bank won't agree how much loan is for.

Bookman0105

Hi
I have a loan dating back to 2006.
nat west say it was fro 22000 or thereabouts. The loan agreement is missing. A bank statement from when the loan was taken out shows I was paid £9400 but does not show the 22000 that Nate west say I owe.
The loan has been under disputed since 2009 and is uninforceable.
Any ideas on how to get nat west to accept how much they lent me?
They just keep sending statements for 22000.
At some point I will want to either try and settle my debts or possibly consider a iva, however with the bank refusing to agree how much the loan was for I am. Stuc.
Any ideas would be great.

dealer_wins

Maybe it was for £22000, but some of the money was used to refinance an existing debt, hence you received £9400.00.

And it sounds very much enforceable to me lol

~Beanie~

Maybe the difference between the £9400 that you say you received and the £22,000 that they say you owe is interest and charges applied since you stopped paying.

Do the statements breakdown what the £22,000 consists of?

meer53

If you've not paid anything since 2009, the amount outstanding will probably be higher than the amount you borrowed. Natwest will know the original amount, just ask them. If the statement shows £22000, it should show additional charges added each year. What do you mean by under dispute ?

happy_bunny_2

Bookman0105 wrote: »

Hi
I have a loan dating back to 2006.
nat west say it was fro 22000 or thereabouts. The loan agreement is missing. A bank statement from when the loan was taken out shows I was paid £9400 but does not show the 22000 that Nate west say I owe.
The loan has been under disputed since 2009 and is uninforceable.
Any ideas on how to get nat west to accept how much they lent me?
They just keep sending statements for 22000.
At some point I will want to either try and settle my debts or possibly consider a iva, however with the bank refusing to agree how much the loan was for I am. Stuc.
Any ideas would be great.

I guess it's disputed as they couldn't fulfil a CCA request in 2009?

You could send a SAR and see what comes back.

HB

Thrugelmir

Bookman0105 wrote: »

The loan has been under disputed since 2009 and is uninforceable.

This year it will become statute barred then.

The_Debt_Doctor

Thrugelmir wrote: »

This year it will become statute barred then.

Only if they have failed to establish contact over the last 6 years. I'm afraid you definitely owe the 22k, and it would be irresponsible for you to neglect making an effort to pay up.

Thrugelmir

The_Debt_Doctor wrote: »

Only if they have failed to establish contact over the last 6 years. I'm afraid you definitely owe the 22k, and it would be irresponsible for you to neglect making an effort to pay up.

OP says unenforcable. If so, nothing to be gained by lender using legal channels. Impasse will continue.

Gentoo365

Can you pay back the £9,400?

Because if they only have proof of that (and no loan agreement showing the interest rate) then surely you can write to them offering £9,400 as a full settlement. On the basis that there is only evidence of that amount. You may want legal assistance on the exact wording of the letter, to ensure that it really does mean the end of the matter.

Look into the whole statute barred thing though, as there is no point offering to pay even £9,400 if you are not legally obliged to do so.

PaulW922

I think there is some misunderstanding about disputes and what creditors can do in such circumstances. You can dispute a debt but once the lender has answered your queries it isn't possible to just go on disputing the debt because you don't like what the reply is, and thus avoid paying. Otherwise we could all dispute all of our debts and never pay anything back. I doubt very much that this debt is currently unenforceable.