Uneneforceable & Voidable loans

homer_j_3

sorry Adam, I missed your post. Was the deals you had the part mortgage part loan deal. If it was then it sounds like you may have a claim.

scoggs

Hi all,

How would I go about getting a SAR? Is there a template letter any where?

I have had lots of loans in the past:

3 from Barclays all with PPI (about 14 years ago) upto £5000
Secured loan £15000 (First National) with PPI about 7 years ago
Egg loans £5000 5 years ago

Do you think any of these would be claimable?

Thanks

sparky0107

scoggs wrote: »

Hi all,

How would I go about getting a SAR? Is there a template letter any where?

I have had lots of loans in the past:

3 from Barclays all with PPI (about 14 years ago) upto £5000
Secured loan £15000 (First National) with PPI about 7 years ago
Egg loans £5000 5 years ago

Do you think any of these would be claimable?

Thanks

Hiya,
try looking on the PPI reclaim discussion thread, page 21, there's a letter by Laini in that post, it's an excellent template.
HTH

sparky0107

Hi homer_j,
Over the last few years we've had car loans from Ford Credit, if we wanted the SAR/CCA for all the cars do we just send in 1 letter request & £10 cheque
Thanks in advance

homer_j_3

A SAR relates to ALL your information held by the company which you request it from. So if you have had 3 loans from the same company then a £10 request with your 3 acccount numbers should be sufficient to get the details for all of those accounts.

Absolut_Wench

I may be barking up the wrong tree here, but I shall post my info then seek advice.

My parents took out a secured loan with Endeavour in July 2004. The loan amount was £40K, and its purpose was to consolidate existing borrowing. The loan was taken over 7.5 years.

I have submitted a SAR, and am awaiting a reply.

I have managed to find some paperwork, and was horrified to see the loan was front-loaded with £6200 of PPI. My focus was on a PPI reclaim, as my father was the only insured party, and the PPI would only cover for the first five years - and the PPI was probably invalid as he has pre-existing conditions. I understand they were told "no PPI - no loan". Until I get the tapes of the phone conversations I can't be 100% sure if it was definitely mis-sold.

The copy of the agreement is headed "unregulated credit agreement" - I didn't know what that meant until I looked up a few things on this forum (and if I'm honest my knowledge is sketchy at best)

I'm just wondering if this comes under the heading of unenforceable/voidable, and if there is anything I should be looking out for when I get the extra paperwork back?

I should point out that we had never heard of an unenforceable/voidable agreement until about a week ago - and my parents aren't looking to wriggle out of paying what they owe. I'd be happy if they could get the PPI back, but if this agreement is in any way dodgy and they get a bit more back, thats a bonus.

I'd be grateful for any help or suggestions.

Thanks

simmyboymartin

i have read this thread with interest, i have been posting my problem for months and getting mixed messages, my situation is that i had a loan for £10k plus £2,346.60 PPI in 2001, tried to claim on the PPI last August only to be told that the loan PPI finished when the loan did, according to statements there was still over £2,700 left to pay on it, to sum up requested a copy of the loan agreement from bank, they stalled for for 9 months and after involving FOS they told me they didn't have any proof of loan agreement , the existing amount that they said i owed just vanished and that is that as far as the bank and the OFS are concerned, i am now considering taking them to court, i consider the loan to be voidable and that all interest paid on the loan should be repaid,

LOAN INCLUDING PPI - £12,346.60
REPAID - £19,250.28
OUTSTANDING - £2,700 (NOW CLEARED BY BANK)
AMOUNT REQUESTING TO BE REFUNDED - £6,903.68

In my opinion if the bank thought they had done nothing wrong they would not have cleared that amount off,does anyone think i am wrong please !!

cmac

Hi Homer_j
Tiggrae suggested I try this forum as ther are other issues with my case, and with reading this site I am hopeful.
Here goes with the story
We had three loans with Barclays I am trying to reclaim PPI on all three.
The one in question was taken out on 20/01/05 with PPI
we are both self-employed the bank account in question is in my OHs name only
Cash loan...............................................Premium loan
amount of loan .......2,035.80..........................1,201.80
monthly repayments....118.93............................479.40
No of paymenta................60.............................28.02 = 146.95

Insurance premium @ a rate of 5%

I sent my first letter dated 14th jan 08 to Ireland the address on the Barclayloan Protection form.
Second one to Leicester as ireland were unable to help.

The claim for mis-selling has been rejected on the basics that my OH made a successful claim on the 2nd April 07 They paid 1 month and this was paid into his bank account I think not the loan ??? sorry its really confusing I am at a complete lost with it all.
He was off work for a total of 5 months with a very badly broken leg.
I have requested why only 1 payment made and details of when it was made

We were finanically suffering at the time , no sick pay for the self-employed, and to cut a long story short missed a few payments on a few things, getting charges left, right and centre.
So duly went to the bank to ask for some help or guidence - how stupid were we?
She told us the best thing to do was consolidate (ok in theory) and put everything into our morgage reserve fund. I ask what the interest on this was only to be told " not to worry about it just pay it back as soon as you can "
We now pay £70 a month and the interest was £63!!! now £53.87!!!
when I discovered this I tried to ring her on the number she gave us only to NEVER get it answered or even be able to leave a message. It just rang and rang even tried the bank its self left messages there for her to contact us for it never to happen. Finally gave up.

The loan was closed on the 18th June 2007 and £3612.60 transfered to morgage reserve + an insurance refund of £ 325.72.
interest charged £15.32
I have sent a SAR request and the £10 fee As I suspect we wernt treated fairly. The deadline for SAR is 7th July
there were other things on morgage reserve again at there suggestion and the total at present is £9090.72
I really hope you can help me with this
Thnks in advance

homer_j_3

sorry guys, i have been on my hols for a week. I will be back on later to answer any queries when I have managed to get through my emails etc.

cmac

homer_j wrote: »

sorry guys, i have been on my hols for a week. I will be back on later to answer any queries when I have managed to get through my emails etc.

Hope you had a good hol and a nice rest and look forward to seeing you back on here :j