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Originally posted by debrag View Post
Debt 12 QQ
Opened: January 2012
Current balance: 481
Last installment payment: £110.00 | February 2012
Last payment to QQ: February 2016
Arrangement: Reduced payment
Status: No longer on credit report
Owner: Lantern
Originally posted by debrag View Post
As this debt is enforceable should I continue to make the £2 monthly payment or should tell them that the account is in dispute following an IRL claim on going?
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Have you sent MMF a S.77/78 CCA plus £1 request? If not do so then stop payments after 14 days because it is UE until they produce a Valid CCA.
I wouldn't mention IRL claim at this time, save this for later. When and if it becomes necessary! (HOLD YOUR CARDS CLOSE TO YOUR CHEST!!)
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Originally posted by debrag View PostDebt 12 QQ
Opened: January 2012
Current balance: 481
Last installment payment: £110.00 | February 2012
Last payment to QQ: February 2016
Arrangement: Reduced payment
Status: No longer on credit report
Owner: Lantern
Fell of credit report May 2018, MMF/Lantern send email January 2018, payment set up for £2 a month, last payment June 2018, SAR letter sent, received all documentation including a breakdown and CCA. Full payment was £722 as stated in the CCA but on account info in SAR letter interest is £590, so that's £368 in extra charges . Have paid Lantern £8.
2012
Email tennis - notice of overdue payment, payment plan offer, unable to afford payments
Email - notice of formal complaint, payment plan offered by QQ, ignored
Email - debt referral - ARC
2015
Back to QQ
Balance recieved via email - balance 695, 170 received from ARC - £499 in default
Overdue payment emails
2016
Overdue payment emails
Loan balance requested - nothing received
2017
Overdue payment emails - only 2 this time
Notice of sale
2018
Notice of assignment - MMF
Repayment plan confirmation
Fell off credit report
SAR sent + documents received
Repayment plan closed by me
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What settlement figures do you think I could achieve (if anything) on the following:
Natwest OD: 1248
Very: 767
JD Williams: 1740
Marbles: 665
I have a few small debts: 167; 86; 127 that if enforceable I will try and just pay off, don't think I'd get any offers on such low balances. One is a credit card, one a pdl the other a gym.
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Originally posted by Warwick65 View Post
You are saying the debt is enforceable. Do you mean the S77/78 request is compliant?
Other questions might include- Did you receive a Default notice, if so how was it delivered- by post, by email?
have you received annual statutory notices?
Did you receive a notice of assignment?
Do you know exactly how the amount accrued and is that accurate to the terms and conditions- even if they are , they might be unfair
As to if you should set up a payment plan, well only you can decide that. My QQ was from about that time and is now SB- mind I did catch a DCA ( a predecessor to MMF based in Kilmarnock) out because I had an email from QQ saying the balance was 0 and the account had not be transferred or sold to a third party).
I am afraid I can not say do or don't - it really is your decision but you will find support here if you decide to tough it out
Yes the S77/78 is compilant, no annual statutory notices.
My credit agreement with qq states that I need to repay £722 (£500 loans + £222 interest) and that there are no additional charges after the due date, only £12 late fees.
Well my statement shows interest of £147 added 4 times and 2 late charges. Meaning that my balance when sold/transferred on should have been £302.76 not £819.
I have since paid off £559.08. My account info does however mention a rollover/extension twice so does the 2 extra interest charges of £147.5 each stand?
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Originally posted by debrag View PostAs my QQ CCA is enforceable should I set up a repayment plan or leave it as it's no longer on my credit report?
Other questions might include- Did you receive a Default notice, if so how was it delivered- by post, by email?
have you received annual statutory notices?
Did you receive a notice of assignment?
Do you know exactly how the amount accrued and is that accurate to the terms and conditions- even if they are , they might be unfair
As to if you should set up a payment plan, well only you can decide that. My QQ was from about that time and is now SB- mind I did catch a DCA ( a predecessor to MMF based in Kilmarnock) out because I had an email from QQ saying the balance was 0 and the account had not be transferred or sold to a third party).
