Aktiv kapital.

Sneakyfool

Hi,

I was just reading through the long Aktiv kapital thread and just came to realise I may of done something extremely foolish and I'm wondering if anyone can help.

Basicly this begins many years ago, I had a bank account with HSBC took out a loan, and then another loan to pay off that loan and free up some cash. First loan was for £1000 then 2nd for £3000.

Anyway made repayments for the first year or so after the loan was taken out,then I lost my job of 6 years, couldn't repay the loan as no income going into account, had to move out of my house, moved back with my parents, got a new job moved on with my life, never heard a peep from HSBC, even tho I was extremely worried, not hearing from them eased this worry.

Fast forward a few years to 2007 I get a threatening letter from Aktiv Kapital saying I owed £9000. At this point I was working again, and back on my feet, so I didn't argue it even tho the sum was way more than I ever borrowed, foolishly thought this must be fees ect

Anyhow this so called £9000 debt is now down to about £1500 and I'm paying it off at a rate of £152 a month, just to get rid of it, but after reading the previous Aktiv thread thread I'm a little concerned that I never asked from Proof of my debt or the amount owed and have just given them thousands of pounds that I never actually owed.

So my question is do I have a leg to stand on in terms of finding out what I actually owed, and if so can I get some money back, or at the very least get this £1500 wiped so they don't take that also?

Just in advance if I don't have any recourse I very much appriciate you trying to help me, even if it's just to tell me to suck it up and pay if off. Cheers.

ChrisCostCutter

At the very least call them and ask!

Willing2Learn

Ask for a statement (showing all transactions, payments and fees). Basically a complete breakdown of the account. Make the request in writing.

Sneakyfool

I have a statement from Aktiv which basicly is just a PDF file that has Total £9000 and all my repayments made every month since 2007 and the remaining sum.

I guess what I'm asking in short is, can after paying this for 6 years can I now ask for proof that the £9000 fee was legit, do they have any obligation to provide this, what would count as proof? and If they can't provide such proof, can I cease all remaining payments without the fear of being taken to court etc?

Willing2Learn

Ask to evidence of assignment (I believe it is called a Notice of Assignment, but could be wrong)

VitaK

You should also contact HSBC to confirm the amount owed.