Fraud by Southern Pacific Personal Loans, Portfield Financial Services, Acenden, Southern Pacific

Rick_dale

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Southern Pacific Personal Loans Acenden Portfield Southern Pacific Securities & Fraud
Hi this is a very serious post as I am about to lose my house due to fraudulent activity by the above Portfield (brokers) arranged a loan for my late wife and I secured on our home we gave Portfields rep all our DWP benefit information due to my late wife's illness he Said "we would get the interest paid for by the DWP (the money was for Lizzy to have the bungalow sorted for her illness) so we gave him all the benefit details in October 2005 we signed on the dotted line. Straight away bells rand as the DWP only paid a very small part of the interest but we had the money and struggled to make the payments even though I made several complaints to the FOS who said it was unregulated and could do nothing about it.
In 2010 Southern Pacific Personal Loans was sold to Southern Pacific Securities the deal was done through Price Waterhouse Cooper accountants who at the time contacted me to tell me this. I objected and explained there were irregularities in the situation (I have proof and their letter telling me basically tough) so I was sold on like a animal to slaughter to SPS (by the way I asked how much for they won't tell me probably a £1) I then did some due diligence and discovered SPPL had massive liabilities for PPI so Price Waterhouse Cooper after selling the good loans on liquidated SPPL. In 2016 Lizzy was killed by our GP (that is the coroners conclusion not mine) so the benefits that covered the loan stopped I then contacted Acenden as I was as I said never happy since the get go (by the way we have paid back way more than the original advance of £73,000 now some £85,000 but as I have not been able to pay since Lizzy was killed I owe £80,000 with the arrears and stacks of charges from Acenden attached one alone is for £500) In July last year I asked to see my file Acenden did not do it willingly but in the end I got it. Perusing the reams of paper I came across the Portfield application form straight away I knew it was fraudulent as it had me down as earning £45,000 per anum and there was a self certificate typed form also never seen before saying I was earning £45,000 per anum the signatures were clearly neither none or Lizzy's a blind man could see that. The only people to gain obviously is the broker and it is a clear case of fraud I have been again to the FOS but the loan was unregulated so they won't get involved the companies SPPL & Portfield conveniently no longer exist however this is fraud Suffolk Constabulary pointed me to action fraud where you do your report on line so no luck there then as you can't get to talk to anyone my MP Matt Hancock has contacted the FCA they cannot get involved even though at one stage or another they licenced them so the company who bought my fraudulently obtained loan now are in the stages of starting repossession proceedings. If the shoe were on the other foot and I fraudulently obtained the loan and didn't pay it back I would be in prison for fraud as I thought you were not allow to benefit from fraud I have not as I have lost as I have paid the money back plus more unlike the people who bought my fraudulently obtained loan who are clearly benefiting from the fraud. Sorry it was so long winded but does anyone know what I can do ?

DCFC79

I'll say it now so you can get a chance to adjust it.
Put some paragraphs in please, easier to read and you will get more help that way.

cajef

DCFC79 wrote: »

I'll say it now so you can get a chance to adjust it.
Put some paragraphs in please, easier to read and you will get more help that way.

Agreed, difficult to make any sense out of that wall of text.

sourcrates

Rick_dale wrote: »

Preview
Southern Pacific Personal Loans Acenden Portfield Southern Pacific Securities & Fraud
Hi this is a very serious post as I am about to lose my house due to fraudulent activity by the above Portfield (brokers) arranged a loan for my late wife and I secured on our home we gave Portfields rep all our DWP benefit information due to my late wife's illness he Said "we would get the interest paid for by the DWP (the money was for Lizzy to have the bungalow sorted for her illness) so we gave him all the benefit details in October 2005 we signed on the dotted line.



Straight away bells rand as the DWP only paid a very small part of the interest but we had the money and struggled to make the payments even though I made several complaints to the FOS who said it was unregulated and could do nothing about it.


In 2010 Southern Pacific Personal Loans was sold to Southern Pacific Securities the deal was done through Price Waterhouse Cooper accountants who at the time contacted me to tell me this. I objected and explained there were irregularities in the situation (I have proof and their letter telling me basically tough) so I was sold on like a animal to slaughter to SPS (by the way I asked how much for they won't tell me probably a £1).


I then did some due diligence and discovered SPPL had massive liabilities for PPI so Price Waterhouse Cooper after selling the good loans on liquidated SPPL. In 2016 Lizzy was killed by our GP (that is the coroners conclusion not mine) so the benefits that covered the loan stopped I then contacted Acenden as I was as I said never happy since the get go (by the way we have paid back way more than the original advance of £73,000 now some £85,000 but as I have not been able to pay since Lizzy was killed I owe £80,000 with the arrears and stacks of charges from Acenden attached one alone is for £500).



In July last year I asked to see my file Acenden did not do it willingly but in the end I got it. Perusing the reams of paper I came across the Portfield application form straight away I knew it was fraudulent as it had me down as earning £45,000 per anum and there was a self certificate typed form also never seen before saying I was earning £45,000 per anum the signatures were clearly neither none or Lizzy's a blind man could see that.



The only people to gain obviously is the broker and it is a clear case of fraud I have been again to the FOS but the loan was unregulated so they won't get involved the companies SPPL & Portfield conveniently no longer exist however this is fraud Suffolk Constabulary pointed me to action fraud where you do your report on line so no luck there then as you can't get to talk to anyone my MP Matt Hancock has contacted the FCA they cannot get involved even though at one stage or another they licenced them so the company who bought my fraudulently obtained loan now are in the stages of starting repossession proceedings.



If the shoe were on the other foot and I fraudulently obtained the loan and didn't pay it back I would be in prison for fraud as I thought you were not allow to benefit from fraud I have not as I have lost as I have paid the money back plus more unlike the people who bought my fraudulently obtained loan who are clearly benefiting from the fraud. Sorry it was so long winded but does anyone know what I can do ?

there you go......

John_G_Jones

What do you mean what you can do? You got a loan that maybe you shouldn’t have, but that was your choice, and presumably used the money to make yours and your partner’s life much more pleasant than it otherwise should have been.

Ther other side of that deal is that you have to pay it back as agreed. Have the company reneged on their side of the deal at any point? If not your complaint is that they broke their own rules to find a way to give you what you asked for. This is foolish by them, as your payment problems show, but it’s not grounds to stop paying.

If you are at risk of repossession then selling the home yourself could be a better idea, but if it’s got to that stage you must take proper legal,advice and not rely on sites like this one.

Anyway, that said, what fraud have the company committed, and what is the exact situation today?