Cecilia PDL diary

[cecilia]

Re: Cecilia PDL diary

Hiya

This is nothing to worry about. I'm away for work at the moment but will help you put together a suitable response to this mob when I get home in the next couple of days. The fact that Speedloan have done nothing to respond to your letters, and have not informed their agent of this, works in your favour.

Best
SnV

Thanks SnV,

Speedloan responded to me on 7th September rejecting my initial offer. I wrote back again as you know, and they have not responded.

Has anyone had dealings with Chantry collections on here?

[SaltnVinegar]

Re: Cecilia PDL diary

Hiya

This is nothing to worry about. I'm away for work at the moment but will help you put together a suitable response to this mob when I get home in the next couple of days. The fact that Speedloan have done nothing to respond to your letters, and have not informed their agent of this, works in your favour.

Best
SnV

Received this today from Chantry Collections Ltd,Debt recovery specialists

Our client: Speedloan Finance Ltd
Our Reference
Balance £1,130

We are instructed by the above named client to take the necessary action required to recover the balance outstanding, you should take this letter as notice that the debt has been assigned to us.

We request that payment in full is forwarded to this office immediately. Please note , contractual and late payment interest is still accruing on you loan, so it is important you mke payments to prevent your balance increasing further. If further action is required additional costs to locate you or Legal Fees may be incurred, so please do not ignore this notice.

If you are unable to pay the full amount outstanding you need to let us know without delay so we can discuss your account in more detail. Please call our office on on 08444480521 to discuss your account, or pay using your Credit or Debit card. Alternatively you can pay cash over the the counter at the shop where you took out the loan, or send a cheque or postal order to the address below.

If payment is not received this information may be passed to a credit reference agency which could affect your ability to obtain credit.

Please call us on the above number if you have any questions.

Yours sincerely

Steven Craske
Collections Department

P.O. Box 35 Wakefield WF1 1YN
enquiries@chantrycollections.com

[cecilia]

Re: Cecilia PDL diary

Speedloan(Part of Albermarle and Bond)
Started approximately 2004 as cheque cashing, stopped cheque cashing a few months ago, and converted into a loan.
Interest paid to Albermarle and Bond from 2004 to 2013 £16,320
Loan £800
Owe £1120 including interest
Default charges £112
Monthly payments £112
Last payment beginning July 2013
Defaulted August 2013
Received text from Speedloan 2nd September
Wrote to Speedloan 4th September
Received letter from Speedloan 7th September rejecting my offer.
Received letter from Speedloan 18th September, asking me to contact them urgently, give bank account and debit card details,to set up direct debit.
Received text message from Speedloan 26th September to discuss account
Received default notice from Speedloan 3rd October in normal post
Wrote to Speedloan 10th October
Received Notice of sum of arrears from Speedloan 12th October in normal post
Received a letter from Chantry collections re my speedloan dated 19th October, received 23rd October

Received this today from Chantry Collections Ltd,Debt recovery specialists

Our client: Speedloan Finance Ltd
Our Reference
Balance £1,130

We are instructed by the above named client to take the necessary action required to recover the balance outstanding, you should take this letter as notice that the debt has been assigned to us.

We request that payment in full is forwarded to this office immediately. Please note , contractual and late payment interest is still accruing on you loan, so it is important you mke payments to prevent your balance increasing further. If further action is required additional costs to locate you or Legal Fees may be incurred, so please do not ignore this notice.

If you are unable to pay the full amount outstanding you need to let us know without delay so we can discuss your account in more detail. Please call our office on on 08444480521 to discuss your account, or pay using your Credit or Debit card. Alternatively you can pay cash over the the counter at the shop where you took out the loan, or send a cheque or postal order to the address below.

If payment is not received this information may be passed to a credit reference agency which could affect your ability to obtain credit.

Please call us on the above number if you have any questions.

Yours sincerely

Steven Craske
Collections Department

P.O. Box 35 Wakefield WF1 1YN
enquiries@chantrycollections.com

[Enforcer]

Re: Cecilia PDL diary

Yes! My credit file is well and truly screwed. Good thing too, cannot get into any further debt!

[cecilia]

Re: Cecilia PDL diary

Yes it should indeed - so make sure you keep those letters (and envelopes if you can) so you can demonstrate the discrepancies in dates and their process.

So letters have crossed in the post - lets see if they respond to your payment proposal - balls in their court now.........

I'm guessing all quiet on the western front with the others too.

As I've just warned Marling - you'll probably get an increase in 'collection activity' (harassment), as Christmas approaches as they know people tend to have some money put aside for the holiday season. This is a normal 'cycle' that all DCA's/collections go through (plus its year end). You'll get the same towards the end of the financial year next Feb/March too.

Things going quiet is good, they will probably try to put erroneous marks on your credit files through spite, but if you're not worried about your credit file then they have no leverage over you!

Just keep swimming!

SnV

Thanks SnV,

Will start keeping envelopes from now on

Pounds to Pocket are not quiet, and keep on sending out Default notices, and Notices of arrears.Got another notice of default from Pounds to Pocket, in the post today. Looks like they are sending them out every fortnight. The dishonour fees are adding up, now £24.

The others are quiet. Got a call from the Moneyshop a few weeks ago, to call them.

Had a look at my credit file at the weekend. I have late payment markers on it from Mr Lender. That was with one Credit reference agency. Have not looked on Experian, they list all my PDL's.

I don't know how anyone can worry about their credit file once they have defaulted, the damage has been done right?

[SaltnVinegar]

Re: Cecilia PDL diary

SnV,

You must be Psychic, got a notice of Arrears in the normal post today, dated 9th October. They had not received my letter yet, as I did not send it till the 10th October. I thought Notice of Arrears came before the default notice not after.

Yes it should indeed - so make sure you keep those letters (and envelopes if you can) so you can demonstrate the discrepancies in dates and their process.

So letters have crossed in the post - lets see if they respond to your payment proposal - balls in their court now.........

I'm guessing all quiet on the western front with the others too.

As I've just warned Marling - you'll probably get an increase in 'collection activity' (harassment), as Christmas approaches as they know people tend to have some money put aside for the holiday season. This is a normal 'cycle' that all DCA's/collections go through (plus its year end). You'll get the same towards the end of the financial year next Feb/March too.

Things going quiet is good, they will probably try to put erroneous marks on your credit files through spite, but if you're not worried about your credit file then they have no leverage over you!

Just keep swimming!

SnV

[cecilia]

Re: Cecilia PDL diary

Speedloan(Part of Albermarle and Bond)
Started approximately 2004 as cheque cashing, stopped cheque cashing a few months ago, and converted into a loan.
Interest paid to Albermarle and Bond from 2004 to 2013 £16,320
Loan £800
Owe £1120 including interest
Default charges £112
Monthly payments £112
Last payment beginning July 2013
Defaulted August 2013
Received text from Speedloan 2nd September
Wrote to Speedloan 4th September
Received letter from Speedloan 7th September rejecting my offer.
Received letter from Speedloan 18th September, asking me to contact them urgently, give bank account and debit card details,to set up direct debit.
Received text message from Speedloan 26th September to discuss account
Received default notice from Speedloan 3rd October in normal post
Wrote to Speedloan 10th October
Received Notice of sum of arrears from Speedloan 12th October in normal post

SnV,

You must be Psychic, got a notice of Arrears in the normal post today, dated 9th October. They had not received my letter yet, as I did not send it till the 10th October. I thought Notice of Arrears came before the default notice not after.

Notice of Sums in Arrears

Contract type-Speedloan under Agreement No

Pursuant to Section 86B of the Consumer Credit Act 1974

This notice is being issued because you are behind with the sums payable. This is a serious matter and we urge you to contact us (see the contact details below) as soon as you possibly can in order to discuss the position and make a mutually satisfactory arrangement.

Payment History

Current Account Balance brought forward
Account/Arrears brought forward

8/9/13 Payment due 112
8/10/13 Accrued LPI 10
8/10/13 Payment due 112
Totals 234

Current account balance carried forward £1130
Account arrears £234

Consumer Information On:

Default Sums and Interest

You may have to pay default sums and interest in relation to the missed or partly made payments referred to in this notice. Please contact us if you would like further details. This notice does not take account of any payments received after the date of this notice.

Notices

For so long as you continue to be behind with your payments by any amount , you will be sent notices about this at least every six months. We are not required to send you notices more frequently than this, even if you get further behind with your payments in between notices.

Office of Fair Trading Information Sheet

This notice should include a copy of the current information sheet on arrears prepared by the Office of Fair Trading. This contains important information about your rights and where to go for support and advice, for example applying for a Time Order as well as our right to charge you interest. If it is not included you should contact us to get one. Please refer to the Office of Fair Trading information sheet for more information about how to get advice on dealing with your debt.

