Consolidation loans - Mis-selling

petermb_2

jonesMUFCforever wrote: »

Well to each his own I suppose - I prefer to see evidence before getting people's hopes up based on just a few words in a public forum.

If only you could point to one case he has ''supported'' and something has come about because of it.
I post and read these boards on a regular basis and as far as I can see nothing ever comes of his posts.

I use evidence. Everything is based on appeal court decisions and Queens Counsel Opinion. It is called law. I have said many times before, the knowledge base I use is second to none and from people who would be considered to be industry experts.

I try to assist but cannot advertise the service I offer as this is not the policy of this site.

petermb_2

Scousebird wrote: »

How can a bank be penalised for doing something you signed to do-I bet you weren't argueing when the funds were placed into your account-you have chosen to do debt consolodation which is exactly what I did-and I know that I did that to reduce my outgoings and pay off my debts to have one committment and one only-how can any bank be blamed for me making this decision-all they did was supported me in my enquiry. Amazing how some people think!

Spoken like a true employee of the lenders.
The lenders have responsibilities to the law and to the client. Sadly they have fallen short in so many areas and will now have to pay the price.

bartsimpson

petermb wrote: »

Spoken like a true employee of the lenders.
The lenders have responsibilities to the law and to the client. Sadly they have fallen short in so many areas and will now have to pay the price.

I got ripped off because I bought a plasma tv from currys for £1000 because i saw one of their flashy adverts, then I found out that currys only paid their supplier £500 for it.

Can you help me reclaim the £500 please?

bartsimpson

validata wrote: »

Interesting analogy but rather missing the point.

Imagine how you would feel if Curry's advertised the plasma TV for £500 but charged you £1000 - ripped off now?

I wouldn't hand over any money to curry's until they told me exactly how much the plasma cost. As soon as they said £1000 I would have said 'no thanks'

If I had said 'ok then, here's £1000', then it's my own stupidity for being ripped off.

If you've made your own bed, then lie in it...

neverdespairgirl

petermb wrote: »

I use evidence. Everything is based on appeal court decisions and Queens Counsel Opinion. It is called law.

Court of Appeal decisions and Queen's Counsel Opinions, surely? The latter is as it says, an opinion, not law.

petermb_2

Appeal court decisions create law. QC's give opinions on those appeal court decisions. That is my understanding.

neverdespairgirl

petermb wrote: »

Appeal court decisions create law. QC's give opinions on those appeal court decisions. That is my understanding.

It's Court of Appeal, rather than Appeal Court. It doesn't have to be that high up to create a precedent, though - High Court cases, Asylum and Immigration Tribunal cases, Crown Court, Employment Appeal Tribunal, they can all be used as a precedent, among many others.

QCs don't just give opinions on Court of Appeal cases. Barristers in general advise all the time on the law, where there might or might not be relevant case law. Or there might be tagentally relevant law, or something that can be referred to in another area of law.

petermb_2

Can we stick to assiting those that need help.
Court of appeal.............Appeal courts what is the difference.
we should direct our attentions to the lenders and the issues....not who knows the correct term for a court of law.

Tiddler_2

If the unsecured credit is consolidated into a regulated mortgage, then the mortgage adviser HAS to explain that the debt would be secured and that should you not keep up payments you could lose your home, along with explaining that if it is taken over a longer period of time then you'll pay more interest.

If it is a secured loan, then they are not regulated under the FSA, and so you are not given advice, and you are at the mercy of the loan brokers as they do not even have to offer you the best rate. Some companies will often offer you the highest rate they can get away with.

Therefore I would doubt if you could claim mis-selling but Peter may have more detailled knowledge on this!!