Jump to content

 

BankFodder BankFodder


  • Tweets

  • Posts

    • 1. BREAKDOWN OF LOAN Amount of Loan : £20,000.00 Loan Terms : 10 Years Monthly Repayments : £230.00 A.P.R (interest %) : 6.35% (FIXED) Note: - We want to confirm you that your loan amount is completely approved by our company for the amount of £20,000.00.So,for you to get this loan sorted you have to go through a credibility check and you are requested to pay your first month installment in advance which is for the month of March. Your second monthly installment will be due in month of April by direct debit. Once you can make the payment of £230.00, you will receive the loan amount of £20,000.00 in your bank account within 45 minutes. 2. RESPONSIBILITY Although this agreement may be signed below by more than one person, Borrower understands that we are each as individual responsible for paying back the full amount. 3. REPAYMENT The Borrower will pay every month through direct debit. There would direct debit mandate which we will ask the customer to sign. Borrower will repay the amount of this loan in equal uninterrupted monthly installments. 4. PREPAYMENT Borrower has the right to prepay the whole outstanding amount at any time. If borrower does, or if this loan is refinanced – that is, replaced by a new note – Lender will refund the unearned finance charge. 5. LATE CHARGE Any installment not paid within 7 days of its due date shall be subject to a late charge of 0.9% of the  6. DEFAULT If for any reason Borrower fails to make any payment on time, Borrower shall be in default. The Lender can then demand immediate payment on the entire remaining unpaid balance of this loan, without giving anyone further notices. If borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge in interest on the unpaid balance at 4.5% per year. 7. RIGHT OF OFFSET If this loan becomes past due, the Lender will have the right to pay this loan from any deposit or security Borrower have with this lender without notice to me. If the Lender gives me an extension of time to pay this loan, Borrower still must repay the entire loan. *Note: The Annual per Rate (A.P.R) mention above will remain unchanged entire the loans terms. “Terms and Conditions” CENTRAL LOAN aim to ensure all information as maintain is: ◦current ◦fit for the purpose intended ◦complete ◦accurate CENTRAL LOAN provide two services to the customer: •We can transfer the loan amount in customer’s account •We can fix an appointment with the customer to deliver the loan amount at customer’s place in few cases (Fee may include). These terms are subject to the laws of England which shall exclusively govern the interpretation, application and effect of all the above permissions, exclusions, licenses and conditions of use and shall be construed in accordance with the laws of England and the parties submit to the exclusive jurisdiction of the English courts. DATA PROTECTION: We may as a result of your interaction with the Site hold and process personal information obtained about you when you access the Site and use it for servicing our relationship with you, for the purposes of fraud prevention and debt collection, to understand your financial needs, to conduct our business and to provide you with better customer services and products from both Best Loans and those of selected third parties, to evaluate the effectiveness of our marketing of the Site and for statistical analysis. We may pass this information to other members of the CENTRAL LOAN group or agents, as permitted by law so that they may do the same and they may pass information held by them about you to us so that we may do the same. We will not disclose any such information outside of the Best Tenant Loans group except for fraud prevention purposes and/or if required/obliged by law or Governmental or judicial bodies or agencies or to our regulators under proper authority, or under a strict code of secrecy to sub-contractors or persons acting as our agents or where we have your consent or have previously informed you. GOVERNING LAW: The Terms are governed by and interpreted in accordance with the laws of England and Wales and the courts of the above jurisdiction will have non-exclusive jurisdiction in respect of any dispute, which may arise.     LOAN INFORMATION: All loans are agreements regulated by the Consumer Credit Act 1974, which lays down certain requirements for your protection, which should be complied with when agreements are made. If they were not, the creditor (LOANS) cannot enforce the agreement against you without obtaining a court order. Written quotations are available on request. All lending is subject to appraisal of the applicant's financial status. To apply, you must be at least 18 and a UK resident (excluding the Channel Islands and the Isle of Man). APR details are correct at time of publication. Certain purposes of loan may be excluded or have limited repayment periods. The rate you are offered will depend on credit assessment procedures, your personal circumstances and other related factors. Terms of agreements