Barclays Staff loan

dowsing123

so why do u keep replying then, surely a waste of your time

Credit-Crunched

dowsing123 wrote: »

so why do u keep replying then, surely a waste of your time

Just killing time in work, between meetings.

ILW

dowsing123 wrote: »

Sorry guys didnt realise this would cause such a stir!!!

Barclays Manager can you please advise where in the credit act states about staff loans

I think that may be the point. Staff loans are not part of the consumer credit act.

Credit-Crunched

ILW wrote: »

I think that may be the point. Staff loans are not part of the consumer credit act.

If you got a preferential rate then that is treat as a benefit in kind.

I am not sure if it would not fall under the CCA, never dealt with that myself.

Anyon else know for sure?

dowsing123

So how is the person who took the loan out protected???? Its surely got to be in there somewhere, staff or not

dowsing123

But as now im not staff i am now paying a stupid amount of interest

Credit-Crunched

dowsing123 wrote: »

But as now im not staff i am now paying a stupid amount of interest

Did it state that if you left the company the rate would go up?

Also i agree that this is a financial transaction so MUST fall under some level of consumer protection.

dowsing123

Thanks for your help on this credit-crunched... I am going to have this looked into by loan-free.co.uk, do you this this is wise???? As this is difficult situation and i dont know where i stand with the cca etc etc!!

Credit-Crunched

dowsing123 wrote: »

Thanks for your help on this credit-crunched... I am going to have this looked into by loan-free.co.uk, do you this this is wise???? As this is difficult situation and i dont know where i stand with the cca etc etc!!

Please conslut the CAB first, they are free and independent. These companies are not better than the companies that sold the PPI in the first instance.

"The cost of our Solicitors conducting a detailed Evaluation and Audit of your Credit Agreements is as follows:
£295 for your Agreement"


!!!!!!!!!!:mad:


Arrange a meeting with cab before you do anything, its really for the best

dowsing123

Thanks very much for your help

:beer: