firstplus to Elderbridge Loan

[Blanket]

Took loan out in March 2007 for 31k

to this date balance says roughly 6k.

 

Rang them today to get a finalised  balance.

I have been told 18k 

 

as they haven't been charging us any interest.

Worked out we have  already paid 37500 over the past 14 years.

 

Never received any statement of account in all the years we have had this horrendous loan.

 

 We have  found out as of the 16th January 2016 Elderbridge put a charge on the house without our knowledge.

Today we have been informed they are not going to reduce the interest rate. 

 

 

 

[dx100uk]

how can a lender get a charge without a CCJ?

or do you mean the org secured loan charge was in firstpluses name by now changes to elderbridge

 

tell us about the debt history please

 

https://cse.google.com/cse?cx=partner-pub-8889411648654839:3134625398&q=firstplus to Elderbridge&oq=firstplus to Elderbridge&gs_l=partner-generic.12...89452.89452.0.93409.1.1.0.0.0.0.150.150.0j1.1.0.csems%2Cnrl%3D13...0.0...2.34.partner-generic..1.0.0.OEFVvQrCKnA

 

[Blanket]

original charge was in first plus and this was sighed and witnessed on the 22/02/2007

Then today we found out from Halifax our mortgage provider that the only charge on our account is with Elderbridge who made the charge on the 16/01/2016 without our permission or consent .

[ericsbrother]

that would be proper if they had followed the correct procedure.

all they needed to do was both of the parties involved inform you that they were switching the loan from one to the other.

 

Now as they havent done this theoretically there is no agreement of the interest rate so you cant owe them the money they now say you do.

 

Also the lack of annual statements make the charges unenforceable so again something to look into.

 

Getting a refund of the interest from Elderbridge that you paid to Firstplus would be a painful lesson for them

[dx100uk]

so a simple secured loan..

and elderbridge quite correctly got the security changed to their name en-masse, there is no need to inform you.

 

read those threads in that link I sent you

and get an sar off to elders and get all the statements

I would guess 99% of what they are after are unlawful penalty fees like arrears letters calls dd fail and any other fixed sum charge.

 

and get reclaiming

 

 

 

 

 

[Blanket]

Thankyou for all your replys will get some action into motion.