write of my loan

john12345_2

"Millions of borrowers may be entitled to claim back a chunk of their loans because lenders have made mistakes with their contracts.

Some may even be able to wipe out all their debts because of the errors, which could leave banks facing a multi-million-pound bill. " this is a quote from the metro front page article..

This is the first thing i have read up on the subject and i was wondering if anyone else could enlighten me please...

I found on this webpage a bbc panorama video a clip about how people have been able to write off loans.

( http://www.claims.350.com/Unenforcable_loans.htm )

seems pretty intriguing also on the metro article it mentions that you are more likely to write it off if you have ppi!! which i doo woo woo""Solicitor Rodney Gardner, who trains other lawyers in such cases, said: 'Most loans will not be suff­iciently defective in law to guarantee claim back success but chances are inc­reased if a PPI premium was added at the time the loan was arranged. ""

http://www.metro.co.uk/news/article.html?Millions_may_sue_over_unfair_loans&in_article_id=434973


anyone else know how anything about this??

Emmzi

we know loads about it, and don't need dodgy web links to do this ta!

anyone needing advice should just post in the loans forum about their individual cases.. or Debt free wannabe where there are many experts offering FREE advice with no expensive solicitors or companies required.

john12345_2

dodgy links?? im simply asking if someone can enlighten me before i go ahead and do this myself... if you know loads about it can u please tell me some more info or lead me in the right direction. thankyouuu

~Brock~

johnny bravo1 / jimbo123 / john12345

Bet the IP numbers are the same :rotfl:

john12345_2

im confused?

standupguy

What a load of wallies!
They think they are being smart with this spam and drumming up custom from gullible or vulnerable people.

If they only realised all they achieve is drawing negative comment which then attaches to their business on google searches!

Keep the thread going john12345 - the more you protest the higher up on google you go and the more people become aware of this ruse to take money out of their pockets.

:rotfl: :rotfl:

iolanthe07

Anyway, why should you get out of paying what you owe because of some trivial technicality? That just makes it more expensive for those of us who do face up to our obligations.

~Brock~

john12345 wrote: »

im confused?

At least you got that one right. :rotfl:

badgerbread

I have also read the article in the metro and from what I have read about it people are not trying to get out of their loans but there have been some loan companies that have miscalculated the apr and fees were made which the consumer was not aware of. if this is correct then I feel that we should at least confront these companies to ask for the overpayment back.

iolanthe07

badgerbread wrote: »

I have also read the article in the metro and from what I have read about it people are not trying to get out of their loans but there have been some loan companies that have miscalculated the apr and fees were made which the consumer was not aware of. if this is correct then I feel that we should at least confront these companies to ask for the overpayment back.

Fair enough. But people are always posting on here trying to find ways to dodge out of what they rightly and properly owe.:mad:

petermb_2

If the lenders have got it right then the borrower will have to pay because they rightly owe the money.

If the lenders get it wrong, and they oh so often do, then they have to live with the consequences of their folly or greed.

That is right isnt it? You cannot blame people for wanting to find out. My only concern about the whole issue is that there are laws that allow claims companies to levy their fees in addition to the claim. They obviously dont know enough about the business they are in to do that or like the lenders, are just plain greedy.

My philosophy has always been that the borrower has been ripped off enough by the lender, he does not really need to be rolled over by the company that seeks to help him.

Spams like the original OP just prove my point. Read the site he links to. They take 25% of your claim amount and all of the interest on the compensation. That is what is states on the site. By the time you have finshed you could be handing them as much as 50% of the overall claim amount.

My other major issue with this is, lets say the loan is voidable and the balance of the loan is written off or reduced. eg a claim of £10,000. That amount reduces the balance of the loan but the client actually receives no money from the lender. Where does the client find £2500 to pay the claims company their 25%?