Exactly and there is also the matter or right downs. One of the peugeot dealers I worked for also had a time limit of how long a car would be on the forecourt. After 90 days it would be exhanged with another dealer within the group to rotate the stock. Obviously the transportation of these vehicles is another cost...

Well JC hate to burst the little bubble that you obviously live in. I have worked for 2xPeugeot, one Honda and a SAAB dealership. These were different companies but were all main dealers. The main dealer I used to work for is one of the biggest in South East England and sells various makes of new cars (obviously used cars awell) And contrary to what you think you know (and yes I know you are / were a solictor as stated on your profile) This dealership did not refund deposits. On each occassion if legal action was commenced by the customer they would automatically make a counter claim. Unless the company lied to their staff they successfully defended all claims against them. When a used car is for sale costs reduce the profit margin of that particular vehicle and due to the way this is recorded (same in each dealer ship I worked for) it is very easy to show any loss. The sale price of the car does not need to be decreased for the company to loss money. There are numerous factors that effect the profit made be the dealer. However, I doubt you will accept the above as your posts clearly demonstrate your total inability to accept anyone elses point of view. God forbid that you could wrong JC, now that would never happen would it.......

They were actually closed in four groups. The first test branches were closed around easter 2007 and the last were closed in July 2007.

I have had a number of complaints dealt with by barclays Head office.. What is the name of the person dealing with your complaint at the moment ?

To correct any understandings, Barclays are not doing a U-Turn on Loan Pots. They are all in the process of being closed. I can appreciate that this had caused some confusion, which I think has been caused by the poor way in which Barclays have handled the situation. Firstly they told us they were being closed, they they wrote to us to say they are considering their options then they write to us against to say they are being closed. Anyway.... Are people actually aware of how a loan pot actually works. Forgive me if i am teaching anyone to suck eggs, but I think that a little more detail will resolve peoples concerns.. When you applied for your mortgage, you may have also applied for a reserve facility. This would have increase automatically as you repaid your mortgage. Customers were offered the chance to have loan pots, Basically this allowed us to borrow a fixed amount over a fixed term. Now this is the bit people may not understand. The amount of the loan pot was deducted from your reserve facility. For example if you had a reserve of £10k and applied for a reserve of £5K you would be left with a reserve of £5k Now that the loan pots are being closed the outstanding balance of any and all loan pots are being transferred back to our currents accounts from where the money originally came from. I can imagine that this has caused a great deal of worry and confusion. However, I think that we all have to remember that the amount we have borrowed has not actually changed. More importantly as the interest rate applied to both our loan pot and current account is the same, we are in fact paying the same in interest. If your salary is paid into your current account, this could actually work in your favour, as the interest is calculated daily and could result in major savings. As for the negative balance of our accounts, the payments we previously made to our loan pots can instead be made to our current accounts. So in summary, nothing has really changed. We still owe the same amount of money. We are still being charged the same rate of interest and if our salary is paid into the account we could actually save money. I don't feel that the removal of the loan pot is really the end of the world. I would like to thank the Branch Customer Care Team at the Woolwich for the above explaination and for dealing with my complaint in a professional manor. Before they were involved, Barclays pretty much ignored my complaint. i received three holding letters from them, which just annoyed me. Bring back the Woolwich PLEASE !!!!

CCA 1974 nuff said

WOW Freeze charges, judge tells bank | This is Money

I have read elsewhere that they say the are required by law to report info to the credit reference agencies. Wouldn't this be classed a a obligation or a duty ?

I personally feel that comments such as these are uncalled for. Especially when you consider all the hard work he has done and the help he has given us. It seems epecially poor, when you consider that this is his thread. Instead of complaining about tbern123, may be people could be more constuctive with their posts and post some things to help..

