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27 October 2010

what is the mode of operation when getting a loan from a bank through a training firm?

A firm told me that I can be trained to become electrician without initial fee, and can arrange for a one year interest free loan of £5k plus, when i registered they gave 14 days cancellation period should I not want to continue but it took them more than 3wks to get me a placement, at this time the 14 days has elapsed. And when I eventually started I found out that all they told me are all lies, including helping me solve course problems, but they never helped. but the funny part of it. is that the same bank that granted me the loan through the training center had told me a week earlier that i am not credit worthy of £5000 and refused me, surprisingly they granted me the same loan through the training. Is this not a fraud? when I noticed what was going on I asap informed the bank and told them also that i will not pay back the loan. so some of my questions are Is it legal for a creditor to write a debtor informing him that he will be receiving from them debt reminder every six (6) months until he has paid off the money owned? when can a creditor take a debtor to court even when the debtor have refused verbally and in print to them that he will not pay a dime to them?

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