Is there anything I can do about this loan?

masterlumps

mambo69 wrote: »

I was wondering what term it was over and at what rate, as if been paying for 4 years and still had 2 left just seems odd to me

Thanks for the rudeness by the way, i will check all your email for pointless posts as well in future

you are going to check my posts for pointless posts? please feel free to get a life, you obviously have way too much time on your hands

i asked what was the point in the post as you never explained you were wondering what term and rate etc, you just posted what seemed to me to be very random and not quite relevant to the actual topic being discusssed. had you of said you were wondering as opposed to stating a fact and then saying 6 years seemd strange, it would have been more understandable

masterlumps

nandj wrote: »

I think I came out on top and my signature proves it, so at the end of the day I am right, your wrong end of!

As for calling me a muppet, I have over 16,000 posts on another site helping others out of exactly the same situation and already this week am into my 3rd stautory demand set-aside.

Yes I will to continue to help others find legal loop-holes.

This is post is going to roll and roll - happy days

NandJ

i wouls suggest you stick with your 16,000+ posts on another site then. i agree with the muppet bit btw, your posts have just got stupider and stupider. what is this mystery site? 16,000+ posts is all very good and well, but if they are anything like the posts in this thread they are not worth the effort you put into typing them

somethingcorporate

masterlumps wrote: »

i wouls suggest you stick with your 16,000+ posts on another site then. i agree with the muppet bit btw, your posts have just got stupider and stupider. what is this mystery site? 16,000+ posts is all very good and well, but if they are anything like the posts in this thread they are not worth the effort you put into typing them

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

pelirocco

SingleMumAndProud wrote: »

I have cut back on everything possible. Except the outgoings for the loan. I have already done all the basic switching suppliers, getting rid of the very few luxturies we ever had.

But this loan is meaning my outgoings are too much and I can't afford basic expenses each month. I have tried asking the bank if I can reduce my repayments and they just said no.

I think the normal advice here is to go over to the debt free wannabe forum , where they can see if they can help with budgeting , if your budget cannot be cut the advice is to seek advice from the cab , and make token payments until your situation improves , you must make sure that all bills regarding your home are taken care of , loans etc come bottom of the list

mambo69

masterlumps wrote: »

you are going to check my posts for pointless posts? please feel free to get a life, you obviously have way too much time on your hands

i asked what was the point in the post as you never explained you were wondering what term and rate etc, you just posted what seemed to me to be very random and not quite relevant to the actual topic being discusssed. had you of said you were wondering as opposed to stating a fact and then saying 6 years seemd strange, it would have been more understandable

apologies, oddly i do have a life, reading it back you are right. I was trying to work out how much would be left on the loan now, but the 6 years i got to seemed an odd time to have a loan of less than 10k over

Watalie

Feel sorry for the OP but DFW board is where she wants to be.

Hard coming on here for the first time and not being sure exactly where to post. I think her choice of words and understanding of how a loan works is unfortunate but a point in the right direction ie to DFW will soon help her out.

undaunted

Ignore this judgmental crowd & look after yourself - just like the banks do! What you need to do is sit down and work out your essential incomings & outgoings & what (if anything) you have left to offer to your creditors

Obvuiously things like food, electric, gas, Council Tax, telephone, any taxes, court fines etc that you might owe all need to be paid first, likewise you'll need things like clothes, haircuts, fuel / transport costs to get to work / the shops etc.

Be fair & sensible (you need a hair cut & clothes not Versace & Mark Hill for example!) and once you know what is then left divide it pro rata (so that the biggest debt gets the biggest repayment & the £1000 debt gets 10x the £100 debt) & write to your creditors enclosing a copy & offering those sums, asking them to freeze any interest which may still be accruing etc.

If you can't do this alone or have any problems with responses you could also try the Consumer credit Counselling Service (or CCCS) http://www.cccs.co.uk/ who, like the CAB, will help you free of charge. (There is also a rep on these boards somewhere I think.)

Good luck

nandj_2

flutterby_lil wrote: »

nandj - what does your signature mean, just curious about saying unenforceable? Thanks

At last a proper comment which I will only be too happy to answer.

Before the CCA law changed in 2006, the early CCA1974 stated that certain conditions had to be met to ensure a fully executed agreement.

i.e. signatures from both parties, correct APR, cancellation rights etc.

If none of them are present and a few more as well, or they have lost the original agreement, then they cannot legally take you to court or if they do they would not win.

It does not stop any defaults being put on your credit file nor does it stop them chasing you for payment but we have not heard anything now in over a year.

Best Wishes

NandJ

Common_Sense_2

To the OP - i would take one part of nandj's advice - the letter offering lower payments. It is difficult, but as many other posters have said - it was your decision to take out teh loan, no one elses, and your original post did seem to those frequent visitors to this site like you were trying to wriggle out of paying your debt.

Turning to Nandj - your posts have become steadily more crass. your signature is a billboard displaying to all and sundry that you are quite willing to use every legal loop hole to renege on your debts. It's people like you that are causing the banks to think twice about lending to people.

Let's face it - most of the banks were bailed out by the tax payer. You would be one of the first people to shout and scream if the banks decided to say "well actually, the governement can't produce the bit of paper we signed, so we're not going to pay them back" and yet this is exactly what you have done and are now encouraging others to do the same!

If you and all the other cretins that take advice from you on this 'other website' (presumably called www.i-have-loans-and-have-spent-the-money-but-now-can't-be-arsed-to-pay-the-money-back-dot-com) continue to do so, then there will be fewer loan companies in this country and people who realy need loans will be forced to go to loan sharks and other kneecap lenders while the employees of the companies that you are refusing to pay back end up losing their jobs.

i hope you are happy

geoffky

Meanwhile..the banks have robbed billions off savers who many relied on the money to get by each month....The banksters should be hanging from lamp posts with what they have got away with scott free, not playing hard ball with people who really are struggling to pay..