Advantage finance CCJ settlement figure

[Snupys66]

Has anyone had any dealings with a finance company call advantage finance ?

 

Took out a secure loan with its sister co communitas finance in 2007 for 15k

was making regular payment until I fell in difficulties

 

the loan I took out had a ppi of about 5k

I stopped making payments after I lost my job

they then got a CCJ

I came to an arrangement with them .

To make repayment which I have since 2011

 

I am about selling my flat

I call them in May2016 asking for a balance of account

they gave a figure of 13k

I didn't get this in writing and took theirword for it

 

I have statement from ending 2014 amount owed 14k

earlier last year I got letter saying my loan was now with advantage finance their parent company

CCJ was also transfer to them as well as LR .

 

I got my conveyance solicitor to contact them for settlement balance

in their reply the balance now owed 21kplus of £4 daily until settled

 

how can they suddenly increase amount owed.

I knew there was ppi on the account which I believe would be a bargaining chip for settlement .

 

In response to it I have now written them a letter including the statement I have for the account and cited ppi plus interest £7.5k threaten complaining to Fca ,

settlement offer 7k .

 

Does anyone have other way as to deal with this issue as I don't whether my tactic would work .or is there a legal way of dealing with this :

 

?:please help

 

someone tell me it's against ofcoms unfair guidelines

[dx100uk]

Have you a copy of the CCJ judgement?

As that's all they can charge you

[Snupys66]

Have you a copy of the CCJ judgement?

As that's all they can charge you

 

No I don't. but believe I can a copy for the county court .

[dx100uk]

Was this a default judgement?

Or did you defend?

 

What is in the judgement box is all they can charge

Look for post judgemental interest mentioned and check its not mentioned in the agreement

 

I would be sending advantage an sar

As I'll bet they'll be £1000's in penalty charges and all manner of insurances to reclaim

[Snupys66]

Was this a default judgement?

Or did you defend?

 

What is in the judgement box is all they can charge

Look for post judgemental interest mentioned and check its not mentioned in the agreement

 

I would be sending advantage an sar

As I'll bet they'll be £1000's in penalty charges and all manner of insurances to reclaim

 

I defended it on the onset but I believe judgement was in defualt .

just tried to obtain judgement on line but it's not showing on address the CCJ was more than 6years ago I think or could it be on my new address but CCJ was at my previous address .

 

Moving forward you are suggesting a SAR I will rather have loan reduced to to a settlement taking into consideration ppi what do you think ?

[dx100uk]

I'd be getting every piece of info I could before going any further

[Snupys66]

I'd be getting every piece of info I could before going any further

Ok I will draft a SAR and send that also in main time I will await there response to my settlement letter

[Snupys66]

Good news advantage has replied to my settlement offer £10 k goodwill gesture make big difference from £22k willing to accept this but devil in me says lower reason for high initial settlement figure frozen interest now waived

[dx100uk]

then theres more to be had off the debt

 

 

write back thanking them for their letter

 

 

but indicate your financial advisor has advised an SAR which they must now be aware of

once this information is received and digested you will contact them again.

 

 

I cant find any link with communitas finance

 

 

can you expand?

[Snupys66]

Advantage owned communitas don't know if they still exist as advantage has absorb them I think . I they have the same business address in Grimsby search communitas ppi reclaim it come up