Debt and Loan Help Pleazzzzzzee.......

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

Ok,
I have been thinking long and hard about all your advice! What I think I am going to do is write to the four companies and tell them that I cannot pay the total back to them but I can pay them £25 a month until further notice and that I would like to freeze all interest on the accounts! If they won't do this I will threaten to get my solictor involved! What do you think? I would feel I was paying them back but also feel less nervous about threatening letters coming through the door etc...

Thanks

furryboo

[CleverClogs (RIP)]

Re: Debt and Loan Help Pleazzzzzzee.......

Clever cloggs can you explain this rule in simple terms please? I have cancelled my card now anyway! What I want to know is do I write to the payday people, the bank! Just heard from a friend that she knew someone who didn't pay the loan and the Payday firm took money out of there wages and nearly had them arrrested!!!

If they get you arrested, it's all the better as you'd be able to claim significant damages from them.

Unless a creditor has obtained a CCJ and enforced it by means of a Third Party Debt Order, there is simply no lawful way they could take the money directly from someone's wages.

If the continued payment agreement has not been revoked, the loan sharks could and would grab all they were allowed to do.

[CleverClogs (RIP)]

Re: Debt and Loan Help Pleazzzzzzee.......

So I take it the shoe comment means that her credit rating will be effected!!!

Not necessarily, but your joint credit card(s) will be.

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

So I take it the shoe comment means that her credit rating will be effected!!! Cleve Cloggs! The diliema is this, If I pay all these loans off on time my credit rating goes up I presume? If a relative who has offrerend to get me a loan (has a bad credit history but will be debt free within months) can get a loan to pay all these off, I will be fine. Come on someone recommend a laon firm that can give a loan ever with 15 - 19APR!!! Will really help!

Thanks

furryboo

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

Clever cloggs can you explain this rule in simple terms please? I have cancelled my card now anyway! What I want to know is do I write to the payday people, the bank! Just heard from a friend that she knew someone who didn't pay the loan and the Payday firm took money out of there wages and nearly had them arrrested!!!

Really worried now!

furryboo

[CleverClogs (RIP)]

Re: Debt and Loan Help Pleazzzzzzee.......

Silly question I know but how badly will this effect my wifes credit rating? She has a very good credit rating but we do share a bank account! ANy advice on this?

She'll probably want to divorce you once her ability to buy shoes becomes affected.

[CleverClogs (RIP)]

Re: Debt and Loan Help Pleazzzzzzee.......

CC - careful the banks will not roll over if you quote this

Really?

They'd be damn silly if they didn't, as Regulation 61 (link) makes the bank liable:

61. Subject to regulations 59 and 60, where an executed payment transaction was not authorised in accordance with regulation 55, the payment service provider must immediately—

(a)refund the amount of the unauthorised payment transaction to the payer; and

(b)where applicable, restore the debited payment account to the state it would have been in had the unauthorised payment transaction not taken place.

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

Silly question I know but how badly will this effect my wifes credit rating? She has a very good credit rating but we do share a bank account! ANy advice on this? and if you chance bank accounts how badly can that effect your credit score?

Thanks

furryboo

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

OK thank you!

Will keep you posted.

furryboo

[Never-In-Doubt]

Re: Debt and Loan Help Pleazzzzzzee.......

Just say you lost your bag/wallet and thus need a new card cos your old one is "out there" somewhere

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

A loan shark?!? LOL!!!

I will send letters out todya and report card stolen! I'm even worried about that story...

Then keep you posted!

Thanks you again for all your help guys!

furryboo

[Deepie]

Re: Debt and Loan Help Pleazzzzzzee.......

'Never in doubt suits you perfectly!!! LOL!!!

Ok, I will do this all today and keep you all posted!!!

What is the worst that can happen!

Thank you

furryboo

you get eaten by a shark .........

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

'Never in doubt suits you perfectly!!! LOL!!!

Ok, I will do this all today and keep you all posted!!!

What is the worst that can happen!

Thank you

furryboo

[Never-In-Doubt]

Re: Debt and Loan Help Pleazzzzzzee.......

Court? Never
Fraud? What

It's perfectly normal. You will be fine.

Well you ring the bank don't you. You write to the PDL as per my post on last page!

[furryboo]

Re: Debt and Loan Help Pleazzzzzzee.......

Sorry.....Just I found you guys and my stress appears lifted!

Nervous, cos I don't want to end up in court or anything like that!

If I report it stolen will they not want statements etc?!?

So am I writing and saying I am living in a car or am I writing to the banks instead?

Thanks

furryboo