Swift Advances (Britannia Capital Securities)

[Yesmejake]

Hello! 
 

I am desperately looking for some support.

 

Hello,

 

My mother took an unregulated secured loan in 2001 for a total amount of £31,075 including PPI which we have tried claiming back but was sold through broker who now don’t exist. 
 

When we requested SAR in Oct 2019 having added up payments made up to that point and including all payments sent up to sept 2020 she has paid £81,895.40 and still owes approx £40,000 (not an updated settlement figure) 

 

unfortunately she did default a few times in the first 3 years of the loan agreement however has not defaulted since November 2004.  
 

We frankly can not make head nor tail of the charges and subsequent interest added on the charges. 
 

I am so desperate to make some headway and get some clarity on what to do for her. 

 

PLEASE PLEASE CAN SOMEONE HELP!!!!

 

I’m happy to privately email, call anything! 
 

she is struggling under the weight of this awfully unlawful debt!!!

[dx100uk]

you need to look for any fixed fee penalty charges like arrear/default/letter/phone call / debt management etc

these will be a fixed sum like £40 say 

 

then you pop all those in our spreadsheet and pop in their int rate and it should give you a reclaimable figure

the same can be said for PPI.

even though it was sold through a broker swift should have done a plevin reclaim as they would have received hidden commission for selling it i bet!!

 

dx

 

[Yesmejake]

Okay that’s great. Which spreadsheet are you talking about? where would I find that? 
 

on the paper work under arrears column these a figure and some times the figure is in brackets. Do you know what the difference is between a arrears figure with and without brackets?

 

[dx100uk]

not of the top of my head

however if you wish to scan them to one multipage PDF we'll look see

read our upload guide carefully please

 

as for the spreadsheets

what was their int rate PA?

 

[Yesmejake]

I will defo scan them in and send it over to you. 
 

what’s “int rate PA”? 
 

sorry I’m new to looking at all this stuff? 

[dx100uk]

interest rate Per Annum.

 

you don't send them to me you attach them as a single file multipage pdf 

read upload

 

[Yesmejake]

So when taken out the interest rate was 1.02% monthly which is the same as 13.01% annually. It has risen to 14.04% a year now. 
 

 

[dx100uk]

https://www.lemonfool.co.uk/financecalculators/apr-rate-converter.php

 

you MUST enter each charge on the date it was levied.

 

try the FOSCI sheet first ...

.put their APR in cell D15 see what the gives.

 

 

also try the same set of 3 cols of your data in the statint sheet (use copy and paste)

 

see which gives a better result ..

 

 

 

[Yesmejake]

Thanks so much I will have a go. Really appreciate that. 

[Yesmejake]

Can I ask, once I have done these forms what am I looking for? 

Have there been successful claims against Swift Advances Ltd for unfair charges? 

Every topic on the forums stops at this points. Once I have done these forms whats the process?? She is still paying over £600 a month and I am desperate to give her some light at the end of the tunnel? 

[dx100uk]

the issue here is it's secured

i will gather she is the sole owner of the home?

 

swift are not nice people

sadly as you see 

very few people ever bother to update us

 

lets see these sheets 1st please

so we kbnow what cards we are playing with to dispute the debt atleast

 

dx

 

[Yesmejake]

Yes she is the sole owner of the house.

 

swift are horrific, they are so horrid and I am desperate to help her in any way! 
 

I will get these forms completed and I am prepared to battle and fight if needed. 
 

thanks so much talk soon. 

 

Hi So I have done the 2 forms, This is what it says.

There are no Charges since 2009 up to 2019. 

Is this any good?

StatIntSheet v101.xlsx - SP PPI - FOS.pdf FosCISheet v101 (1).xlsx - COMPOUND INTEREST CALCULATOR.pdf

[dx100uk]

not sure what happened to the statint sheet...looks like you over wrote cells.

 

so they have already litigated over this debt ?

[Yesmejake]

Yeah I'm not sure about what happened to that sheet. 

My mum has no idea what that is all about, they have never sought legal action at all. 

I have managed to get all the stuff on to a PDF however it is over 4.88mb so wont let me upload it. 

 

 

 

[dx100uk]

had to removed the link

her details are showing from page 7

 

 

 

 

dx

[Yesmejake]

Oh no. Which details? 
 

I thought I blacked out all the personal stuff? 

[Yesmejake]

Hi,

 

I have gone through and re done the marker on it.

 

hope this is better 

 

https://drive.google.com/file/d/1WrcF2oEOydGXCZYwhZcYB7QmnP_9jNaQ/view?usp=drivesdk 

[dx100uk]

link has no access

 

dx

[Yesmejake]

https://drive.google.com/file/d/1WrcF2oEOydGXCZYwhZcYB7QmnP_9jNaQ/view?usp=drivesdk
 

hope this one works better? 
 

 

[dx100uk]

just says you need access.

you need to make it public.

 

dx

[Yesmejake]

https://drive.google.com/file/d/1WrcF2oEOydGXCZYwhZcYB7QmnP_9jNaQ/view?usp=sharing

I think I have figured it out. Sorry 

 

[Yesmejake]

So after requesting a new SAR this is what we received. Can anyone shed some light on what I could do with these figures? 

https://drive.google.com/file/d/1PLDAGPrHWMrmqhiu6CDA3Vxg1w8NYQqI/view?usp=sharing

 

(There is no sensitive info on this link) 

Can anyone Help? 

[dx100uk]

can you please refrain from using any hosting sites now please

 

read our upload guide carefully (esp about using pdfreducer websites)

and pop the PDF up here.

 

can you also rotate the images!!

 

thank you

[Yesmejake]

After sending a claim for unfair charges to swift we were informed that if over 6 years old then you can not reclaim any money back. 
 

what more can we do, they have told us to go to the Financial Ombudsman so they must think they have done everything right?  

[dx100uk]

well they are going to say that aren't they..they charged the unlawful fees in the 1st place!!

..its when you discover you can reclaim not from when they were charged.