Piggybank

[scottygees]

When you say default received were they formal default notices served under S87(1) consumer credit act.

Did they give a date when repayment should be made and what would happen if you did, or didnot make the payment. Finally did it refer to FCA guidance on defaults and include a leaflet.

one last question, did they come by email or post?

Unfortunately it looks like they all comply. I have them via email but the latest one has been received via post. I will try and redact and add on this thread

[Warwick65]

When you say default received were they formal default notices served under S87(1) consumer credit act.

Did they give a date when repayment should be made and what would happen if you did, or didnot make the payment. Finally did it refer to FCA guidance on defaults and include a leaflet.

one last question, did they come by email or post?

[scottygees]

So letter and default sent today from piggybank. However I have noticed they have previously sent me other defaults with different amounts and dates on as follows:
29/9/17 default received for £295
25/7/18 default received for £389.40
24/2/20 default received for £400

Also today I have now received an email in my junk folder from CRS IMPORTANT NOTICE-POTENTIAL LEGAL ACTION. Our client has now approved your account for Legal Action with possibility of CCJ being applied for etc etc. The letter has been signed by CRS Legal Recoveries Team. Has anybody had any experience of CRS and how likely are they to be to follow up on this threat.

Very briefly this was a £200 payday loan that was taken out back in May 2017. I have previously complained about irresponsible lending but this came to nothing and when I wrote to the FOS they upheld Piggybanks decision. I have had a lot of standard letters in between but these are suddenly becoming a little more threatening. I note that Piggybank are now in administration like Wonga were and am wondering if there is anything further I can do at this stage I.e. make a further claim against Piggybank for irresponsible lending like I did to Wonga.

hope somebody can advise a course of action

thanks in advance

[Joanna Connolly Solicitors]

Is the history of this debt on your Diary?

Di

[scottygees]

I have just received an email from Piggybank stating my account will be put forward for legal action with the usual mentioning of CCJ, attachment of earnings etc etc. However I have just read that they are going into administration like Wonga did. I have previously written to them about the unaffordable and irresponsible lending but this wasn’t successful and the ombudsman also sided with their decision. Can anybody give me advice as to whether it is likely a claim will be made against me whilst they are going through administration? Many Thanks