First plus ripoff

shafted_fpc

never-in-doubt wrote: »

Posted on behalf of shafted fpc

http://petitions.number10.gov.uk/FirstPlusRates/

davidg007fpc2 just wondering if you have seen this before and if not if you would consider kindly supporting this petition the same goes for anyone else, sorry if someone else has knocked on your door before.

shafted_fpc

oh by the way the petition reads

2nd charge mortgage companies, such as Barclays First Plus, have not reduced interest rates in line with the huge reductions in BoE base rates despite using increases in such rates to trigger interest rate rises to borrowers.

Companies such as these hide behind their Terms and Conditions to take advantage of borrowers and make excessive profits when the cost of borrowing to them is low. Their standard terms and conditions quote a "variable" interest rate but they have no obligation to reduce rates when BoE, or similar indices, fall but can increase rates to their borrowers should rates rise.

A variable interest rate should only be to the benefit of the lender. The government should force the Financial Ombudsman Service, the Financial Services Authority and the Office of Fair Trading to investigate such companies.

The Government should act swiftly to force companies such as these to lower interest rates and rewrite their Terms and Conditions so that they are fair and equitable.


now come on MSE you can get the numbers up there currently at 418 thanks to Firstpluscomplaints

PiquedOff

shafted_fpc wrote: »

davidg007fpc2 just wondering if you have seen this before and if not if you would consider kindly supporting this petition the same goes for anyone else, sorry if someone else has knocked on your door before.

More than happy to see this link repeated. Also pleased to see a whole load more "signatures" since I enrolled a week ago.

Also pleased to see that fpc is up and running again. Hope Angus is OK.

We've had the usual fob-off letter from Firstplus, so am now about to embark on phase 2. Just wish we'd done this months ago.

shafted_fpc

never-in-doubt wrote: »

Posted on behalf of shafted fpc

http://petitions.number10.gov.uk/FirstPlusRates/

would this be the link you are refering to :beer:

BTW 79 MORE SIGS AND THEY HAVE TO ANSWER THE THING!!!!!!!

come on MSE get backing it

halifax71

I honestly believe that this could really enahance ML's reputation, getting him serious media coverage.

I similarly believe that the second charge loan market is stigmatised with it's debtors categorised a sub prime not worthy of equal rights.

I've seen the sanctimonious attitude of some posters on here.

Ultimately we don't need him, in my opinion. We now have enough evidence. The OFT have to rule the interest term unfair, the evidence is just to too weighty for them not to do so.

We (the First Plus Complaints Group) have worked together, gathering a huge amount of evidence to support our claims. We are the ones this is directly affecting and we will win - without Jonny come lately ML or other similar supposed consumer champions.

Edale

I have signed the online petition, I really feel for all of you caught up in this. I hope Carol Vorderman can sleep at night!

shafted_fpc

Edale wrote: »

I have signed the online petition, I really feel for all of you caught up in this. I hope Carol Vorderman can sleep at night!

why thank you :beer:

geoffky

signed for you all

shafted_fpc

geoffky wrote: »

signed for you all

:T :T :T

thanks very much we are soooo close a 67 more sigs is all that is needed for a response, lets show the bankers what consumer power is.

shafted_fpc

never-in-doubt wrote: »

Posted on behalf of shafted fpc

http://petitions.number10.gov.uk/FirstPlusRates/

just thought I would highlight what this is about again it is about getting the regulators to do the job we (the taxpayer) pay them for, nothing more nothing less. In the process that means the banks act fairer towards peeps and consumers get the deal that they are intitled to come on peeps click read sign its easy!!!!