First Plus

losingbigtime

Has anyone had any dealings with this company? We got a secured loan from them for £25,000 4 years ago with payments of £217 a month, we have never had any communication from them whatsoever and have no idea what we now owe, we have never had a statement or anything, not even once, and theur website seems to indicate that they are no longer existing as first plus. We would like a statement at the very least, and would like to know if we can borrow any more. UNlikely, as I am on a DMP and can get no credit anywhere, not even a catalogue! If anyone has any experience of dealing with First PLus I would be grateful for any feedback, many thanks

amersall

Hi there, have you got a agreement? if not give them a ring on this number
08456506600
ask them for details of your account. Hope this helps

AMILLIONDOLLARS

All I can say is, when you get your statement, please sit down before you open the envelope, here are a few horror stories relating to this company.


https://forums.moneysavingexpert.com/discussion/2449827
https://forums.moneysavingexpert.com/discussion/2221599

If you search this Forum you will find a lot more of these stories. Contact your bank for your standing order details, from this information they may be able to give you a number you can call.

Good luck, you are going to need it!

AMD

losingbigtime

Oh my g oodness! What can I expect? Is this why they dont send statements out? Im sure they would be in contact asap if I cancelled the direct debit! Oh god like I need any more bad news I am in deep with my finances at the moment, I cant even afford to eat :mad:

AMILLIONDOLLARS

That's just the tip of a very large ice-berg
https://forums.moneysavingexpert.com/discussion/1270125

here's another thread. because you have not been receiving any correspondence from them, you might not be aware that they have been increasing the interest rate over the pass 4 years. to your knowledge have your monthly payments amount increased over the years?

You really need to find your paperwork urgently and take it to the CAB. Did you not include this loan in your DMP?

AMD

amersall

losingbigtime wrote: »

Oh my g oodness! What can I expect? Is this why they dont send statements out? Im sure they would be in contact asap if I cancelled the direct debit! Oh god like I need any more bad news I am in deep with my finances at the moment, I cant even afford to eat :mad:

Dont get stressed over this, you will get all the help you need on the website i gave you. You are not alone with this company.At least you only borrowed 25000 mine was 90000 + 23000 ppi!!!! so in the grand scheme of things you are "better off":D

masterlumps

if you are on a DMP to help you with your money problems why on earth would you be wanting to find out if you can borrow more?

i dont think you should automatically assume there to be a problem, if you have your agreement and pay them monthly as per said agreement then the statement will show just that

AMILLIONDOLLARS

You may also wish to visit this site

http://www.firstpluscomplaints.co.uk/

AMD

losingbigtime

My payments have not increased at all in the 4 years I dont think. I could not put it on the DMP as you can only put unsecured borrowing onto a DMP.

I am wanting to borrow around £3000 as I cannot afford to live at the moment, I havent paid my mortgage for 2 months and I cant even afford to buy food. I am thinking bankruptcy may be my only option now but I am frightened as to what would happen to my home - we have a joint mortgage and my partner has no adverse credit histopry apart from sharing a joint bank account and joint mortgage with me.

masterlumps

not being funny but what do you do when the 3 grand has run out? its only a couple of months living expenses and mortgage payments, 3 months at best

after that where will you turn?

losingbigtime

Well I cant get 3 grand from anywhere anyway - I have looked everywhere - I cant even get a Vanquis card or anything. The 3 grand would bring me back up to date with the mortgage etc and then give me some room so I can get back on track.