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Niddy kindly looked at my cahoot flexiloan last year and explained it is enforceable. It is now in default and solcs are demanding payment of the full amount to westcott ( santander agent ) or they may take court action within 7 days. (now gone past)
I phoned Santander Collections prior to the default ready to discuss if a payment plan was possible and was told by the operative that he could see some form of error on the account and stated that it would be looked at and that there would be no action or further interest whilst this was being investigated, it still is after nearly 8 weeks.
I also have a letter going back feb 2011 was from Sandander admitting a further error in not contacting me, the last contact/ payment prior to this was from cahoot in june 2008
and during this period a large amount of interest was applied to the account.
I understand it is enforceable but want to know if you think I can get the interest reduced before I make an offer of settlement or do I even have time to do this before I receive court papers? Or should I do this?
Would it be best to post the sequence of events/ info I have, on a diary or would I just be wasting everyones time as there is no option and therefore try to do a deal on my own. I am not paying anything atm so presume this would look really bad if I dont start paying immediately.
If I am being stupid cols someone please advise me what to do.
Thanks for any input.
Sick with worry
I phoned Santander Collections prior to the default ready to discuss if a payment plan was possible and was told by the operative that he could see some form of error on the account and stated that it would be looked at and that there would be no action or further interest whilst this was being investigated, it still is after nearly 8 weeks.
I also have a letter going back feb 2011 was from Sandander admitting a further error in not contacting me, the last contact/ payment prior to this was from cahoot in june 2008
and during this period a large amount of interest was applied to the account.
I understand it is enforceable but want to know if you think I can get the interest reduced before I make an offer of settlement or do I even have time to do this before I receive court papers? Or should I do this?
Would it be best to post the sequence of events/ info I have, on a diary or would I just be wasting everyones time as there is no option and therefore try to do a deal on my own. I am not paying anything atm so presume this would look really bad if I dont start paying immediately.
If I am being stupid cols someone please advise me what to do.
Thanks for any input.
Sick with worry
Didn't you start another thread on here about this recently (*Newbie Needs Advice* 13th Sept) 
I guided you to Oscar's thread (*Cahoot Flexiloan* 8th Nov) where he got a £3k refund from Santander due to a recent FOS ruling on the firm's rate-jacking policy. Loads of others did too. I admitted at the time (23rd Jan) that I was useless at links so the amazing Flower Power posted it up for you - although her charges for Room Service were rather high as I recall 
Bosdog there are new replies to this on your other thread.
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