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Ge home money lending - charges reclaiming


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Sorry DX, I don't understand:oops:

 

Thank-you The O R, I will go through it all with a fine tooth comb. Thank-you DX but what do you mean by post 23 refers? Sorry, I know I am slow but it is medical, That's how I ended up with this mess.:oops:

 

Desperate, are you sorted now with understanding what you can and cannot claim back ?

 

Unfortunately some posts were removed (irrelevant and duplicated) in order to keep the thread moving and tidy so the numbering sequence became muddled.

 

Just yell if you have any questions :)

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Thank-you for your kind words Fd&o.

 

 

I think they have been charging me £40 each month because I haven't been able to meet the shortfall of the amount they require.

 

 

I feel so embarrassed that I am so stupid,

and that I don't know what's been going on all this time.

 

 

I am even a bimbo with the computer!!:oops:

 

 

I stumbled across this forum by mistake!

 

 

How lucky I was!:-D

 

Sorry that I havent replied to you. You are not stupid, things happen, and its not easy trying to fnd a way out. Many on this forum will tell you that. there is also a wealth of knowledge on this forum that is invaluable. keep your chin up. Things will come good xx

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  • 2 weeks later...

Hi FD&o thank-you for your kind words.

 

 

Hi citizen B, thank-you too.

 

 

Sorry I haven't been on here, lost my internet for a while.

No I am not sure what I can re-claim,

 

 

when I try to click on the link (admin lewis) just brings up the main forum list.

 

 

Very nice of neighbour to donate this computer to me but didn't come with idiot instructions!!

 

 

Just about find my way back to this forum.

 

 

I have downloaded the sheet and entered the missing payments and here it is.

 

 

(hopefully)

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Hi D&F,

 

Clicking on our CAG admin link won't help you as it refers to Admin at CAG !

 

You should be looking to include on your spreadsheet any admin fees that you were charged such as :-

 

Late Payment

Missed Payment

Bounced or Returned Payment

Visit Charges

 

Can you identify these from the data that you have.

 

:-)

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those missing payments need to be put into a formal complaint to your bank?

if you never got the moneyback or off your mortgage?

 

 

where did they go?

 

 

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... 

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Hi everyone!

 

 

I am so sincerely sorry for this late reply, but

 

 

everytime I leave here I have MAJOR problems coming back!

 

 

It's definately my fault I know,

 

 

but it takes me ages to log in and keep changing and re-setting my password!

 

 

Sorry:oops: Thank-you slick 132, that is very helpful.

 

 

I will list it all but not sure what I am entitled to as I haven't always met their full payment requirement,

and I have noticed that on many occasions, they have only notified me of the increase on my mortgage for 2 accounts, NOT 3,

hence when I have paid them, I still haven't met their monthly quota.

 

 

Do I list for the past 12 years as DX100 says?

 

 

That would mean going back to 2002,

they have only supplied me with documents from 2004.

 

 

DX 100, thank-you so much for your patience.

 

 

I have a paying-in book, not a bank account.

 

 

I think they may have possibly changed their account details and therefore not applied these payments to my account

however, everytime I made a payment at the bank I always asked for them to confirm the account was GE

and that my reference number was put on that payment.

The tillers always confirmed these points with me. I have stamped ( by the bank) receipts to confirm these payments with payment dates on.

Edited by Desperate and frightened
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Think I may be actually mastering this!:-D It only took 3 attempts to log in, and 2 to get here!! Lost internet connection earlier but will work on what you've given me, thank-you so much, and will be back in a couple days, hopefully with a final spreadsheet! Sincerely, thanks to everyone. I would be lost without you all.:oops:

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Hi D&F,

 

Even if you failed to make a payment when required, any penalty or admin fee charged as a consequence should be reclaimed as an unlawful penalty charge.

 

List on a spreadsheet all the penalty charges you have data for.

 

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Thank-you Slick.

 

 

I have received a load of gumph from them today showing what they require for early settlement by end Dec.

 

 

Shall I just ignore it and let the term continue till end of Feb?

 

 

I am going through the figures and I have noticed there is Interest and ADDITIONAL interest in places.

Do I list the additional interest too???

 

Also on the spreadsheet,

it asks for the interest rate but I don't know what the interest rates should be?????

