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Results: Have you enquired about your Northern Rock CCA loan

Yes, I have been awarded compensation

3.57% • 1 votes

Yes, I have been advised there is no valid complaint

3.57% • 1 votes

Yes, I am awaiting a response from Northern Rock/NRAM

57.14% • 16 votes

No

35.71% • 10 votes

You may not vote on this poll

28 votes in total.

Page 88
    • gengen7
    • By gengen7 23rd Aug 17, 8:42 PM
    • 1 Posts
    • 0 Thanks
    gengen7
    Join the list
    Can I be added to the list please? My husband had a together loan of £30,000 taken out in September 2007. We would be extremely interested in being kept updated with the test cases, thank you!
    • Cardifflady
    • By Cardifflady 12th Sep 17, 4:59 PM
    • 3 Posts
    • 0 Thanks
    Cardifflady
    Hi,
    Can anyone tell me if there is any update on this ruling and whether customers with over £25k unsecured loan will get any compensation as did those who had loans under 25k?
    It seems to have come to a standstill and I am still desperately waiting for something as this has ruined me financially.
    Thank you for any insight :-(!
    • Barny1979
    • By Barny1979 12th Sep 17, 5:39 PM
    • 3,751 Posts
    • 43,217 Thanks
    Barny1979
    http://www.bbc.co.uk/news/business-41229513
    • bigbadwolf500
    • By bigbadwolf500 13th Sep 17, 10:38 AM
    • 43 Posts
    • 9 Thanks
    bigbadwolf500
    Hi,
    Can anyone tell me if there is any update on this ruling and whether customers with over £25k unsecured loan will get any compensation as did those who had loans under 25k?
    It seems to have come to a standstill and I am still desperately waiting for something as this has ruined me financially.
    Thank you for any insight :-(!
    Originally posted by Cardifflady

    Hi, I believe there has been some positive progress with the initial test cases. Contact Howlett Clarke solicitors here - http://www.qualitysolicitors.com/howlettclarke/news/2017/08/nram-update

    Good luck!
    • pt2537
    • By pt2537 13th Sep 17, 8:23 PM
    • 100 Posts
    • 201 Thanks
    pt2537
    Hi, I believe there has been some positive progress with the initial test cases. Contact Howlett Clarke solicitors here - http://www.qualitysolicitors.com/howlettclarke/news/2017/08/nram-update

    Good luck!
    Originally posted by bigbadwolf500
    Yes, there has
    • poggs
    • By poggs 14th Sep 17, 6:34 AM
    • 108 Posts
    • 41 Thanks
    poggs
    Yes, there has
    Originally posted by pt2537
    keep seeing this but all very cryptic.

    anyone willing to share what this progress is?
    • Cardifflady
    • By Cardifflady 14th Sep 17, 1:39 PM
    • 3 Posts
    • 0 Thanks
    Cardifflady
    pt2537 can you elaborate? You seem to confirm there has been an update/progress throughout this thread but don't actually tell anyone anything of what you know. If you know something, please share. There are people in desperate situations here trying to get some sort of positive from this horrendous situation. You are not helping, don't you think this is bad enough without you insufficient/ridiculous replies!
    If anyone has any positive updates or news, can you please share with others. Thanks
    • goaten2000
    • By goaten2000 14th Sep 17, 1:50 PM
    • 47 Posts
    • 18 Thanks
    goaten2000
    pt2537 is the solicitor who has very kindly taken this on. To state that he is not helping, is not helpful! If you've followed the thread, in particular the more recent posts, you'll have read the article in the link that bigbadwolf posted. This is the latest update which is quite informative.

    There's nothing cryptic going on... if this really means that much to you, you'll have done your research and read the thread from start to finish before asking questions that have already been answered
    • Cardifflady
    • By Cardifflady 14th Sep 17, 2:01 PM
    • 3 Posts
    • 0 Thanks
    Cardifflady
    I did read the thread, but there is not significant feedback from pt2537. I don't think saying "Yes, there has" and then a smiley face is a reasonable response if that is the Solicitor who is dealing with it! I am not trying to upset anyone who has made a significant effort in trying to help, I am just trying to get some feedback on the actual test cases on this as no doubt everyone else is!
    • bigbadwolf500
    • By bigbadwolf500 14th Sep 17, 5:38 PM
    • 43 Posts
    • 9 Thanks
    bigbadwolf500
    Each test case is different and details are probably not being released due to confidentiality issues. Get in touch with HC solicitors and get the ball rolling......................
    • poggs
    • By poggs 14th Sep 17, 5:54 PM
    • 108 Posts
    • 41 Thanks
    poggs
    Each test case is different and details are probably not being released due to confidentiality issues. Get in touch with HC solicitors and get the ball rolling......................
    Originally posted by bigbadwolf500
    I have. thanked for my interest and will be in touch sometime.

