Unenforceable loan agreements

Wobbers

Thanks R0bert Sterling.

Your input is very interesting.

I see having an opinion will just get me abused.

Thanks

Wobbly

Wutang_2

Wobbers wrote: »

Just something to think about Still feel guilty?

Guilty about what?

CHR15

Wutang wrote: »

Guilty about what?

There is a whole group of these crackpots who claim money is non existent.
They claim they do not have to contribute, no taxes, no payments for anything.

They do pop up from time to time.

A bit like Gypsies and Caravanner's... but more annoying.

Wobbers

Hi Wutang,

I was referring to the "morals" or feeling of guilt if you challenge an agreement , which has been running through the thread.

It was my way of saying to those people that all is not as it seems behind the big Corporations.

Thats All!

Didn't want to upset anyone ;(

CHR15

Freeman on the Land !!

That's the one... think David Icke and you will get the idea.

Don't click this link unless you are seriously bored and have lots of time on your hands

http://www.fmotl.com/


Quote from ScepticWicki

The term Freeman On The Land, often abbreviated as FOTL or FMOTL, refers to a set of frivolous legal arguments by which, supposedly, you can prove that you are not liable for any debts that you owe. This overlaps to a considerable extent with the Tax Protestor movement; however, an adherent of FOTL considers himself not only exempt from taxation, but also from other due debts such as paying his phone bill or his mortgage.

Bunch of idiots.

_Andy_

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Wobbers

Thanks for the FMOTL link. Never seen it before.

I was just studying the Banking system for a few months, found it interesting. That's all.

Why would you automatically think I was a Freeman??? Also, why do you hate them so much?????

iolanthe07

It's a shame that you spell the word 'principle' incorrectly. In the context you are using it, it should be 'principal'. This doesn't give me much confidence in trusting your expertise.

gumbi

Guys,

I have a question that I'm trying get answered but all I can find on the web is people ofering to make a loan unenforceable!

Long story short:

• Had a loan with Picture got PPI back from eventually
• Remembered that this loan was actually a top up and am now looking for compensation for PPI on original loan

That's fairly straightforward.....The complex bit is at follows:

The top up loan included a chunk to pay off the original loan INCLUDING THE PPI that is very likely to be have missold in the same way as the one I've already had back.

This means that the amount of the top up was artificially inflated by the amount of the PPI making the loan amount wrong along with all the capital and interest repayments to date.

This must make the current loan agreement I have invalid surely!?

My concern is that I probably have a loan secured on my property that is goverened by terms that are very likely useless and this makes me nervous:eek:
What makes this even worse is that Picture went out buisness and I whilst I know that Target are administrating the loan I have no idea who owns the debt and as a result the charge on my property:eek::eek:
If the loan agreemnet is invalid I would normally have got in touch with the issuing company and spoken to them about re-drafting the agreement to make sure everyone is covered but with Picture out of the picture;) who do I talk to??

I've spoken with The FSCS who can only look at compensating the PPI, The FOS can only look at companies still trading and the FSA don't know where I stand.

I'm not looking to make this unenforcable as the money was lent and spent in good faith, but at the same timeI don't want someone turning up on my front door saying the loan agreement is invalid and they want their mony now!!:eek::eek::eek:

Does anyone know where I stand on this or point me in the right direction .

simon_the_poet

iolanthe07 wrote: »

It's a shame that you spell the word 'principle' incorrectly. In the context you are using it, it should be 'principal'. This doesn't give me much confidence in trusting your expertise.

Hi
As a long standing dislexyic i take eccepton to this. Your right about the op the what a bunch of winkers

Simon