The SaltnVinegar UE Diary

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

…and so is the fact that they are based in the US! presumably they are using a UK registered company with a CCL…

Yup so this is their details:

Licence Number:0603395
Licence Status:Current

Current Applicant / Licensee:

Business Name: Casheuronet UK

Company Registration Number: LLCFC027527

Categories: Consumer credit/Credit brokerage

Right To Canvass Off Trade Premises:No

Trading Name(s) (Current):
Cashnet.co.uk
Pounds to Pocket
Pounds to purse
Quick Payday
Quick Quid
quickquid.co.uk
quickquid.com
ThePaydayComparison.co.uk

Trading Name(s) (Historic):
Cashnet
Cashnet uk

Issued Date: 04-Jul-2007
Date Maintenance Payment Due: 04-Jul-2017

Legal Formation: Body Corporate (incorporated outside UK)

Authorised To Receive Documents:
Name Arun P. Srivastava

Current Individuals that run the organisation: John Curtis Linscott, Timothy Ho

Historic Individuals that run the organisation: Linscott John Curtis, Mr Feehan Daniel Ray

Nature of Business: Credit Agreements/loans (not linked), Other

Current Address(es):

Accept Notices/Documents - Abogado Nominees Limited, 100 , New Bridge Street, London, EC4V 6JA
Correspondence - 483, Green Lanes, LONDON, N13 4BS, United Kingdom
Principal Place Of Business - 200, West Jackson Boulevard, 14th Floor, Chicago, Illinois, 60606, Usa
Registered Office - Capitol Services, Inc., 615, South Dupont Highway, Kent County, Dover, Delaware 19901, United States

Historic Address(es):
Correspondence - Cash America Net Holdings, 1600, West 7th Street, Fort Worth, Tarrant, 76102, U S A
Principal Place Of Business - 200 W Jackson, Boulevard 14th Floor, CHICAGO, Illinois, 60606, USA
Principal Place Of Business - Cash Amercia Net Holdings, LLC, 200, W. Jackson Street, Suite 2400, Chicago, IL, Cook, 60606, USA
Principal Place Of Business - Cash America Net Holdings LLC, 200, W. Jackson Street Suite, Chicago IL, Cook, 60606, U S A
Registered Office - Capital Services Inc, 615, South dupont Highway, Dover, Kent, 19901, U S A
Registered Office - Capitol Services, Inc., 615 , South DuPont Highway, Kent County, Dover, Delaware, DELAWARE 19901, USA
Registered Office - Capitol Services, Inc., 615, South DuPont Highway, Dover, Delaware, Kent, 19901, USA

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

Now what is REALLY interesting is that CashEuronet LLC, according to companies house, ceased trading in May 2010.

So are OFT giving a company that has ceased trading a CCL?

What is the position here on any loans issued by this company after May 2010?

I'm sure theres some transgression here just can't quite think what!

Name & Registered Office:
CASHEURONET UK, LLC
ABOGADO NOMINEES LIMITED
100 NEW BRIDGE STREET
LONDON
UNITED STATES
EC4V 6JA
Company No. FC027527


Status: Converted / Closed 18/05/2010
Date of registration : 14/05/2007

Country of Origin : UNITED STATES
Company Type : Converted/Closed
Nature of Business (SIC) :
None Supplied
Accounting Reference Date : 31/12
Last Accounts Made Up To : 31/12/2008 (FULL)
Next Accounts Due :
Last Return Made Up To :
Next Return Due :
Previous Names: No previous name information has been recorded over the last 20 years.

UK Establishment Details UK Est. Number: BR013654
Name,
Address: CASHEURONET UK, LLC
ABOGADO NOMINEES LIMITED
100 NEW BRIDGE STREET
LONDON
EC4V 6JA
Date Open: 01/10/2009 Closed(Y): Y Type of Business:
Oversea Company Info Registered at: CARDIFF on 14/05/2007 Country of Origin: UNITED STATES Legal Form:
Documents held at Company / UK Establishment office: FC027527 Required to publish accounts from: / to / Accounts delivered to: 20081231

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

Has anyone got any comments on the above? Have I missed a link somewhere?

