suing a loan company unsure of assets.
- Thread starter cul8rm8e
- Start date
- Original Poster
- #3
In a nutshell the lender was contracted to provide funds in a number of stages. The lender provided the first stage funds then pulled the plug leading to substantial loss of profit to the borrower. The whole issue of the breach is clear and is not in question. The real issue here is their assets and liability cover (ability to pay compensation ) to the borrower when the courts rule.
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F
Feldon
Did the lender give a reason? i find it very strange that they would make the first of a series of staged payments and then not make any further payments. The only reason i can think of is that you did not fulfill your obligations or something came to light in the original application that has since be found out to be not true and had they known this they would not have lent in the first place.
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- Original Poster
- #7
Feldon i really dont want to go into that side of things on this thread, everything that side is in order and the lender is at the mercy of a very very experienced advocate of 40 years.
To be honest most ppl feel and comment, clearly with no intention to offend that it must be the borrower who is at fault. In this case itd most def not, in a nutshell the police are also involved and awaiting all original document that the solicitor holds to be provided to them immediately after the civil action has been concluded. This has become a very very serious matter involving a number of organisations and will not under any circumstances be swept under any carpet.
If you have any comments on the original post question it would be appreciated.
To be honest most ppl feel and comment, clearly with no intention to offend that it must be the borrower who is at fault. In this case itd most def not, in a nutshell the police are also involved and awaiting all original document that the solicitor holds to be provided to them immediately after the civil action has been concluded. This has become a very very serious matter involving a number of organisations and will not under any circumstances be swept under any carpet.
If you have any comments on the original post question it would be appreciated.
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- Original Poster
- #8
Ethical PR
I agree with that most def, but as mentioned thats in order.
Thanks
PS I have always stated that this whole fiasco will be made available for all to read and will show details of every single individual and organisation involved. Even until recently i had the FCA contact them to make changes to their online presence for giving false company information to potential clients. I know they know its me but i will be watching them like a hawk so i can reveal everything they have and still trying to do.
If you like reading you will truly enjoy this story based on factual events all with documents to prove the facts.
I agree with that most def, but as mentioned thats in order.
Thanks
PS I have always stated that this whole fiasco will be made available for all to read and will show details of every single individual and organisation involved. Even until recently i had the FCA contact them to make changes to their online presence for giving false company information to potential clients. I know they know its me but i will be watching them like a hawk so i can reveal everything they have and still trying to do.
If you like reading you will truly enjoy this story based on factual events all with documents to prove the facts.
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Feldon
I have read a little bit more of this now on your other threads, i have been in the past a mortgage adviser and i am in the process of joining a broker as a self-employed loans adviser, so have a little knowledge of this industry. I have never heard of your particular circumstances before as mentioned on the other thread. I meant no offence Cul8rm8e, just curious and now i know a little more of the facts i certainly think that it was very strange but must admit i can not offer any advice other than to trust your solicitor. i do hope that you sort it out and wish you all the best in getting this in justice righted. I look forward to the day that you can tell the full story with hopefully a good ending.
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- Original Poster
- #13
It may be something to do with the fact they require all original documents which are with Solicitor/Advocate and would hold up this case which has been going for some time already. In any case this is an extremely unusual case as to the multiple issues being dealt with, but, also pretty simple when every document is at hand to show the big picture.
My understanding has always been that if you have a dispute over money then its a civil matter and if found to be a criminal matter it would be referred to PF. Thanks for your comments anyway
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