will be clearly disclosed to you before you sign the agreement. You will agree to pay the Total Amount Payable on the agreement by the installments and at the times stated. If two or more of you sign the agreement as the Borrower, you are liable jointly and severally, that is together as well as separately. If the loan is secured by a Legal Charge over your property, normally your main residential address, you must sign and have witnessed the Legal Charge as a separate document accompanying the agreement. Products and offers are subject to conditions and can be withdrawn without notice. EARLIER PAYMENT OF YOUR LOAN: You have the right to repay your loan at any time during the repayment period by giving notice in writing. To do this, you will need to pay off the amount you owe under your agreement which may be reduced by a rebate (reduction) of part of the interest. RETURN, REFUND AND CANCELLATION POLICY: You have the right to cancel in writing up to 14 working days after the loan has been issued. Should you have already received the loan funds, you will be charged interest on a pro rata basis from the date of issue until funds are cleared in our bank account. You have the right to a refund or return of loan repayments accidentally or unintentionally made to us or collected by us. Refunds will be made as soon as practicable but normally within five working days of us being informed. You have to right to cancel your loan application if the loan amount is not credited or deliver in your bank account or home address then CENTRAL LOAN will refund the amount you paid within 24 working hours* (*Condition Apply) DELIVERY POLICY: Our loan agreement will only come into force when both you and we or our authorized representative have signed it or agree over the phone. When the loan is made we will open an account in your name(s) and debit it with the Total Amount Payable       The loan (Amount of Credit) will be delivered to you by transfer into your bank account, cash or by another mutually agreed method. Once your loan application has been approved “in principle” and subject to our usual underwriting criteria, your loan will be issued within two working hours of receipt of all the required fees. ANNUAL PERCENTAGE RATE: APR is a standard calculation used across the whole UK finance industry. It is a percentage calculation which lets you compare different forms of credit (i.e. loans, mortgages or credit cards) to help you decide on the best value. The APR takes into account interest as well as fees and charges. TYPICAL APR: A "typical" APR is the APR offered to two-thirds (7.8%) of borrowers. The actual APR you are charged is subject to status so you might not qualify for the typical APR The lender will assess your circumstances, such as your income, how much you can afford to repay, the relative security of your job, whether you're on the electoral roll and your credit history. CENTRAL LOAN typical APRs are as follows: Secured loans – typical 2.82% - 5.62% APR FIXED Unsecured loans – typical 5.60% - 17.60% APR FIXED Undertaking: I hereby certify that all the information given above is true to the best of my knowledge. If any of the above information is found to be incorrect at a later stage, I shall be liable to be disqualified/ refund for the personal loan. Regards BORROWERS SIGNATURE CENTRAL LOAN 1) _______________ 25-27 Surrey Street, Norwich, Norfolk NR13NX, United Kingdom Email: support@centralloan.co.uk Web: www.centralloan.co.uk 2) _________________ Contact Number: - +44-161-5051746       full  load agreement        
    • Ignore...    Wait until you get a Letter of Claim and come back here.
    • I wouldn't just ask them. I would send them an email confirming that the dealer has now agreed to receive the car back and that in view of the fact that they sold the car illegally and also in unsatisfactory condition, they have avoided the contract from the very beginning and therefore all agreements to purchase the car and any related agreements to finance it are now considered void from the outset. Tell them that this is your position and you want it confirmed. If your finance company will not confirm it then you are going to begin an immediate complaint to the financial ombudsman service because they will not be observing their duties under the consumer credit act. I think you need to be very insistent about all of this.
    • Were even if your mother died intestate, there must be some probate and somebody must be administrator. Try and send an SAR And incidentally, the principle is statute barred is a statutory limitation but it is subject to court's discretion
    • I will be contacting both the finance company and the trade centre tomorrow morning myself to make sure I receive written evidence off both parties stating the contract will be getting rolled back.   
  • Our picks

style="text-align:center;"> Please note that this topic has not had any new posts for the last 328 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

I have six outstanding debts that defaulted over six years ago.

