Swift Advances Plc?

[Sparkie1723]

Re: Swift Advances Plc?

Another statement made by Mr John Webster in a press release was “Swift do not securitise their loans, they remain on their books at all times”.

So I asked Mr Webster in an e-mail letter to him, if this was true,… and if the e-mail he sent to me saying they were sold by equitable assignment was not true,…. and/or if would this mean the statements made in the accounts of Swift Advances plc of 2007 to 2008 lodged with companies house that loans of £200 million were Sold to sister companies Kestrel Loans Nos 1 & 2 Ltd was true or not……….because how could they remain on Swift Advances plc books if they were sold?....and if they were both true then there must be a case of double accounting.

He never did answer this e-mail.

I will post copies of the records of payments into both our account being processed by Swift Advances plc AND Kestrel Loans No 1 at the same time to show everyone I am not fantasising and making things up …when I have scanned them….the Cheshire Police and the OFT have copies of these.

Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

The first part of this post is exactly what happened when I was contacted by Olympian Financial Services.

A couple of weeks before Swift Advances Plc issued possession proceedings via Swift Group Legal Services, a person by the name of Paul Aldridge from Olympia Financial, called and left several messages on our answer phone asking us to contact him and left his phone number.

Not having a clue who he was I took no notice of them.

Then we received a letter from him dated 4th August 2008 (a couple of days before we received the summons) I’ll post this letter later, but it said “we may be interested in various financial which may be available”
The next time this Paul Aldridge rang I spoke to him he said he could arrange another loan and pay Swift Advances plc off and stop the proceedings, I listened and he told me this, He could arrange a loan ( secured of course) that would pay our loan off which would include the early settlement penalty etc etc etc, then the clincher the interest rate would be some 2% more than the rate we had with Swift Advances plc.

This would have meant borrowing even more money at a higher interest which would have resulted in a much higher monthly payment than we were supposed to be paying Swift Advances plc.
This as near as what the facts were.

Of course they would then charge us brokers fees legal fees etc etc and more than likely commission off the New Lender.
The following is what I believe was the reason for this and I must stress here that this is my personal belief which I am entitled to say, based on the information I have.
It is only supposition and suspicions.

The letter stated that they work in close association with “Swift Group” (everyone knows my take on this was an unlicensed trading name but I did not know it at the time)

You know now that they took over the offices that Swift Advances Ltd/plc as shown in the picture I posted previously.

I believe that as Swift had moved to Arcadia House which was a completely new building and had installed their boasted “new state of the art computer system)

Olympian Finance just moved in and used Swifts Advances Ltd/plc computers.. This I cannot prove but I “suspect” this is what “may/could have” happened.

I say this because Swift Advances plc will not supply the information that they supplied Olympian Finance.
I say this because in the response to my first SDAR “Swift Advances” told me they couldn’t because it was on a CD disc along with other borrowers information.

The ICO told Swift that they could separate and extract our data that they passed to Olympian and send it to us in our second SDAR.
I have posted that they have not supplied anything I asked for in our second request, but have cashed the cheque.

I say the reason they can’t supply it, is that it was already on the computers and the system that Swift left behind remembering this is where Eastern Counselling and Eastern Collectionsworked from. This is where the Counselling fees and account running charges are instigated and charged to borrowers accounts

I think the situation was when a borrower went into arrears, Olympian Finance contacted the borrower and what I said before happened …Swift Advances plc were paid off made a lot of money by all the extra charges.

They had the money to lend some other unsuspecting borrower and trap them as they trap all their borrowers, Swift Advances plc cycle would start again.
Lend money to people who they knew that there would come a time when they too would fall into arrears and so on.
What a business plan…its called predatory lending


Olympian made money from the new deal.

Legal Beagles have no responsibility or involvement in this posting, it is purely my opinion and point of view.
Based on information and my experiences

Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

Will post what I mean in a few mins

This is what they send ..note .no-one ever receives any correspondence in the name of Swift Advances plc



This is what they produce in Courts as a genuine true copy of the original ...you can see clearly it has been tamperd with altered change...in truth and precise fact a false document



Do you notice they also remove all the info from the bottom of the page referring to the tradings style of Swift Advances?
They even remove the Swift Logo!!!
Also they never sign them and ........HOW CAN AN UNLICENSED TRADING NAME Have a litigation department
Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

I post a geat deal of what I send the OFT for reason that it is known to the publc in general exactly what info they have been given should the OFT not act in the manner they should, and use the full powers given to them under the Enterprise Act 2002,

This what I sent re the Default notices


Attachment 1…is a copy of the Default Notices I received, my partner and I received separate notices
Attachment 2…is the copy submitted to the Court in our proceedings

I wish to refer you to section 8 (1) of the CCA Act 1974Consumer credit agreements
Section 8(1) states
“A personal credit agreement is an agreement between an individual (" the debtor") and any other person (" the creditor ") by which the creditor provides the debtor with credit of any amount”.