How can a company that appears to have ceased trading be issuing loans with a CCL?

Have I missed another alias that this firm are trading under?

Cheers
SnV

[SXGuy]

Re: The SaltnVinegar UE Diary

I dont think they can trade under that name whilst it has ceased trading.

You cant trade under a ceased company, because, its ceased.

Have a look at companies house for documents that have been submitted for that company under that number, and download the last set of accounts or Anual Return, and see what they say. It should mention ceased.

Also check the accounting period. because they may have reinstated the company, but are not due to file any forms to say as much yet.

Sometimes companies can be dormant, not ceased, however, again, you cant trade while its dormant, its just a way to show the company didnt trade but is not ceased.

[Paul.]

Re: The SaltnVinegar UE Diary

Hi All

So I don't think this is one letter I can ignore. So my initial thoughts are this:

1) How can Arc Europe make a claim against me? As far as I am aware they were not given absolute assignment for the debt, and I have received no notice of assignment (other than an email).

2) I have never received a default notice either from Quickquid or Arc Europe so any claim would be an abuse of process

Whats the best way to respond to this? I'm thinking something like I posted earlier:

Please be advised that the account with your client is in serious dispute with regards to the matters detailed further below. I respectfully advise that you refer this account back to your client to address the matters raised forthwith:

Quickquid, whom your client represents, has been advised on NUMEROUS occasions that I am on a debt management plan with advise from the CCCS. Your client has refused to accept the payment offer proposed, have had complete disregard for the Common Financial Statement provided to them, and have not provided any reason why they rejected this proposal. I should remind you that this immediately places them in breach of guidelines issued by the Office of Fair Trading in relation to debt collection, and also the Lending Code

Quickquid received THREE postal order payments in relation to the above account which were not then paid to the account.

Quickquid made claims that they had not received these payments, yet they were sent by recorded delivery, and the Post Office have confirmed that the postal orders have been cashed. Your client has refused to respond to any correspondence on this matter, therefore the amount you claim is outstanding is inaccurate.

Quickquid and your client has failed to supply an annual statement of account as required by them under the Consumer Credit Act 1974.

Neither Quickquid or your client has issued a Default Notice to me, as required by them under the Consumer Credit Act 1974.

Bother Quickquid and your client continually makes claims that I have failed to contact them. However, as previously stated they have been informed on numerous occasions of my debt management plan, correspondence of which they have responded to. Such claims questions your clients integrity and honesty in respect to their claims and communication.

I would remind you and your client of the requirements made of you under the Consumer Credit Act 1974, and the Unfair Relationships Provisions of that Act.

I would also remind you of your obligations under CPR and your clients previous conduct all of which would be brought to a courts attention, should your client seek redress via court proceedings.

However I trust that this matter can be resolved amicably, but require your client to seriously address all the issues raised in this letter.

I think you need to reply to their letter setting out clearly your grounds of challenge.

You need to identify what documents you need but have not been provided (if any) and ask for them in the reply pursuant to the CPR Pre action protocol.

Also i would include a line saying

" i reserve the right to refer to the contents of this letter should your client issue proceedings without first complying with its obligations under the CPR Pre Action Protocol Practice Direction"

[Never-In-Doubt]

Re: The SaltnVinegar UE Diary

Does it matter that QQ are a USA firm? Plus they don't follow our default laws. They simply don't issue DN's!

I'm shocked. I think this is a threat but one I'm sure you could defend if it did get nasty. See what Paul says as he's around....

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

I think you need to reply to their letter setting out clearly your grounds of challenge.

You need to identify what documents you need but have not been provided (if any) and ask for them in the reply pursuant to the CPR Pre action protocol.

Also i would include a line saying

" i reserve the right to refer to the contents of this letter should your client issue proceedings without first complying with its obligations under the CPR Pre Action Protocol Practice Direction"

Thanks Paul, it will be interesting to see where they take this.

What are your thoughts on my observations about their CCL and that it seems to be given to a company that ceased trading in 2010?

Best
SnV

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

Does it matter that QQ are a USA firm? Plus they don't follow our default laws. They simply don't issue DN's!

