I am really worried about these muppets now. They are continuing to harrass us with charges management fees etc. etc.

I have refused to speak to them on the phone - done everything in writing.

We completed income and expenditure form and they agreed to a temporary arrangement starting on 28th May.

We have been informed that we will still be charged £65 per month arrears fees, but if DWP (we receive pension credits) agree to pay the interest on this home loan they will look at these fees.

In the meantime I have today received a letter informing me the arrears now stand at £1738.88 and unless we make a suitable offer to clear them they will commence proceedings to repossess.

I am sick to death of telling them the account is with the ombudsman re charges - where do we go from here?

I know the arrears are mostly charges but if the FOS takes a while to sort this out we could be in real trouble

I have just found your thread Dotcom and am saddened and disgusted by your story as you seem to be making every effort to cooperate with these vile people! I'm in a very similar situation to you, the difference being that Acenden have started repossession proceedings and I am fighting them.

What I have learned from reading similar stories about SPML/Capstone/Acenden is that the loan is designed to set the borrower up to fail, allowing the lender to ultimately repossess your home. I suspect that yours is a classic case of mis-selling, as is mine.

You can expect the FOS to take quite a while to review your case, and in the meantime Acenden MAY move to litigation in which case you would come across a whole raft of new fees!!

The only thing I can suggest at this point is to write to Acenden again informing them that should they move to litigation then you will immediately request a suspended possession order as the FOS are investigating a complaint made to them regarding your account. You could also review the criteria for mis-selling and make an additional complaint to the FOS if you feel that the loan was mis-sold. Add this information to your letter to Acenden, should you decide to start a complaint for mis-selling.

P x x

Could a Mod please change the title of this thread to Paintball vs Magic Loans Ltd? Thanks

An update on my claim:

As Magic Loans went into administration on October 2008, I have passed my complaint on to the Financial Services Compensation Scheme (FSCS). It'll take a few weeks/months to sort.

P x

I received my PPI refund on this matter. Could a Mod please change the thread title to *WON*?

Thanks

Hi Paintball

 

I am currently in the process of taking my mortgage co to court, Same thing with our broker. No longer trading. [...]

 

So be prepared for the long haul on this if you do decide to take them on. Its going to involve a lot of legwork

Hah, I'm an experienced battler/CAGGER with numerous successes against my bank and credit card companies over the years, so legwork and long-haul don't bother me at all.

We can certainly help each other out

P x

Do you need any help Paintball ?

Yes please ...

I'm in the process of dealing with my mortgage company (MAS) and with Acenden (Capstone/SPML) and am seriously considering making a claim against Acenden for mis-selling of the secured loan/mortgage. I'm trying to find as much info on here to build up my claim and also see if anyone else has taken a mortgage mis-selling claim to court.

Thanks

P x

Hi Andrew

It's May now and I was wondering where you're up to with this shoddy company. Hope all worked out well but an update would be very helpful for me personally as I'm dealing with a similar situation.

P x

Hello fellow CAGGERS and PPI reclaimers

Yesterday, I resurrected this claim following a discussion about pre-populated tick boxes that remove our choice in deciding whether to have PPI or not, when taking out a policy online. This was for a house insurance policy worth a tiny amount.

I have sent a request for payment letter giving the company 14 days to respond. I will keep you updated on progress.

Painty

Hello fellow CAGGERS and PPI reclaimers

An update on my PPI claim for a loan taken out with London Mortgage Co in late September 2006.

I have finally resurrected this claim after speaking with the FOS this week. The loan was brokered by Magic Loans, who I corresponded with regarding the mis-selling up until December 2008. FOS say the broker is responsible for the mis-selling, therefore the complaint is directed at them.

Yesterday, I sent Magic Loans a request for payment letter, they have 14 days to respond. I will keep you all posted.

Painty

I just voted too Now I wonder if Goldlady would like to share accom so we can both come to this do ...

Oh dear, I missed it this year ... shame!!!

Well sorted thanks m'dear I can hear your music from where I am ...

Pull what??? A muscle :p

Haha, Clemma. That reminds me of the old joke:

Did you hear the one about the clam who went to the seafood disco?

He pulled a mussel ...

:p:p

How is you BTW?

Inside would prob be best Paints - have you seen the weather forecast??

Yup! Bloomin' awful pet. See you inside ... I'm the dark haired one if you recall

:p:-D

Oh yes, Clemma, I know it well.

This is the view from the back of the pub, next to the riverside. Are we meeting inside or outside?

It's going to be a scream Painty - can't wait to see everyone. Will you be joining us for a little tequila slammer then???

Haha, of course

Just so peeps know - this meet is open to newbies, oldies () or anyone that is in Newcastle and fancies a few bevvies on Saturday night!

 

The more the merrier, and merrier I intend to be

Are we still meeting in the Wetherspoon's Pub Clemma? Remind me which one that is on the Quayside ...

F, f, f, f, - nope I just can't say the word but it's a silly game where they have this ball and a team on either side and they kick it round a pitch for a while and everyone thinks it's wonderful and jumps up and down when it goes in a net

 

Anyway, still counting down the days here

:lol:

Have tried everything i can to get to this meet, but i have too much going on at home.

 

I hope you all have your large handbags with you!! It wouldn't be a cag meet without a few clanking bags....:D ain't that right Bo..! lol

Woman, you're slacking ... get that show on the road!!! :D:D

Can't wait to see everyone ...

Sounds like a plan Clemma. Wetherspoon's was it?

So, Saturday 9 May on the Quayside it is!! Looking forward to seeing everyone, especially the newly monikered Bo

Shame Bookie can't make it ... roll on September

Not got many holidays left so will probably travel up after work on Friday 8th. Could we do the meet on Saturday 9th as I will be pooped by the time I've driven up there

 

You coming GL, Painty?

You know I will

Yep - 9th is ok for me too!! I think we should stick to the Quayside in Newcastle (Wetherspoons pub). Tis cheap and cheerful

Yep, sounds great Clemma. We need to make sure Goldlady comes along too, and Blueskies and Car

If we are re-scheduling, then that suits me fine as I have sooooo much to do today!!!

End of the month?

Nah, she's finally been framed ... in her latest role as the Mona Bookie

Cool - 28th it is. Quayside bar, 7pm. I need to celebrate my new found freedom, Paintball needs to commiserate -and everyone else will be there to get drunk Don't let me be the loner who walks into a bar to find no one there

Commiserating ... moi? I'm bloomin' celebrating

chocolate pots???

 

what chocolate pots?

 

I never got offered any cocolate pots!

 

Next time we meet up in the smoke Booky, I expect some of these delights!

Oooo la la! Those chocolate pots Heaven ...

I can honestly say that Bookie is twice as cookie and jolly good value for money. Vive la Bookie ... but just don't throw too many sheep at her

:lol:

Paintball where are you? Booze up beckons..................

Heehe, I'm here pet Quayside beckons on 28 Feb? That's my last day in my current job so I'll definitely be up for a boozy do.

And don't forget the good old Crown Posada on Side ...

:D:D

Yay, it's your Birthday today Goldlady, many happy returns and I hope you're being spoiled rotten

See you soon pet