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This is a bit long winded so please bear with me.
Through serious illness in 2005 I had to take out a loan of £7500 to cover my mortgage payments, this loan was a second mortgage supplied by Prestige Finance. At the time they also sold me PPI which I believe they should not have done, I had informed them that I was self employed and that I had a pre existing medical condition but they still carried on with the 'hard sell'. This loan was over 8 years. I became ill again in 2010 and could not make the repayments (on both occasions I had brain tumours removed and had to be out of work for 1 year, due to restriction on driving) I investigated the PPI thing and discovered that it had expired after 1 year anyway! I complained about this and they sent me a copy of the original conversation, what a joke, it had clearly been edited because I remember aspects of that conversation which were not there. I complained again and again over the years to no avail. D uring the period of the loan I did miss payments and incur charges, I also on two occasions completely cleared the arrears, however somehow they are telling me that I still owe them over £9000! This has to be charges because I have paid them over twice the amount I borrowed.
I have written to them asking for a full breakdown/explanation of the charges they are claiming from me, I have also told them that I actually prefer this to be heard in a county court as in my opinion it is impossible for these charges to be legal in any way. I am quite prepared to do this as if the worst were to happen I have the funds to clear any debt should I be horribly wrong about this.
I did put a post up about this a couple of years ago and a lot of people responded, one particular person said that Prestige Finance had ceased to trade and no longer had a license, however if prestige finance is put into a search it certainly does not indicate this.
I'm just wondering if anybody has any help suggestions how I go forward from here and if I am going about things right.
Thank you.
Through serious illness in 2005 I had to take out a loan of £7500 to cover my mortgage payments, this loan was a second mortgage supplied by Prestige Finance. At the time they also sold me PPI which I believe they should not have done, I had informed them that I was self employed and that I had a pre existing medical condition but they still carried on with the 'hard sell'. This loan was over 8 years. I became ill again in 2010 and could not make the repayments (on both occasions I had brain tumours removed and had to be out of work for 1 year, due to restriction on driving) I investigated the PPI thing and discovered that it had expired after 1 year anyway! I complained about this and they sent me a copy of the original conversation, what a joke, it had clearly been edited because I remember aspects of that conversation which were not there. I complained again and again over the years to no avail. D uring the period of the loan I did miss payments and incur charges, I also on two occasions completely cleared the arrears, however somehow they are telling me that I still owe them over £9000! This has to be charges because I have paid them over twice the amount I borrowed.
I have written to them asking for a full breakdown/explanation of the charges they are claiming from me, I have also told them that I actually prefer this to be heard in a county court as in my opinion it is impossible for these charges to be legal in any way. I am quite prepared to do this as if the worst were to happen I have the funds to clear any debt should I be horribly wrong about this.
I did put a post up about this a couple of years ago and a lot of people responded, one particular person said that Prestige Finance had ceased to trade and no longer had a license, however if prestige finance is put into a search it certainly does not indicate this.
I'm just wondering if anybody has any help suggestions how I go forward from here and if I am going about things right.
Thank you.
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