Yours sincereley

Andrew Shuttlewood
Speedloand Finance Ltd

[cecilia]

Re: Cecilia PDL diary

Hiya Any response to your email yet from Speedloan yet? Your understanding is correct - however a lot of lenders are only concerned about last 3 years history, so any default older than 3 years will start to create less issues.

Hi SnV, No response from Speedloan yet, I didn't email them, as I have no email address for them. Sent them a registered letter in the post.

[SaltnVinegar]

Re: Cecilia PDL diary

My thinking is that my credit report is trashed now, so if they take me to court, is it going to make that much of a difference. My understanding is that defaults will be on my file for 6 years, in the same way a CCJ would, maybe someone can correct me.

I care about my credit file, but as I have defaulted, I can't repair it for the next six years, right?

Thanks for explaining what a Tomlin order is.

Will send them another letter.

Hiya

Any response to your email yet from Speedloan yet?

Your understanding is correct - however a lot of lenders are only concerned about last 3 years history, so any default older than 3 years will start to create less issues.

[SaltnVinegar]

Re: Cecilia PDL diary

My thinking is that my credit report is trashed now, so if they take me to court, is it going to make that much of a difference. My understanding is that defaults will be on my file for 6 years, in the same way a CCJ would, maybe someone can correct me.

I care about my credit file, but as I have defaulted, I can't repair it for the next six years, right?

Thanks for explaining what a Tomlin order is.

Will send them another letter.

Hiya

Any response to your email yet from Speedloan yet?

Your understanding is correct - however a lot of lenders are only concerned about last 3 years history, so any default older than 3 years will start to create less issues.

[Enforcer]

Re: Cecilia PDL diary

Don't give a damn about my credit report. Stuff the system, totally corrupt!

[SXGuy]

Re: Cecilia PDL diary

Sorry i didnt mean to confuse you, what i meant when i posted was, even if your default came off, agreing a repayment or full and final now, wouldnt come off at the same time as the default, it would be 6 years from when it was last paid.

[cecilia]

Re: Cecilia PDL diary

My thinking is that my credit report is trashed now, so if they take me to court, is it going to make that much of a difference. My understanding is that defaults will be on my file for 6 years, in the same way a CCJ would, maybe someone can correct me.

I care about my credit file, but as I have defaulted, I can't repair it for the next six years, right?

Thanks for explaining what a Tomlin order is.

Will send them another letter.

[SaltnVinegar]

Re: Cecilia PDL diary

Thanks SnV,

I am not worried about court, as my Credit file got trashed as soon as I defaulted.

What is the Tomlin order?

Are you aware that I wrote to them on 4th September with an offer from my I&E form, they responded on the 5th September, clearly stating they could not accept my offer?

Well if court doesn't bother you and you don't care about your credit file, then they have nothing further that they can threaten you with.

A Tomlin Order is an agreement between a creditor/debtor which can be useful in certain (not all) circumstances. We'll cross that bridge if/when we come to it.

I do remember they refused your payment offer - send it to them again. Remember - the OFT frown on a creditor refusing a reasonable offer that has been calculated with CFS format. Each time you send them this offer, and they don't accept, it works in your favour. Keep the goal in mind here - you want to be the reasonable person trying to sort this out, and you want to be able to demonstrate that they are the unreasonable, bullying, unethical company. It won't be difficult to achieve this

[cecilia]

Re: Cecilia PDL diary

Hi Cecilia

You are in a far better place than you think if you step back and think on it a little.

• You have an arrangement now with Mr Lender
• Quickquid and Pounds 2 Pocket are going to struggle because of how they have conducted their business in lending to you in the first place, so you have them under control
• PaydayUK are easy to deal with and you have them where you want them also as they are refusing to cancel the CPA which is a breach of OFT guidelines (not that they can get any money anyway)
• Speedloan are doing things by the book which works in your favour
• The others are really quiet as they know there is nothing they can do

So try not to worry if possible. You're doing really well and you have to remember that time is your friend

You will always this initial burst of harassment activity. Remember - they do not WANT to help you, even though they have a lawful obligation to do so. So instead they will try to put you under pressure to make a payment you wouldn't normally if you were thinking things through, and they really don't give a monkeys bum what impact this would then have on you being able to pay the rent, feed yourself, get to work etc.

However, once they realize that this isn't going to work (and you're showing them its not), then you will find they will back off and for most part you won't hear from them again.

So, get some chocolate, kick back and relax

SnV

Thanks SnV,

It is a relief that I have started paying some of them off. Paid Mr Lender, and PaydayUK this month. I feel that some things are moving, you are right.

Will get some chocolate, there goes my diet