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

dunnie1

Egg loan/card PPI claim - now Canada SQ Ops

Recommended Posts

Hi,

 

First time potential PPI claimant - Hopefully your into the whole brevity thing:

 

Used PPI checker with Canada Square, and confirmed two loans and one credit card with PPI - approx from 2000/2001. I don't have statements, loan agreements or any paperwork. I now know the account numbers however by using this online checker.

 

Drafted SAR addressed to data controller so I can assess whether it is mis-sold and if so, interest payments (reciprocal compound plus stat 8%?)

 

I was completely unaware (from memory) of having PPI, and certainly didn't know to claim when I lost my job soon after. All debts written off and sold to DCA - I understand this doesn't affect PPI claim (should I have one)

 

PPI is also not statute barred I assume.

 

Next steps:

1) raise speculative complaint whilst I await SAR return using online complaint form

2)receive SAR output, assess for mis-selling, independently calc amount, challenge above if applicable

3) Either complete FOS questionnaire or prep for SC court? (bit hazy on best approach here)

 

Welcome any advice - thanks in advance!

 

Share this post


Link to post
Share on other sites

no just send them an sar.

THEN WHEN YOU HAVE THE INFO...

 

cards use the CISHEET with a claim to date when they stopped their int, then that whole figure goes into the statint sheet [to get the 8% you are entitled to until they settle] as a whole sum the day after

 

loans solely use the statint sheet detailing every PPI payment made and its date..till they settle.

 

each claim needs an FOS questionnaire and a brief covering letter.

 

 

 


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

 

Share this post


Link to post
Share on other sites

Thank you DT100uk

Share this post


Link to post
Share on other sites

post things up here 1st and well check them.

 


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

 

Share this post


Link to post
Share on other sites

OK, thanks - I've used the standard SARs template, included the acct numbers, my name, current address and address history (only additions to letter) and plan to send to this address

 

Citigroup Centre 
33 Canada Square 
Canary Wharf 
London 
E14 5LB

Edited by dunnie1

Share this post


Link to post
Share on other sites

have you moved since taking this out and CITI are not aware of the move?

 

dx

 


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

 

Share this post


Link to post
Share on other sites

I had the loans\card back in 2000/2001 (ish), defaulted and have moved 5 or 6 times since yes. I initially supplied 3 prev addresses and Citi couldn't find any record of me, I then re-submitted an additional 2 previous addresses (5 in total) I found within my CRA file, and had success in finding the accounts mentioned above.

 

Thanks,

 

Dunnie1

Share this post


Link to post
Share on other sites

so you are awaiting the data then?

 

 


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

 

Share this post


Link to post
Share on other sites

yes, only sent SAR's today

Share this post


Link to post
Share on other sites

you only need one sar


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

 

Share this post


Link to post
Share on other sites

Yes, I did send one - should have said SAR

 

Share this post


Link to post
Share on other sites

Regarding my proposal to raise a speculative complaint whilst I await SAR return using online complaint form

- I totally appreciate you can't trust these companies to provide accurate information and properly calculate interest etc,

it was more to find out whether they initially thought I had a claim,

and what amount they might offer

- and to then calculate it separately using the info from the SAR

- more out of interest to see how close they would be

- certainly not to replace the SAR/FOS q approach

- you think this would just muddy the waters as I have no information on which to base a PPI claim at the moment then?

 

Thank dx btw, for your prompt replies

Share this post


Link to post
Share on other sites

you don't tip them off!!


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

 

Share this post


Link to post
Share on other sites

fair enough :) I shall follow the CAG way..

Share this post


Link to post
Share on other sites

Hi, should I have received confirmation from Citgroup with respect to my SAR request? I've heard nothing thus far - Should I chase or wait the 40 days? I sent the request to this address.

 

Citigroup Centre 
33 Canada Square 
Canary Wharf 
London 
E14 5LB

Share this post


Link to post
Share on other sites

its 30 days


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

 

Share this post


Link to post
Share on other sites

Its 30 days from the date of the letter tomorrow, so I'll raise an ICO complaint and send it tomorrow, as per SAR guidance. Should I also chase this with Citigroup as well?

Share this post


Link to post
Share on other sites

no harm in ringing them and asking.