This of course includes the unregulated agreements that Swift Advances plc continually and arrogantly say that as they are unregulated the CCA Act does not apply….I agree 100% that the vast majority of the Act does not apply to unregulated agreements pre 2008, but these few sctions do

Section 21 states
21(1) “Subject to this section, a licence is required carry on a consumer credit or consumer hire business”.

Section 39(2) States
A licesee under a standard licence who carries on a business under a name not specified in the licence commits an offence.

These sections show without doubt that Swift Advances plc have been committing offences practically every minute of the day.

I submit that as it is deemed a criminal offence to contravene section 39, and all Swift Advances plc loans were set up by the committing said offence, the criminal act would render all agreements void, the Proceeds of Crime Act states that no one should gain and no-one should suffer loss from an act of crime.
The further criminal gain is the unlawfull penalty charges fees etc etc is the criminal gain the loss to the borrowers is being forced to pay these chages and fees plus interest

Section 242 of the Enterprise Act 2002.
If I can get the Cheshire Police to start an investigation ....the OFT will have to tell them what they have found out...according to my interpretation of this

242 Criminal proceedingsE+W+S+N.I.

This section has no associated Explanatory Notes
(1)A public authority which holds information to which section 237 applies may disclose that information to any person—
(a)in connection with the investigation of any criminal offence in any part of the United Kingdom;
(b)for the purposes of any criminal proceedings there;
(c)for the purpose of any decision whether to start or bring to an end such an investigation or proceedings.
(2)Information disclosed under this section must not be used by the person to whom it is disclosed for any purpose other than that for which it is disclosed.
(3)A public authority must not make a disclosure under this section unless it is satisfied that the making of the disclosure is proportionate to what is sought to be achieved by it.


Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

Swift Advances plc and their default notices sent before they issue proceedings on a secured loan.

One of the Criteria with a Default Notice that it must be issued by the Lender, it must be on the headed paper of the lender and show the Full name and address and company registration number if it has one.

All the default notices that were issued bySwift Advances plc borrowers pre October 2010 were issued by Swift Advances
The stolen unlicensed trading name……………the ones that are supplied to the Courts as proof of the issue of said default notices are ALTERED.

The stolen trading name is deliberately removed and the name Swift Advances plc is inserted (type written) in its place.

Anyone who has had possession proceedings taken against them ...check this out ...you will find this correct
Despite what Swift Advances plc may say a Default notice MUST be sent under a secured loan even it is unregulated which is irrellevant they say , it is very rellevant......................... it must comply fully with what a default notice should contain.

I hope everyone realises the implications of this.............I have.......and will be pursuing this to its fullest extent......I have only just discoverd this ......otherwise I would have used this before.

Swift Advances plc think its all over..............it will be now.

I will be making the OFT aware of this as I allways do


Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

Remember that the trading name of “Swift Advances” belonged to Swift Finance UK Ltd until November 2009 a completely unrelated company to Swift Advances plc.

In July 2007 Mr Webster made a fairly long statement to the press as Chief Executive Officer of ……………………"SWIFT ADVANCES!!!”

He did not attempt to correct this false misleading statement then and since.
He made the claim that he was the CEO of a non entity……….he made the statement that he was the CEO of a trading name belonging to another company.#

This is my view is further proof of the use of a “stolen” trading name, it did not belong to Swift Advances plc.

Isn’t it a crime to steal something and use it, making people believe it belongs to you when you know it doesn’t? isn’t that deception?

He then later makes a statement as CEO of the SWIFT GROUP………….This also was an unlicensed trading name at the time……….. there was no such entity as the Swift Group at the time, he did not attempt to correct this at the time or since .........Swift Securities Ltd only had that trading name added to their CCA licence in August 2010

[Sparkie1723]

Re: Swift Advances Plc?

This where Swift Advances plc used to work from....the outfit in the picture worked in close association with the Swift Group.....so the letter I have in my possession says.............also this is where the outfit EASTERN COUNSELLING AND COLLECTION WORKED FROM.
This outfit has since gone bust Oct 2010
This is how they hit you with the Counselling visit you never got and the account running fees were raised....another "Con" in my view, they used this as a cover.
Doc ........ Read the letter you got where they said that from some time in 2009 they stopped the Eastern Counselling handling the accounts......that was because this place shut down in 2009 and went into receivership.

Theres a lot more to this that meets the eye.

This will be brought to the attention of the OFT in amuch more descriptive manner ...more info

Swift Advances used to call this PURBECK HOUSE 230 to 234 Hornchurch Rd

Olympian Changed its name to Olympian House

Sparkie

[Sparkie1723]

Re: Swift Advances Plc?

