Is This A Serious Error On My Credit Agreement ???

gb12345

bozobro0 wrote: »

So I take it that if most people find a issue with an agreement , they just ignore it and carry on paying there monthly payment. So why all the fuss over miss sold ppi , as you say you signed for it at the end of the day , we should just ignore the miss selling and carry on !!!!

Yes I would because IF the agreement was found to be invalid then the likely action would be to put both parties back the position they were in had it not existed - which could quite possibly mean that you would be paying them back (depending on how long the loan existed).

But the fact is there doesn't appear to be an issue with your agreement - unless you are not giving us the full story.

Tiddlywinks

bozobro0 wrote: »

So I take it that if most people find a issue with an agreement , they just ignore it and carry on paying there monthly payment. So why all the fuss over miss sold ppi , as you say you signed for it at the end of the day , we should just ignore the miss selling and carry on !!!!

There is a BIG difference between finding you have been mis-sold PPI (which incidentally you still haven't proved) and then trying to use a technicality to actually get out of the loan agreement as well... you know, the loan that paid for your home improvements.

How is that right? To sit with your lovely new windows (or whatever) and then refuse to pay for them.

bozobro0

Tiddles , you are presuming that the loan is not paid in full , try asking before presuming !!!

Apples2

bozobro0 wrote: »

Tiddles , you are presuming that the loan is not paid in full , try asking before presuming !!!

So this is all a moot point then? Unless you are looking to get all your repayments back.

Nobody is trying to be deliberately confrontational but you haven't explained why the PPI was mis-sold or why there you have a problem with the whole agreement (as you have repaid it all in acccordance with the deal you took).

_Andy_

I like turtles.

roonaldo

bozobro0 wrote: »

Somebody pointed me to section 56 of the CCA , have a look and we what your interpretation of it is.

Safestyle did have a consumer credit licence (they were FSA regulated for a short time for goodness sake), so there is nothing wrong with your credit agreement, bar the PPI on it, that doesnt invalidate the agreement. You are looking for a loop hole that doesnt exist.

I have said it was miss sold as that is what the FSA told me.

lets be honest here, the FSA didnt tell you this, they dont look at consumer complaints.

As I said before , if there was no wrongdoing , why have the OFT told me to make a formal complaint to them.

As complaints need investigating.

Again and as numerous people have said, the loan is fine, perhaps the PPI is not.

bozobro0

No I am looking at the law that governs financial agreements. The FSA did tell me that it was a case of miss selling , the FOS asked me to send in a copy of my agreement , as they are going to investigate . The FSA looked at the company while I was speaking to them and told me they were not regulated to sell ppi. They may have been before , but not then .
The OFT also said that for them to sell ppi while not being regulated is illegal .
Agreement signed of as fine by loan provider although there agent was in the wrong and committed an illegal act.
As the FSO said , why is a company dealing with a unregulated seller of ppi.
The agreement is covered by the consumer credit act, but sections of that also cover wrongful acts on a agreement .
Alls I can say is thanks for every bit of your advice , some of which has a tone of arrogance about it, and I'll let you all know what the FOS come back to me with. Cheers Bozobro0

Tiddlywinks

bozobro0 wrote: »

No I am looking at what the law that governs financial agreements. The FSA did tell me that it was a case of miss selling , the FOS asked me to send in a copy of my agreement , as they are going to investigate . The FSA looked at the company while I was speaking to them and told me they were not regulated to sell ppi. They may have been before , but not then .
The OFT also said that for them to sell ppi while not being regulated is illegal .
Agreement signed of as fine by loan provider although there agent was in the wrong and committed an illegal act.
As the FSO said , why is a company dealing with a unregulated seller of ppi.
The agreement is covered by the consumer credit agreement , but sections of that also cover wrongful acts on a agreement .
Alls I can say is thanks for every bit of your advice , some of which has a tone of arrogance about it, and I'll let you all know what the FOS come back to me with. Cheers Bozobro0

What are you actually hoping to achieve exactly?

bozobro0

What is wrong with possibly finding an error and then investigating it ??
Welcome have been proved to be in the wrong over ppi , so while trying to sort mine out I find another possible wrong doing. What do I do , leave it or look into it ,seek advice from the governing bodies and take what they say as the right advice. If my agreement was miss sold , why shouldn't I see what my options are.

opinions4u

bozobro0 wrote: »

No I am looking at the law that governs financial agreements. The FSA did tell me that it was a case of miss selling , the FOS asked me to send in a copy of my agreement , as they are going to investigate . The FSA looked at the company while I was speaking to them and told me they were not regulated to sell ppi. They may have been before , but not then .
The OFT also said that for them to sell ppi while not being regulated is illegal .
Agreement signed of as fine by loan provider although there agent was in the wrong and committed an illegal act.
As the FSO said , why is a company dealing with a unregulated seller of ppi.
The agreement is covered by the consumer credit act, but sections of that also cover wrongful acts on a agreement .
Alls I can say is thanks for every bit of your advice , some of which has a tone of arrogance about it, and I'll let you all know what the FOS come back to me with. Cheers Bozobro0

As you've spoken to just about every financial services regulatory body that there is, what do you expect to find out here?