Northern rock loan over £25,000

Hanky_Panky

saveupthesmiles wrote: »

Helpful response HankyPanky. You do realise the thread belongs to those who've 'mis-bought' as you so lovely put it. In keeping with your helpfulness, i thought I'd return the favour - it's YOU'RE when you are talking about you are, it's YOUR when it belongs to you.
*you're right to complain*

Except in this context 'you're' wrong. I'm not saying 'you are right to complain', I'm saying 'it's 'your' right to complain'. :rotfl:

saveupthesmiles

Hanky_Panky wrote: »

Except in this context 'you're' wrong. I'm not saying 'you are right to complain', I'm saying 'it's 'your' right to complain'. :rotfl:

LOL!
Makes no sense then, re read it back.
Your right to complain (something missing here; sense maybe?) but I suspect you are in arrears so actually they have a duty to inform you.

Hanky_Panky

Lippyx wrote: »

Probably mis-bought. Did you or the joint account holder spend the money. Technically "mis-sold" not mis-bought, as the loan was sold to us as being regulated by CCA, and actually it wasn't.
So did you and your partner spend the money or not ? Did the loan agreement not being regulated make any difference to that at all ? Much jumping on the 'mis-sold' bandwagon methinks.

It won't be. Join the list of complainants and wait. What won't be? Won't be with their complaints team... its this sort of attitude that these big companies want their customers to have... "whats the point in complaining..."
It won't be regulated - what material difference does that make to you ?


Why ? Because if they were only licensed to lend upto £25k for the loans to be regulated, and they were lending more, then they have breached their credit licence terms with FSA!
Antrobus answered this for you.

No more complex than any other. And not that obvious either. Fair enough, maybe not that complex, but why should I just sit back and pay off the debt, whilst the "ex" sits back and enjoys what the money went on... the house!! Sorry, but think I am entitled to put up a fight?
It's your debt - that's why you should pay it back. The lender is not responsible for any breakdown in your relationship. You really are not entitled to put up any fight with the lender on this. By all means have that fight with you ex.

Your right to complain but I suspect you are in arrears so actually they have a duty to inform you. I went to court, and it was agreed what my monthly payments were, which are paid on time, in full. Regarding the arrears, they have already confirmed they shouldn't be sending me these letters.
They are obligated to send you these letters. It would be a cause for complaint if they didn't.

After talking to this company on a number of occasions, they don't know whether they are coming or going. Their stories change constantly.

Yes, I understand joint loans are "joint and several" and I am liable for 100% of the debt, and I understand this is a very long and possibly pointless road, BUT at least I can say I tried. And if I am successful, then hopefully it will give other people the confidence to keep on at these big companies, and to not just accept being brushed aside!

Apologies for the delay replying.

NorthernRockVictim

Hanky Panky. I don't think lippyx needs your self opinionated advice. And we certainly could do without negative and demotivating comments. Please find another forum to vent your trash!

Lippyx

NorthernRockVictim wrote: »

Hanky Panky. I don't think lippyx needs your self opinionated advice. And we certainly could do without negative and demotivating comments. Please find another forum to vent your trash!

Thank you!!! In this situation, people need to think positively and not get knocked down at the first hurdle!!
I have come across plenty of hurdles dealing with this issue, and I am not giving up just yet!!


If my posts make people think to them selves "I'm actually going to put up a fight...", then I'm glad I posted them!!


Speaking of which, its been over a week since my last call to NRAM, so I better give them a gentle nudge!!!

Lippyx

And just for you HP:


So did you and your partner spend the money or not ? Did the loan agreement not being regulated make any difference to that at all ? Much jumping on the 'mis-sold' bandwagon methinks. The loan actually went towards the purchase of the house, so YES, the money was spent... on buying the house!!! I am not denying we spent the money, but surely its down to NRAM to make sure they are informing their customer's correctly???

It won't be regulated - what material difference does that make to you ? They sold the loan to me as a REGULATED loan... it states all over the agreement it's regulated but as per the CCA 1974, the loan would only be regulated if it was less than 25k... so it makes a lot of difference!

