Unenforceable loans????

~Brock~

ILW wrote: »

Will you be offering credit terms?

..............and if so will there be a Section 75 refund available if not satisfied....?:rotfl:

nwph

teggy77 wrote: »

well this is my thinking too, when bank accounts were opened we all knew that if there were insufficient funds in our accounts we would be charged, and i am pretty sure most people have had bank charges in the past, and most would be quite happy to take THAT money back, would people have a guilty concience about that, im thinking not
now also bearing in mind some people s bank charges could add up to be more than my loan, am i so much in the wrong
we can all see the amount of letters that have been downloaded from this site alone.
This is due to the fact the agreement s are unlawful, now am i wrong in presuming that , again still not sure if it can happen, that a credit agreement can also be unlawful and why should it not be tried out.

I may be thick but who pays for all the bank charges are refunded, where does this money come from because im sure it aint just a few quid.

Now I still have not made a decision about this, again not about morals and stuff, its just handing over my details to someone I dont know and possibly looking like a total pie.

This company have assured me they have been running for over 4 years, have had numerous trial cases overturned, the guy I was dealing with has told me this,

"scan and send me through your original credit agreement, do not send me us any money. Our solicitoirs will look through your agreement, if they feel it cannot be challenged we will contact you and tell you , and you will continue to pay your loan as usual.

If we know you have a case we can do this for you, there is a flat fee of £285 (maybe a lot i dont know!) and no end fees, this is for a audit. Our solicitors will only take on a case when they know they will win as the court fees are payable by the other party, we would never take on a case that would cost us, its not in our benefit to do that, therefore all you pay is £285 and as the agrement was not legally binding your credit status would be cleared. ALSO .. if you have been charged PPI on a loan that you are unaware you have been paying you may also stand to get that back too ......

I have checked out the website which is governed by 2 bodies one being the ministry of juctice (but not sure if that even goed for anything) they have emailed me through all the clauses they would check out, all information about how to got about this and also copies of court cases they have had overturned (Again im no legal eagle so these could be made up!) i know as my mum says if it sounds too good to be true it probably is.

During my last conversation with this guy I did mention I had asked about this stuff on this forum and that If i did decide to try it out I would have made it very public for everyone because It would put other people in a clearer picture, he said that would be a good idea.

Would they be willing to risk their reputation for £285

Now still not convinced .... is it just me !!!!


Again sound s too good to be true !!!!!!!

I'm doing the same at the moment ,i think its about time the greedy banks got some of there own treatment ,my ppi totals over £4500 ,with interest due on the loan of over £3500 ,i'm in my final yr of the loan and hope to have the dam thing quashed heehhee,and get my useless ppi back .

As for morality the actual practice of handing out loans is immoral ,who cares it is what it is ,banks are a business that operate within a legal framework ,if this framework can be exploited then so what .:money:

PROLIANT

Just to reiterate to idiot features who keeps ranting about how it is legal - Erm...no it is not, it is fraud and deception and hopefully the courts will find people guilty of this and lock them up for a while not before stripping them of any saleable assets and banning them from credit for at least 5 years.

nwph

PROLIANT wrote: »

Just to reiterate to idiot features who keeps ranting about how it is legal - Erm...no it is not, it is fraud and deception and hopefully the courts will find people guilty of this and lock them up for a while not before stripping them of any saleable assets and banning them from credit for at least 5 years.

Isn't that what the banks have been doing all these yrs ,anyway if you wish to be a slave to the system then cary on ,and as for the idiot comment my friend have you looked at your post count ,do you actually have a life away form these forums .:eek:

PROLIANT

nwph wrote: »

Isn't that what the banks have been doing all these yrs ,anyway if you wish to be a slave to the system then cary on ,and as for the idiot comment my friend have you looked at your post count ,do you actually have a life away form these forums .:eek:

I am not your friend, in fact I would not !!!! on you if you were on fire you and your like minded "get out clause" brigade are a complete waste of skin and the country would be much better off without your kind living off the backs of others, idiot.

dfh

I am all for people to get compensation if they have been missold a loan or PPI or if they are in financial difficulties and the banks are being unreasonable.But I draw the line at people taking on debt and deciding they will use a loophole to wriggle out of their committments even though they are perfectly capable of paying it back.Remember every action has an equal and opposite reaction.Remember the double digit house price inflation over the last few years and how it was never going to end? Well,the whole nation will be paying the price of that for years to come.And I have a feeling that all of us will have to pay the price for this flood of I can't but won't pay litigators who decided to borrow money and not won't pay it back because they can find some loophole.I agree banks have been reckless in their lending over the past few years but two wrongs do not make a right.

IN_DEBT_4EVA

PROLIANT wrote: »

Just to reiterate to idiot features who keeps ranting about how it is legal - Erm...no it is not, it is fraud and deception and hopefully the courts will find people guilty of this and lock them up for a while not before stripping them of any saleable assets and banning them from credit for at least 5 years.

Who is the idiot? At least we know the meanings of words.

Actually fraud is any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain, either valuable financially or comprising a legal right. Deception is an instance of actions and/or schemes fabricated to mislead and/or delude someone into errantly believing a lie or inaccuracy.

PROLIANT

IN_DEBT_4EVA wrote: »

Who is the idiot? At least we know the meanings of words.

Actually fraud is any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain, either valuable financially or comprising a legal right. Deception is an instance of actions and/or schemes fabricated to mislead and/or delude someone into errantly believing a lie or inaccuracy.

Which is what is happening; you borrow from the bank, spend the money and decide not to pay it back; ergo you are obtaining goods or financial services by means of deception. FACT!

IN_DEBT_4EVA

PROLIANT wrote: »

Which is what is happening; you borrow from the bank, spend the money and decide not to pay it back; ergo you are obtaining goods or financial services by means of deception. FACT!

No you are wrong. The agreement is not lawful and can be challenged. Fraud and deception are separate. You need to go to school geezer.

dfh

I think people need to put themselves in the Bank's shoes.Let's say you are a bank and lending money is your livelihood.You lend someone money with the understanding that they will pay it back with interest.You agree to the terms and conditions and then sign an agreement.Then the customer decides that just because there was a spelling mistake in the agreement they don't have to pay it back.And the courts agree with the customer.I bet you will go blue in the face saying how unfair it all is.And it will never end.People will decide that their mortgage agreements are unenforcable and hence they don't have to pay their mortgages and will own their houses outright.Besides,how many times have we lied on application forms tweaking our income and outgoings? What if the banks decided to scrutinise each and every agreement and then decide that you broke the terms and conditions and demand the entire sum in one go?