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    • Trade-in term and conditions Instore Actual Trade-in value will vary dependant on device. Offer only available instore. If you trade-in your old item ('Device') you will be eligible to receive a trade-in value in the form of a Currys electronic gift card ('Gift Card'). Only one eGift Card can be used to subsidise the transaction. Offer not available in conjunction with any other offer. Subject to availability. You will be deemed to have accepted these terms and conditions ('Conditions') when you provide us with the Device. If you have any questions relating to these Conditions please ask in store before completing the trade in process. You confirm you are either the owner of the Device or you have obtained express permission from the rightful owner to trade it in. The Device must not be stolen or listed with us or a third party as stolen. For some items (e.g. mobile phones) we will check the Device with CheckMEND, from the suppliers of IMMOBILISE as used by UK Police forces to trace stolen and missing property. If the Device fails any due diligence check we may notify the relevant police authority and we may pass the Device and your details to them and the eGift Card value may be cancelled or recovered. If the Device contains any additional accessories (eg. memory cards or additional console controllers), you must remove these prior to trade in. We will not be liable for any consequence of you not removing the accessories, including any payments associated with the Device. If there is data stored on the Device you wish to retain, it must be saved elsewhere and you must remove any memory card and/or all data that has been put onto the Device prior to trade-in. We will not be liable for any damage, loss or erasure of any such data or for any consequence of you not removing your data or memory card, including use or disclosure of such data. Once you have traded in the Device, it becomes our property and it will not be possible to retrieve it under any circumstances. These Conditions are governed by English Law. We reserve the right to amend the terms and conditions or discontinue the card at any time. This does not affect your statutory rights. Only one Gift Card can be used to subsidise the transaction. Offer not available in conjunction with any other offer. Subject to availability. Currys Group Limited, 1 Portal Way, London W3 6RS, registered in England, No.504877. Online Actual trade-in value will vary dependant on device. Offer only available for online. If you trade in your old item ('Device') you will be eligible to receive trade in value in the form of a bank transfer via BACS within 5 working days of us receiving and assessing your device. You will be deemed to have accepted these terms and conditions ('Conditions') when you provide us with the Device. Device must be sent to us within 14 days of receiving your quote. If the Device received does not completely match the description and detail as advised by you, we will contact you to give you the option either to have the Device returned to you at our cost, in which case no value will be paid to you, or proceed with the trade in at a new value advised to you. If you do not respond to this contact as advised therein within 7 working days, we will assume that you have accepted our revised offer and proceed with payment accordingly. You confirm you are either the owner of the Device or you have obtained express permission from the rightful owner to trade it in. The Device must not be stolen or listed with us or a third party as stolen. For some items we will check the Device with CheckMEND, from the suppliers of IMMOBILISE as used by UK Police forces to trace stolen and missing property. If the Device fails any due diligence check, we may notify the relevant police authority and we may pass the Device and your details to them and the payment may be cancelled or recovered. If the Device contains any additional accessories (e.g. memory cards), you must remove these prior to trade in. We will not be liable for any consequence of you not removing the accessories, including any payments associated with the Device. If there is data stored on the Device you wish to retain, it must be saved elsewhere, and you must remove any memory card and/or all data that has been put onto the Device prior to trade in. We will not be liable for any damage, loss or erasure of any such data or for any consequence of you not removing your data or memory card, including use or disclosure of such data. Once you have traded in the Device, it becomes our property and it will not be possible to retrieve it under any circumstances. These Conditions are governed by English Law. We reserve the right to amend the terms and conditions or discontinue the card at any time. This does not affect your statutory rights. Currys Group Limited, 1 Portal Way, London W3 6RS, registered in England, No.504877.
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Swift advances


duchess777
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Thanks Duchess,

 

One slight correction for which I must apologise:

 

The Document you need to ask Swift for is called the 'Actuarial Accrual Account Summary sheet', not the Actuarial Account Summary sheet. Sorry about that.

 

So, you have an Unregulated Loan Agreement which means at the time of execution was not regulated by the Consumer Credit Act 1976 because it was over £25k.

 

1) Were any of the previous loans (the car loan for example) secured on your property as a second charge loan?

 

if so,

2) was it a condition of Swift Advances that before you could take the 25k loan, you had to pay the other loans off so  they  would have a clear second charge on your property behind your main Mortgage Lender who held the 1st Charge?

 

3) You say you never received any money (cash) from this loan after they had paid the mortgage arrears and car loan etc., but was there even 1p ever paid to you from this overall loan? If so, how much?

 

4) Can you recall what this £4000 they say they sent you was for or where it fits into the structure of the loan?

 

You really do need to insist that they provide proof of this payment, cheque number, date issued, Bank drawn on, date it cleared through their account to show it was paid and into which account it was paid into when it cleared.

 

Keep pressing for it. Keep insisting on it.

 

5) Have Swift commenced litigation against you for possession at any time and what is the status of this account with them as we speak?

