downhiller wrote: »
£30k unsecured loan here as part of a together mortgage. All the papers also say it's covered by the CCA 1974. Almost £8k (gulp) in interest on this loan in the last 5 years!
rmart wrote: »
I have emailed NR as stated on their web site [EMAIL="email@example.com"][email protected][/EMAIL]
This is my email :
My loan was taken in 2006 for more than £25,000 and I was informed that my loan is covered by the 1974 CCA.This is also clearly stated on my loan documents.
Please could you inform me of my position.
I would advise that all with a loan over £25k do the same
Chrisb80 wrote: »
Hi everyone, I'm in the same position -£27k loan in 2005 as part of together mortgage, signed by both NR and myself. Paperwork clearly states subject to CCA 1997. I have not contacted NRAM yet as wanted to wait to see if I got a letter first, but nothing so far. Not sure where we all stand to be honest. If they do not treat our loans the same as the <£25k customers on the basis that our loans could never have been CCA protected and admit yet another mistake, what happens now?
I certainly would not have entered into an agreement for an unregulated/unprotected loan, would you? And what happens moving forward as things may be ok now but what if you need to rely on the protection in the future? What a mess!!
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