Negligent financial advice

[Sunnyjet]

Hi Guys,

 

I am newbie here on this forum.

 

I have been approached by the solicitor for Negligent Finance advise on the loan I have taken out back in 2006.

 

Told me that this is NO WIN NO FEE and I don't have to pay anything upfront but If I win the case I have to pay 25% fee.

 

Did anyone has used this service and especially on Negligent Finance Advise and how successful or unsuccessful they were.

I am really sceptical I may limp into one problem into other one.

Your advises will be much appreciated and thanks in advance.

[honeybee13]

Hi.

 

Who are the firm please?

 

HB

[dx100uk]

Waste of time ambulance chasers

Who's the loan with and why is it faulty?

[renegadeimp]

They dont do anything you cant do yourself. For free.

[Sunnyjet]

The Pure Legal Limited

 

The loan is with Swift Advances

Edited February 3, 2019 by dx100uk
merge/tidy

[dx100uk]

think you need to type in swift

in our search CAG box of the top red toolbar and get reading up.

 

they are a very hard nut to crack

 

pers id never use ambulance chasers.

 

you cant hurt things by doing things yourself like sending swift an sar and get all the info they hold on you

then, you can decide with our help if things can be questioned.

 

wha do you think is wrong with the loan then?

did you send them any paperwork or tell them anything?

[Sunnyjet]

Hi,

 

I have been told by the Pure Legal Limited that interest negotiated at the time and broker's fee may be given unfair disadvantage on my side, and it is true that at the time in 2006 when I took the loan out I was locked into paying monthly fee. I took secured loan of £22,000 and to this date the balance is still £20,000.

 

Secondly, the reason I took loan out because I had IVA back in 2004 for debt I incurred of £28,000, It was agreed with the Payplan that I should pay about £250 per month for five year to clear my debt.

 

Meanwhile, I received the letters from loan company saying that even if I pay my IVA the creditors will claim money from your property when you sell.

So offer them a fixed amount agreed by all creditors so they want chase you.

 

I was naïve and took their advise and paid them agreed amount.

But now I have been told by this legal company that advise given to you is not appropriate and broker and money lenders lock you into paying them forever.

I hope I made it clear but if you need any more info please let me know.

Edited February 4, 2019 by dx100uk
spacing

[dx100uk]

its a secured loan it couldnt be included in your IVA.

it quite correct being secured that if you sell then the balance is owed.

 

as for the brokers fee, well that pretty standard.

 

there are 1000's here that still owe large sums 20yrs down the line because of the way swift calculate interest.

 

same as asenden , NRAM, blemain..don't think anyone has ever gotten anything back.

 

best to tell them to do one and do it yourself … get an sar running to swift.

 

dx