A Bank - Personal Guarantee claim £300k

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

it is very frustrating but getting the advice and help that this site gives make life a lot easier for a large number of people

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

The reason we are in this position was the bank withdrew our funding and closed our accounts now we had never defaulted on the loan they had no security for the money and had been in this position for 5 years unbeknown to them when they realised they started acting strangely and frothing at the tills they then decided to withdraw our company credit cards which were paid at the end of every month when this didn't work they closed our accounts and now are trying to claim on a personal guarantee surely this cannot be right they have caused the problems with the stupid actions we will have to wait and see what the :juge: has to say when we eventually meet him

[Amethyst]

Re: A Bank - Personal Guarantee claim £300k

Disgusting behaviour isn't it.

I've asked about the guy you mentioned, I don't know of him personally I'm afraid.


On your keyfacts documents it does have the house mentioned and its value at MCOB....possibly they didn't realise they had already discharged security.

I still don't see how they can be claiming against you personally for that loan while on the other hand saying it is a business loan, I know it was lent to you and your wife as director and secretary of the Ltd company, but the claim should be against the company.

Is it RBS that have put an objection up to the company being liquidated btw or just late filing sorted ? ( DISS40 (DISS40(SOAD)) )

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

The valuation was done in 2003 and we have had a boom and bust since then. And no we haven't shut it down that yet as i wanted to make sure it stayed dormant since they closed the accounts and i had time to pay all the lads and accounts paid. The revenue owe us about 40k in cis tax but that will get written off and a lot of credit due to the last case which started all this off we lost 150k due to a technicality and i have a letter asking them for help and a letter saying no so i can't see how they can enforce a personal guarantee when there customer service has been abysmal but i will have to wait and see.

[Amethyst]

Re: A Bank - Personal Guarantee claim £300k

The loan keyfacts states its a first charge secured loan (I know it isn't secured) Before you took out the loan were you in a position to offer a first charge (ie did you own the property outright?)

(I don't know if that will help but if the keyfacts is faulty it might do)

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

yes the mortgage had finished t the beginning of august 2008 but hadn't finished when that letter was printed it a little confusing how they gave me the money before the documents that will take some explaining to some one

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

Sharon i have heard nothing from Mr Tilley if you can chase him up it would be appreciated

[Amethyst]

Re: A Bank - Personal Guarantee claim £300k

feedback@tomlinsonreport.com

http://tomlinsonreport.com/

Can't hurt to send your case outline to this report as it is still under investigation. Does'nt help you at the minute I know but all grist to the mill stopping RBS treating businesses this way.

I discussed the case briefly with PT and he doesn't think it can be covered by the consumer credit act 1974 as a consumer loan would, and doesn't have any knowledge of the gentleman you mentioned unfortunately so I can't really help there Sorry.

My thoughts are that you need to ask for a copy of the agreement when it comes to disclosure.

[hush puppy]

Re: A Bank - Personal Guarantee claim £300k

Should i apply for a extension and issue a sarr letter

[Amethyst]

Re: A Bank - Personal Guarantee claim £300k

Have pm'd you xx