We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Please Help reclaim advice
powder74
Posts: 1 Newbie
Hi & thanks for reading.
I have been aware for some time that you can claim back ppi, but one of my friends has advised me that i might be able to claim back secured loan charges?
about 15 years ago i took out a secured loan through swift advances plc of around 17k to consolidate outstanding debts & carry out some essential maintenance of the house, i had paid them with out fail for around 2 years until my partner became pregnant & was forced to give up work due to illness. I fell behind with payments even though i was paying something towards the loan but the charges kept on mounting up approx 2 years after swift took out a repossession order on the house but i managed to postpone it & put the house on the market & a few weeks later the house had sold & it came to getting a final settlement figure from swift....
I had spoken to the them & they gave me a verbal figure of about 32k..ok lesson learned but when i actually got it in writing it was just over £44k there was nearly 10k of late payment charges & fee's for being in arrears plus it seemed every other charge they could think of!
Now my question to you is would i be able to claim any of this back as it was such a long time ago approx 10 years from settlement, i have no paperwork to support this claim just some horrific memories of some very bad times & if i could claim how would i got about it?
again thanks for your time in reading this & maybe offering some advice
A.
I have been aware for some time that you can claim back ppi, but one of my friends has advised me that i might be able to claim back secured loan charges?
about 15 years ago i took out a secured loan through swift advances plc of around 17k to consolidate outstanding debts & carry out some essential maintenance of the house, i had paid them with out fail for around 2 years until my partner became pregnant & was forced to give up work due to illness. I fell behind with payments even though i was paying something towards the loan but the charges kept on mounting up approx 2 years after swift took out a repossession order on the house but i managed to postpone it & put the house on the market & a few weeks later the house had sold & it came to getting a final settlement figure from swift....
I had spoken to the them & they gave me a verbal figure of about 32k..ok lesson learned but when i actually got it in writing it was just over £44k there was nearly 10k of late payment charges & fee's for being in arrears plus it seemed every other charge they could think of!
Now my question to you is would i be able to claim any of this back as it was such a long time ago approx 10 years from settlement, i have no paperwork to support this claim just some horrific memories of some very bad times & if i could claim how would i got about it?
again thanks for your time in reading this & maybe offering some advice
A.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards