Cahoot flexi loans.

[Never-In-Doubt]

Re: Cahoot flexi loans.

Nope no arrears - fully up to date - although they have been charging me 0% for last few months (after REJECTING a similar request)

Think I can see where you are going but quite happy for it to come off balance, and remember, some of my banking is with Santander

what? If you're up to date then they refund it to you - they have no right to offset it mate.

However common sense would suggest that the overall balance does get reduced so may be better letting them pay into the debt.....

[PlanB]

Re: Cahoot flexi loans.

what? If you're up to date then they refund it to you - they have no right to offset it mate.

However common sense would suggest that the overall balance does get reduced so may be better letting them pay into the debt.....

If Santander pay it into Oscar's account won't they then be able to immediately reduce his credit limit so he doesn't get the benefit? Banks do this out of spite some times

[PlanB]

Re: Cahoot flexi loans.

It is indeed to do with rate jacking. Of course, taking my letter into account, and all other information, there is nothing to suggest Santander have made an error ....... BUT as a gesture of goodwill blah blah blah. If you want a copy of my letter, feel free to PM me.

I will definitely PM you later about the contents of your letter although I'm shocked to hear the words Santander and Goodwill in the same sentence

Rate jacking is a massive issue for people in debt. NatWest have raised mine every six months without fail for the last 3 years because I'm a perceived risk. This is on an account which has never ever had a late payment, gone over the limit, or missed a payment due. The bank says it does it because it can basically. Er, I'm thinking if they worry I may default aren't they making that more likely by raising my interest rate? No point in going to the FOS on this point because they say they don't interfer in "commercial decisions". Sod TCF I presume

Does anyone have a link to the original thread from OTR?

[oscar]

Re: Cahoot flexi loans.

If Santander pay it into Oscar's account won't they then be able to immediately reduce his credit limit so he doesn't get the benefit? Banks do this out of spite some times

Given the "flexi" facility has been withdrawn, that doesnt really matter.

EDIT - LINKY to the thread OTR (providing you still have access!)

[Never-In-Doubt]

Re: Cahoot flexi loans.

EDIT - LINKY to the thread OTR (providing you still have access!)

Want me to ban your ass..... !!

[oscar]

Re: Cahoot flexi loans.

Want me to ban your ass..... !!

Sorry Boss.

But people did ask about the original thread

Besides, what ya banning me for? the link or suggesting people are banned!

[PlanB]

Re: Cahoot flexi loans.

Want me to ban your ass..... !!

Oh no please don't do that to Oscar I found that information really helpful and I'm going to have a go at my HSBC Flexiloan as a result

[oscar]

Re: Cahoot flexi loans.

Confirmation - balance reduced by the refund amount.

[PlanB]

Re: Cahoot flexi loans.

Isn't that what you wanted to happen because it may not be money in your hand but you're going to be richer on paper

I still haven't grasped why Santander are paying up all this money to borrowers after they just send one email to the CEO's office. What exactly did they do wrong? I think you said that they upped the APR rate on the loan after they bought the account from elsewhere. So I can only preume that there was nothing in the original Ts & Cs which allowed that to happen.

I've checked the very small print in a HSBC FlexiLoan I have from 2004 which says they can change the terms at the Banks' discretion. That sounds jolly unfair to me

[Never-In-Doubt]

Re: Cahoot flexi loans.

I've checked the very small print in a HSBC FlexiLoan I have from 2004 which says they can change the terms at the Banks' discretion. That sounds jolly unfair to me

All agreements state this

[PlanB]

Re: Cahoot flexi loans.

All agreements state this

Then ALL agreements are unfair PANNON GSMZrt vs ERZEBET SUSTKNE GYORFI. It's in the website's document database bit - but I can't do links, pathetic I know

[Never-In-Doubt]

Re: Cahoot flexi loans.

Then ALL agreements are unfair PANNON GSMZrt vs ERZEBET SUSTKNE GYORFI. It's in the website's document database bit - but I can't do links, pathetic I know

Yea most agreements are unfair and geared toward the lender, but like most things they can change rates and key terms at any point, so long as they give you notice.

That's why it became such a big issue with Rate Jacking, and now if you disagree with any material change to the rate you refuse it, then convert the credit account into a repayment account thus retaining the original agreement points whilst rejecting the revisions, and keeping your account healthy in that respect (ie correct CRA data being reported).....

[Never-In-Doubt]

Re: Cahoot flexi loans.

PANNON GSMZrt vs ERZEBET SUSTKNE GYORFI.

You been speaking to paul waaaaay too much - you really don't need to quote these things to me

[PlanB]

Re: Cahoot flexi loans.

You been speaking to paul waaaaay too much - you really don't need to quote these things to me

I just wanted you to know that we do actually read and value the things you post on here for us - even the case law with unpronounceable names

I shall be testing this unfair clause argument in court soon and I'll report back

[Never-In-Doubt]

Re: Cahoot flexi loans.

PANNON GSMZrt vs ERZEBET SUSTKNE GYORFI.

Link to the case in question ---> http://eur-lex.europa.eu/LexUriServ/...8J0243:EN:HTML