 

Five have been passed on to DCAs, one remains with the original company.

 

I pay a nominal amount each month.

 

From reading various threads on the site it seems that once passed to a DCA payment should still be made to the OC.

 

I am confused because in the case of an outstanding amount to the AA they have only recently sent a letter advising they have assigned the debt to Intrum.

 

In the case of four of the other debts I am confused as to who I should be paying, especially when you receive a letter from a DCA saying they have bought the debt. If they haven't then how do they get the debt and if I pay them why does the OC not contact me when the monthly payment is missed?

Share this post


Link to post
Share on other sites

If the debt have been assigned to the DCA then payment should be to the new legal owner...assuming they are legally allowed to collect on the debt and there is no dispute with the original creditor for withholding payment.


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 The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

CCA request to each one time me thinks?

 

dx


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

If they are CCA regulated debts


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 The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

looks like most of them are by previous threads on each one.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

Can you provide more details on each debt please


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites
Can you provide more details on each debt please

 

One is a loan, four are cc and one is an overdraft.

 

All defaulted from 2011 to end of January this year.

 

The loan has been with Blair Oliver & Scott, Drysden Fairfax, Westcot and now Ingrum.

 

CCs - HSBC

Lloyds - passed to PRA

Sainsburys - now with Cabott

Tesco - just passed to DCA

M&S - still with M&S.

 

I pay a nominal sum each month for the above.

 

My Lloyds overdraft has been with Cabott for some months. Lloyds defaulted me and so did Cabott so I have these two remaining. I emailed Cabott to get them to remove it, they said they would. Wrote to Lloyds to get them to remove the default. They wrote back apologising for it not being removed sooner.

 

I have not requested a CCA for any of them. I am going to though.

 

Thanks!

Share this post


Link to post
Share on other sites

Overdrafts don't fall under the normal CCA request, but I guarantee that it's littered with reclaimable fees and charges?

 

When did you take the loan out?

 

Was this a Halifax loan?

 

Was there any PPI on it?


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

Share this post


Link to post
Share on other sites

CCA the ones with a DCA. Cabot dont chase legit debts. Neither do PRA


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites
CCA the ones with a DCA. Cabot dont chase legit debts. Neither do PRA

 

If that is the case how come Cabot contacted me saying they bought the debt from Lloyds and Sains?

 

They have also on a number of occasions offered me a "settlement" figure on both amounts which I have declined on both occasions!

 

PRA - so are they chasing for this debt when in fact they probably don't own it? I have only had one conversation with them as they told me they can't contact me as I had specified no contact by phone or letter in a letter I sent them over two years go. This is all very strange.

 

I had a letter from the AA last week telling me they have assigned my debt to Intrum .

 

I will certainly CCA the DCA ones for sure.

 

Thank you!

Edited by Andyorch
name

Share this post


Link to post
Share on other sites

Just because they bought a debt, doesnt mean its enforceable. CCA them. The offer of a settlement/discount also shows that its unenforceable. They just want to get SOMETHING from you befor eyou find out how its unenforceable.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

What do you mean by "unenforceable"? Hold fire I just checked and it is what I thought it was!

 

In that case would the OC sell the debt to for example Cabot for x amount and then Cabot basically try their luck to get me to pay any amount?

 

My AA loan is not with Intrum - I am getting confused as I posted about another debt that they had bought.

 

I will check the AA loan and update :)

Share this post


Link to post
Share on other sites

its ONLY what DCA's do AS.

 

sc@m people on debts they don't even owe 99% of the time

do wake up you've been here since 2011 and only just realised that.!!


