Link adding interest to 2 GE old sold loan debts

[renegadeimp]

Please do not spread misinformation barks, especially with your first suspicious post on a random GE thread...

[dx100uk]

no judgement at all

never been near a court!!

 

and even then CI MUST be mentioned in the judgement to be able to charge it

and as these aboth regulated under the CCA they cant do that.

 

link are fleecing him

as they always do to everyone.

[citizenB]

Were the debts sold / assigned to Link from GE money as delinquent debts ? Had GE money ceased adding interest to the loans prior to the assignment ?

 

It is my understanding that once the loan is terminated by the original creditor, then interest ceases unless they take you to court when they can then apply for that as part of the judgment !

 

Is there anything within the agreement that says the 3rd party can add interest ?

[fkofilee]

This is why I want to see the agreement...

[BarksCC]

'first suspicious post on a random GE thread' - We all start somewhere

 

'Ignore the crap link add. They cant add anything' - Spreading misinformation I see as confirmed by other posters querying with the OP if the T&C's gave the provision to do so

 

What exactly did I post that was false or inaccurate?

[renegadeimp]

They cannot add ANYTHING to the debt after termination unless it is stated in the original agreement. And i van bet you that the clause " If we terminate the contract and sell the debt on, the new owner can add what they like" isnt in that agreement.

 

Default Re: Link adding interst to 2 GE loan debts

'first suspicious post on a random GE thread' - We all start somewhere

 

Nice try giving yourself away like that.

[fkofilee]

They cannot add ANYTHING to the debt after termination unless it is stated in the original agreement. And i van bet you that the clause " If we terminate the contract and sell the debt on, the new owner can add what they like" isnt in that agreement.

 

 

 

Nice try giving yourself away like that.

 

Now now, everyone deserves a chance, IMP.

And its deviating away from the purpose of why I asked for the agreements.

 

BarksCC...

For now, I would make a suggestion that you Can any further comments until the OP returns with the CCAs.

 

 

IF you want to duke it out, do it on another thread plz.

[renegadeimp]

Oh i agree fko. i just get a laugh out of how relatively obvious posters can get especially with their wording.

 

But like you said, everyone deserves a chance, so ill step away.

[roaringgirl]

Hi,

 

Ok. I DO have PPI on the loan so will out in a claim for that.

 

I checked out the debts

 

Debt 1:

Original credit: £1618.57

Link says its £1736.45

They added interest and bumped the debt up to £2479.85

I have actually paid £1430.36

 

Debt 2:

 

Original credit: £1219.40

Link says its £1430.66

They added interest and bumped the debt up to £2201.55

I have actually paid £789.66

 

I have the original CA in front of me, can you explain what exactly I am supposed to be looking for with regard to the interest?

 

I will wait till I hear from the solicitors and then demand statements for every single transaction that has taken place.

 

If it goes to court how successful am I likely to be if I argue against the unfair interest charged? I am prepared to pay off the remaining part of the original loan, but I fail to see why I should pay Link nearly 2k of interest when I was in a DMP and going through a rather acrimonious divorce. Hence the DMP.

[renegadeimp]

Post up the CCA and redact all personal info please. Put it in PDF format

 

Suffice to say you do NOT pay what link demands.

[dx100uk]

click the upload link and read

I've taken down the jpg as you cant zoom those

pdf all the stuff

best to put it all in ONE word doc first

then file

save as

.pdf

[fkofilee]

Its not what youre looking for its what we are looking for

 

Once we see, we can then advise.

[roaringgirl]

Done! What a faff!

CCA return.pdf

Edited January 12, 2016 by dx100uk
2 20mb files redacted and merged now .5Mb - dx

[dx100uk]

I've tidied the thread

 

 

dx

[roaringgirl]

I can see! Thank you

 

So, where now then?

[fkofilee]

I will read it full tomorrow x

[roaringgirl]

Thank you - I appreciate it.

[dx100uk]

8.2 mentions pre and post judgemental interest is allowed

however

it does not say it can be charged after termination

nor after sale.

 

me thinks link are on very dodgy ground here.

 

however have you ever sent First National an SAR?

 

we need to know if FN have terminated this agreement or not

what letters have you got from all the years.

 

dx

[renegadeimp]

8.2 doesnt say that a debt purchaser can sell it either. The T&C's make it out to only relate to the OC charging interest. Nobody else.

 

Link are on VERY dodgy ground here.

[Ford]

roaring

when was it sold on to link?

[fkofilee]

I dont think these are the full terms here... They make no mention on further enforcement action that will be taken or who they can sell it on to etc.

 

Are you sure this is all they have? There should be more terms than this for a loan etc of this size. Most CCAs are pages long?

I think these are the pre application T&Cs and dont count for very much

[roaringgirl]

Yes, this is all they have. Does that make a difference?

 

No, I have not SAR'd First National.

 

I have no idea if they terminated the agreement.

 

So, that is my first port of call.

 

How do I stall the solicitors?

 

And I think it was sold on to Link early 2007? Not sure.

[dx100uk]

that's agreement is wrong/faulty

120*27.81=3337.20 not 3618

 

 

a 3k loan from 2004 and its still not paid

they are having a laugh!!

 

 

dx

[fkofilee]

Now that I am off work, I can draft a half decent letter for you.

May tale a while though.

[roaringgirl]

Yes please I would appreciate that very much