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Hi i am new to all this but told i might be able to get some good advice so here is hoping. In a nut shell 20 years ago i had a loan that i had made all my payments on and no problems then out of the blue i lost my job and kept using savings hoping i would find employment soon but i didn't so went in to ask to claim on my insurance and was told i didn't have any.
The Bank manager told me not to worry cause as at that point i had missed no payments i could get a credit card which he gave me and said i could make cash withdrawals on and meet my loan repayments which i did until next thing i was up to my limit no job no savings and the bank breathing down my neck whilst a bit wet behind the ears at 21 years of age believing they were doing what was best for me.
After my accounts had been closed my card stopped and loan with collections it went on with the usual threats until they took me to court and i ended up with 3 x ccj's which i told the court i believed i had insurance and was shocked i didn't. Well as you can imagine through my early 20's having 3 ccj's against me any kind of bank account or phone contract or any other loan are credit card was impossible to get because of this but i had to take it on the chin as i believed i had messed up not having the insurance.
Forward on to a few years ago and i was contacted over PPI on the loan and i said i didn't have it according to the bank but believed i did at the time so the Execs office looked in to it and come back and told me i did have it but not on the card so after much arguing they have admitted i did have it on the card also. It was raised as a new complaint that they messed up and the damage it has caused me in my younger days and a mortgage i was knocked back on and the house worth a considerable amount more today.
I was offered £500 compensation but feel this is nowhere near enough for the damage they have caused and the fact they lied in a court over the insurance and the breach of the Data Protection Act in my opinion warrants more than what they have offered especially as they turn round and said well they went off after 6 years but we all know your credit file doesn't just go back to perfect.
I would value your opinions as they basically say take it to court if i don't feel it is fair but the few solicitors i have spoken to want 5k upfront which it looks like i will have no option but to do this but any advice would be appreciated in case i am missing something many thanks.
The Bank manager told me not to worry cause as at that point i had missed no payments i could get a credit card which he gave me and said i could make cash withdrawals on and meet my loan repayments which i did until next thing i was up to my limit no job no savings and the bank breathing down my neck whilst a bit wet behind the ears at 21 years of age believing they were doing what was best for me.
After my accounts had been closed my card stopped and loan with collections it went on with the usual threats until they took me to court and i ended up with 3 x ccj's which i told the court i believed i had insurance and was shocked i didn't. Well as you can imagine through my early 20's having 3 ccj's against me any kind of bank account or phone contract or any other loan are credit card was impossible to get because of this but i had to take it on the chin as i believed i had messed up not having the insurance.
Forward on to a few years ago and i was contacted over PPI on the loan and i said i didn't have it according to the bank but believed i did at the time so the Execs office looked in to it and come back and told me i did have it but not on the card so after much arguing they have admitted i did have it on the card also. It was raised as a new complaint that they messed up and the damage it has caused me in my younger days and a mortgage i was knocked back on and the house worth a considerable amount more today.
I was offered £500 compensation but feel this is nowhere near enough for the damage they have caused and the fact they lied in a court over the insurance and the breach of the Data Protection Act in my opinion warrants more than what they have offered especially as they turn round and said well they went off after 6 years but we all know your credit file doesn't just go back to perfect.
I would value your opinions as they basically say take it to court if i don't feel it is fair but the few solicitors i have spoken to want 5k upfront which it looks like i will have no option but to do this but any advice would be appreciated in case i am missing something many thanks.
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