Things about to get very serious and much more real? / Felicitas Letters

[Fred Bloggs]

Thanks eek, totally agree as it has helped me.

Do not settle, not even a penny, let a judge decide, remember the scheme providers will also be putting their heads above the parapet if it came to that!

This thread and other threads in the past would put off other providers !

The public good that CUK has acheived by being here and facilitating this and many other discussions can't be measured. I don't think it's too strong a view to say that CUK has literally saved lives along with probably millions of ££££s for many people. Even people who never heard of CUK. Long may it continue.

[Monkeypower]

Thanks eek, totally agree as it has helped me.

Do not settle, not even a penny, let a judge decide, remember the scheme providers will also be putting their heads above the parapet if it came to that!

This thread and other threads in the past would put off other providers !

[eek]

If Felicitas are calling back loans would a thread such as this not highlight to other Trust owners that they could do the same? If this gets any kind of backing and the result is that people who used them have to repay the loan then that will make the actual loan charge look like a walk in the park. If it were me I would stop this thread before things accelerate and get a whole lot worse.

Why?

HMRC have already announced that they won't stop other trust owners from doing similar

And why should we close a thread that is helping people who are impacted by Felicitas on the off chance that it may stop another trust owner from attempting something similar (spoiler - it wouldn't).

[BenDover]

If Felicitas are calling back loans would a thread such as this not highlight to other Trust owners that they could do the same? If this gets any kind of backing and the result is that people who used them have to repay the loan then that will make the actual loan charge look like a walk in the park. If it were me I would stop this thread before things accelerate and get a whole lot worse.

[Wtaf]

Mine is exactly the same. There is nothing sophisticated about that bunch of clowns.

[GotScrewed]

Yeah, mine had that too, presumably all did?

this is their definition of ‘proof’, effectively a mailmerge :P that anybody could have knocked up….

[DanJackiels]

While I was debating taking up their latest offer, I re read the letter and noticed this bit at the end that was stuck on as a "schedule". Which made me not proceed.

There is a table with Date of Agreement/Manner of Consent/Extract of terms, and they have bucketed the loans into two groups, which are split as follows.

Group one:
Date of Agreement - Not Machine Readable
Manner of Consent - Consent either indicated by signature on paper agreement or implied by actions.
Extract of terms - Each Loan shall be repayable on or before the thirtieth anniversary of its being made.


Group two:
Date of Agreement - None
Manner of Consent - Terms were not agreed.
Extract of terms - In the absence of agreement to the contrary, the sum is repayable on demand. However, this is not a demand.


Has anyone else got something like this?

[WJK]

I'v read the txt of a colleague who got the same @ 1.30am! It shows how unprofessional they are and also I found it Intimidating bordering on harassment to the individual.

[DanJackiels]

So pay the £775 with the requirement that it includes all documentation HMRC need to confirm the loans are paid off (which will allow you to ask for full assurance that Fecilitas own the loans and have authority to right the loans off).

It would be a very brave company to continue asking for money if you had that documentation...

hence my 'acceptable loss' comment.

[eek]

i'm tempted to pay 775. it may be an acceptable loss if it does come back to bite me. ultimately will never be fully in the clear with HMRC until they are happy loans are written off/IHT is covered...

So pay the £775 with the requirement that it includes all documentation HMRC need to confirm the loans are paid off (which will allow you to ask for full assurance that Fecilitas own the loans and have authority to right the loans off).

It would be a very brave company to continue asking for money if you had that documentation...