I know what you mean, especially the fun and games of the other night. This has been posted before, but in reponse to tbern's comments and taking into account that this is his thread after all, please find below a list of all the other Cabot threads: http://www.consumeractiongroup.co.uk/forum/general-debt/36665-cabot-again-urgent-help.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/54029-seahorse-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/66142-hfo-services-cabot-fiance.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/59928-whats-mook-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/67053-information-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/31824-debt_mountain-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/bear-garden/66900-moved-cahoot-thread.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/64446-cabot-say-hello-my.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/66630-robinson-way-acting-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/65425-new-need-cabot-help.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/65454-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/53926-citi-cards-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/64024-kings-hill-no1-ltd.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/7485-monumental-idiots.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/11229-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/barclaycard/50707-gsmguy-barclaycard-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/61441-cabot-aktiv-kapital.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/61339-ccad-cabot-only-got.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/royal-bank-scotland/60269-menacing-calls-blair-oliver.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/51034-lowell-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/34538-citicard-cabot-kingshill-all.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/57541-please-help-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/56432-mackenzie-hall-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/44279-darling-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/54311-cabot-moorcroft-argos-card.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/54747-kings-hill-no1-ltd.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/54562-cabot-financial-europe-ltd.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/royal-bank-scotland/53161-bank-scotland-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/53930-new-cabot-battle-imminent.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/53144-help-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/52928-scotcall-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/52307-dealing-cabot-advice-requested.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/51852-help-please-anyone-barclaycard.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/36684-cabot-again.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/18364-cabot-i-want-do.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/51601-kings-hill-no1-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/42264-cabot-financial-cca-charges.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/51163-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/36512-refund-sent-cabot-not.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/47312-cabot-commercial-collection-services.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/47216-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/data-protection-default-issues/47153-cabot-subject-data-request.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/45692-cabot-kingshill-no1.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/25476-cabot-again.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/41497-debt-grow-1000-month.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general/19026-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/41620-clearing-debt-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/40866-new-member-same-old.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/36595-hairyman-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/39494-cabot-advice-please.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/36411-help-advice-needed.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/33320-no-more-calls-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/18141-cabot-financial-telephone-harassment.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/31204-cabot-idiots.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/19823-cabot.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/26756-barclaycard-cabot-logic-group.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/26739-barclaycard-cabot-logic-group.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/general-debt/26315-cabot-financial-investigations-recoveries.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/welcome-our-forum/19339-new-today-cabot-financial.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/other-institutions/8074-cabot-debt-collection-agency.html?highlight=cabot http://www.consumeractiongroup.co.uk/forum/barclaycard/7389-barclaycard-sold-debt-cabot.html?highlight=cabot

added in error

Excuse me... No offence intended, I was just making an observation. It just appeared that you took the dispute about your assumption personally. I will edit my previous post

So tbern, what is the next part of your plan ? Or is that a secret... I hope I never get on the wrong side of you man....

What point are you now trying to make Jonchris ??? You have made a leap from Default notices, terminating credit agreements to unfair bank charges ? The point of this thread was: Collection Agencies search credit searches without your permission?? tbern123, was able to correct your assumption that a default notice means that the credit agreement is terminated. As he/she said, DCA's can process your data if the agreement is not terminated.. *It is not a competition to determine who knows the most... Sorry Joncris, I did not intead to cause any offence by my post.

From what I have read, they have only changed names, not companies. The transfer of names, does not mean that their rights to process your data has also been transfered. Even if, due to the change of names, you corresponded with the wrong company, it would not be possible for them to accept this as your authority for them to process your data If that is the case, tbern has blown that idea a part by showing the new and previous names of each company. Oh I hope they wasted alot of money thinking that one up. I have said it before and I'll say it again. Well done tbern.... You have given people like me hope.

Sorry, the point I was making is that the banks do consider that in this instance they have made a financial loss. My knowledge of sub prime is very limited, but my knowledge of high street banking is in depth and extensive....

I think the problem is that they can easily prove that they have been financially disadvantaged. For example, ERC's are only payable if you have an interest rate lower then their standard rate (excluding most trackers) So by agreeing to stay with them for 2, 5 or 10 years, they give you a lower interest rate. Say for sake of arguement 1.5% discount. Effectively, they are losing 1.5% interest on your mortgage each year, when you could have been paying their standard rate. I am no expert, but I think this will allow them to show in court that they have made a financial loss. I am not saying that they are righ, just trying to put a possible argument into perspective.

CAN PEOPLE PLEASE STOP TRYING TO HIJACK THIS THREAD !!!!!! PLEASE START YOUR OWN AND POST A LINK... IT IS VERY HARD TO FOLLOW WHEN PEOPLE KEEP INTERUPTING THE STORY... ok moan over

What a great thread.. Nearly 500 posts and nearly 8,500 views.. Keep going tbern123... We are all behind you on this one...

Not yet........

Sorry, I know what you mean but the exit fee is different to an ERC

When you redeem a mortgage there are two possible fees to pay. 1) ERC This is an Early Repayment Charge. Basically, when you sign up to either a discount or fixed interest rate, in return for a lower rate you agree that if you redeem your mortgage whilst this interest rate is applied to your mortgage, you will pay the Mortgage company upto 6 months interest. In worst cases this can be several thousands of pounds 2) Final Redemption Charge / Exit Fee / Deeds Fee This charge is incurred if you redeem your mortgage before the end of it's natural term. This charge is usually a maximum of £295.00

Very IMPORTANT !!!!!! FSA statement on mortgage exit administration fee increases

I can confirm that this is Barclays Collections. They also have another department in Leeds

Wow what a thread..... takes some reading but well worth it.. tbern123, never let me upset you... I would hate to get on the wrong side of you.... Talk about taking no prisoners I will keep an eye on this, very entertaining..... Good Luck....