Hi all,

Please be patient as im new to all this but am in real dire straits with swift. I took out a secured loan nearly 5 years ago for £5ooo. Due to a missing a few payments along the line and hundreds of calls and letters from Swift it now turns out the balance of the loan is £1400 with charges of approx £13500!! . Any advice would be greatly appreciated

That is disgusting and very excessive. First off, do not ignore such phone calls and letters - its a big revenue stream for some lenders as they charge for such correspondence. I would contact the FSA. T.C.F - Treating Customers Fairly is something the FSA are very hot on and your case it seems you have not been treated 'fairly'. Mention you do not feel you have been treated fairly and see what they can do. Then come back to us here and we will go to def con 2. I am thinking a no win no fee solicitor to claim back any charges and payment protection insurances. Best of luck.

Has anyone got a letter template to send to OFT regarding charges? I recieved another home visit on Friday evening from Swift,but don`t know why? Getting very down now with all this and just can`t see an end to it all!

thanks Gary

CCCS | Free debt help and debt advice from the UK's leading debt charity - will help you.

Have recieved another phone call from SWifts `Independant` field agent requesting a meeting at my property this coming Friday. Is it wise to agree to this at my property? Very concerned about this,,,,Help please

Gary

Gax, please call the CCCS, they will tell you exactly what you need to do. And no do not agree to the meeting until you find out where you stand. I want to help but you got to make the first move. I will be here to help you regardless.