12/12/2012 through 11/06/2013 I renewed  with an interest rate for 79.4 %.  I renewed on 04/07/2013 through 03/06/2014 interest rate 97.8%.  I renewed this loan on 03/01/2014 interest rate was 88.8. Take note there is very little description about this item. I redeemed the loan but ended up back in the pawn. 19/06/2014 to 18/12/2014 interest eat 94.5%. I renewed this loan again 19/03/2015 . Interest rate was 93.2%. Now there is a clearer description of the ring. Documents missing from Borro response to my request include 012/06/2013 to /10/2014 to 10/04/2015. Information on the  description is also scant until I took the loan out again in 2014. The last payment on either loan was March 2015. Default date was September 2015. The lender still has my property.   PROBLEM: In 2013, Borro became aware that the reason I had pawned these items was that I was a plaintiff in a substantial lawsuit in the US. I borrowed because I had lost my job. I was not able to work( I had been FCA regulated). I was facing eviction, had serious financial stability  and some mental health problems. I gave them a copy of the pleadings. They are aware that I had claimed these loans as part of my damages.  In 2015, Periodically I requested the accounting. Some was provided some was not. As a result, in  2016, the head of credit wrote to me " "Thank you for coming in to see me today. As discussed, we will freeze your accounts with us from today the 14th October 2016 until the 31st of December 2016. This will mean that no further interest will accrue until the 31st December 2016 and we will not consign to sale until on or after the 31st December 2016."  I did not hear from them again until  08 February 2017. On 30/03/2017 I responded to Borro request that I give them an update on the accounts. I wrote that I needed a settlement figure.  No response the following week I personally met with the manager I had been dealing with. She told me that " we are not going to sell your property". We understand that you have fallen on hard times, we are human. How long will it take you to sort this out. I responded about 2 months."   I did not hear from Borro again until I wrote to them on 18/03/2019 where I stated, " the last time we met you were going to give me a settlement figure". There was no response. As a result, on  18 March 2019 I sent  an email to - Subject: RE: Borro Accounts. Dear Lender. Hello. The last time we met, you were going to give me a settlement figure. Litigation is still ongoing. We have a potential investor that has asked me to get a figure from you. Depending on that number, I can let you know if I can pay the bill and collect my things in the next few weeks. Please get in touch as soon as possible". no response.   In early July 2019 I received a call from someone at Borro. It was not a good time. I asked him to call me back the following week. I did not hear from him again either. On  6 august 2019 I received an email from Borro that I should log into my account. I was unable to. The following week I wrote to them and in summary: On 13/08/2019 I wrote and included a summary of the events: I am writing to advise you that I am obtaining advice concerning the  account. You are aware that you have not pursued any further action on this account since approximately 2014(or earlier) . This is because I had an agreement with Name Deleted that Borro was not “going to sell my property,  I recited the above summary of events.   Certainly, I had no intention to give up valuable property for almost 8 years and pay interest and principal for this long. I want to develop a resolution to the matter between us. In order to achieve this, Please can you provide me with the following information which is attached in a spreadsheet: I need a very simple accounting and please answer the below: Any renewed loans where additional credit was extended through the re-appraisal of the assets ( ie using the asset as leverage) to extend further credit where the loan proceeds were applied to the loan for reinstatement purposes. What were the source of funds for the last payment made? Because I am seeking advice with a view towards finding a resolution, I would appreciate it if you could hold action on the above account for a period of at least 30 days to give me the time  I need to obtain advice. If you are adding interest or other charges to the account, I would be grateful if you would freeze these during this period so that my debt does not continue to increase. Please can you send me the enclosed spreadsheet and the documents you loaded into my account as soon as possible. This will enable me to obtain accurate advice. I will contact you again as soon as possible with further details of a  proposal to resolve the account. ( so far this lender has not complied with my request)   SETTLEMENT OFFER From: Borro Customer Service <Contact@borro.com> Sent: 14 August 2019 13:22 To: Subject: RE: Your Loan Account   Dear borrower. Thank you for your email and for getting in touch with Borro. As you would be aware there have been many loans with Borro, with two loans that remain outstanding which we are seeking to resolve with you. Given the significant period these have been overdue, the current balance on these two loans is almost £52,000 of which the majority is interest. In order for you to move on from this debt it is proposed to sell the collateral associated with Loan DIAMOND RING 175643 in full and final settlement and return all the items under Loan 198678 to you. This would generate a loss for Borro of approximately £49,000, however given your circumstance this is something we are prepared to offer. While I would love to pay Borro £3000. I do not currently have the funds. Borro is aware because I wrote to them on august 13 advising them i am not working. I do not want to lose my property. I need to find a way for them to walk away, give me my property back. WHAT ARE MY OPTIONS? Below are the questions I have or could raise in order to "negotiate with them". Is this a high interest short term loan? What are the effects of an CCA that has an interest rate of 93.6% and is renewed every six months? It appears that one loan was "Refinanced".  What FCA terms did they violate which might apply to this situation ? After the agreement expired and terms were changed, what rights does the PB have to collect further payments or sell the ring? Did they waive their rights to further payments? How can I use refusal to produce sale information concerning the first ring, to negotiate my way out of this? What is interesting is, they sold a £14,000 ring privately, concealed the buyer and other information, then turned around and INCREASED THE INDEBTEDNESS substantially. In fact they want to do this again, but this time are offering to  write off £49,000  in other interest. What am I missing? What effect does violations of FCA 6 and 7. help me to negotiate a settlement. Is the FOS effective threat to the firm to pressure a settlement? Does a cost cap apply to these loans and if yes what is the amount of the cap? How can I use the current appraisal and FCA or any other rules to stop them from selling the ring for less than market value? I have someone looking at the accounting to see if there are errors. found several when query. anything you can find that voids the agreements? Anything else you can think of THANK YOU!!!   RING.pdf art.pdf
    • I am so sorry I see the confusion now, I was meant to say CAB not CAG. They are just sending him letters to copy and send which doesn't seem helpful at all.    I also apologise for the vague details right now. I actually thought he had got rid of the car already until he mentioned it as he dropped me off home, so I've only got a vague idea myself, i just wanted to see if there was anything he could do other than send letters. I will get more details from him and update this thread, or get him to join as you have advised.  sorry 
    • It was a late payment, no default 
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The Car Finance Company turned up at husbands work!!!!

