Secured Loan/Elderbridge Ltd - Advice Needed Please!

bulldogforever

The very wonderfull Amersall is very right.
I would add one note that they Elderbridge are getting a bit rough with it and comeing after people>>
Amersall you might remember me as Shafted from the old FPC site, after many years they are comeing after me well actually I am looking forward to getting it sorted one way or the other.

amersall

bulldogforever wrote: »

The very wonderfull Amersall is very right.
I would add one note that they Elderbridge are getting a bit rough with it and comeing after people>>
Amersall you might remember me as Shafted from the old FPC site, after many years they are comeing after me well actually I am looking forward to getting it sorted one way or the other.

Of course I remember you Are you on FPC on Facebook?.

amersall

Heatherclark wrote: »

hi

Also for some customers FP/Elderbridge will provide statements showing 'balance' but have an 'account' that they put the accruing interest into. When the balance reads zero the accured interest is transferred to balance. Then the process starts again!

Hi, that is why we don't have a dog in hells chance of repaying these loans, with the "We can raise our rates whenever we feel like it" as in the terms and conditions.
Most can expect to repay these loans with the rate rising, just
"because the CEO has fart*d", to the term end, the bitter end for most.

bulldogforever

yep I will be updating shortly

Heatherclark

hi

I have a spreadsheet supplied to FOS then supplied to us (we were not meant to have it) showing when the loan will finish. At the moment it is still on track with their predictions but we are waiting for the bombshell.

KKrysa

Hi,

I was wondering if anyone could help.

My father recently passed away and Elderbridge have contacted us with a debt of £10,000 and have claimed its a joint account between my father and my mother. My mother has never payed this company but my father has, since he's passed all his debts have been cleared expect this one.

I was wondering if anyone knows if we have to pay a joint debt if one of the joint account holders has passed? Elderbridge aren't being helpful and we don't know what to do as we've never heard of them!

Regards,

Katarina Kryza

sourcrates

KKrysa wrote: »

Hi,

I was wondering if anyone could help.

My father recently passed away and Elderbridge have contacted us with a debt of £10,000 and have claimed its a joint account between my father and my mother. My mother has never payed this company but my father has, since he's passed all his debts have been cleared expect this one.

I was wondering if anyone knows if we have to pay a joint debt if one of the joint account holders has passed? Elderbridge aren't being helpful and we don't know what to do as we've never heard of them!

Regards,

Katarina Kryza

Hi,


Sorry for your loss, it can be difficult dealing with financial matters under such circumstances.


You need to find out if this company are telling the truth or not, to do this, you need to request a copy of the original loan agreement (unless your mother already has one ?) the agreement will list the parties to the agreement, if it was a joint loan, both your parents will be named on it.


I note from the Elderbridge website they buy loans from other companies so they will need to go back to the original creditor for the information.


Do you know if the loan is a secured, or unsecured loan ?

TCT1953

Hi Everyone, I have only just joined this forum after coming across this thread. I also have a loan with this company which I would appreciate some advice. Like some of the other posters on this thread I had a loan that I initially took out with First Plus which was later bought by Elderbridge. My loan was a consolidation loan and is secured against my property. This loan started in July 2007 and is for approx. 16 years. I have regularly paid on time so I am not in default and I am able to meet the monthly payments without any problem. My question is in the 11 years I have been paying this loan I have never received a statement. I think I have seen somewhere else that under the consumer Credit Act that the creditor must provide statements at least once a year or else they will be in default of this act and cannot enforce interest payments whilst in default. As stated my payments are up to date but if FP/Elderbridge are in breach of this act I am wondering if I can reclaim any of the payments made or reduce my existing balance (this may be wishful thinking I know). Anybody with legal knowledge of this act have any comments. Any advice would be much welcome. Thanks in advance

Ksmith1212

Be very careful when dealing with Elderbridge. They are the most unscrupulous company. We have had the most worst experience with them and I wouldn’t wish them on anyone. Hope you get sorted