yup Pt2537 is here now too

[Guest]

Re: yup Pt2537 is here now too

Peter

The amount of credit is a prescribed term in a fixed sum loan as you know.

Could the creditor get away with stating: -

Amount of credit - A: repayment of previous loan £5k plus B: repayment of overdraft = £4K without actually stating the combined amount as a figure?

Hi
As far as breaching section 127(3) goes no I am afraid it wouldn’t,
The requirements of this section are very basic the prescribed term just says “a term representing credit” not amount of credit unfortunately.
It would possibly breach schedule 1 where the creditor is requird to give he amount but imo this would be a very minor breach.
peter

[Ihaterbs]

Re: yup Pt2537 is here now too

Hi
As far as breaching section 127(3) goes no I am afraid it wouldn’t,
The requirements of this section are very basic the prescribed term just says “a term representing credit” not amount of credit unfortunately.
It would possibly breach schedule 1 where the creditor is requird to give he amount but imo this would be a very minor breach.
peter

Peter

Schedule 6 explicitly states: a term stating the amount of the credit.

[Guest]

Re: yup Pt2537 is here now too

Peter

Schedule 6 explicitly states: a term stating the amount of the credit.

hi
yes as i said

A term can be a + b

If it had just said the amount you would be laughing

peter

[Ihaterbs]

Re: yup Pt2537 is here now too

hi
yes as i said

A term can be a + b

If it had just said the amount you would be laughing

peter

The amount of credit doesn't then need to be stated as an whole aggregated amount to satisfy schedule 6.

[Guest]

Re: yup Pt2537 is here now too

No it doesnt

[The Debt Star]

Re: yup Pt2537 is here now too

That seems to be the general rules , certainly with the secret commission's, if you dont pay the broker or agent you can hardly complain that he got paid elsewhere,

however, there are also issues surrounding if the commission is a charge for credit and should it be recorded on the agreement

these are two separate issues,

Mine was the typical Egg loan as described by Militantcustomer, where the PPI premium was loaded with the credit and APR paid on both. 'cept in my case Egg consolidated it all into a Top Up. Does that make it "commission is a charge for credit and should it be recorded on the agreement"?
I think it does or am I missing the point?

[Amethyst]

Re: yup Pt2537 is here now too

Part of judgment posted in CCA forum, rest in VIP Case Law until confirmed.

[Angry Cat]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

http://www.consumeractiongroup.co.uk...=1#post3110363

Well, I hope that you are satisfied Peter!

What is it that you want?

The gold star;
the medal or;
quadruple green shield stamps?

[Guest]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

http://www.consumeractiongroup.co.uk...=1#post3110363

Well, I hope that you are satisfied Peter!

What is it that you want?

The gold star;
the medal or;
quadruple green shield stamps?

You know you wouldd think it was my fault that this missbgotten action took place all i did was try and warn people about it, Now i am getting stick for being correct, if you dont want me to comment on this then my advice is to shut up about it, personally i am sick of the whole thing.

Peter

[Amethyst]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

Agree with Guido. Please can we concentrate on the recent round of judgments and helping people with their next steps. Fighting never does anyone any good, I should know lol.

[Angry Cat]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

You know you wouldd think it was my fault that this missbgotten action took place all i did was try and warn people about it, Now i am getting stick for being correct, if you dont want me to comment on this then my advice is to shut up about it, personally i am sick of the whole thing.

Peter

Well, if you could just shut up about the matter, that would be helpful!

[The Debt Star]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

Well, if you could just shut up about the matter, that would be helpful!

You certainly are a very angry cat indeed.

I also have debt the size of a small moon...wait that's no moon! Its a battle station.

Lets see what can be done to continue our common war with Egg. I, for one, was grateful to this site for warning me of the judgement in Slater as I was about to write to the FOS with the precribed terms argument. It was timely, I am now left with PPI and mis-selling and a dodgy default that shouldn't be there

Egg are sheisters and many people will find something to dispute with them other than the Slater issues. For instance, Egg sent me a kosher Top Up CCA and refused to send me a copy of my closed CCa and card. When I eventually got these after a battle royal it transpired there was PPI flogged with them and this gave me more to use.

So keep the faith. Cases come and go. There will be others.

[Angry Cat]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

You certainly are a very angry cat indeed.

I also have debt the size of a small moon...wait that's no moon! Its a battle station.

Lets see what can be done to continue our common war with Egg. I, for one, was grateful to this site for warning me of the judgement in Slater as I was about to write to the FOS with the precribed terms argument. It was timely, I am now left with PPI and mis-selling and a dodgy default that shouldn't be there

Egg are sheisters and many people will find something to dispute with them other than the Slater issues. For instance, Egg sent me a kosher Top Up CCA and refused to send me a copy of my closed CCa and card. When I eventually got these after a battle royal it transpired there was PPI flogged with them and this gave me more to use.

So keep the faith. Cases come and go. There will be others.

Not always Angry, Debt Star.

But, in relation to EGG, yes I am...what a merry dance they have led me (others too)

Mis-sold PPI and the 'Unfair Relationships Test, will now be the way to go.

Other matters also, but dependant on each end every different case.

[middenmess]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

And as a result from PT [posted on CAG]


Re: Egg Banking Plc

1) The draft judgment was handed to us, yes,

2) the APPROVED judgment arrived at my office on FRIDAY, when i did say that i would provide it elsewhere on TUESDAY when i was back in the office.

Climb down off your high horse peter,

Yes we took the case to court, yes we lost, it is unfortunate, but i did invite you to attend, had you done so you would know the full story,

Im sick of trying to explain to someone who wont listen,

Enjoy your life, im finished and outta here and all other forums

[Ihaterbs]

Re: Alexandra Slater v Egg Banking Plc August 9th 2010

You know you wouldd think it was my fault that this missbgotten action took place all i did was try and warn people about it, Now i am getting stick for being correct, if you dont want me to comment on this then my advice is to shut up about it, personally i am sick of the whole thing.

Peter

Peter

A big pat on the back from me. You advised at the outset that the case was flawed and you've been proved correct.