irresponsible lending??? Need some advice

Sol00

PROLIANT wrote: »

Because the money has been borrowed from a bank - where is the money? Spent it? Oh yes we forgot that little detail, if it was the lenders fault then the data should be amended asap to make sure the OP has his/her credit files updated accordingly - and repay the bank what they legally owe them, if however this is a case of...oops, I used a different name other than my own, then the OP will be looking at a criminal record for fraud. I am not implying that the OP did this however I am just showing the other side of the coin so to speak.;)

No, the fact the money was spent wasn't forgotten, however, if you read the OP's post he/she has stated that the bank has told them not to pay until it is resolved. I tend to take the post at face value, so what the money was spent on is of no importance.

Sol00

CLAPTON wrote: »

It would seem to me that the full facts are not entirely clear here and I always feel that it's best to know the full facts before leaping to conclusions and where the money went is potentially one small link in the unclear chain.
Others of course occur

But anyway the answer to the question based on the information available is No the loan wasn't mis-sold but who knows it may be unenforceable.

Fair enough, but it seemed as though the OP was going to get a hard time for asking for advice in here (something that seems to occur a lot in this forum thesedays), hence why I asked.

R0bert_Sterling

Sol00 wrote: »

it seemed as though the OP was going to get a hard time for asking for advice in here

And rightly so.

The OP applied for, and received a loan at a rate he agreed to. :beer:

Spent all the money (who knows or cares what on, candybars probably) :j

Hasn't made a single repayment

Has indicated he will struggle to make ANY repayments so can he have the loan written off and simply ignore it. :mad:


Cuddles and hugs in the DFW board. Real advice and opinions in here for free (and feel free to ignore it if you like)

PROLIANT

R0bert_Sterling wrote: »

And rightly so.

The OP applied for, and received a loan at a rate he agreed to. :beer:

Spent all the money (who knows or cares what on, candybars probably) :j

Hasn't made a single repayment

Has indicated he will struggle to make ANY repayments so can he have the loan written off and simply ignore it. :mad:


Cuddles and hugs in the DFW board. Real advice and opinions in here for free (and feel free to ignore it if you like)

Now now Robert, softly, softly with the OP, he is a victim now, he is not responsible for anything remember, another freekin contribution to the pathetic British way of life in 2009 for ever and ever amen. :cool:

angelicmary85

R0bert_Sterling wrote: »

Cuddles and hugs in the DFW board. Real advice and opinions in here for free (and feel free to ignore it if you like)

Everyone likes the odd cuddle now and again!

Sol00

I'm sorry, I thought this forum was to help people, not to act like debt collectors by inflicting a hard approach on people that come on for advice? I'll be confirming this with the mods.

As I said, I take people's comments at face value, so if the OP says that the bank have told them not to make a payment until the situation is resolved, then I have no reason not to believe them.

iceman28

R0bert_Sterling wrote: »

Hasn't made a single repayment

Can I just ask..... where on ANY of my previous posts does it say I have never made a repayment? This loan has been repayed for 6 months, without any problems.....

I am not getting any more involved with these forums, as ar as I am concerned I thought I was going to get some advice of people, but nope -as many other times I have seen, people are FAR too quick to ump to conclusions about people and their situations - as you have Robert Sterling, again without knowing the facts - READ THE POSTS MORE CLEARLY YOU UTTER EXCUSE FOR A HUMAN!!!!! :-)

PROLIANT

Sol00 wrote: »

I'm sorry, I thought this forum was to help people, not to act like debt collectors by inflicting a hard approach on people that come on for advice? I'll be confirming this with the mods.

As I said, I take people's comments at face value, so if the OP says that the bank have told them not to make a payment until the situation is resolved, then I have no reason not to believe them.

Before you embark on yet another witch hunt...ask yourself this one simple question; "Why did the OP not bank the agreed loan repayments while the ADMIN error with the bank was resolved?"
Then he could simply apply the back dated repayments to his loan account then everybody is happy, but oh no, too much to ask "responsible borrowing" in this society isn't it? :think:

iceman28

Thankyou S0l,
At least someone on hear is still prepared to listen to people. Just as an update, I have tonight spoken to my brother and both myself and him have complaints pending an inquiry (Although brother already has a letter advising issue resolved and received £100 compensation from said bank)..... this clearly wasn't the case as I tried to call and again they have no knowledge of me and WILL NOT discuss the account. As their 6 weeks for their complaint to be resolved is up for both of us on Wednesday, with no response we will both be writing to the FOS to have the matter resolved once and for all.

Thanks for any advice I/we did received though - it is appreciated.

One things is good though, at least I AM earning a little interest whilst this money is in my bank lol

iceman28

PROLIANT wrote: »

Before you embark on yet another witch hunt...ask yourself this one simple question; "Why did the OP not bank the agreed loan repayments while the ADMIN error with the bank was resolved?"

OMG - I never said I didn't have the back payments, just I cannot make them as said bank will not discuss the account with me as It's not my name on the loan. Brother will not pay, and rightly so as he didn't borrow the money.....

I cannot believe how many people jump to conclusions on here, it's crazy!