Equifinance Secured Loan

[mizzbabyjess]

Thank you, I am getting on to this day, haven’t been well so only been able to start this.  I will let you know when it’s finished.

[mizzbabyjess]

hi

just a quick question,

 

I'm completing the spreadsheet,

I've included

late payment fees,

arrears management fees etc,

 

should I also include

the dates of interest charged by them eg 05/10/2013 interest charged £233.29

& interest on fees?

 

sorry for the question but I want to get it right.

[dx100uk]

if there are sep interest on fees entries yes, but not the normal interest charges.

 

[mizzbabyjess]

Yes it says interest on fees and it also has entires of posting fees, not sure what these fees are.

[dx100uk]

New one on me unless each correla tes to a letter being sent?? Fancy way of also sc@ming postage too out of a debtor

[Peterbard]

It looks like many fees have been posted to the capital. Its called capitalisation.This will probably apply to the arrears also and will be why the statement shows zero arrears.

 

https://www.moneymarketing.co.uk/news/capitalising-arrears-masks-true-figures/

 

It is also one of the reasons there is still so much left to pay.

[mizzbabyjess]

The entry Fees Postings’ vary from £25.00 to £450.00, so strange, I am including them along with the Interest on Fees

[mizzbabyjess]

I have now completed the spreadsheet, and the total is £18,100.

what is the next step?

 

Thank you

[dx100uk]

take id from it and pop it up

click the blue 'choose files in the bottom of where you type here.

 

go into file properties/info on excel? and remove your name for ownership of MSoffice first mind!

 

 

[mizzbabyjess]

Okay will do, I will attach it

[mizzbabyjess]

Hi Ive attached the Stat Sheet

StatIntSheet v101:Equifinance.xls

[dx100uk]

blimey wonder what that lot is all about.

what fleecers..

 

there should be a mortgage charges reclaim letter in the mortgage section of our library

send that with the spreadsheet.

 

dx

 

[mizzbabyjess]

Im in the process of sending the reclaim letter, and was thinking because of all what’s going on with the corona virus, was it the right time.

Then I have just received an email from Equifinance saying that they have not received my response to their letters, when will they hear from us.

I really can’t believe them, with all what’s going on, my husband is currently not able to work because of the situation and the government advising these people to be lenient in these extreme circumstances, and Equifinance are on my back.

[dx100uk]

you should already be aware of this from this thread and your otrher threads

you should never allow nor use nor give email/phone to anyone you owe money too.

pers i'd be sending one email stating that your email address xxxxx/phone number xxxx is not be use for anything t o do with our mutual dealings

writing only from now on.

 

it gives them an easy and free way for people that claim you owe them money to harass you in ways they would not put in writing.

 

as for the current situation worldwide, the gov't are already upon record as stating all creditors esp mortgages etc should show due forbearance toward debtors in the current climate 

[mizzbabyjess]

Thank you for your advice.

so do you think I should go ahead and send the reclaim letter and charges at this moment with the current covid19 or wait?

sorry if it’s a dumb question.

[dx100uk]

haven't got an crystal ball sorry, but it can't hurt you.

 

can't really see why a virus makes any diff really meself.

 

dx

 

[mizzbabyjess]

Hi, Im about to send off the mortgages charges reclaim letter, the spread sheet that I am sending with it says at the top Monthly payment of PPI and PPI redress calculation.  Is that ok seeing as no claims can be made against PPI anymore.

[Peterbard]

Hi

Can I ask for a little background.

When was the possession order made, and did you attend the hearing. Also did you receive a copy of the original agreement.

As Andy said earlier, this is a regulated loan and the agreement does have to comply with the CCA.

 

Also. if they have capitalised any arrears, that means added them to the amount originally credited, and are charging contractual interest , they cannot change their minds and call them arrears again.

 

 

[dx100uk]

simply change the title of sheet.

unlawful penalty charges reclaim

 

pers i'd get it in and worry about the finer points later.

 

put them on notice you are taking control not them anymore.

 

dx

[mizzbabyjess]

Hi, I’m not sure when the Possession order was made,

I managed to borrow some money to pay them,

so the possession order was cancelled.

 

I will check for the original agreement  in the bundle they sent me when I sent a SAR.

 

They are saying that the agreement ended in August and therefore the total amount of arrears outstanding is £16k.

I previously posted all the charges they are saying.

[mizzbabyjess]

Hi, hope everyone is well & safe.

 

After sending my spreadsheet to Equifinance on 23rd March,

I received a reply from them on 25th March acknowledging my letter of complaint and that they aim to respond within 8 weeks from that date.

 

Today out of the blue I have received an email letter of statement of arrears from 13/02/20 - 12/05/20,

 

they also state please see below

 

im confused as I haven’t heard from them since 25th March.

should I just ignore this?

 

3/02/2020 29/02/2020 29/02/2020 30/03/2020 30/03/2020 30/04/2020 30/04/2020
Transaction type
Fee Postings Interest Charged Interest on Fees Interest Charged Interest on Fees Interest Charged Interest on Fees
£15,826.15 Amount
£120.00 £43.50 £135.56 £34.72 £140.86 £36.57 £147.32
£16,484.68
0.00 £16,484.68 £14,608.14 £543.74
Payment due
Statement Closing Balance:
Months in Arrears:
Total Payment Shortfall:
Total Amount of Charges (in relation to shortfall): Charges for the current period (in relation to shortfall):
If your account is two or more months in arrears and you are not adhering to an arrangement to clear arrears you will continue to be charged an arrears management fee each month of £40.00 plus interest.
Please be aware that as a result of the existing or historic arrears on your account, there is a risk that due to additional interest and charges being applied, the loan will not be fully repaid at the end of the term. You will still owe any amount that may be outstanding at the end of the term of your loan.
 

[dx100uk]

pdf please

 

dx

 

[mizzbabyjess]

Ive attached the pdf.

Also I have just checked my credit report, it states that payments are up to date.

it also says on the statement Months in arrears 0.00

 

not sure what's going on.

 

EQUIFINANCE STATEMENT MAY 2020.pdf

[dx100uk]

charging more unlawful fees because the was a balance at end of agreement totally made of already charged unlawful fees.

 

mad

[mizzbabyjess]

so shall I just ignore it and wait until the 8weeks are up next week for my unlawful charges complaint.