 

dx

 


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

 

Share this post


Link to post
Share on other sites

thought so, cheers dx

Share this post


Link to post
Share on other sites

I've raised a complaint both with the ICO, Citigroup direct via customercareunit@citi.com and re-sent a SAR request to another address as advised by Citigroup, explaining their still in breach of the 30 day deadline regardless of the address I used (as the original was listed as the data commissioner address)

 

Citigroup
CS Operations

PO Box 4903 
Worthing

BN99 3AR

Share this post


Link to post
Share on other sites

Thank you for submitting a complaint about the processing of your personal information.
 
The ICO’s role 
 
Part of our role is to consider complaints from individuals who believe there has been an infringement of the Data Protection law. 
 
We use complaints to build up a picture of an organisation’s information rights practices so that we can identify and target poor performing organisations. Details of the action we have taken is available on our website.
 
Your complaint
 
We have considered the issues that you have raised with us and have written to the Chief Executive, via the Data Protection Officer, to explain that we expect their organisation to work with you to resolve any outstanding matters. 
 
One of the ICO’s strategic goals is to increase the public’s trust and confidence in how personal data is used and made available. 
 
In this case, we expect the organisation to fully explain to you how they have complied with their obligations under the law as comprehensively as possible, including correcting any issues that they have identified or clarifying any areas of misunderstanding.  
 
I have attached a copy of the letter that we have issued to the Data Controller and expect they will be in contact with you in due course. 
 
 
Yours sincerely
 
Angela Payne
Case Officer (Mon, Tues, Weds & Thurs am)
Information Commissioner’s Office
0330 414 6515
casework@ico.org.uk

Share this post


Link to post
Share on other sites

Received my SAR back finally, suddenly once I'd complained they were super quick - strange that. Had a look through and have:

 

Credit card 

  1. credit agreements
  2. statements for credit card (each mthly statement has credit card payment protector amount deducted - assuming this is ppi)
  3. date ppi commenced (11/06/2002)
  4. various system & database outputs detailing the account history, up to closure and movement to DCA

Loans (4, but 2 with ppi)

  1. PPI hub report
    1. detailing interest accrued and maturity date (4 records)
    2. Which accounts had ppi, and date the were cancelled (not by me, probably by top up)
    3. loan balance when cancelled
  2. loan agreements for each loan (2 with loan payment protection amounts on)
  3. account info report, with princial amount, interest, PPI balance, PPI rebate, PPI type
  4. Statements

I'll post specifics soon.

 

Share this post


Link to post
Share on other sites

so as post 2 now then.

 

if one loan refinanced another, it will be ONE claim for all the loans in the chain


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

 

Share this post


Link to post
Share on other sites

I'll get on it - its difficult to understand what's going on as the information is linked by internal reference\application number rather than my account number for the loans, but I'll see how I get on - thanks

Share this post


Link to post
Share on other sites

I'm getting charged 1.093 a mth which is 13.11 (multipled by 12)

 

Date of
Charge
Description Amount of
Charge
Number of
Days Elapsed
Compound
Interest
                   
10/07/2002 Credit Card Payment Protection £2.60 6166 £18.25
10/08/2002 Credit Card Payment Protection £9.44 6135 £65.48
10/09/2002 Credit Card Payment Protection £12.09 6104 £82.87
10/10/2002 Credit Card Payment Protection £16.99 6074 £115.11
10/11/2002 Credit Card Payment Protection £18.52 6043 £123.97
10/12/2002 Credit Card Payment Protection £18.63 6013 £123.26
10/01/2003 Credit Card Payment Protection £0.12 5982 £0.78
10/02/2003 Credit Card Payment Protection £1.50 5951 £9.69
10/03/2003 Credit Card Payment Protection £2.34 5923 £14.95
10/04/2003 Credit Card Payment Protection £7.42 5892 £46.83
10/05/2003 Credit Card Payment Protection £10.47 5862 £65.31
10/06/2003 Credit Card Payment Protection £13.30 5831 £81.96
10/07/2003 Credit Card Payment Protection £14.55 5801 £88.61
10/08/2003 Credit Card Payment Protection £15.60 5770 £93.86
10/09/2003 Credit Card Payment Protection £18.45 5739 £109.66
10/10/2003 Credit Card Payment Protection £22.05 5709 £129.51
10/11/2003 Credit Card Payment Protection £22.11 5678 £128.28
10/12/2003 Credit Card Payment Protection £22.28 5648 £127.74
10/01/2004 Credit Card Payment Protection £21.99 5617 £124.53
10/02/2004 Credit Card Payment Protection £22.07 5586 £123.46
10/03/2004 Credit Card Payment Protection £22.02 5557 £121.76
10/04/2004 Credit Card Payment Protection £21.98 5526 £120.05
10/05/2004 Credit Card Payment Protection £22.43 5496 £121.04
10/06/2004 Credit Card Payment Protection £0.29 5465 £1.55
10/07/2004 Credit Card Payment Protection £0.25 5435 £1.32
10/08/2004 Credit Card Payment Protection £0.25 5404 £1.30
10/09/2004 Credit Card Payment Protection £10.50 5373 £53.93
10/10/2004 Credit Card Payment Protection £23.36 5343 £118.54
10/11/2004 Credit Card Payment Protection £23.42 5312 £117.36
10/12/2004 Credit Card Payment Protection £23.81 5282 £117.87
10/01/2005 Credit Card Payment Protection £23.97 5251 £117.18
10/02/2005 Credit Card Payment Protection £24.61 5220 £118.80
10/03/2005 Credit Card Payment Protection £25.15 5192 £120.03