 

The reason I am asking all this is because the structure of the loan is important as are the charges applied and the interest on same. If you end up in court, the courts will invariably favour Swift and they will employ barristers, at your expense (added to your account), which compounds your problems in what you owe them.

 

What you then have to do is mitigate those costs or they'll skin you rotten. It's never easy against Swift. They are a well-oiled machine.

 

I cannot offer any miracle cure here, but somehow you may be able to mitigate costs and what you end up having to pay them. I have no legal training so do not sit back waiting for Swift to act, get proper legal advice if Swift are gunning for you.

 

I am trying to strip this down to all it's component parts so we know exactly what we are dealing with here, if that's okay with you? No false hope - okay?

 

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got so booted and almost finished my reply . Thanks for the response .

 

1. I am not sure if the other loan was secured on my property , I have to check .

 

2 I know i them I told them about the car loan and that they said this will have to be paid off , at the time it made sense.

 

3 I never received a penny , I received a phone call from the brokers to say that the car loan and mortgage was paid and there was no residual money , I remember this as my daughter wanted to go on a school trip and I could not afford to let her go . 

 

4  I have tried and tried to get swift to tell me about the £4Kcheque they said they know it was cashed as the bank told them so , they have no idea where it was cashed as they do not have the record , year after year I have asked them, always the same response .

 

5 they did on two occasions and never produced my written statement to the courts, on the last occasion the court asked them to tell me about the £4k cheque,  they said I have to report this to the police as fraud . is it me or do the sums not add up for their loan .

 

Also they said they took the ppi off but little difference in the repayment .

I did get legal advice and the person said something is not right .

 

BTW . can I say , I never found them they called me .

 

just remembered,  they called me after I was taken to court for repossession by a company I know linked to them ,

I researched the company .

 

I was attacked by someone  part of the job I do , suffered post traumatic stress , attack was pretty bad .

 

after the case they contacted me , I was not working then.

had pretty bad mental health breakdown at the time .

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  • 2 years later...

Hi,

'recent swift'? how recent are you talking about please?

 

Have you used the forum search function?

 

BT

CAG Site Team and Forum Helpers are unpaid volunteers

Over the years CAG has probably helped hundreds of thousands of people, only a small number of people come back and let us know what happened or to say thank you

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Hi 

thank you for responding there were several people talking about swift issues now I cannot find anything about them wanted to see if there were recent court cases against swift  

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I couldn't find anything I would consider recent either..

 

Why are you looking for them? do you need help? if so, let's hear it! :)

CAG Site Team and Forum Helpers are unpaid volunteers

Over the years CAG has probably helped hundreds of thousands of people, only a small number of people come back and let us know what happened or to say thank you

and an even smaller number of people ever think to make a donation.

If you are able, without leaving yourself short, consider donating, all donations go towards Site hosting and maintenance - help us stay live for future people in need.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

 

Essential Reading: Dealing with Customer Service

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Great, self-helping! :)

 

Best of luck

CAG Site Team and Forum Helpers are unpaid volunteers

Over the years CAG has probably helped hundreds of thousands of people, only a small number of people come back and let us know what happened or to say thank you

and an even smaller number of people ever think to make a donation.

If you are able, without leaving yourself short, consider donating, all donations go towards Site hosting and maintenance - help us stay live for future people in need.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

 

Essential Reading: Dealing with Customer Service

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Wait what??

 

I said it's great that you are self-helping! not many people search the forums for answers but rather open a thread and expect all answers to come to them, you're not doing that, which is called 'self-helping' and I think that's great!

 

Plus smiling faces and me wishing you the best of luck..

  • Thanks 1

CAG Site Team and Forum Helpers are unpaid volunteers

Over the years CAG has probably helped hundreds of thousands of people, only a small number of people come back and let us know what happened or to say thank you

and an even smaller number of people ever think to make a donation.

If you are able, without leaving yourself short, consider donating, all donations go towards Site hosting and maintenance - help us stay live for future people in need.

 

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Essential Reading: Dealing with Customer Service

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Maybe due to Covid, there have not been very many recent Court cases involving Swift ?

 

Found details of a 2019 High Court case.

 

 

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

 

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

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Sorry If I misread, stressful times and just trying to get out of the mess I should have never got into .

 

had very bad depression at the time of taking the loan, never even needed the stupid loan and was not even working when they gave it to me, just angry with myself I guess .

 

Apologies again

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Send Swift a Data Protection Subject Access Request (SAR) asking for everything on file.

 

SAR might reveal important info

 

 

  • I agree 1

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

 

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

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No need to apologise, simple misunderstanding.

 

I hope you find the information you need, if you don't find what you need, then type out your story in this thread and CAG will help you

CAG Site Team and Forum Helpers are unpaid volunteers

Over the years CAG has probably helped hundreds of thousands of people, only a small number of people come back and let us know what happened or to say thank you

and an even smaller number of people ever think to make a donation.

