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Question Re: Loans


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yep, if the loan was to pay off an overdraft, and that overdraft was caused by charges:)

OK I GIVE IN

 

Halifax £3600 charges, won with C/I £6400

 

NatWest S.A.R-05/06/06

Bug**r all recieved 03/11/06

Prelim guesimate sent for £3000 03/11/06

Cr*p one CONNED statements 08/06 ROFLMAO

Cr*p one charges=£976

con int 34.9% £1,003.75 £1,979.75.

 

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another good thing about having a loan contract as opposed to overdraft is that when things do get legal (as they might do) then the loan agreement constitutes a different legal contract from the overdraft - so if they were to close your account they certainly can't touch the loan - i.e. you should be pretty safe in going through the process of getting your money back........

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yes good point but can they use the money they repay you to pay off the loan? I am waiting for my offer which should arrive tommorrow. I reckon they will say i have to pay off my loan with it. Not sure if i have to accept that?

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On your POC you state you wish settlement by cheque only, also have read posts where the banks have paid into old debts even to a DCA, if there is a threat of this happening then i would suggest contacting the FOS who will contact them in regards to this, i have read from another thread the FOS got this resolved and the claimant got a cheque so one to remember if it raised its ugly head.

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