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

True I have been here on and off since 2011 :wink:

however in my defence I have found it a bit of a grey area with regard to DCA especially when you have had a letter from the OC advising of them passing the debt on.

 

Do you pay the DCA or not?

As I said above I have been paying some a minimal amount but will stop now and CCA them.

Share this post


Link to post
Share on other sites

just type no need to hit reply with quote

makes a thread twice as long.

several unnecessary of previous posters responses removed

 

there is passing on, whereby the dca states their client is still the OC

those you ignore the dca and onlt ever deal direct with the OC.

 

then there is selling the debt on whereby you get a notice of assignment that tells you its been sold and now owned by xyz DCA.

typically you get a letter from the dca introducing themselves in the same envelope

 

brig explained all this years ago in your other threads here.

 

anyway, with and enforceable and signed consumer credit agreement they aint going nowhere.

which is why a CCA request is so important once a debt ha been sold on.

 

ideally you should have stopped paying years ago.

force their hand, then you findout the truth


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

Ok - noted what you say about hitting reply with quote......

 

I have posted 115 times - you over 124,000. Replies on here may be straightforward and obvious to some but others may find them not so easy to get their heads round.

 

If Brig explained this years ago - I didn't understand it all then as otherwise I would not have fretted as I have done over some of my still outstanding debts. I was more concerned with the defaults, finding employment again after redundancy started this mess, so by paying only a minimal monthly amount I at least stopped the harassment I experienced initially from both the OC and DCAs.

Share this post


Link to post
Share on other sites

defaults shouldnt harm employment changes at all AS. not sure where you've got that from...

 

its better they are defaulted, as I think most of yours are ?

then the debts vanish from your credit file after 6yrs regardless to what you do with them ….paying or not, paid off or not

never to return.

 

you've highlighted the only thing a dca can do..harassment. that's about it really

they've no more legal powers than you or I.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

No that's not what I meant at all. I was made redundant and the debts are a knock on effect from that - it took me a while to find further employment. Nothing to do with defaults I know!

 

Yes all mine have vanished with the exception of a Lloyds one that should have done some time ago. I wrote to them asking them to remove it and they replied apologising and saying they will get it removed. Cabot also filed a default which ended on 28.01.19 and which will go on the next update of my credit report. They should not have logged this default at all.

 

Thanks!

Share this post


Link to post
Share on other sites

so over all not looking too bad then.

 

lets see what they all come up with then.

Edited by Andyorch
Edited

please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

The AA loan I have that I have been defaulted on and which is no longer showing on my credit report as six years have elapsed has been passed to Cabot.

 

I have received SAR documentation which I requested from Lloyds and surprisingly the paperwork from the loan was included - have since noted HBOS are part of Lloyds.     On looking through the paperwork I came across the words "bad debt W/O".   I have written to Lloyds again to gain clarity on this as there was nothing relating to them passing this over to Cabot.      If the debt has been written off how have Cabot got their hands on it?     I still find it confusing how DCAs seemingly cherry pick debtors.   Is their a database they have access to or something?

Share this post


Link to post
Share on other sites

w/o means the original creditors has written it off as bad debt on their books.

 

reclaimed against tax and got payouts from their business insurance scheme they might have

then they sell it on to a debt buyer for 15p=£1

then they come after you for the full value

it cant come back on your file.

 

see what cabot do.

get reading up  


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

So they do that and still sell on to debt buyer?   What low lifes eh?    Then the DCA will chase and harass for the original outstanding amount.    You couldn't make it up really could you.

 

Nothing from Cabot so far.     Thanks for the response.

 

 

Share this post


Link to post
Share on other sites

That's exactly how every single dca works.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Included in a SAR I requested from Sainsburys CC are lots of statements with the outstanding balance remaining exactly the same each month.      I have never been sent any of these statements.     Would that be because Cabot have been involved in chasing for money?

Share this post


Link to post
Share on other sites

No required to send any once the a/c was terminated by the oc


please don't hit Quote...just type we know what we said earlier..

 

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...