Need some advice..

gurdipR

Hi my names Gurdip and im new to the forums..

I need some advice, i signed up to a company called fraser mckenzie who were a i.t. recruitment company. Basically they offered me a career track where i was guarnteed a job, as long as i complete training with PPI learning services ltd within 12 months(which i later found out should normally take 3 years to complete with 1 years experiance before u can complete the qualifications). so i signed up, not knowing that this was a loan agreement.. stupid? i know (i wasnt the only one one, over 300 other people signed up for it unknowingly as well). After 5 months Fraser Mckenzie went into liquidation and PPI went into administration..

No training, No job.. and i was left with £4000 debt. £8000 after interest. Now everyone effected has realised that his was a major scam, and are being chased up by Barclays partner finance to pay up the debt.

after some research i found out that, PPI nor Fraser mckenzie had a consumer credit license at the time they signed me up december 2007. The contract was signed off PPI/Barclays premises at a Fraser Mckenzie office. Does this mean under the Consumer Credit Act 1974 that Fraser mckenzie shouldnt be able to offer me a loan?

Another point is that, i was unemployed, and my father is a single parent at the time i was mis-sold this agreement, i dont know much about law, but im sure u need a guarantor to get a loan?

Barclays have been harassing me on the phone alot, and i have sent them a phone harassment letter from this forum post on this website
Forums dot moneysavingexpert dot com /showthread dot html?=1868507 as well as a CCA request.

Can you give me further guidance on this issue, especially on the issue about neither retailer, or training provider having a Consumer credit license. Thanks in advance

gurdipR

Also i did report this scam to barclays, they apparently did an investigation but stated that i still need to pay. iv also reported it to Trading standards, and i intend to report it to the Financial ombudsman. But meanwhile, im stil being chased up by barclays.. what can i do?

gurdipR

any help at all ? Lol sorry im being pushy, its kinda importnt

CHR15

All these training providers who guarantee employment on completion are to be avoided.

Even if they had not gone under, they would have made absolutely sure you would NOT finish the course.

I hope you learned the valuable lesson about these training providers and wouldn't make the same mistake again.

There is another guy in a similar position, have a read of his post (it was confusing when he posted it by mentioning PPI)

http://forums.moneysavingexpert.com/showthread.html?t=2190205

gurdipR

Hi thanks for referrin me to the other posts, But i was wondering if anyone can help me in the fact that neither tradiing provider or retailer had a consumer credit license whilst signing me up for a loan.

My quesiton would be, can a company sign you up for a loan, if they have no consumer credit license

andyfuk

If I were you I'd go to the citizen's advice bureau. I'm not sure if trading standards would be able to help or not, but it's worth a shot. But definitely go to CAB. Take all the documentation you have with you. Make sure you point out what PPI is- i.e. not insurance that comes to most people's mind!

Also BBC's Watchdog might be able to help, going by what you say, a lot of people have become affected, so you may have a chance and you will have some "mutual" support. The key is getting enough attention and who know's they might be able to do something.

Really feel for you buddy- hopefully you can get out of this mess. Having a loan and getting into debt is one thing, but having a loan and getting into debt and even worse having nothing to show for it must be gut-wrenching, and effectively being conned, is another.

Best of luck

gurdipR

Hi iv already contacted the CAB n they referred me to tradining standards, who told me to write a few letters, n it couldnt be resolved from them, so they told me to contact the finanical ombudsmen, which im in the process of doing. Thanks for your support and help tho.

But can anyone answer my initial question? thanks

maninthestreet

Gurdip - Barclays Partner Finance presumably have a CC licence.
They are equally liable for any failure of Mckenzie to provide the services they were contracted to supply.