Originally posted by GregRickshaw
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Things about to get very serious and much more real? / Felicitas Letters
Collapse
X
Collapse
-
-
Originally posted by stickytoffee View PostHello everyone, I am new to this site so please be nice to me. Last week I received a letter from FS Capital asking for money. This is in regard of a scheme with K2. While searching on the web, I found a template letter from Andy Wood, I have downloaded that letter and sent to FS Capital. I haven't received any response yet. I have also called Andy Wood company and I was told that they are not involved anymore with any disputes in regards to this matter. Would anyone be able to advise me what to do please? I have absolutely no intention to part with any money but I wonder if FS Capital is actually in a position to make these kind of requests? Thanks in advance.Comment
-
Hi, if you search the forum for K2 / FS Capital you'll find a thread on FS Capital - I received the same letters about a year ago - I downloaded the same letter you mentioned - FS capital responded on a selective basis sending the info that suited them and demanding the 'loan'. At this point I stopped wasting my time with them and have heard nothing for the last 12 months (I know several people who were on K2 and none have paid FS Capital). I understand they are just fishing for a settlement of some sort ~1-5% of the loan. They will never receive a penny from me under any circumstance and unlike others on here I don't believe they have a hope in hell of claiming any money legitimately.Comment
-
I just came across the following on HMRC's website:
Unless subject to certain statutory exemptions, the lender and any third party seeking to recover the debt must:- be authorised by the FCA
- hold the appropriate FCA lending permission
The loan will be unenforceable if the original lender was not authorised with the appropriate FCA lending permission. Any third party the original lender has transferred the loan to that is seeking to recover the debt from you without the appropriate FCA lending permission or exemption would be acting unlawfully. You can check a firm’s authorisation status and regulatory permissions using the Financial Services Register: register.fca.org.uk. If the lender has not complied with the CCA, it is up to the courts (not the government or the FCA), to decide whether to allow enforcement of the loan.
FS CAPITAL LIMITED do not seem to be listed.... I may well be wrong and as stated I will never pay anyway but if this is correct they have no right to attempt to reclaim the "loan" anyway.Comment
-
Originally posted by DavidD View PostI just came across the following on HMRC's website:
Unless subject to certain statutory exemptions, the lender and any third party seeking to recover the debt must:- be authorised by the FCA
- hold the appropriate FCA lending permission
The loan will be unenforceable if the original lender was not authorised with the appropriate FCA lending permission. Any third party the original lender has transferred the loan to that is seeking to recover the debt from you without the appropriate FCA lending permission or exemption would be acting unlawfully. You can check a firm’s authorisation status and regulatory permissions using the Financial Services Register: register.fca.org.uk. If the lender has not complied with the CCA, it is up to the courts (not the government or the FCA), to decide whether to allow enforcement of the loan.
FS CAPITAL LIMITED do not seem to be listed.... I may well be wrong and as stated I will never pay anyway but if this is correct they have no right to attempt to reclaim the "loan" anyway.
We covered this in the first few pages.merely at clientco for the entertainmentComment
-
-
Originally posted by eek View Post
Loans made to you by your employer are one of those statutory exemptions.
We covered this in the first few pages.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
There is a little justice in the world, be it a lenient, but still a little
https://www.contractoruk.com/news/00...&utm_source=NLComment
-
Originally posted by Monkeypower View PostThere is a little justice in the world, be it a lenient, but still a little
https://www.contractoruk.com/news/00...&utm_source=NL
It just doesn't seem to be that high or fair when you are this close to it.merely at clientco for the entertainmentComment
-
But Sacco can just carry on if he wishes by using a sock puppet for his directorships. Really, this type of practice that results in nothing substantive in the way of punishment is effectively a green light for others to carry on. It's very sad.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Disqualified umbrella company director Adrian Sacco 'got a mere slap on the wrist' Yesterday 22:47
- Contractors' Questions: Should contractors use LinkedIn's Social Selling Index (SSI)? Yesterday 08:45
- FCSA waters down umbrella company code, settling for 'reasonable effort' on contractor holiday pay Jul 4 08:18
- Contractor confidence returned to positive territory at the start of 2022 Jul 1 08:05
- A contractor's guide to umbrella company contracts Jun 29 08:33
- 5 questions contractor recruiters should ask umbrella companies Jun 29 08:07
- Contractors at risk of being taken in by bogus badges from 'sham' accreditation outfits Jun 29 07:02
- Am I liable for my limited company's Bounce Back Loan? Jun 28 09:06
- Contractors who exploit 'Work From Home' gigs risk landing themselves in hot water -- and you back at your desk Jun 28 08:01
- Exchequer Solutions Ltd and its GBP11million tax bill: are there implications for contractors and providers? Jun 27 08:18
Comment