SPECIFIC CASE 1: PAYING FIRST PLUS FOREVER
This is a genuine case of what we are presenting as THE SPIRIT OF MAMMON in action. It is the role of banks to be profitable and pay staff including executives reasonable wages.
What we are witnessing however is a payment of bonus to high ranking banking officials with bonuses far higher than even the salary of our Prime Minister and Cabinet Colleagues.
We believe that over the last twenty years banking deals have been weighted towards banks and banking bonuses, bonuses being gained through the destruction of the lives of many victims both in personal and in business banking.
Our argument is that it is expected practice that when a variable rate is advertised, then when the Bank of England Base Rate goes down the rate goes down, but as we show in this presentation First Plus have even put rates up when the base rate has gone down. The "This Is Money" website questions too whether there is a monthly or annual interest rate calculation in force now resulting in 12 times more having to be paid by the victim.
It is the role of this Christian Website to set the captive free and so if you have been trapped by First Plus, please read the following genuine log and contact us if you would like help in being free! Where you read PROOF and a number this refers to a code to papers of evidence we hold.
This is such a serious case, the victims are happy to be named and lead the way for other slaves to follow them over the Red Sea to freedom! We are not bound to secrecy!
APPRAISAL OF CASE: January 2011
Key Points
1) Pushed into taking Higher Loan:Proof 1 – Original Enquiry of 07 09 05 enquiring for £40,000.Proof 2 = First Plus Financial forced all lending to be declared and insisted they took the lot. (Heavy Control and Manipulation) Proof 2A = was even a agreement for £70,000.
Under pressure the victims accepted a loan for £81,150. They did not want this much but were forced into it if business was to take place!
2) Mis-sold Payment Protection:This was accepted but the whole figure of Protection Fee put on top of loan & presumably charged interest on. Unfair Practice. Normally insurance would be simply taken out monthly. Proofs 3&4
Persuasive selling resulted in the acceptance of insurance that was not needed, a point that was accepted by the banks agent loans.co.uk and First Plus themselves.
3) Original Loan Agreement: Proof 5: the law has to be applied in a certain way: “law and justice in mercy.” This is a constitutional demand, it being law that if we can prove that victims of the bank have been trapped, it is by constitutional law that they have to be set free.
i) Interest Rates Variability: Proof 6. Clear with First Plus – if Bank of England Base Rates go up – then their rates go up & quoted 14 04 07 PROOF 6A; 16 07 09 PROOF 6B.
When rates dramatically went down = NO REACTION (except to put up rate on 1 occasion) till 05 03 08 with only a 1.1% decrease with no comment over base rates as in PROOFS 6A &B. PROOF 6C & 18 02 09 PROOF 6D.
Indeed letter of 14 05 08 showed a complaint that when Bank of England rates went down FIRST PLUS rates went up! PROOF 6E. First Plus letter saying rates not linked to BASE RATE 12 06 08 PROOF 6F. Looking into rate concerns PROOF 6G.
http://boards.thisismoney.co.uk/tim/threadnonInd.jsp?forum=87&thread=66826 reports that First Plus mathematics on interest rates is that the calculation is not like an annual APR which is how the deal was sold but monthly meaning it is 12 times higher than a normal loan. If this is true victims pay this loan forever. We were sold a loan as a mortgage – not adverse but a normal loan. We have not got what we bought. PROOF 6H.
Also Real Life Claims http://www.reallifeclaims.com/#/first-plus/4543076178 ask questions in relation to secret commissions when selling the loan, increasing loan interest amount without our knowledge, not offering other alternatives that might have been available, added on PPI when it may have not covered us, states 20 million policies mis sold in UK. PROOF 6I
Also the sellers of the deal were also found out by FSA for mis-selling PPI and so if they mis-sold that that it follows with all the other information gathered here that the whole deal was mis-sold PROOF 6J. This malpractice by www.loans.co.uk was not known by us when we were sold the First Plus deal.
There are many questions around this company, the Daily Mail reporting possible action in relation to unfair contract rules.
4) Legal Charge Over Property: Proofs 7&8
Even though the lender has control over the victim's house, this is not reflected in interest rates that have increased in times of recession. No doubt the soundbite will be that this is because of falling house prices but surely those in contract together should work together and take new situations together. The contract however is weighted, weighted towards the lender.
5) Advertising:
ii) In Payment Protection Booklet no mention of putting the cost of the cover onto the loan, this presumably having interest on it. PROOF 10
iii) Rachel Helpful Presentation. PROOF 11
iv) Use of the term “Life is For Living” PROOF 12
We hold copies of advertising luring victims into the hold of this Bank. The statement of "Life is for Living" now looks sick and so First Plus has to take blame and responsibility for advertising a product that is destroying people's lives rather than bringing life to them. Only JESUS does this and he gave his life for the victims of mammon. Are we to see the same response that Jesus gave to victims from First Plus?
6) SUBJECT ACCESS REQUEST: Letter dated 28 August 2010 sent
For £10 one can request all the documentation both paper and electronic from First Plus. This is what came back to us.
a) Accompanying letter saying information sent in accordance with Section 7 (1) of the Data Protection Act 1998. PROOF 13
b) Copy of Loan Agreement. PROOF 14
c) Copy of Legal Charge. PROOF 15
d) The Freehold and Abstract of Title. PROOF 16
e) Direct Debit Mandate. PROOF 17
f) External Valuation Report. PROOF 18
g) Application Information. PROOF 19
h) Complaint of increasing interest rate when base rate went down. PROOF 20
i) Solicitor's Letter. Consumer Credit Act 1974. Request. 11 02 09. PROOF 21
j) First Plus Letter to Solicitors's. PROOF 22
k) Letter of 12 June 2008 saying FIRST PLUS rates not linked to changes in base rates. PROOF 23
l) Looking into rate concerns dated 21 05 08. PROOF 24
m) 10 04 07: Refund of over-payment. £2,455 credit of account. £4000-10 cheque to cover over-payment on the loan. Proof had been charging interest on the protection. PROOF 25
n) Opening Letter and Account Details. PROOF 26. Original Loan 88150 – 01 12 05 so say after 5 years paid app £1000 a month = £60,000 in but account shows £63867 0wing and at present rate of interest app £61867 owing on 5 year anniversary.
The interest paid does not relate to a fair deal, at this rate the paying will go on and on!
We believe there is more than enough evidence to show that the First Plus deal has been thoroughly mis-sold this deal both by www.loans.co.uk and First Plus. It has to be acknowledged that a totally unsuitable product was sold, a product that would completely remove the ability to own a house as the product involves vast amounts of interest being paid to , interest linked to “market conditions” and not the base rate as it seemed to be on taking the loan. If it is true that First Plus calculations link to a monthly rather than annual interest rate calculations, this means victims considerably more to First Plus than that was agreed.
We hold proof on www.loans.co.uk that they have a record with FSA for mis-selling and we believe too that there was an onus on First Plus by having this company as their agent that proper presentation of the product was necessary.
We are determined to prove that the apparent deal shown here we is invalid. We are awaiting an acceptance of this by First Plus, legal action being planned should this not occur.
THE SPIRIT OF MAMMON is again found and David, our little website has its spiritual stones ready to pull down this spiritual Goliath.
