elderbridge.... i need help

Mr_Meggo

Cajef. Is it illegal or forbidden to do that?

cajef

No, but what is the point in raising a nearly twelve month old thread and replying to someone that has never been back on the forums.

Mr_Meggo

What’s the point in questioning it? Like you disapprove or something?

cajef

What point are you trying to prove? 
I don't have to give you an explanation these are open forums and anyone can post what they like providing it is allowed by the MSE team.

Mr_Meggo

Exactly what the poster did that you were asking for an explanation from. 

cajef

Ah! I seen now according to you I am not allowed ask for an explanation exactly the thing you are asking me to do.

Mr_Meggo

You obviously fail to see the irony of you asking the other poster for an explanation and then stating that you don’t need to give an explanation as these are open forums and anyone can post within the rules. I merely point this out. Not interested in your reasons.

fwor

I don't see any issue in Amy77 reviving a thread that's a year old. Ok, the original poster may have lost interest in the subject, but it's still possible that others will find the thread via an Internet search and find Amy77's info useful.

The point I was trying to make to Amy77 is that they should not (from what I can see) be basing their complaint on "mis-selling" because, as described, it was not mis-sold. The complaint should be about the administration of the loan after it was sold.

bulldogforever

cajef said:

amy77 said:

the_fitter said:

I took a loan out with Barclays in 2006 for 45k over a 17 year period so it finished at the same time as my mortgage. in 2016 my loan was ' moved' to Elderbridge. I assumed this was part of Barclays, received letter from elder bridge stating that i did not need to do anything at all and my payments would remain the same. And so they did. i have just over 3 years and 4 months left on the loan, paying £377 a month. I asked for a settlement figure which came back as 20k! How can this be right? and what can i do? the loan was secured with Barclays on my property so are they allowed to 'sell' a loan off without my permission and still have it secured on my property? And where do i stand with the settlement figure? I signed nothing with Elderbridge so how can they control the loan? all these questions and many more. Is there anybody who can advise me the next steps to take please.

I am just copying my post on another website for you, but you have been wronged - please see below! - I am not able to post links as I am too new! but if you want them I can message them to you - let me know.

Why are you replying to someone that posted this nearly twelve months ago and  has never been back on these forums since?

why would anyone ever post something on here and never come back?
its not like you get criticized for trying to be informative and helpful or that anyone ever talks down to you on here

[Deleted User]

bulldogforever said:

cajef said:

amy77 said:

the_fitter said:

I took a loan out with Barclays in 2006 for 45k over a 17 year period so it finished at the same time as my mortgage. in 2016 my loan was ' moved' to Elderbridge. I assumed this was part of Barclays, received letter from elder bridge stating that i did not need to do anything at all and my payments would remain the same. And so they did. i have just over 3 years and 4 months left on the loan, paying £377 a month. I asked for a settlement figure which came back as 20k! How can this be right? and what can i do? the loan was secured with Barclays on my property so are they allowed to 'sell' a loan off without my permission and still have it secured on my property? And where do i stand with the settlement figure? I signed nothing with Elderbridge so how can they control the loan? all these questions and many more. Is there anybody who can advise me the next steps to take please.

I am just copying my post on another website for you, but you have been wronged - please see below! - I am not able to post links as I am too new! but if you want them I can message them to you - let me know.

Why are you replying to someone that posted this nearly twelve months ago and  has never been back on these forums since?

why would anyone ever post something on here and never come back?
its not like you get criticized for trying to be informative and helpful or that anyone ever talks down to you on here

Loads of people do, you can find hundreds of examples of people posting once or twice then never coming back (you can see their last logged in date on their profile) - either they got the answer, didn't get an answer they liked (which they may see as being talked down to). The problem is that people come asking for financial advice, but what they want is someone to tell them that the world is fair and sunshine and lollypops and all they need to do is use a magic word and all their debts vanish and someone being factual, but blunt, is somehow painted as the bad guy for not going along with their confirmation bias.

With cases like this someone comes along with some sort of plan and searches for all mentions of say Elderbridge and bumps the posts up to say whatever they are trying to say. Mr_Meggo for example obviously has an issue with FirstPlus/Elderbridge as you can see from his post history, he first posted in 2009 and posted about once a year to 2013 then stopped posting until January this year when presumably their complaint against the lending process had some positive outcome so came to tell others. That said, his post implies that the FOS will rule against the lender, then clarifies that the FOS have agreed merely to look at the complaint so I wouldn't assume a refund or recalculation is going to happen.