I believe I was missold 4 loans from TSB

regularsaver1

yes but the OP said "I believe i was mis-sold" - so maybe wants to do something about it - so lending ethics would
be raised

EDIT - ok sorry I have just seen the "ok maybe mis-sold is not quite the correct term". Hope you get it all sorted. I am not using this for a rant by the way.

dmg24

Ok maybe mis-sold is not quite the correct term.

I am sure there are people out there in my situation who can empathise.

Now please stop using this thread just for a rant!

pampam, I haven't been in your situation, and I can't imagine how difficult a time you must be going through. Hopefully CAB will be very helpful, but if you need any more advice please just ask. I really hope things get back on track for you x

pink_phantom

dmg24 wrote:

Now please stop using this thread just for a rant!

Get a grip. Yours are the only posts I see "ranting" at others in such an agressive manner. You are taking out of context totally harmless questions and had you cared to read the link provided in a pervious post you would have seen very valuble information that could benefit the OP. Although it is nice to have encouragement and it helps people, sometimes initially a few harsh words are needed to bring them back to reality and to set them on the straight and narrow.

OP as far as I am aware, the only thing that can be mis sold is the payment protection insurance as it sometimes excludes certain people. If you have that on the loans then you may be able to get the money back for them. Other than that I am afraid i don't think that there is anything you can do with regards to being mis sold a loan. You could try coming to an agreement with the banks so that your interest is frozen as I am sure someone will tell you. I don't have that knowledge myself or I would tell you how to do it.

pampam

I am sorry my post has caused so much controversy.

I have already admitted that "mis-sold" was not the correct term to use.

My point was that I was already in it over my head when the bank gave me the loans and the TSB were well aware of this.

On top of loaning me the money I was sold PPA, Health Insurance and life insurance. When I tried to claim from the PPA I was told it was no longer valid as I had not paid the premiums. (The premiums were all lumped together in the loan payment) I was also being charged an APR of 19.6%

Can anyone tell me how I would go about persuading them to "freeze the interest" as mentioned in one of the previous posts.

Thank you for all the kind words of support.

Pam x