mis sold loan

opinions4u

Reading through your post, you may well have signed for a new loan under duress, but I'm no expert. Contact CAB. Good luck.

For the love of God ...

Emmzi

"duress" generally involves thumbscrews or your offspring being held hostage.

Wutang_2

wiseshark wrote: »

Well said myfrienfmartin67, good for you. I have also been very
dissappointed at times by some of the petty and spiteful remarks dished out by the cranks who have posted replies by the thousands. Don't take it too personally, as they can't help themselves when they are clearly suffering from OCD.

Get yourself over to the DFW board, they are great lot and non
judgemental.

Reading through your post, you may well have signed for a new loan under duress, but I'm no expert. Contact CAB. Good luck.

Are you an idiot?

MonkeyMad

wiseshark wrote: »

Well said myfrienfmartin67, good for you. I have also been very
dissappointed at times by some of the petty and spiteful remarks dished out by the cranks who have posted replies by the thousands. Don't take it too personally, as they can't help themselves when they are clearly suffering from OCD.

Get yourself over to the DFW board, they are great lot and non
judgemental.

Reading through your post, you may well have signed for a new loan under duress, but I'm no expert. Contact CAB. Good luck.

Two pages in and we still don't know whether the loan started at £1000 went up to £22000, or was a collection of small loans that has totalled £22000 or any other combination because the POST IS GIBBERISH. If you want advice, ask a question with clear information, don't post a load of random ramblings, and then get upset when you get negative remarks. Thankfully this board is not one big love-in like DFW.

myfriendmartin67 wrote: »

I give up trying to explain anymore. The original loan of £1000 was taken out 14 years ago and what banks do then is get you to renew the old loan to consolidate all debts so I haven't actually ever had £17000 or £22000 off the bank in one full sweep to buy a flash car or a deposit for a house as a lot of you obviously think that , they have accumulated bit by bit as Martin makes a point of in one of his pages.

Yes consolidation loans can be good if you stop spending. You didn't buy a flash car, good for you; you may have bought £170000 worth of plastic Chinese tat for all I care. But you have somehow accrued enough debt to consolidate and that's unlikely to be the banks fault is it? They have accumulated bit by bit because you are spending it bit by bit.

Apples2

I feel pity for the OP. So much time devoted typing out so much incomprehensible gibberish we still gave no idea what the problem really is.

Even Niddy's little worker ants are trying to jump in.

Random thought for the op.
If you keep stabbing yourself in the leg with a fork, does it eventually become the forks fault your leg hurts, or yours for using the fork?

dealer_wins

Apples2 wrote: »

I feel pity for the OP. So much time devoted typing out so much incomprehensible gibberish we still gave no idea what the problem really is.

Even Niddy's little worker ants are trying to jump in.

Random thought for the op.
If you keep stabbing yourself in the leg with a fork, does it eventually become the forks fault your leg hurts, or yours for using the fork?

Its the fork makers, steel miner's fault for mining the metal in the first place

Vikipollard

myfriendmartin67 wrote: »

A year away from being debt free as I pay them, I just asked for a little advice as it was 6 years ago when the loan was renewed over a period of 7 yrs but if you care to read my original post about it you might get the point. I wasn't asking how to get out of paying it off just if I had a mis sold case but their are a lot of ignorant people on here who comment on posts without reading them first.

I did read your original post! I just couldnt understand it ... and it certainly LOOKS like you are in a financial hole, given you mention borrowing off your brother and missing both loan payments in February. I never suggested you were trying to avoid paying at all.

I dont know about mis-selling, or how that's viewed if you have spent the money in the interim. I'm staggered though that you managed to get a £22k loan without a significant income given that you had told them you were struggling financially. I know I couldn't get £15k in 2005, and that was with a full time job!

jonesMUFCforever

There is no missale here - just the normal spending more than you earn and struggling to repay.
Part of everyday life.

maginot

myfriendmartin67 wrote: »

I pay my debts and don't need any plans, even though I struggle to pay everything it does get paid. Everything in my post relates to the RBS and this original loan if you read it so it is relevant about the fraud. When I signed up for this forum I thought people gave you the advice you asked for not criticised what you wrote or about the situation it was about. All I wanted was an answer to mis selling or not.

You still haven't made your post clearer!

If all you want is an answer to mis selling rather than help and advice, then the answer is no, there is no mis selling here!

fozmcfc

Looks like the same as what has happened with me over a 12 year or so period.

I got a £2k loan from Natwest, late 90s when it was about a year from finishing, during a conversation about my account, they said we can offer you a loan of up to £5k if you are interested, which would pay off your existing loan and give you extra cash if you need it. I took it, purely cause it was offered.

Then when that was nearing the end in the mid 2000s during a conversation, they said we see your loan is nearing completion, we can offer you £7.5k if you would like it.

I took it, purely cause once again I thought why not more money they want to give me.

A couple of things.

1/ I took them, they wasn't forced on me, I was asked and I just took them because I didn't think hold on why am I just getting into more debt..

2/ I realised in 2009 what an idiot I have been for the past 20 years, living in overdrafts, then taking out loans, I didn't need if I had actually spent less, I wouldn't have been in the mess and I need to change.

Looking at the OP post, that is similar to them. In my case as a responsible adult, I accept it is my fault and no one elses why I ended up with £15k + of debts by December 2008.

Unfortunately the OP seems to want to continue to look elsewhere to blame, rather than face up to the truth.