 

Inputted into CIsheet above, and taken compound interest figures and put into statintsheet, as below

 

Date of
Charge
Description Amount of
Charge
Number of
Days Elapsed
Interest at
8% Simple
                   
10/07/2002 Credit Card Payment Protection £18.25 6166 £24.76
10/08/2002 Credit Card Payment Protection £65.48 6135 £88.38
10/09/2002 Credit Card Payment Protection £82.87 6104 £111.28
10/10/2002 Credit Card Payment Protection £115.11 6074 £153.81
10/11/2002 Credit Card Payment Protection £123.97 6043 £164.82
10/12/2002 Credit Card Payment Protection £123.26 6013 £163.06
10/01/2003 Credit Card Payment Protection £0.78 5982 £1.03
10/02/2003 Credit Card Payment Protection £9.69 5951 £12.68
10/03/2003 Credit Card Payment Protection £14.95 5923 £19.48
10/04/2003 Credit Card Payment Protection £46.83 5892 £60.71
10/05/2003 Credit Card Payment Protection £65.31 5862 £84.23
10/06/2003 Credit Card Payment Protection £81.96 5831 £105.14
10/07/2003 Credit Card Payment Protection £88.61 5801 £113.09
10/08/2003 Credit Card Payment Protection £93.86 5770 £119.14
10/09/2003 Credit Card Payment Protection £109.66 5739 £138.45
10/10/2003 Credit Card Payment Protection £129.51 5709 £162.66
10/11/2003 Credit Card Payment Protection £128.28 5678 £160.24
10/12/2003 Credit Card Payment Protection £127.74 5648 £158.72
10/01/2004 Credit Card Payment Protection £124.53 5617 £153.89
10/02/2004 Credit Card Payment Protection £123.46 5586 £151.72
10/03/2004 Credit Card Payment Protection £121.76 5557 £148.86
10/04/2004 Credit Card Payment Protection £120.05 5526 £145.94
10/05/2004 Credit Card Payment Protection £121.04 5496 £146.36
10/06/2004 Credit Card Payment Protection £1.55 5465 £1.86
10/07/2004 Credit Card Payment Protection £1.32 5435 £1.57
10/08/2004 Credit Card Payment Protection £1.30 5404 £1.55
10/09/2004 Credit Card Payment Protection £53.93 5373 £63.75
10/10/2004 Credit Card Payment Protection £118.54 5343 £139.34
10/11/2004 Credit Card Payment Protection £117.36 5312 £137.15
10/12/2004 Credit Card Payment Protection £117.87 5282 £136.97
10/01/2005 Credit Card Payment Protection £117.18 5251 £135.37
10/02/2005 Credit Card Payment Protection £118.80 5220 £136.43
10/03/2005 Credit Card Payment Protection £120.03 5192 £137.10

 

I'm assuming I would be due compound interest and stat for the same duration

i.e. 10/07/2002 charge is £2.60, plus CI is £18.25, plus stat is £24.76 as both use elapsed days of 6166

 

Question on CISheet - what APR do I use?

 

Credit agreement states:

12.6% purchases

13.9% balance transfers

cash advance 16.3%

 

Highest/lowest/most used? (that would be purchases)

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...