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Just after a little bit of advice please. Please excuse any spellings mistakes etc as I am so mad as I type right not :mad2::-x

 

At the beginning of this year we took a car on finance,

we made several payments and then found that we were struggling to keep up payments but we always caught them up.

 

In June we moved house (notified the finance company) and then from then we completely missed a payment.

 

One payment turned into 2 and we had a visit (at our new house) from a gentleman from "the car finance company",

a payment arrangement was put in place but we missed it.

 

I contacted them by email explaining our situation and asking if there was anything we could do and

they said "no", that it had been sent to repossession.

 

I emailed them back asking what happens next as I really didn't want repo men turning up at home to take the car unannounced etc

and they confirmed that the repo men would get in touch with me first

(I made sure that they had the correct contact number as had changed my mobile number). T

his was mid September and I haven't heard a thing from them.

 

My husband works as a postman and he was called into his managers office.

When arriving in the office he was told that a debt collector was there for him!

Imagine his absolute embarrassment!!!

He spoke to this guy and the guy said that they had made numerous home visits....

...only they had been visiting our old house!!!!

 

Are they allowed to turn up at his work???

I have no objection to them taking the car and

I have been waiting for them to call to arrange to take it!

 

I also know for a fact that they haven't written to our old address because I have redirection on our mail.

 

I am so mad right now!!!

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I have posted a similar thread in the vehicle repossession category but by looking at other posts in there

not many people seem to comment on them. I

 

apologise for duplicate posting but really would like any advice that anyone could offer.

 

We took out car finance earlier this year and fell behind.

 

During this time we had a house move and I supplied "the car finance company" with our new address details,

 

I was visited by an employee at my new address and I made a payment arrangement.

 

We broke the agreement because we simply couldn't afford to pay 2 months as a lump sum plus late fees.

 

I contacted "the car finance company" by email to advise them of my situation

but they said they were unable to help as it'd already been sent for repossession.

 

I asked what the process was and they said that the repo men would make contact

(I was worried about them turning up unannounced and causing a scene etc).

 

this was mid September and I haven't heard a thing.

 

Fast forward to today and

 

my husband was called into the office by a manager and was told a debt collector was here to see him!!!

 

Imagine the complete embarrassment!!!!!

 

The Car Finance Company have given Wrights Recoveries UK our old address and they have been to the house several times and

because we didn't reply to the cards he had left (obviously didn't reply as didn't get them because we don't live there)

he turned up at my husbands place of work!!!

 

Now I have no problem in giving the car back,

I have been expecting them for the past 2 months

but what I do object to is the way that they have gone about it.

 

I made sure that The Car Finance Company had my correct address and telephone number.

 

Wrights Recoveries have also never written because I have redirection on my mail therefore if they had of written I would have received it.

 

What should I do?

Can I complain?

Who do I complain to?

 

Any advice would be gratefully received.

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Hello there.

 

Do you know what type of car finance it is?

 

What is the situation at the moment re: the finance, are you still in arrears?

 

Do you still have the car?

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I would suspect they themselves put the letters through your old addresses door

so redirect wont work.

 

as suggested

 

who is the finance company

 

what type of finance is it? [works across the top of the agreement pleace

 

is there a bill of sale involved?

 

 

dx


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Hi thank you for your replies. The car finance company is "the car finance company".

 

It is a HP agreement (i don't have the original documents to hand as they're all still packed away).

 

Yes i still have the car. He is meant to be collecting tomorrow from our home address.

 

From memory we took out the agreement in April 2013 part exchanging our old car (which was an old banger).

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...and yes we are still in arrears they declined our offer of payment and said only thing we could do was pay full amount plus £250 repo fees as they'd already sent it to them. I understand the car has to go...just very annoyed about the work visit and saying who they were!!! Even though the car finance company had correvt address AND mobile number

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cant charge repo fees nor any late PENALTY fees

 

they are unlawful.