Antrobus answered this for you. OK, FCA... either way, if they were lending incorrectly, the FCA should be looking into it.

It's your debt - that's why you should pay it back. The lender is not responsible for any breakdown in your relationship. You really are not entitled to put up any fight with the lender on this. By all means have that fight with you ex. Yes agreed it is "my" debt, and yes the lender shouldn't have to deal with the break up... however they should be dealing with their lack of informing their customers about their loan regulations.

They are obligated to send you these letters. It would be a cause for complaint if they didn't. Yes, but as stated before, and as they have also informed me, they SHOULDN'T be sending these letters to me, as they are aware I am paying my agreed amount. They have already apologised about sending the letters, and said they wouldn't send any others, but yet they still do.


I'm not denying the debt is "mine", but put yourself in my shoes... you buy a house, you spend £££'s and time fixing it up, only for your partner to throw you out a year later. You get back on your feet and then 3 yrs later you get a call saying YOU owe this company 28k, because your ex actually spent the equity money on himself, rather than using it to pay off this debt, as agreed.


Yes, maybe I should have dealt with the break up better, and yes, maybe I should have got a solicitor involved, but I was young and naïve, and now I am dealing with the consequences.


He doesn't want to deal with it, he is doing what he has always done, and stuck his head in the sand, whilst living in the house that the money was used to BUY....


Tell me... would you just sit there and say "Oh well, I better just pay back the 28k..."?


I think not!

Hanky_Panky

NorthernRockVictim wrote: »

Hanky Panky. I don't think lippyx needs your self opinionated advice. And we certainly could do without negative and demotivating comments. Please find another forum to vent your trash!

I'll post where I want thanks - it's an open forum.

Lippyx

HP... I'm done with your stupid points. So you're a hero, and you paid off the debt all by your self... maybe you are a little p*ssed off that YOU didn't actually have the balls to look into it, and find a way around the problem...?


To be honest, I don't care that I am "jumping on the band wagon", companies like this should make sure they are informing people correctly, and when they don't, why should they get away with it? they are quick enough to hassle their customer's when they get it wrong!!


It's only because I done my homework, that I found all this info out, otherwise, I would be paying the debt off. If there is an "exit" as such, then I'm not staying in the burning building for the sake of NRAM!!!!!




And FWIW.... Forum etiquette:


Please be sensitive : This may be a web forum, but you're still talking to other human beings. Repeatedly or harshly saying someone's wrong, especially on boards like DebtFreeWannabe, Bankruptcy or Benefits, can lead to upset.

We're proud that many people whose financial problems exacerbate mental health issues seek help in the forum, but this means you may be berating someone who's clinically depressed. Please think twice before posting judgmental comments

saveupthesmiles

Lol Lippyx. You hit the nail on the head. I also wish i was as perfect as HP. A lot to live up to!
I've reported it, i think HP thinks we're trip trapping over their bridge.

Hanky_Panky

Lippyx wrote: »

HP... I'm done with your stupid points. So you're a hero, and you paid off the debt all by your self... maybe you are a little p*ssed off that YOU didn't actually have the balls to look into it, and find a way around the problem...?


To be honest, I don't care that I am "jumping on the band wagon", companies like this should make sure they are informing people correctly, and when they don't, why should they get away with it? they are quick enough to hassle their customer's when they get it wrong!!


It's only because I done my homework, that I found all this info out, otherwise, I would be paying the debt off. If there is an "exit" as such, then I'm not staying in the burning building for the sake of NRAM!!!!!




And FWIW.... Forum etiquette:


Please be sensitive : This may be a web forum, but you're still talking to other human beings. Repeatedly or harshly saying someone's wrong, especially on boards like DebtFreeWannabe, Bankruptcy or Benefits, can lead to upset.

We're proud that many people whose financial problems exacerbate mental health issues seek help in the forum, but this means you may be berating someone who's clinically depressed. Please think twice before posting judgmental comments

I'm not remotely !!!!ed off, I'm actually proud I stood up for myself and sorted out my problem without creating a lot of smoke and mirrors to try and wriggle out of it. I didn't even mention it to try and come across as being holier than you, simply to state that I know exactly what you're going through.