were we miss sold a loan ??

suz12_2

we recently had a call from a company that said they were government regulated and they deal with people who were miss sold loans, they asked my partner a few questions about a nation wide loan we have nothing to prying just when we took it out etc and said the forms we filled out at the time were not legally binding, not just nation wide but several loan companies, through a loop hole in the law we could get it written off, he said we would have to pay them 5% of our outstanding loan amount up front and they would deal with it i had similar calls a few years ago about bank charges you pay a fee and they sort it out for you but at the time i had already put a claim in is this too good to be true ?

rsykes2000

The companies are scammers, it is too good to be true. Ignore them and get on with paying off your debt.

Comyface

rsykes2000 wrote: »

The companies are scammers, it is too good to be true. Ignore them and get on with paying off your debt.

I second that emotion.

jonesMUFCforever

How could the person on the other end of a phone determine whether your loan documentation was binding or not even if you had the document to hand and was reading it to them?

CHR15

You had a call out of the blue, you told this complete stranger all about your financial position, and now think he is some knight in shining armour about to make your life debt free??



Madness, madness, madness. No wonder these scammers are flourishing!!

cooltt

Sigh.............

magpiecottage

They are only regulated by the Government because they have to be.

The Financial Ombudsman Service (which is free) has already said it won't write of a debt on the basis of a technicality and now the courts seem to agree.

Ask yourself why, if they are so sure of winning, they need to ask you for money up front.

Wasn't that what you needed to do to access your winnings in the Nigerian Lottery?

bigdave1973

...and just because the contract wasn't legally binding doesn't mean that you were mis-sold. If you agreed to pay for a PPI agreement, the company provides the PPI, why would you essentially want to 'scam' your PPI provider?