No Agreement

I_know_my_ABC_and_my_CMYK

petermb wrote: »

Dont blame me for the rules. The government of the land created the law. Do you really think this was put in the statutes by accident? An oversight? It is there to provide protection for consumers. Besides the lenders won this battle in 2006 when they got the law amended. This now only applies to loans prior to April 2007.

I personally would rather there was a copy of the agreement. Then I could challenge the loan in a far more robust way where the lender could not wriggle and twist and get out of paying or can still harm the borrower. At least I could then prove my case. And I make no apologies for doing so.

There was a brief interview on TV a few weeks back with the guy who wrote all this up. He said everything he put in it was put there deliberately to protect the consumer and if the company was stupid enough not to ensure everything was carried out correctly then they only have themselves to blame if an agreement is not correctly executed or is lost.

Cashpig74

so who exactly is "this guy" - anyone crediable or is a "guy/bloke down that pub that knows someone who get this stuff cheap an' al that like..."


However, this guy seems to be out new God so it's all good.. :-)

I_know_my_ABC_and_my_CMYK

Sorry, if I could have remembered his name I would have posted it but unfortunately I get memory loss due to a bang on the head when some idiot drove into the back of my car.

hannahb123

so as well as a loan being unenforceable if the bank has lost the credit agreement can you also claim back PPI on the loan on top of that.

Bank have sent their final letter stating they have lost agreement and I gave 8 weeks to yake matters further (complained to ombudsman), but they have told me over the phone over £4000 has been added to this loan for PPI.

petermb_2

hannahb123 wrote: »

so as well as a loan being unenforceable if the bank has lost the credit agreement can you also claim back PPI on the loan on top of that.

Bank have sent their final letter stating they have lost agreement and I gave 8 weeks to yake matters further (complained to ombudsman), but they have told me over the phone over £4000 has been added to this loan for PPI.

If you SARN the lender I am sure there will be evidence amongst the stuff they send you that will prove that you have PPI included, Agreement or no agreement.

AverageJoe_4

Hey, I have been told that my Card company no longer has my application. I dont think Im paying PPI, the statements dont show it but are you saying that it can be "claimed" anyway..? I am uncertain of the actual situation so do they need to cough up (so to speak) cos they cant prove otherwise?

AJ

petermb_2

AverageJoe wrote: »

Hey, I have been told that my Card company no longer has my application. I dont think Im paying PPI, the statements dont show it but are you saying that it can be "claimed" anyway..? I am uncertain of the actual situation so do they need to cough up (so to speak) cos they cant prove otherwise?

AJ

No not at all. You would have to have PPI within your agreement to be able to claim it.
Usually when you sarn, evidence of the PPI's existance shows up somewhere even if there is no physical agreement.

AverageJoe_4

AH ok, great. I have also heard (sounding a bit money grabbing now but still..) that some people are entitled to their payments being compensated. What situation warrents that? Is that a lost agreement scenario too or something more damaging?

AJ

petermb_2

You are now into the realms of unenforceable agreements. Much harder to win such a case and you would have to get your agreement checked out by a professional.
there are plenty of companies out there that offer this sort of service for a fee. There will be plenty of takers who will request that you hand over your hard earned cash if that is the route you wish to go.

It also all depends when you took out the card.