FOS won't act

[pocster]

Hi all,

 

If the Fos deem they will not take interest in a dispute because it predates the credit consumer act what options do I have?

 

Is it simply that I must appoint a solicitor?

 

It's quite bizarre because the actual loan was pre credit consumer act;

but the actual 'dispute' is after that date

i.e. there is no issue with anything previous to that.

 

Equally its debatable if the 'loan' exists in it's current form..

 

.. i.e. as confirmed by a few solicitors it's a rather grey area...

 

Any help appreciated

 

Cheers

[dx100uk]

tell us the story .

 

dx

[pocster]

LOL! ;it's FAR too long a story.

 

So the only other route is a solicitor I presume.

[dx100uk]

you keep talking in riddles

 

no-one will help you.

 

dx

[pocster]

Ummm,, well the question was if a loan was taken out pre the credit consumer act and therefore the Fos won't look at it is my only route solicitor?

[dx100uk]

what are you disputing for a start?

 

dx

[BRIGADIER2JCS]

Exactly when was the loan taken out and what do you dispute??

[pocster]

Sorry, it is a REAL long story with too much detail.

I have posted it before and what happens is people start commenting and going off on tangents hence my initial short question to avoid that

[BRIGADIER2JCS]

Is this the GE Capital thread from around June??

[ims21]

Is this the GE Capital thread from around June??

 

And other threads too?

[BRIGADIER2JCS]

I think we concluded that reporting on CRA files was correct??

[pocster]

LOL!; yes probably other threads.

 

No the reporting is WRONG 100%

 

I owe them money.

They incorrectly added 'fee's + interest

They wrote and said they would reverse this.

They never reversed it

 

The original amount owed and the disputed 'fees' have to be treated as 2 separate entities as essentially they are unrelated.

 

Very basic example of what has happened with some constructed figures:

 

loan: 140k

interest only payment at current mortgage + base rate = monthly payment of £450

 

Repay 100k!

GE continue for 10 months to 'think' the payment is still £450!!

 

Interest only!!! - is based on the out standing capital remaining!! ; therefore MUST be incorrect!!

 

But of course as they didn't get £450 a month cripple my credit rating as a 'default'.

 

I hope you can all see the error!!

[BRIGADIER2JCS]

I can see the way you are think but I can see why FOS would decline to act, but any fees or charges on an account are part of that account!

 

The only openining to challenge a default entry in this case would be IF the ''default sum'' is made up of charges WITHOUT which the account would not have been defaulted NO default should be placed.

 

You have not follwed up the promise to reverse this?

[dx100uk]

why start SO SO many threads on the same subject

 

it makes a mockery of the help people are trying or have given you.

 

dx

[pocster]

Because I didn't get the help I required. So am trying to break a 3 yr case of 34 letters and 180+ phone calls down into manageable chunks.

I won't ask any more questions regarding this matter on these forums.

 

Thanks for all the help.