Cca Requests Updates Please

cheekymonkey20

will do that then lol, easier.
Personally the C/C is 99% not gonna turn up, because they will not have a valid signed copy.
But the loan is a touch and go one as it is borderline on the timeline, so i'll just have to see about that one, doubt it will go anywhere but worth a try.

cheekymonkey20

Just found a copy of the CCA that i signed when originally took out the loan; as follows

Fixed - Sum Loan Agreement regulated by the Consumer Credit Act 1974

Parties to the Agreement
The Bank - National Westminster & address
The Customer - Myself & OH Plus Address

1. Key Financial Information
A) Amount and Purpose of loan - £15200
Term - 84 months
C) Total amount Payable - £18,806.76
D) Instalment Repayments - Repayments due at monthly intervals starting one month from the date the Loan is drawn but where you elected at the time of your application to nominate a date in the month as your preferred repayment date we will normally comply with that request or offer you another choice. Details of the repayments are as follows:
84 repayments of £223.89
for the loan described in 1(A) in proportion to the amounts drawn down
E) Annual Percentage Rate 6.4%

2. Other Financial Information
A) Total Charge £3,606.76
Annual Rate of Interest The amount of interest payable is calculated at the beginning of the Agreement and is equivelant to a fixed annual rate of 6.25% over the term

3 Key information
A) Charges on Default (the bank has the right to ament the amounts of the default charges detailed below to reflect any change in the cost incurred bu the Bank in dealing with the default.)
£30 each time a payment due under the agreement is not made on time
£30 when a default notice is issued
for the Banks reasonable expenses in enforcing this agreement. These expenses will include (but not limited to (i) exense of taking steps including court action, to obtain payment (ii) tracing the Customer if the Customer changes address without notice and (iii) communicating with the Customer if the Customer breaks the terms of this agreement.
(B) Right to settle early
The customer has the right to repay the loan before the end of the term by making a single payment calculated under a formula which limits the amount of the Total Charge the Customer Pyas. The amount that the Customer would have to pay if for example the customer wanted to settle when a quarter of the Term had passed would be £12,339.03; if half of the term had passed the amount would be etc. If calculating the amounts shown the assumption is made that all instalment repayments due are paid on time and no default interest of charges are incurred. The amounts shown are accordingly only illustrative and do not take account of future changes to the agreement.

Missing payments
Missing payments could have severe consequenses and make obtaining credit more difficult

Important read this carefully to find out about your rights
The consumer credit act 1974 lays down certain requirements for your protection which should have been completed with when this agreement was made. If they were not, we cannot enforce this agreement without getting a court order.
The act also gives you a number of rights. You can settle this agreement at any time by giving notice in writing and paying of the amount you owe under the agreement which may ne reduced by a rebate. Examples indicated the amount you might have to pay appear in the agreement. It you would like to know more about your rights under the Act, contact either your local Trading Standards Department or your nearest Citizens Advice Bureau.

Your right to cancel

Terms and conditions

Cancellation form

UNCLE_BUCK

Hi all,

Im about to enter into a DMP with 5 cc firms (1st may), but i am very tempted to send off for CCA for two of these accounts, but i think this may jeopordise my DMP. what should i do wait until DMP is set then query or go for it now.?????
thanks

Merlinexcalibur

Question regarding Littlewoods and no consumer licence:

If an old Littlewoods account is already with a dca what affect does the above have on making payments to them? Or is it too late once it's sold?

pebbles88

Hello my lovlies.

could anyone point me in the direction of a template letter for a SAR signature request?? all i can find are ones worded for CCA reqs.

they mention section 7 of the dpa if that helps..

I am not going to obviously send my signature as i refuse to help them forge it onto a cca! :rotfl:

ps, it is Regulatory Risk that have got in touch, and i have also just read that an SAR req must be signed, so i will do so and put 2 cross through it as well.

blueforyou

Well, this comment just shows the delusion that some DCA's are under. This drivel came from Cabot.


As an industry, we must work smarter and harder to secure satisfactory repayment agreements while being empathetic to our customers’ circumstances. This means being flexible with the arrangements we are prepared to make and ensure that the type of action we undertake (for example litigation) is entirely appropriate to each customer’s circumstances.

With debt purchasers in the media spotlight, lenders too are waking up to the importance of protecting their brand and will surely prefer to deal with those purchasers who also have a good reputation (are there any of these in actuality?) and are able to operate in this challenging climate in an ethical and reasonable way. (!!)


Ken Maynard
Group Chief Executive
Cabot Financial Group

Merlinexcalibur

I must remember to watch Watchdog tonight.

debtlady

After a long wait for a CCA, I received this from the DCA. (See also http://forums.moneysavingexpert.com/showthread.html?p=20017823#post20017823)

http://s639.photobucket.com/albums/uu116/debtlady/

Can anyone advise please?

blind-as-a-bat_2

Merlinexcalibur wrote: »

Question regarding Littlewoods and no consumer licence:

If an old Littlewoods account is already with a dca what affect does the above have on making payments to them? Or is it too late once it's sold?

only if it was sold after Jan this year and Littlewoods Finance Company Limited is named as the assignor

its complicated as Litlewoods is made up of many small companies, which are being phased out and being replaced with the Shop direct brand, and it seems to have created a hole a certain DCA has missed;)

So it only applies if it is Littlewoods Finance Company Limited, non of the other littlewoods companies.

But have you sent a CCA, littlewoods where never very good at getting agreements signed, and even when they did they may not have all the prescribed terms and it may only cover certain purchases, not all of them even if it did

Merlinexcalibur

Thanks for replying. Damn. About the January thing. Oh, yes, CCAd quite a time ago now. I won't say what the reply was just in case. Never know who is watching.

Missed Watchdog, well first 20 minutes of it.