loancheck/solicitors claiming ppi

marshallka

THOMAS123 wrote: »

Sorry for the perceived pessimism - It was not intended.

I genuinely meant the "Good Luck" message

Yeah but do you think cases like maxdp's are going to get completed and soon.

kate705

marshallka wrote: »

Yeah but do you think cases like maxdp's are going to get completed and soon.

Will any of the cases be completed?

I am just reading the thread and feel horrrified as I am beginning to wonder if Peter is conning people? Has loancheck ever won a single case or Watsons for that matter? Is it just a scam? My relatives' case is back with Black Knight but I am now cynical about whether anyone even intended to work on it.:(

marshallka

kate705 wrote: »

Will any of the cases be completed?

I am just reading the thread and feel horrrified as I am beginning to wonder if Peter is conning people? Has loancheck ever won a single case or Watsons for that matter? Is it just a scam? My relatives' case is back with Black Knight but I am now cynical about whether anyone even intended to work on it.:(

I think as you can see here most cases are not moving and have not moved for 2 years odd. As regards it being a con, time will tell perhaps. You can make a complaint or ask the administrators perhaps what to do as it seems that Watsons are very vague on things.

Hope someone else posts with more knowledge or better still, Petermb!!

marshallka

THOMAS123 wrote: »

The only original Loancheck company still trading is The Loancheck Foundation (now yourloancheck.com limited) as shown below from Companies House

YOURLOANCHECK.COM LTD
20-22 UNITS RURAL ENTERPRISE CENTRE
STAFFORD DRIVE
SHREWSBURY
SY1 3FE
Company No. 06508350.

They were incorporated 19th February 2008 and mentioned in http://www.loancheck.eu/pdfs/FA%20Simms%20Independent%20Audit%20and%20Due%20Diligence%20Report%20into%20Loancheck%20Group.pdf

As for the assets (or liabilities ) being sold I think you make a very valid point

Right, if the document you posted is correct and Zar World Limited incorporates

Severn
Konsul
Ascot Legal
Loancheck Foundation Limited
Capstan

and all went bust then does this mean that as Zar World limited are also in administration (if you put Zar World into companies house it shows up as Salop consolidation limited new name but in administration) then is yourloancheck still active if Loancheck Foundation Limited is its previous name on companies house??? Where does that leave yourloancheck (previously loancheck foundation). Did Zar World own them at all? Very confusing? What is the loancheck model? Does it mean all the above companies cause if it does it says on that document also

We have checked and confirm that ZWL owns all Intellectual Property Rights for the

LoanCheck model. (Hereafter referred to as LCK)

Does this mean that maybe the administrators can choose to sell the loancheck model again and "a" company can re-emerge with it??


Am I right in thinking this is the software? Is the argument then between two companies that keep cropping up on here? One being yourloancheck and the other Black Knight?

All this of course if the companies have been running properly in the firstplace BUT why did they go bump if it was a solid firm?

tiggrae

marshallka wrote: »

Right, if the document you posted is correct and Zar World Limited incorporates

Severn
Konsul
Ascot Legal
Loancheck Foundation Limited
Capstan

and all went bust then does this mean that as Zar World limited are also in administration (if you put Zar World into companies house it shows up as Salop consolidation limited new name but in administration) then is yourloancheck still active if Loancheck Foundation Limited is its previous name on companies house??? Where does that leave yourloancheck (previously loancheck foundation). Did Zar World own them at all? Very confusing? What is the loancheck model? Does it mean all the above companies cause if it does it says on that document also

We have checked and confirm that ZWL owns all Intellectual Property Rights for the

LoanCheck model. (Hereafter referred to as LCK)

Does this mean that maybe the administrators can choose to sell the loancheck model again and "a" company can re-emerge with it??

Am I right in thinking this is the software? Is the argument then between two companies that keep cropping up on here? One being yourloancheck and the other Black Knight?

All this of course if the companies have been running properly in the firstplace BUT why did they go bump if it was a solid firm?

