Flexiloan agreement, enforceable?

vixta · 23rd March 2009, 11:39

http://i492.photobucket.com/albums/r.../MaCahoot1.jpg

http://i492.photobucket.com/albums/r.../MaCahoot2.jpg

My mum received a letter today from Debt Management and Recovery Services Ltd, who are a part of Abbey National plc.

Am I right in thinking these are their in house debt collectors? Does anyone know different?

The letter is a default of payment notice which isn't sent under the consumer credit act. What are these about?

Also does anyone know of any problems with cahoot flexiloan agreements? This is my mums that is posted above?

Thanks in advance for any info anyone can give.

Vixta

vixta · 24th March 2009, 11:50

I am particularly concerned about the apr info, whether it is enough to make it enforceable? Can anyone help please?

craigers · 24th March 2009, 12:01

DMRS are indeed the in-house collection wing of Abbey.

As for the agreement I'm no expert. The paragraph below the signature autolinker.com autolinking image

box, "blah blah blah only binding on us if it is returned within 60 days and we have completed our final checks" is what interests me. I don't understand how it can be deemed an agreement when you have effectively yet to be accepted. Its like the final part of an application.

23rd March 2009, 11:39	#1 (permalink)
vixta Basic Account Holder We need funds Please donate something Cagger since : Jun 2008 I am in: Down the lane Posts: 117	Flexiloan agreement, enforceable? http://i492.photobucket.com/albums/r.../MaCahoot1.jpg http://i492.photobucket.com/albums/r.../MaCahoot2.jpg My mum received a letter today from Debt Management and Recovery Services Ltd, who are a part of Abbey National plc. Am I right in thinking these are their in house debt collectors? Does anyone know different? The letter is a default of payment notice which isn't sent under the consumer credit act. What are these about? Also does anyone know of any problems with cahoot flexiloan agreements? This is my mums that is posted above? Thanks in advance for any info anyone can give. Vixta

24th March 2009, 11:50	#2 (permalink)
vixta Basic Account Holder Worried about companies stealing your signature? Use our new digital signature service Cagger since : Jun 2008 I am in: Down the lane Posts: 117	Re: Flexiloan agreement, enforceable? I am particularly concerned about the apr info, whether it is enough to make it enforceable? Can anyone help please?

24th March 2009, 12:01	#3 (permalink)
craigers Basic Account Holder We need funds Please donate something Cagger since : Oct 2008 Posts: 535	Re: Flexiloan agreement, enforceable? DMRS are indeed the in-house collection wing of Abbey. As for the agreement I'm no expert. The paragraph below the signature box, "blah blah blah only binding on us if it is returned within 60 days and we have completed our final checks" is what interests me. I don't understand how it can be deemed an agreement when you have effectively yet to be accepted. Its like the final part of an application.