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Secured Loan - Firstplus reclaim PPI and pay off loan


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Hi everyone, after ignoring the loan that I took out with firstplus since I took it out I now need to take action and get rid.

 

As they have passed on the loan I was able to get a copy of all transactions to date needless to say I want to cry!

 

I took out the secured loan in 2004 for £40K with £8K as PPI so total loan for £48k, having just had the transaction history I have paid £77k to these people and still have £40K owing on the loan!

 

Having read loads of posts previously and knowing how stupid and naive I have been in taking this out, I now need to take action and would appreciate any help in what I need to do first.

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so you know how much PPI you paid every month?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I haven't done a full request as yet but I know what payments I have been making and what interest i have been paying.

 

I was just really shocked to find that after 12 years I still owe the same amount I borrowed. Very depressing.

 

I need some guidance as to what to do first and to who since they have transferred the loan to Elderbridge, need to do something....

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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