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Legal Advice
My loan company have recently accepted liability for changing my payment date without my authorisation. This lead to escalating into missed payments, false arrears and generally a big mess on my credit file. To get to this stage has taken 8 months. Am I right to consider them in breach of contract ? 🤔 what are my options ? They are offering compensation and to correct my credit file but at a time when I am looking to apply for a car loan this is causing a lot of stress and delay.
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Comments
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Angry_Kev said:My loan company have recently accepted liability for changing my payment date without my authorisation. This lead to escalating into missed payments, false arrears and generally a big mess on my credit file. To get to this stage has taken 8 months. Am I right to consider them in breach of contract ? 🤔 what are my options ? They are offering compensation and to correct my credit file but at a time when I am looking to apply for a car loan this is causing a lot of stress and delay.
I'm not sure what you expect though. If they've offered you compensation and to correct the errors on your file that's pretty much as good as it's going to get.
With all due respect if you're complaining that this is causing "a lot of stress and delay" you should accept their offer, lest this drag on and cause you more stress and delay.5 -
ThisnotThat said:Angry_Kev said:My loan company have recently accepted liability for changing my payment date without my authorisation. This lead to escalating into missed payments, false arrears and generally a big mess on my credit file. To get to this stage has taken 8 months. Am I right to consider them in breach of contract ? 🤔 what are my options ? They are offering compensation and to correct my credit file but at a time when I am looking to apply for a car loan this is causing a lot of stress and delay.
I'm not sure what you expect though. If they've offered you compensation and to correct the errors on your file that's pretty much as good as it's going to get.
With all due respect if you're complaining that this is causing "a lot of stress and delay" you should accept their offer, lest this drag on and cause you more stress and delay.0 -
Angry_Kev said:ThisnotThat said:Angry_Kev said:My loan company have recently accepted liability for changing my payment date without my authorisation. This lead to escalating into missed payments, false arrears and generally a big mess on my credit file. To get to this stage has taken 8 months. Am I right to consider them in breach of contract ? 🤔 what are my options ? They are offering compensation and to correct my credit file but at a time when I am looking to apply for a car loan this is causing a lot of stress and delay.
I'm not sure what you expect though. If they've offered you compensation and to correct the errors on your file that's pretty much as good as it's going to get.
With all due respect if you're complaining that this is causing "a lot of stress and delay" you should accept their offer, lest this drag on and cause you more stress and delay.1 -
If by "breach of contract" you are in any way, shape or form, thinking you can get out of the debt, then no. If you aren't then great, accept the compensation and move on with a clear history. Don't take car finance out and buy a cheap one for cash and run it into the ground5
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Angry_Kev said:I understand all that 💯 but I am so frustrated by the time it has taken and the stress caused.1
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