 

dx


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we need to see that agreement please

 

they should not be discussing it with a 3rd party no.

 

and I don't think they can repo from private property either without a court order

and even then, it WONT be a repo company but court bailiffs.

 

sequenci will know

let me go find a thread with the info

hang on.

 

dx


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Fees may be payable if the vehicle is being recovered under a Writ of Delivery by an HCEO or his agent.

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we need to see that agreement please

 

they should not be discussing it with a 3rd party no.

 

and I don't think they can repo from private property either without a court order

and even then, it WONT be a repo company but court bailiffs.

 

sequenci will know

let me go find a thread with the info

hang on.

 

dx

 

I will try and dig it out. I thought they could reposses without a court order because i haven't paid many payments?

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and I don't think they can repo from private property either without a court order

and even then, it WONT be a repo company but court bailiffs.

 

sequenci will know

 

They are not supposed to under s92 of the Consumer Credit Act. Problem is, is that if they were to take the vehicle the potential damages awarded to the OP would be minimal at best.

 

If you would like to keep the vehicle, a Time Order could be incredibly useful:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=06c_time_order_hire_purchase_or_conditional_sale_agreement

 

Have you paid more than 1/3 of the finance (apologies if this has been askwed and answered on the thread already)

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Fees may be payable if the vehicle is being recovered under a Writ of Delivery by an HCEO or his agent.

 

My question was in relation to the visit to work!!! Majorly wound up as if they'd of used the correct information then they could've taken the car without any hassle nor any embarrassment!!!! I specifically asked the car finance company what the protocol was and ensured they had correct numbers because i didn't want ANY embarrassment!

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They are not supposed to under s92 of the Consumer Credit Act. Problem is, is that if they were to take the vehicle the potential damages awarded to the OP would be minimal at best.

 

If you would like to keep the vehicle, a Time Order could be incredibly useful:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=06c_time_order_hire_purchase_or_conditional_sale_agreement

 

Have you paid more than 1/3 of the finance (apologies if this has been askwed and answered on the thread already)

 

i wish i'd of known about this before before :( a bit too late now considering the repo man from Wrights is coming tomorrow!!!

 

I have paid less than 1/3

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I'm assuming you've had a 'default notice'?

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I'm assuming you've had a 'default notice'?

 

Yes i think so, as soon as i missed the payment i believe

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I have today spoken to the repo man from Wrights Recoveries (I called him), he was very polite and courteous (probably because he realises that this will be an easy unobstructed levy) and he said that they visited my old house 3 times and because we failed to contact them they had no choice to visit my husband at work as they just presumed that we were evading.

 

I have arranged for him to collect the car later today but I will be writing a formal letter of complaint to The Car Finance Company, I have all of the emails between myself and them which clearly states my phone number (my "new" address they even visited) and I will also be writing to Wrights Recoveries telling them how unprofessional the company that they are working for are! I mean this should have been a very straightforward levy....if they had the correct details it would've taken 1 phone call and the car would've been collected not 3 visits to my old address and then a further visit to a work place and then a final visit to collect!

 

I know that the letters won't do any good but if anything they will make me feel better.

 

I suppose my next problem will be when The Car Finance Company come to claim the rest of the finance on the agreement.......

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take lots of detailed photos of the car

 

outside

 

inside

engine etc etc

 

they will try and hang damages on you as well I bet.

 

thus the car didn't sell well at auction because etc etc.

 

also ENSURe the repo guy does a full inspection and YOU get a signed copy of his report.

 

dx


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Please be aware that if the car is sold on an auction for way less than you paid, you will still be liable for the balance. We got caught the same way about 17 years ago before Internet etc.

The car was worth over £4000 but was sold on auction for £1200 and we were liable for the difference plus interest and costs. It took us several years to pay off the debt. As you have not paid a 1/3 they probably don't need a court order.

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I "fell behind" - actually refused to pay because the car had 1500 miles put on it from signing for the car and collecting it,

 

 

i had £3000 worth of bills in 2 months, the garage warranty refused to pay out, finance company denied liability SO I REFUSED TO PAY.

 

This took 4 months of non-payments for their collections department to contact me,

after complaining to the manager, they instigated a VOLUNTARY TERMINATION!

 

 

They advised me once the car is auctioned, any monies owing would be sought after by the car finance company either by debt recovery or court.

 

 

I had to deliver the car to their allocated auction site and they refused to give me any paperwork for handing the car over,

the finance company tried taking another months money but i made sure my standing order was cancelled.

 

 

They blamed this was an error due to the xmas holidays and said once its been auctioned they will see how much is still owing.

 

To my amazement, i received an annual statement and printed in black and white was:

 

RETURNED ASSET OUTSTANDING BALANCE £6231

RETURNED ASSET AUCTION SALE £6231

CLOSING BALANCE £0

 

What a coincidence the car sold for the exact same amount that was owed, in other words it sold for more and they pocketed the rest

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Kind of missing the point here....Its actually their car to do with what they please. You do not own it until your last penny has been paid. Those pesky terms and conditions.

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thread is 2yrs old

now closed


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

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Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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style="text-align:center;"> Please note that this topic has not had any new posts for the last 1276 days.

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