Bluesky Personal Finance

DanDaniel

Long story short - I applied for a £10000 loan around 3 years ago. I ended up borrowing £15000 as they explained it was far better to apply for more than having to borrow more further down the line. I accepted and so the loan started (at 25%apr may i add) i was then aware that i was paying £55 a month on top which turned out to be PPI. I cancelled this and they refunded only half the premium as they said it was out of the cooling off window. This meant a £3500 PPI single lump sum on top of the loan was going to cost £11000 with interest over the course of the loan for only 5 years cover ! Anyway i ended up going through the FOS and they have upheld my complaint and told bluesky to pay £200 compensation on top of the refund. They have not acknowledged this with the FOS so i await the decision after it goes from the adjudicator to one of the Ombudsman.

Now interestingly the paperwork bluesky provided for the FOS shows my application with scribbles out over my writing and other peoples signatures in place of mine. Clearly altering my non-need for PPI to needing ?! Now couple of questions :

What power does the Ombudsman hold him/herself ? Can they force bluesky to make the payment ? even when bluesky have ignored the adjudicator ?

Does anyone think i could take my case to court for further compensation over them defacing my agreement ? could the loan be unenforceable ?

I managed to get a default off them 6 months ago because i missed a payment. They refused to reduce the payments by £55 a month even though the PPI was cancelled, they say it just means i pay back the loan quicker. i have found it difficult to find the extra a month therefore could i in some way get them maybe via court to remove the default due to the fact it was there overcharging me that left me unable to pay one month.

Any constructive comments welcome. Please dont reply if you just want to rant about me being stupid getting myself into this mess, i know that !!

jonesMUFCforever

The best advice I can give you is to repay them ASAP by getting a new loan.