 

-I have noticed there is 'solicitor interim legal fees', does this go on the spreadsheet too?

 

- There is over £2000 under 'Transfer MIS- Misc adjustment.

Does anyone know what this is this??

Also 'transfer to s/a E JCD compou??

- There are also default notice charges. Are these re-claimable??

Edited by Desperate and frightened
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Hi D&F,

 

There are, I hope, folk around that are more knowledgeable about GE cases. However, ..............

 

Default notice charges should be reclaimed on your spreadsheet.

 

If you're using a compound interest spready, use the interest rate used by GE on the a/c.

 

I don't know about the "Transfer MIS- Misc adjustment" entries.

 

Hopefully, others will comment ...........

 

:-)

We could do with some help from you

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post 17

lists the stuff

 

 

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... 

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  • 4 weeks later...

Sorry I haven't been back, got the flu despite having the jab!

 

 

I have been through the statements and

have a list of their interest rates at various times.

 

 

Do I list everything on seperate spread sheets depending on what the interest rate was for that time

or do I list everthing on one spreadsheet at their highest interest rate??

 

DX, I have looked at post 17,

there is no link I don't understand what you mean that it's listed in post 17???

Sorry not very savvy with computer use or jargon.

 

I have some letters confirming that they are applying a charge to my account for solicitors fees,

but I can't remember the times that I have been to court or those that they started litigation then stopped.

 

 

Can I check this somewhere.???

ps. Happy New Year everyone

Edited by Desperate and frightened
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you could use an avg int rate.

 

 

those fees listed in post 17 are what you can reclaim.

 

 

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... 

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Hi, I have done the spreadsheets from May 2004 because they have only issued me with data since then.

 

 

Do I request a list of charges from them for Jan 2003 to may 2004?

 

I also haven't included any charges they may have applied since supplying the SAR.

 

Finally, there is one spreadsheet just with solicitors charges

which I haven't put on the main spreadsheets because I don't know if any of these are reclaimable.

 

Can someone please advise me, and tell me what I should do next??

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why have you done 11 spreadsheets?

 

 

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... 

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Share on other sites

the apr needs to be the avg of all the yearly interest rates not the monthly one.

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... 

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convert your avg monthly int rate to yearly apr

 

 

http://www.stoozing.com/calculator/apr-rate-converter.php

 

 

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... 

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you cannot reclaim sols fees IF they have taken you to court around that time

 

 

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... 

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12!! I didn't know how to calculate the interest rate:oops: Sorry:oops:

How do I convert the monthly interest rate into yearly apr??

Sorry I have now seen the link but how do I do this??

Here are a list of Interest charges that they have supplied, 26/3/1990=0.5000%,

19/7/04=0.5492%, 16/8/04=0.5700%, 17/8/06=0.5908%, 16/11/06=0.6117%,

13/1/07=0.6325%, 12/5/07=0.6533%, 6/7/07=0.6742%, 20/9/07=0.7450%,

1/12/07=0.7033%, 1/3/09=0.6617%, and nothing after that date. Please can you give me step by step instructions:oops:

Edited by Desperate and frightened
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Hi D&F,

 

I would use just one spready for all the charges over the years. Do not enter the solicitor charges on it for now.

 

The spreadsheets all show a very low interest rate - perhaps the monthly rate. You need to enter the APR on the spreadsheet to get the right figures. use an average figure as previously suggested by DX.

 

:-)

We could do with some help from you

                                                                PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

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add all those interest rates together

 

 

then divide that figure by the number of interest rates you added together

 

 

that will tell your the AVG monthly in rate

 

 

then goto that site

and convert it to APR.

 

 

put that in the int rate into cell d 15 of ONE BLANK [new] COPY of the CISHEET

 

 

then enter EVERY CHARGE on the shett no matter when from

ignore sols fees

 

 

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... 

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Thank-you Dx.

 

 

Does this look right to you?

 

 

1) 6.8971

 

 

2) divided by 11 = 0.627009

 

 

3) converted to APR =7.79% compounded, 7.53% not compounded.

 

What interest rate do I apply to the spreadsheet compounded or not compounded and what is cell d.15???

Edited by Desperate and frightened
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