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Hello,
Please, could I have some direction and advice concerning G E Money and claiming from them.
This is my son's loan. He has always been self employed and works in the construction industry. He builds things, doesn't try to destroy as G E Money does,so has asked me to help.
Secured Loan for £17,400 taken out with IGroup in July 2004.Term of loan 90 months.
Loan for £15,000 plus £2,400 for front loaded PPI.Term of PPI 60 months.
Has been in trouble with loan over years which culminated in a suspended possession order(2006) being activated in July 2013.
Loan finished Jan 2012, but kept on with repayments.
Went to Court and Judge granted a Time order.Payments are now £556 per month.
Has already paid approx £23500 off loan,G E Money want another £22,000.
He has a mortgage for £66,000 with another company with no arrears.
Sent SAR request in July and discovered the PPI plus *&^%$ charges.
Apparently PPI was brokered by Ocean Finance. Have chased PPI through Ocean Finance, Mr P Newey,Ocean Finance Mortgages Ltd and Cigna the underwriters.
Have spoken to Ombudsman's office,who said that chances of claiming from any of the above were slim to none.So:-
I wish to claim PPI and charges from G E Money who have received the payments from day one of the loan.
I do not understand how the rate of interest they say they charge (0.750%)
could add up to what they now want.
From reading these threads I don't think they complied with my SAR request.
I seem to have two T and C's for the PPi, but none for the actual loan. I have no proper loan agreement and certainly no idea of the rates of interest.
Son phoned GE Money yesterday and asked what they were. Was told they use Barclay's base rate.
Would sending a request for another SAR and a DSAR be a good idea,and would a glimse of the underwriting sheet do me any good?
I have some other questions,but perhaps I should walk before I can run!
Please could someone help. Thank you for reading.
Please, could I have some direction and advice concerning G E Money and claiming from them.
This is my son's loan. He has always been self employed and works in the construction industry. He builds things, doesn't try to destroy as G E Money does,so has asked me to help.
Secured Loan for £17,400 taken out with IGroup in July 2004.Term of loan 90 months.
Loan for £15,000 plus £2,400 for front loaded PPI.Term of PPI 60 months.
Has been in trouble with loan over years which culminated in a suspended possession order(2006) being activated in July 2013.
Loan finished Jan 2012, but kept on with repayments.
Went to Court and Judge granted a Time order.Payments are now £556 per month.
Has already paid approx £23500 off loan,G E Money want another £22,000.
He has a mortgage for £66,000 with another company with no arrears.
Sent SAR request in July and discovered the PPI plus *&^%$ charges.
Apparently PPI was brokered by Ocean Finance. Have chased PPI through Ocean Finance, Mr P Newey,Ocean Finance Mortgages Ltd and Cigna the underwriters.
Have spoken to Ombudsman's office,who said that chances of claiming from any of the above were slim to none.So:-
I wish to claim PPI and charges from G E Money who have received the payments from day one of the loan.
I do not understand how the rate of interest they say they charge (0.750%)
could add up to what they now want.
From reading these threads I don't think they complied with my SAR request.
I seem to have two T and C's for the PPi, but none for the actual loan. I have no proper loan agreement and certainly no idea of the rates of interest.
Son phoned GE Money yesterday and asked what they were. Was told they use Barclay's base rate.
Would sending a request for another SAR and a DSAR be a good idea,and would a glimse of the underwriting sheet do me any good?
I have some other questions,but perhaps I should walk before I can run!
Please could someone help. Thank you for reading.
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