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[woody1]

Since Ken is picking up the tab for this, he won't want them doing anything other than issuing threats and demands for money.

They really are parasites the lot of them, preying on people who've already been through the wringer with HMRC and paid tax & interest on the so-called loan...

[woody1]

Saw Trump and snuff in the title, and for a moment you had my hopes up.

[woody1]

You must say that you dispute the debts.

This is what you should expect from the s77 request:

https://nationaldebtline.org/get-inf...ould_i_receive
You should be sent a ‘true copy’ of your [credit] agreement that is easy to read and a statement of your account signed...

[woody1]

Good point. For those who want to be a bit more aggressive:

Dear Sir or Madam

I refer to your Consumer Credit Act default notices of <date>.

I hereby dispute every single debt you allege.

Since you are citing the Consumer Credit Act, I hereby...

[woody1]

Might be better to put it in your own words rather than using templates. Keep it short and sweet. Something along the lines of:

------------------

Dear Sir or Madam

I refer to your Consumer Credit Act default notices of <date>.

I hereby dispute...

[woody1]

I like that (a lot).

Sample letter here:
https://nationaldebtline.org/get-inf...er-credit-act/

There's more info here:
https://nationaldebtline.org/get-inf...nformation-ew/...

[woody1]

It's going to be very hard for them to show they were in any way regulated when none of the trustees would have been the least bit interested in regulation. These were pure LINO (loans in name only) to avoid tax. I can't believe there is anything in the paperwork, such as it exists, that would support...

[woody1]

Am I naive to be totally shocked that a top-150 law firm like Trethowans is engaging in such sharp practice?

Are we sure it's not Saul Goodman masquerading as them?

[woody1]

Did anyone ever get their head around how on earth these "loans" could be construed as coming under the Consumer Credit Act?

I asked AI what is covered by the CCA, and it's what I expected.

Definitely not loans from the Isle of Man.

-------------------------------------...

[woody1]

True but Judges also take into account context.

If HMRC say these were disguised remuneration payments.
If higher courts have already ruled that they were disguised remuneration payments.
If successive Governments have declared them disguised remuneration payments.
If...

[woody1]

In a hypothetical court at some point in the future...

Judge: Explain how you took out these loans.
Dave: I signed up for this scheme in the Isle of Man. Money I earned working in the UK went to this company in the Isle of Man. They then paid me a small salary and the rest as tax-free...

[woody1]

Aye, you're probably right. In which case, scummy through and through....

[woody1]

Has anyone considered writing to the Managing Partner (the boss) of Trethowans?

https://www.trethowans.com/people/mike-watson

Another possibility would be the CEO of Lawfront, who are the parent company of Trethowans.

https://www.lawfront.com/leadership/peter-...

[woody1]

I wouldn't waste your money. Just complain to the ICO. If they get enough complaints, especially against a top-150 law firm like Trethowans, they should investigate.

It's outrageous that a law firm serves you with a repayment demand, and then refuses to provide the information they hold...

[woody1]

No way. Trethowans do some CFA work, mostly personal injury, medical negligence etc, but nothing like this....

[woody1]

I wonder if he's heard of the sunk cost fallacy.

With what a firm like Trethowans are charging, he won't be able to keep this going forever.

I don't like lawyers much but in this case I'm happy to see them bleed their client dry....

[woody1]

As is often the case.

Have you ever thought of banding together and approaching Ken@W28 to see if he'll sell the loan book? He might be willing to offload it for not too silly money, especially if it's started to dawn on him what a can of worms this is.

The risk is at some...

[woody1]

Well I doubt they'll have had anyone phoning up asking how to pay.

I bet every response they've received will be a rebuttal (polite feck off)....

[woody1]

Curious as to what their "strategy" is here. Have most people received the 5th Oct repayment demands? Including those represented by Elysium and Greenwoods?

Can't imagine anyone is going to just cough up. Perhaps they're trawling for people who either don't respond at all or...

[woody1]

There are large parts with no speed limit though.