If you are able, without leaving yourself short, consider donating, all donations go towards Site hosting and maintenance - help us stay live for future people in need.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

 

Essential Reading: Dealing with Customer Service

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Thank you Uncle .

 

I did and they sent me some paper work,

when I asked a solicitor to do the same, I saw things they never even sent me, like wages, which I was not earning

the broker who sold me the loan made this up and never told me  ,

there are other discretions too 

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current in arrears ,

 

paid them over +£40k

 

they want another £60k, maybe more for a loan of £32k,

 

they said that they gave me a cheque for nearly £5k  from the loan

 

I told them when they let me have the paper work eventually I never received their cheque ,

showed them bank statements from that year ,

they said I could have cashed it in a money shop ,

 

also they paid the loan I had 

all the money

it was a five year loan taken out less than a year .

refused to take off PPI as well this would bring the loan to under 25.000

 

I have worked out the loan minus the cheque and the PPI is 24,220.61 without the challenge of the full repayment of the loan as it was only taken a year or over .

 

I have written to the company however they are not responding to me about why they charged the full payment  for the loan . 

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Old and new threads merged 

 

I can see if you read from post one now again you've tried 3 times to address or see if you can sort this loan issue.

 

We need to see all the paperwork you have in one mass pdf 

 

But to be honest there have been no successes anywhere for many years. The only way people are seeming to get away from them is to offer a lump sum settlement by going to a mainstream lender 

 

Is this a secured loan that shows on your deeds and have you any other lending with them?

 

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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Posted (edited)

Hello

Yes this is the only loan and the court has asked them to give me proof of the cheque  which they have not ,

 

I am paying for money I never had from them .

 

I was told that even though they were not regulated by the FCS they have another body Swift 1st  that is part of their  company and regulates swift advances .

 

I was reading a case where the judge looked at the benefit the client had from money that they borrowed to  include in their judgment , and the PPI that was not fit for purposes it was sold for

 

 . just trying to see all the legal arguments .and how can they justify over 150000 pounds for such a small loan. 

Edited by dx100uk
Please space your posts!
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Please space your posts with blank lines, and sentences , not a big block of text 

 

So you are in court now?  1st you've said of this!!

 

What have you taken them to court for?

 

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 

sorry about the lack of spaces .

 

I am not in court now , this was sometime ago .

 

They took me to court initially about six months after I got the loan.

 

I did tell them at the time I was not working .

 

They may threaten to take me to court as I am in arrears . 

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sorry if this seems unfair but:

 

you came here in 2019 asking the same question:

 

  

On 02/03/2019 at 11:30, duchess777 said:

Hello

I obtained a loan from swift in 2008 , I asked to borrow £25k to repay another loan ,

did not realise about Swift

 

when I eventually got the papers some years later they included £4k which they said they gave me in a cheque .

I informed them I have never had a cheque from them ,

 

they refuse to tell me where the cheque was cashed according to their records .

I claimed my PPI back from them

 

they said they can continue to charge me for it as I was in arrears and they did not have to take off the PPI as I was in arrears . 

 

I have paid them over £40k and they are seeking a resettlement figure of £67k.

 

can anyone help and advise please .

 

then got help and vanished.

 

you returned in 2020 again asking the same thing:

  

On 06/03/2019 at 07:44, duchess777 said:

Good Morning .

they were trying to get a refund on my mortgage , they did not want a fee.

 

and got help and vanished again.

 

then you've just returned again after 2yrs:

  

7 hours ago, duchess777 said:

Hello where has all the recent swift issues gone to cannot find them . please help

 

trying to get the full picture from you each time you return, to enable us to help your properly, is like pulling teeth. we never get it.

 

We get a bit by bit dribble each time and then findout very relevant new important info that you didnt tell us first-off when we've asked for it all that changes the whole picture.

 

as far as i can gather,

you wanted to pay off a few debts....

 

they gave you an unregulated mortgage/secured loan? (is it still showing on your deeds?)

the breakdown of this was:

 

brokers fee  £427.50

Mortgage £2,203.26

car loan  £21.977.35

loan admin fee £35.00

PPI £4105.15

tele transfer fee  £40.00

indemnity fee  £135.00

Cheque  (never received )  £4144.39

Amount of credit  £28365.00

total £32470.15

 

but you say nothing about the interest each month,so their figure today could quite be correct. the above figure does not inc interest. you don't get a loan for FREE!!

 

as to date you've not scanned up the full agreement to one mass pdf after reading our upload guide carefully.

we need to see that.

 

now going on from here upon what we also appear to know...

 

you appear to have been taken to court by Swift for repossession at some point. date please and you obviously won an got the repo suspended?

 

it appears at some point in time you appointed a mortgage reclaim company or they contacted you (as they do they scan the courts looking for people being repossessed)  - they scammed you and disappeared into thin air and this possibly involved you taking swift to court , questioning the outstanding figure at the time? if so when please

 

 

 

 

 

  • I agree 1

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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