Lloyds Loan back in 2001

petermb_2

Google wrote: »

well can it then?

How did you get the loan?
Did you use a Broker?
Do you have a copy of the agreement?
Did you take out PPI?

Only with this information can anyone give you advice.

mungos_mum

Thank you for getting back to me so quickly,

We got the loan through chatting with the BDM, nothing on paper,
No we didn't use a broker,
We do not have a copy of any agreements, neither does it seem that the bank has a copy, in fact we do not recall ever having had or signed any agreement for a loan of any sort.
No we didn't take out PPI.

Thanks again

mungos_mum

Sorry, I'm new to this and have just realised that last thread was in answer to Google and not me, I feel really foolish now!

Mungos mum

~Brock~

mungos_mum wrote: »

Sorry, I'm new to this and have just realised that last thread was in answer to Google and not me, I feel really foolish now!

Mungos mum

No need to feel foolish, simply start your own thread and you will get help. It's not really the done thing to hijack another thread.

HeadInSand_2

Google wrote: »

well can it then?

Considering you are requesting peoples' time and advice I suggest you reel in the demands, you're coming across as rather rude and discourteous.

mungos_mum

Thank you for advice Brock, at least I know now where I've been going wrong. I will try to start with a new thread.
Sorry to have hijacked other peoples threads, rudeness was never my intention.

HeadInSand_2

mungos_mum wrote: »

Thank you for advice Brock, at least I know now where I've been going wrong. I will try to start with a new thread.
Sorry to have hijacked other peoples threads, rudeness was never my intention.

My comment wasn't directed at you MM!

jakeys

Hiya there,

I have only just joined this site so im not sure if i m doing this right but here goes. I took a loan out with tsb the other day and the guy in the bank said that they could nt give me the loan with out taking out the ppi. He was even whispering saying his boss was in the next room. He said that i could phone him in 6 months ( he even gave me his personal mobile number) and he would personally cancel the ppi for me. Anyway i was just glad of the loan to clear all my debts off. I looked on the tsb website tonight and read the t&c s of the loan protection and it says i can cancel the ppi in writing within 30 days of taking out my loan , or if 30 days passes then i could cancel it over the phone. How bad was that advisor telling me that. I ve typed a letter to cancel it and i m gonna send it tomorrow but i m just worried that they will change the loan rate or something, i m sure that would nt be legal but all things are going through my head now. What do you think, , thanks, lesley xx

Google wrote: »

Hi Guys

I am a new member so sorry if its a repost of any sort

I have the Loan Agreement with me pages 3/4 of 5.

There is no siginature of mine on the 2 forms is this Loan agreement legal if thats the right word. Or can it be written off.

the other thing is the PPI as this was said I needed to take this to get the Loan, It says

"Optional Loan Repayment Protection " this box is ticked
"Premium advanced as part of the loan" this box is ticked

On these grounds can I claim mis-selling?

Please Help

marshallka

petermb wrote: »

The lender must have a copy of the agreement between lender and borrower. Many lenders do not keep the agreement or lose it. Sadly if the lender cannot provide a copy of the agreement upon request then the loan becomes unenforceable until such time as the lender has complied.

To do this you need to write to the lender requesting a copy of the agreement under section 77 of the Consumer credit Act 1974. In your letter you should state that they have 12 days to comply to your request and that should they fail to do so the loan will become unenforceable until they do. You must enclose a cheque or postal order for £1.

I thought if there was nothing owing on the agreement (although we do not know if this is now dead or not ) then section 77 cannot be used to request the agreement...

Can you please clarify this one with me. It states in that section 77

3) Subsection (1) does not apply to—
(a) an agreement under which no sum is, or will or may become, payable by the
debtor, or

(b) a request made less than one month after a previous request