West 28th Street Limited

[Superfly]

I honestly feel this forum has done ten times more than these law firms ever have. People have taken the time to scrutinise what’s been sent out, share their thoughts and experiences, question things that don’t add up, and collectively push the relevant regulatory authorities to take notice.

There’s clearly strength in people coming together and sharing information, and I think that’s made a real difference.

Keep going, everyone. Stay engaged, maintain the strength of your own legal position by disputing their threats and shining a light on their nefarious actions. Let’s keep the pressure on until this is finally over!

 

[grahamc]

FCA has already come back to me with additional questions from my complaint this morning. Lots of additional info, but appears to be an actual response. So, I would say they are definitely taking this very seriously

 

[corsair]

I have just spoken to the FCA and they have asked for copies of the documents.
Please don’t sit back and let ‘others’ take care of this, call them and ask for help they are clearly interested.

I was clear to them that I had been paid salary in part of a tax avoidance scheme, and was clear that I had paid all outstanding taxes in agreement with HMRC demands, and that it is clear that these payments were never expected to be actual loans. No credit checks, no registering of debt with agencies and the likes of experian etc. no schedule of repayments, nothing.

They confirmed that West 28th do not have the required FCA approval for money lending and that’s why they have appointed Ethica. Treathowans seems to be waking up to the fact that this isn’t straight forward.

 

[rsa]

I also received the letter, but this morning. Having read your comments I'm reassured they really don't have a leg to stand on which I've thought every time I receive such letters..as we all know this has been going on for several years ..! One of the comments suggests to reply and dispute the loan, which only means I'm entering into a conversation with them, which I don't want to do. If i/we don't reply what are the consequences if any. I'm only inclined to reply should I receive a formal letter from Court..?

 

[TW2001]

Two different things with the FCA, worth not mixing them up.

Reporting a firm's conduct = the FCA's "Report a concern" form. The FCA logs it and uses it in supervision, but it won't decide anything about a claim, it mainly just puts the firms on the FCA's radar.

Objecting to a validation order = a separate thing you raise with the FCA in its own right. A validation order is FCA permission to enforce an agreement that otherwise couldn't be enforced. The firm has to apply for it, and the FCA can only grant it if it's satisfied that it's "just and equitable in the circumstances of the case" — and its own page says consumer detriment is one of the things it looks at.
So your own circumstances are relevant, but only if the FCA actually has them.
The exercise to contact affected consumers is run by the firm applying, not the FCA. A conduct complaint won't get a validation order objection in front of them, you need to put it to the FCA as an objection to Validation, separately.

 

[strawberry]

Two different things with the FCA, worth not mixing them up.

Reporting a firm's conduct = the FCA's "Report a concern" form. The FCA logs it and uses it in supervision, but it won't decide anything about a claim, it mainly just puts the firms on the FCA's radar.

Objecting to a validation order = a separate thing you raise with the FCA in its own right. A validation order is FCA permission to enforce an agreement that otherwise couldn't be enforced. The firm has to apply for it, and the FCA can only grant it if it's satisfied that it's "just and equitable in the circumstances of the case" — and its own page says consumer detriment is one of the things it looks at.
So your own circumstances are relevant, but only if the FCA actually has them.
The exercise to contact affected consumers is run by the firm applying, not the FCA. A conduct complaint won't get a validation order objection in front of them, you need to put it to the FCA as an objection to Validation, separately.

I don't think they have applied for the validation order yet? May be mistaken

 

[TW2001]

I don't think they have applied for the validation order yet? May be mistaken

Agreed, it looks like no application has been made yet. But, doesn't stop you writing to the FCA now. Worth asking them to record your objection against any future application, to tell you if one is submitted and when you can make representations, and to treat you as a person affected so you get notified of any decision either way. Nothing lost if it never happens.

Just send it as its own thing rather than rolled into a conduct complaint, different route, and you don't want the two ending up merged under a different reference.

 

[cojak]

To voice a new poster’s question:

They don’t want to dispute the loan as they don’t want to get into a conversation with Trethowens.

What are the consequences if they continue to ignore Trethowens/W28 demands and wait for a court order?

 

[luca0136]

submitted my complaint to the FCA!!

 

[mikcyp20]

Is it naive to think that a court order can only arrive if and only if the fca first awards a validation order?

And secondly, would these validation orders be attempted to be granted on an individual basis? 6000 of them?

I would think the prudent thing here is to respect some sequence and do this in bulk. No?