Loan amount received in error!

TonyMMM

ceecee1 wrote: »

Dishonestly Retaining a Wrongful Credit


Title: Financial crime
Offence: Dishonestly Retaining a Wrongful Credit
Legislation: S.24A Theft Act 1968 (inserted by 2(1) Theft (Amendment) Act 1996

Mode of Trial: Either Way
Statutory Limitations & Maximum Penalty: 10 years imprisonment

Or just straightforward theft if he spends or even moves the money to another account ....( being aware that the money is not his any such action would satisfy the requirement for dishonest appropriation).

I suspect that the money will just disappear again though.

lee111s

Give it back and get on with your life.

iainscomputer

I had a Halifax loan a few years ago that I wanted to pay back very soon, when I took the loan out the sales person said it could be paid back interest free within a month.
They were wrong! It had to be paid back within 2 weeks to be interest free.
Pay back asap & don't pay any interest.

poppasmurf_bewdley

dannywilliams1985 wrote: »

Hi, I recently called my bank and inquired about a personal loan of 25k (on 13/07/2015). This was approved on the phone and I advised the lady that I do not want the money until I have found the car I want to buy. She advised that the money will not be paid to me until I have signed and returned all paperwork and that I had to do this within 30 days. Anyway today I received a payment of 25k from Halifax into my account! I had actually changed my mind about the loan and have not signed any documents whatsoever. What is my legal standing on this? Obviously they can't hold me to the loan or charge interest on the loan as they have no signed paperwork but can they simply take the money back or will I have a case to keep it?
Thanks in advance for any advice on this!

Back in the 1970's, I knew someone called Danny Williams. He had some pretty weird ideas too.

andyfromotley

Spend it!! Quick!!!

Then dash off a Provit Letter.

Changing your name by deed poll will help confuse matters.

If they eventually manage to get hold of you claim misselling/identity theft/that the world is run by a sinister organisation who are responsible.

If they persist try bankruptcy.

If all else fails rob a bank to pay them back - criminality doesn't seem to wobble your moral compass too much so, in for a penny in for a pound!

Good luck. (oh just a wild guess- the legal advice you sought, that wasn't from like a real solicitor was it??)

jonesMUFCforever

All that will happen if OP does not return the money is that after a month a D/D for the monthly repayment will hit his account.
If the D/D is bounced it will show on his credit files and after 3 months will be in default.
Collections will follow shortly afterwards a CCJ.

I hear you say well there is no written contract - well a contract need not be in writing and they will show a court that the funds were sent to OP's account.

Bmth100

https://en.m.wikipedia.org/wiki/Unjust_enrichment