loan agreement

karlwebb02

Hi I have just found out about the loop holes in the law with regards to credit agreements. Can a loan company enforce a loan if I was in temporary work ???

System

did you tell them about your work situation ?

di3004

May I ask if they also sold you PPI (Payment protection insurance)?

If they have and you did not know about it, or was pressured into taking this, then I would complain and reclaim on the PPI and interest etc.

There are many reasons for mis-selling, link here worth checking on, good luck.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

I know this does not fully answer your question, but thought I would mention it, you will be surprised how many have been mis sold this type of policy.

karlwebb02

Yes I told them. But they don't have any of the sales sheets that they used to sell the loan. So I have no proof

_Andy_

So you had no problem with them giving you the loan, why do you now have an issue with it?

di3004

karlwebb02 wrote: »

Yes I told them. But they don't have any of the sales sheets that they used to sell the loan. So I have no proof

If you've no paperwork you could send for a SAR (Subject access Request), link to the template below, they have 40 days to comply.
Post by recorded delivery, but please note there is a charge of £10 either payable by postal order or cheque payment.
http://forums.moneysavingexpert.com/showthread.html?t=1475553

simon_templar_2

_Andy_ wrote: »

So you had no problem with them giving you the loan, why do you now have an issue with it?

If this thread and the reply quoted here was on CAG then Andy would have it deleted and a PM from CAG Admin telling them their post was not authorized by a moderator and threatened with expulsion. Furthermore Andy would have been branded a fascist, nazi, baby killing, wife beater, capitalist, communist!! This forum is miles better for such discussions as it is not blinkered one way.