Marling pdl diary

[marling]

i have 5 payday loans which have got out of control, i will list them all seperately. yesterday i reported my bank card stolen and am now using a different unrelated account, the first of the loans has defaulted today, the others will by the end of the week.
thanks in advance for help given
cheers marling

[marling]

Re: Marling pdl diary

Wonga
loan = £500
april 2013
owing = £700
last payed june 2013
defaulted today 8/7/13
intial £400 loan april, paid in full £525 may, re-loaned £520 may, roll over payment £127 payed june, £700 owing
25/10/13 moorcroft - monthly instalment offer

[marling]

Re: Marling pdl diary

pounds 2pocket
loan = £650
april 2013
owing = £1200 / monthly £100
last payed june 2013
due 11th july
intial loan march £400(10 monthly payments), paid april may & june, top up of £300 in june, total owing £1200

24/10/13 sent email to qq re default notice #55
21/8/14 portfolio - settlement offer
8/1/15 pra - assigned to pra group

[marling]

Re: Marling pdl diary

quickquid
loan = £550
april 2013
owing = £1000
last payed june 2103
due 12th july
intial loan £200 april, payed £59 may, payed in full £255 june, re-loaned £550 june owing £1000

24/10/13 sent email to qq re default notice #55
30/10/14 portfolio - settlement offer
8/1/15 pra - assigned to pra group

[marling]

Re: Marling pdl diary

amigo loans / friend gurantee
loan = £1000
may 2013
owing = £1200
last payed june 2013
due 11th july

[marling]

Re: Marling pdl diary

payday express
loan = £350
may 2013
owing = £560
last payed june 2013
due 16th july
intial £440 loan may, roll over £127 payment payed june, owing £560

[marling]

Re: Marling pdl diary

ok, all listed above, as yet i have not emailed out any templates,
await any advice thank you marling

[Never-In-Doubt]

Re: Marling pdl diary

Wow how many PDL's!!!

I would consider the old "I've moved into my car" approach

[marling]

Re: Marling pdl diary

Wow how many PDL's!!!

I would consider the old "I've moved into my car" approach

template 1 or 2 ? i do intend to pay something monthly
cheers

[Never-In-Doubt]

Re: Marling pdl diary

Hmmm dont rush. Lets see what SaltNVinegar says - he's pretty good at PDL issues

I'll ask him to pop in.

[SaltnVinegar]

Re: Marling pdl diary

Popping in

Hi Marling

Ok most urgent one here is Amigo loans as its a guarantor loan.

Who acted as your guarantor on the loan application? Problem here is that any default will also reflect on their credit history and they will be pursued also for the debt.

They're a shady outfit, who in my opinion should be shut down. In the past they have come close to having their consumer credit license revoked, and also have had conduct requirements imposed on them by the OFT.

IMO they are also in breach of the requirements of their CCL as they have a trading style of 'credit counselling organization' and 'Debthelp UK which implies they are a charitable/non-profit organization which of course they are not.

You also have to question the interests of an organization that is trading debt advice services, and then at the same time offering high interest rate loans. I wonder whether people seeking debt advice from them are then contacted by one of their lending operations????

But moving on.......

Next this may shock you a little. You have 5 payday loans but with only 4 companies.

Pounds to Pocket and Quickquid are actually one and the same payday loan company (casheuronetuk LLC).

It may surprise you but they're an american company based in Delaware where their registered office is actually nothing more than a front office which receives their mail.

They're a murky outfit which I have crossed swords with on many occasion (and beaten then back each time!).

The fact they have provided 2 loans to you (albeit via 2 trading names) I think is sufficient we can give them a hard time under irresponsible lending guidelines.

Wonga will give you some grief to start, but as the 'golden child' of the PDL industry we will use this against them as they are under a lot of scrutiny right now.

Payday Express are relatively easy to see off so wouldn't worry about them just now.

Sounds like you've done the right things so far, you just need to make sure your income is going into that unrelated account.

If you can let me know the info regards Amigo Loans as the priority for now then we can move onto the next ones......

best
SnV

[SaltnVinegar]

Re: Marling pdl diary

Oh just one other thing......

I noticed that you took majority of the loans out in April 2013.

So my assumption is that you have been making rollover payments right?

Could you also update the post for each company with how much you have paid to date in rollover payments?

We can use this against them also....

[marling]

Re: Marling pdl diary

hi snv
many thanks for usefull help
ive updated all except amigo(messaged you)
just wonga defaulted at mo, others next few days.
cheers marling

[SaltnVinegar]

Re: Marling pdl diary

hi snv
many thanks for usefull help
ive updated all except amigo(messaged you)
just wonga defaulted at mo, others next few days.
cheers marling

Hi Marling

Would you mind posting up the PM you sent me here on the open forum. I don't think there is anything there that is sensitive or would identify you in any way.

Everyone here is totally non-judgemental so please do not worry about that.

I prefer to do it that way so that any advice given is out in the open and others can sometimes bring a different perspective or even point out risks/benefits to any advice given. Helps give a balanced view.

Once you do I'll respond with my thoughts.

Thanks
SnV

[marling]

Re: Marling pdl diary

hi snv
firstly thanks for your help, much appreciated.
ok re amigo.......
my gurantor is my best mate he has stood by me thru my hard times and was dubious about this in the first place. i gave him my word this would be priority over anything, i still stand by this. i made july's payment yesterday via card payment on my new bank account..........if its ok i would like to carry on paying this if its ok ??
will the other pdl's find out/ be able to do anything ??
if not i will have to send my friend the money and let him pay it monthly from his account....... await your reply re amigo.
wonga is the only default so far with the others in next few days, which templat do you thin i should send wonga please ?
many thanks again
best wishes
marling