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1. Restons solicitors obtained a CCJ against me in 2007 when I defaulted on a £25,000 HFC loan, (default balance £23,844.83). The amount submitted to court was inflated with a collection charge of £4,976.92. A one-time lump sum interest charge of £6,010,75 was also added to the default balance without details - Total adjusted debt £34,832.50! Both these charges were never recorded in HFC or HSBC loan books. I could tell from the HFC/HSBC loan statements I have received from 2008 to 2023.
2. The collection charge of £4,976.92 was subsequently overturned by the Financial Conduct Authority (FCA) in 2009/2010. Restons secretly reversed the collection charge by book entry without my knowledge. I only became aware of the overturn recently in an on-line forum and when Restons and HSBC each sent statements with astonishingly different loan balances.
3. Restons are chasing me for the outstanding balance of £5,196.39 which in reality is interest that they added and has never been substantiated or appeared on any HFC/HSBC loan statements that I have received.
4. The CCJ has never been recorded on my credit file or enforced for 18 years. I did not put up a defence when the CCJ was issued in 2007 because I was very confused and overwhelmed with multiple debts.
5. I would like to challenge the validity of this whole thing using form N244 on the basis that Restons misled the court when they submitted an inflated loan amount and added interest without disclosing how it was calculated. I requested once. The response was they also do not have the calculations.
6. Or should I just ignore demand letters from Restons hoping that Restons will have difficulty obtaining court approval to enforce the CCJ which has been dormant for eighteen (18) years.
7. I cancelled the standing order which I was paying through StepChange in November 2024.
Help will be appreciated.
2. The collection charge of £4,976.92 was subsequently overturned by the Financial Conduct Authority (FCA) in 2009/2010. Restons secretly reversed the collection charge by book entry without my knowledge. I only became aware of the overturn recently in an on-line forum and when Restons and HSBC each sent statements with astonishingly different loan balances.
3. Restons are chasing me for the outstanding balance of £5,196.39 which in reality is interest that they added and has never been substantiated or appeared on any HFC/HSBC loan statements that I have received.
4. The CCJ has never been recorded on my credit file or enforced for 18 years. I did not put up a defence when the CCJ was issued in 2007 because I was very confused and overwhelmed with multiple debts.
5. I would like to challenge the validity of this whole thing using form N244 on the basis that Restons misled the court when they submitted an inflated loan amount and added interest without disclosing how it was calculated. I requested once. The response was they also do not have the calculations.
6. Or should I just ignore demand letters from Restons hoping that Restons will have difficulty obtaining court approval to enforce the CCJ which has been dormant for eighteen (18) years.
7. I cancelled the standing order which I was paying through StepChange in November 2024.
Help will be appreciated.
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