I'm shocked. I think this is a threat but one I'm sure you could defend if it did get nasty. See what Paul says as he's around....

Thanks Niddy

Nope no DN received ever, nor NOA, nor annual statements - diddly squat.

It looks like they've farmed this out to a DCA who churns out bulk claims as a normal business practice as opposed to a last resort. Hopefully I can pull them up in their tracks but even if it goes to court I won't be going down without a fight!

Best
SnV

[Paul.]

Re: The SaltnVinegar UE Diary

It is a criminal offence to take part in licenced activities without a consumer credit licence.

That said, the company seems to have a licence so thats not an issue

What is needed though is to find out who is the current legal owner of the account before we worry bout anything further

[Undercover Elsa]

Re: The SaltnVinegar UE Diary

If it is necessary to take this step our client is entitled under County Court Act 1984 to charge interest on the outstanding amount at the rate of 8%

Another one living in La La Land claiming they can add Statutory Interest to a CCA regulated debt!

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

Quick Quid:

• Type of account - Payday Loan
  
  
• Date commenced - Late 2009/Early 2010 (not sure exactly)
  
  
• Approx balance - Approx £750
  
  
• Date last paid - Unknown
  
  
• Are you on arrangement or not paying - Not paying
  
  
• Status - Defaulted but no DN received
  
  
• Account owner - Waiting on DCA

Key:
Blue - Communication Sent
Red - Communication Received

17/7/2012 - Letter received from ArcEurope Limited threatening pay up in 10 days or we will take you to court.
25/7/2012 - Email from ArcEurope stating that the account has been transferred to them for collection
4/8/2012 - LBA from Trevor Munn Solicitors giving me 10 days to pay up or they will make an application for CCJ
7/8/2012 - Response back to ArcEurope & Trevor Munn disputing account
7/8/2012 - CCA Request to ArcEurope
9/8/2012 - Letter from ArcEurope, account currently on hold, referred back to their client

Ok so this was a quick response. Letter from ArcEurope as follows:

Dear SnV

We are writing in response to your recent correspondence sent to our office and our solicitors, Trevor Munn.

Please be advised this account is currently on hold, as we have passed your comments to our client and are awaiting their instructions.

With regards to your request under the consumer credit act we cashed your payment and referred your request to our client, Quick Quid, the data controller.

However our client has confirmed they do not require a fee to provide these documents. We have therefore enclosed a cheque as a refund for the payment made.

We will be in contact in due course with our clients reply.

Arc Europe Ltd

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

1

It is a criminal offence to take part in licenced activities without a consumer credit licence.

That said, the company seems to have a licence so thats not an issue

What is needed though is to find out who is the current legal owner of the account before we worry bout anything further

Thanks Paul

Well judging by their latest correspondence, as they have referred my response back to their client, it would appear the current legal owner of the account is still QQ.

So for Trevor Munn to be threatening court proceeding on behalf of Arc Europe is probably going to fail depending on the manner of assignment (I hope!) without the other stuff.

I also find it interesting that QQ state they do not need a payment to fulfill my CCA request. This is the most bizarre response I've had to a CCA request. I can't wait to see what they are going to respond with.

I'm not going to cash the cheque - I'm going to frame it!

Best
SnV

[SXGuy]

Re: The SaltnVinegar UE Diary

It is a criminal offence to take part in licenced activities without a consumer credit licence.

That said, the company seems to have a licence so thats not an issue

What is needed though is to find out who is the current legal owner of the account before we worry bout anything further

Can a closed company hold a consumer credit license?

Either companies house have it wrong or they are trading under a name which has been converted/closed and also marked as an old/former trading name.

[Undercover Elsa]

Re: The SaltnVinegar UE Diary

Good result though, made them sit up and take notice for once

[SaltnVinegar]

Re: The SaltnVinegar UE Diary

Can a closed company hold a consumer credit license?

Either companies house have it wrong or they are trading under a name which has been converted/closed and also marked as an old/former trading name.

Thats the questions I would like answering!

Their CCL would seem to be for a company that has ceased trading. Doesn't stop them advertising on TV though.

I may send the OFT an email and see if I can get an answer.

Best
SnV