I am afraid I can not say do or don't - it really is your decision but you will find support here if you decide to tough it out
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Originally posted by debrag View PostDebt 13 Trugym
Opened: August 2012
Current balance: 86
Last payment: None as was set up for Credit Resource Solution by mistake, Credit Resolution Services don't have a function to set up payment online, I won't be paying them then.
Last full payment: March 2013
Arrangement: Nothing
Status: Default on credit report (March 2013)
Owner: Credit Resolution Services, account being sent back to Trugym
2014
January - Email from Zinc "we have been instructed by our client to assist you with the resolution of your account."
March - Missed payment
April - Missed payment
June - balance update by email - £162
July - Settlement offer email - £114.33
July - Payment reminder email x 2
2015
September - Arrears email, balance now £52.44
September - Settlement offer via email £39.33
September - email regarding settlement offer
October - Missed payment email, appear I was paying till May 2015
October - Payment reminder, £2.44
November - Trying to make contact email x 2, balance now £50, did I pay the £2.44??
December - We have not received a response email x 3
2016
January - We have not received a response email x 3
Contact from CRS
2017
June - Letter received stating account sent back to CRS
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As my QQ CCA is enforceable should I set up a repayment plan or leave it as it's no longer on my credit report?
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Originally posted by Warwick65 View PostHi
I am curious as to why you think the Lending stream debt may be SB in March 19, is that the date they recorded a default or were you making payments of some type up until then?
As for the rest, well it really is hard to give advice or even an opinion because every case is different. What I will say , from personal experience, there is a lot more to unenforceability than the S77/78 request although they are a good place to start
One thing I am never sure of is if a S87(1) DN is needed before a claim can be brought for a fixed term loan . I believe there used to be exceptions when the term was less than 3 months however many PDL's tried to become lines of revolving credit (like a low limit credit card really) and if that is the case a DN is needed. What is more a DN should be served by post and not email which is what they try to do.
I would be careful with Lantern- since they rejigged their ownership they seem to have 1) got their house into some type of order and b) become quite free and easy issuing claims
I had multiple payday loans from around 2012 or before. Some I settled, some I kicked up such a fuss they went back to the original creditor and some are now SB.There are only 2 or maybe 3 that could in theory try it on and only one of them is of any significant amount which I think they would have a problem justifying in court
Have you made affordability complaints against both PDL's ?
I am doing SAR requests to get the required info for affordability complaintsLast edited by debrag; 21 July 2018, 07:33.
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Hi
I am curious as to why you think the Lending stream debt may be SB in March 19, is that the date they recorded a default or were you making payments of some type up until then?
As for the rest, well it really is hard to give advice or even an opinion because every case is different. What I will say , from personal experience, there is a lot more to unenforceability than the S77/78 request although they are a good place to start
One thing I am never sure of is if a S87(1) DN is needed before a claim can be brought for a fixed term loan . I believe there used to be exceptions when the term was less than 3 months however many PDL's tried to become lines of revolving credit (like a low limit credit card really) and if that is the case a DN is needed. What is more a DN should be served by post and not email which is what they try to do.
I would be careful with Lantern- since they rejigged their ownership they seem to have 1) got their house into some type of order and b) become quite free and easy issuing claims
I had multiple payday loans from around 2012 or before. Some I settled, some I kicked up such a fuss they went back to the original creditor and some are now SB.There are only 2 or maybe 3 that could in theory try it on and only one of them is of any significant amount which I think they would have a problem justifying in court
Have you made affordability complaints against both PDL's ?
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Originally posted by debrag View PostShould I still be paying debts 1 to 4 as they are all recent and probably will be enforceable. At the rate I'm paying it will be something like 14 years before they are paid off
Where do I sent my CCA's off for checking?
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Any advice on what to do next? I am awaiting SAR request back from QQ and LS, I'd like to get these two off my credit report before the threats start
All debts are after 2007 so will probably be enforeable, if I can get Trugym & LS off my report along with QQ what can they do then?Last edited by debrag; 20 July 2018, 10:14.
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