    The questions we all have are.

    What were the test cases (ie is one like mine?)
    What were the outcomes (so I can dream etc)

    Just a wee smiley every now and again is so frustrating!
    • IainHL
    • By IainHL 14th Sep 17, 9:21 PM
    • 185 Posts
    • 126 Thanks
    IainHL
    As bbw500 has said, it is quite probable any settlements reached have been out of court and therefore come with a confidentiality clause.

    As a solicitor pt2537 will be bound by that and cannot state more than he has.
    • pt2537
    • By pt2537 17th Sep 17, 10:45 PM
    • 100 Posts
    • 201 Thanks
    pt2537
    I appreciate you may feel that this is all very cryptic, sadly however when a case settles with a confidentiality clause in place there is very little that can be told about that case.

    Our updates on our website are however entirely correct and we have had success on this topic. we simply cannot say what.
    • pt2537
    • By pt2537 17th Sep 17, 10:51 PM
    • 100 Posts
    • 201 Thanks
    pt2537
    I have. thanked for my interest and will be in touch sometime.

    The questions we all have are.

    What were the test cases (ie is one like mine?)
    What were the outcomes (so I can dream etc)

    Just a wee smiley every now and again is so frustrating!
    Originally posted by poggs
    I understand your frustration, but i cannot tell you what the results were, that is not something i can do. I can tell you that we have had some progress, we ran 5 test cases which we have achieved results on some of them, the results were sufficient indicators that there was merit in pursuing the remaining cases , again i cannot say what those results were for obvious reasons but lets just say there werent any unhappy people.

    And let me ask a question in all this, what would people be expecting to recover? At the end of the day, the issues seem to be that NRAM didnt give over the refund of interest like they did to the customers whose loans were regulated? If thats what youre looking for then that is certainly achievable in my opinion.
    • e.scrooge
    • By e.scrooge 17th Sep 17, 11:59 PM
    • 19 Posts
    • 12 Thanks
    e.scrooge
    Thank you - that's very helpful.
    • poggs
    • By poggs 18th Sep 17, 7:45 PM
    • 108 Posts
    • 41 Thanks
    poggs
    I understand your frustration, but i cannot tell you what the results were, that is not something i can do. I can tell you that we have had some progress, we ran 5 test cases which we have achieved results on some of them, the results were sufficient indicators that there was merit in pursuing the remaining cases , again i cannot say what those results were for obvious reasons but lets just say there werent any unhappy people.

    And let me ask a question in all this, what would people be expecting to recover? At the end of the day, the issues seem to be that NRAM didnt give over the refund of interest like they did to the customers whose loans were regulated? If thats what youre looking for then that is certainly achievable in my opinion.
    Originally posted by pt2537
    Refund of interest would be fantastic. Way beyond my hopes and dreams :-)

    Really hope you take my case forward soonish.

    THanks for these updates. You have clarified where you can and its much appreciated.
    • bigbadwolf500
    • By bigbadwolf500 19th Sep 17, 4:08 PM
    • 43 Posts
    • 9 Thanks
    bigbadwolf500
    Refund of interest would be fantastic. Way beyond my hopes and dreams :-)

    Really hope you take my case forward soonish.

    THanks for these updates. You have clarified where you can and its much appreciated.
    Originally posted by poggs
    Refund of interest & compound interest on top at potentially 8% a year (what PPI claims paid out) would be a considerable amount of money!!! Calculator here - http://www.egalegal.com/compoundWindow.html
    • tillboy
    • By tillboy 21st Sep 17, 3:24 PM
    • 248 Posts
    • 126 Thanks
    tillboy
    Hypothetically speaking ;-) What would be the situation if the together loan ended up being settled / written off as part of an insolvency?

    I think I know the answer, and yes I know it takes the P, however, nothing ventured...
    • bigbadwolf500
    • By bigbadwolf500 21st Sep 17, 4:41 PM
    • 43 Posts
    • 9 Thanks
    bigbadwolf500
    Hypothetically speaking ;-) What would be the situation if the together loan ended up being settled / written off as part of an insolvency?

    I think I know the answer, and yes I know it takes the P, however, nothing ventured...
    Originally posted by tillboy

    On a £30k loan (over approx 8 years) if interest & compound interest (8%) was to be paid back that would just about clear the entire remaining loan balance
    • IainHL
    • By IainHL 22nd Sep 17, 10:34 PM
    • 185 Posts
    • 126 Thanks
    IainHL
    On a £30k loan (over approx 8 years) if interest & compound interest (8%) was to be paid back that would just about clear the entire remaining loan balance
    Originally posted by bigbadwolf500
    Not that I want to dampen anyone's enthusiasm, but my recollection is that redress of interest was for a period of a little over 2 years while the statements were non-compliant with the new regulations.

    I would have to dig back in the old threads to remind myself.
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