I think you've hit the nail on the head - it appears there may possibly be another 'pheonix' company rising - but again why is it a supposedly 'solid' company goes bust - it takes up front charges, delivers nothing, you can't go elsewhere in case you incur costs of 'work done to date' and then they sell onto someone else, who incurs costs of 'work done to date' so again you can't cancel the contract and then they ask for more money to 'assess your claim' !! It's a money making merry go round and the people asked to pay are the one's most needful of help

maxdp

tiggrae wrote: »

I think you've hit the nail on the head - it appears there may possibly be another 'pheonix' company rising - but again why is it a supposedly 'solid' company goes bust - it takes up front charges, delivers nothing, you can't go elsewhere in case you incur costs of 'work done to date' and then they sell onto someone else, who incurs costs of 'work done to date' so again you can't cancel the contract and then they ask for more money to 'assess your claim' !! It's a money making merry go round and the people asked to pay are the one's most needful of help

Hi Tiggrae, they do not pay in real terms as no money changes hand, they do though pay in an emotional way. People are losing their homes and livelihoods.

I wonder if it is the Solicitors who carry the cost of work done to date. Petermb said he did not get paid from Loancheck, The Solicitors probably had to buy into the scheme. So they have incurred those costs plus the software plus costs incurred to date. If this is passed onto another Phoenix firm the Solicitors are surely the ones left holding the bills until it goes to court. They cannot take it to court because all the info is held on the software and they are barred from using it.

It is very strange indeed.

marshallka

tiggrae wrote: »

I think you've hit the nail on the head - it appears there may possibly be another 'pheonix' company rising - but again why is it a supposedly 'solid' company goes bust - it takes up front charges, delivers nothing, you can't go elsewhere in case you incur costs of 'work done to date' and then they sell onto someone else, who incurs costs of 'work done to date' so again you can't cancel the contract and then they ask for more money to 'assess your claim' !! It's a money making merry go round and the people asked to pay are the one's most needful of help

Sort of Pyramid scheme then??? Surely some people (investors) have been taken for a ride then? If this is the case then it needs properly investigating and will get investigated so the same does not happen again.

ALso do you think the clients are at risk of paying for their work?

marshallka

maxdp wrote: »

Hi Tiggrae, they do not pay in real terms as no money changes hand, they do though pay in an emotional way. People are losing their homes and livelihoods.

I wonder if it is the Solicitors who carry the cost of work done to date. Petermb said he did not get paid from Loancheck, The Solicitors probably had to buy into the scheme. So they have incurred those costs plus the software plus costs incurred to date. If this is passed onto another Phoenix firm the Solicitors are surely the ones left holding the bills until it goes to court. They cannot take it to court because all the info is held on the software and they are barred from using it.

It is very strange indeed.

Maxdp, why would anyone work for a company for nothing? If petermb did not get paid by Loancheck then who paid him for work he did? I find it hard to believe TBH. Or do you mean he is still owed for work done? Maybe all involved will sort it out between themselves and one big happy family but can you really see that?? Have you been in touch with the administrators who may advise on what clients should do?

It is very strange.

maxdp

No it was not for free from what I understand it was owing. Who knows have not spoke to Petermb for ages only what I have read on here etc.

No not been in touch with Administrators am just on an information gathering crusade at moment unfortunately the weekend got in the way. I hope to know more next week.

lesley65

i don't know if this will shine any light but my solicitor told me that he had to take out a loan from barclays bank to pay loancheck for all the audit fees, so loancheck obviously had all their money, they must have raked it in!!!!!!!!!!!!

when peter first started to help me with this process he tried to do it firstly with his company protected investments, then he said it would be better if we did it through his new company feather finance and then finally he said he was still having teething problems with his new company so should do it through loancheck, i should have smelt a rat then!!!!!! but like an idiot continued firmly believing he was being genuine, he probably worked for loanceheck also so would have been paid something or was he on a commission based fee????

i'm intrigued as to why he has not come on here to defend his actions or is it that he knows its all so wrong so can't defend them.

lesley x