Forged signature on loan agreement

Sim74

takman wrote: »

I don't understand how you can say someone took out the loan without giving you a choice?.

How did they get you bank account details to take the payments if you didn't give it to them?

Why didn't you contact your bank and report the first payment as fraudulent if you genuinely believed you did not take out a loan?

Why didn't you cancel the loan in the 14 day cooling off period?.

Why did you only pay half for the conservatory without arranging any other finance if you didn't want the finance they provided?

Have you now applied for a loan with a lower interest rate?, if not why not ?

I was not involved in any decision over what loan was taken out. It was done by someone at the conservatory company who must have used my bank details which would have been on the original sales contract when purchasing the conservatory.

I thought I would be able to sort out with Barclays the situation as I knew I still had to pay off a loan, but not at the terms that I found it out to be.

The conditions for the sale were that it had to be part cash, part finance. I had a lot of problems with quite a number of issues prior and during the construction of the conservatory which made the whole process extremely stressful and as I was dealing with this on my own, I wasn't thinking straight about what was going on, hence why I'm in this mess now. Plus some bad advice along the way.

I am now looking into taking out a loan to pay this off.

[Deleted User]

Surely when you saw the loan paperwork FOUR YEARS ago, you would have called them to cancel it again if you weren't happy, then taken up the fraud issue separately. You would have then taken a new loan with terms you were happy with.

Did you really think if you just cancelled the loan that the company would just give you a conservatory for 1/2 price?

This whole story sounds like buyers remorse - you could have signed anything on a loan agreement but that doesn't mean you haven't had the money. You've obviously been paying the loan for the last FOUR YEARS, no one who was innocent of applying for a loan would do that.

The fact you made no effort to replace the loan with an alternate one looks very suspicious.

adindas

Sim74 wrote: »

I was not involved in any decision over what loan was taken out. It was done by someone at the conservatory company who must have used my bank details which would have been on the original sales contract when purchasing the conservatory.

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Very interesting and good reading. Very good question from "takman" in post #21

You answer this questions.
1. I don't understand how you can say someone took out the loan without giving you a choice?.

"2. How did they get you bank account details to take the payments if you didn't give it to them?

What about the rest???
3. Why didn't you contact your bank and report the first payment as fraudulent if you genuinely believed you did not take out a loan?

4. Why didn't you cancel the loan in the 14 day cooling off period?.

5. Why did you only pay half for the conservatory without arranging any other finance if you didn't want the finance they provided?

6. Have you now applied for a loan with a lower interest rate?, if not why not ? "

A conservatory company forges the signature to get someone a loan of just a few grands or even just a few hundred quid after all of the cost was taken out ???? Very interesting

The conservatory was completed back in 2013, paid half finance, half cash. This case just came out after it has been payed for about four years. Who on earth is going to pay a loan for four years for the loan you do not recognize and you have not endorsed? If so it might be signed by someone you know but orally instructed and/or endorsed,

Also after hearing the story police even do not want to get involved (another way to say I do not believe a fraud has been committed by the third party).

" I even contacted the police, but they were unable to help either"

The fact that the police who have done interrogation, have spent more time, more information in investigating the case like this do not want to get involved tell the whole story. They will be extremely careful before saying they cannot help as saying that inappropriately might get them to get fired.

The extreme case like this might exist, but there might be some untold story here. Also it is hard to believe if it comes from someone who is creating a new MSE account.

What the conservatory company has got to gain. Significant lost is apparent e.g fraud investigation, and with this sort of crime, there is a high chance leading to out of business just for a few hundred quids ??

Geoff1963

due to unforeseen circumstances

Maybe we should go easy on the OP.

Many decades ago, my grandfather paid cash for a car, then a few months later, was chased for payments on the finance he hadn't taken out. The garage had been staying in business for years, by setting up fake HP for any cars sold as cash ; which worked fine, until they couldn't keep up the payments.

If the OP thought the loan was over only 4 years, the monthly payments would be similar for double the amount borrowed over 10 years. Perhaps the conservatory company did that more often, hence their 1/2 cash rule.