I have been thinking of my options and I have reached the conclusion is the way forward for me is to mount a Unfair Relationship claim under section 140......this way I can use all the evidence I have to support my claim.

So I will be working on that over the next coming weeks, there is a section in it that says;
"Anythingthe creditor has done before the agreement was made during the agreement and EVEN after the agreement has ended"........that part in the favourite words of Swift Advances plc is "irrellevant"..........That way I can include as many statutes as I think would apply within that Unfair Relationship claim.
Another section says inas much "Anything the debtor alleges it is up to the creditor to prove him wrong"
For instacee
Refusing to supply information I am legally entitled to under sectrion 3 of the New FRaud Act is Unfair
They would have to prove it was not unfair
Comments anyone please

Sparkie

[jumper999]

Re: Swift Advances Plc?

Well even though things did not go as you hoped sparkie look at the brighter side at least you have an opportunity to correct whatever went wrong and you never know more skeletons may fall out of the cupboard which I am sure enough have lol.........

The battle is not over yet, yes I know its hard and tough but together we can do, we just have to believe in ourselves and we will all get their in the end. Great work sparkie and this will pay off some way or another.

Don't beat yourself too much about what happened, you have come too far to be put off but little technicalities like what happened today.

[Sparkie1723]

Re: Swift Advances Plc?

That is such bad luck Sparkie. Sorry to hear that you've been held up with such a frustrating technicality.

Keep batting on, you're doing a great job. :seagull:

Thank you Celestine,

That is how LIP's can come unstuck on the very minor technicalities, I must say that Judge Halbert is one of the best kind of Judges one can come across he is a very very fair man who treats you with respect, but will jot allow ANYONE and that incudes Barristers to "get way" with anything, unfortunately, I did not know the procedures, and I hold my hands up for not delving deep enough into them, I have learned from my experience and will be sure next time to put this experience to use.

There will be a next time.

Thank you to everyone for their support .......I do hope it continues ......if I thought for one minute Swift Advances plc were fair and were right .I would give up now ...but there is not a chance of that, because I know they are wrong and I WILL pove it sooner or later..........they know I am right.....and I know I am.

My next move is to get the Cheshire Police Fraud Squad to commence investigations under my report of an alleged crime ...to which I have a Crime Number allocated and I will now feed them with all the extra information I have now amassed on top of what I have already supplied them.

A criminal investigation will not affect any civil proceedings. I hope the trolls in the employ of the company in question make note of this

Sparkie

[Celestine]

Re: Swift Advances Plc?

That is such bad luck Sparkie. Sorry to hear that you've been held up with such a frustrating technicality.

Keep batting on, you're doing a great job. :seagull:

[Sparkie1723]

Re: Swift Advances Plc?

After attending Court today, I had to withdraw my application due to minor procedural problems. That is the hurdle of being an LIP …not knowing the fine procedural rules

1..The Court Office gave me incorrect information in that on the application form N244 I had left all the boxes at the Top r/h corner blank, they advised that a case number should be shown and told me to use the possession proceedings case number, which I filled in at the counter in pen.

This was incorrect Judge Halbert said that he is bound by CPR’s and a Data Protection Application cannot be made under a possession claim number, and 2

2..I had used the wrong Court form to make said application the form should have been an N7.

He asked if I had paid for the application and I said yes Your Honour £80, he then said under the circumstances, he would try his utmost to have that fee refunded, but could not guarantee it.


I have now got to start again and resubmit another POC, meanwhile I will be contacting the ICO with regard to my second complaint and ask them to speed things up and take enforcement action against Swift Advances plc, to supply the information, the ICO say I am entitled to.

It is stalemate at present…..but I will get the info one way or another, I can say from the Barristers reaction before Court I believe Swift Advances plc are petrified of being forced to disclose the underwriting sheets especially having evidence of Mark White swearing under oath they do not pay commission AT ALL

The truth “will out" maybe not now but it will

Sparkie

[nelliewops]

Re: Swift Advances Plc?

It's a bit late I know, but very best of luck from me too for today Sparkie.............I'm keeping everything crossed for you. You deserve success after all your hard work - as usual! xxx

[Dougal16T]

Re: Swift Advances Plc?

Morning all,

VERY BEST OF LUCK TO SPARKIE - IF ANYONE DESERVES IT HE DOES!!

GO GET 'EM SPARKIE......

Thinking of you and yours......

Best wsihes to Sparkie and everyone

Dougal :beagle:

[jumper999]

Re: Swift Advances Plc?

Lets hope sparkie comes back with good news and he can have a relaxing weekend, lord knows he deserves it............
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Just a quick question but has pt2537 left this forum aint seen him around lately?