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oft and payday loans

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  • oft and payday loans

    http://www.managementtoday.co.uk/fea...bt-collection/
    Just been on the news.
    sorry about the ads on above!
    http://www.oft.gov.uk/news-and-updat...ss/2012/110-12


    Got sucked in a lot of years ago on something very similar, now cleared but Mr Dt was tallking about Wonga the other day, said no way!
    Attached Files
    Last edited by dogtired; 20th November 2012, 13:41:PM. Reason: replacing pdf
    Never give up, Never surrender.
    Tags: None

  • #2
    Re: oft and payday loans

    me thinks the OFT are about to announce sanctions against certain debt collection agencies

    and i am not going to MOTORMOUTH that everywhere

    Comment


    • #3
      Re: oft and payday loans

      There is also a new section in the OFT collection guidelines regarding the misuse and cancelling of CPAs.

      Comment


      • #4
        Re: oft and payday loans

        Mill, hope that includes the leeds Loosers and Mucky Hall!
        CPAs? (sorry do not know what that is)x
        Never give up, Never surrender.

        Comment


        • #5
          Re: oft and payday loans

          CPA = Continuous Payment Authority

          Comment


          • #6
            Re: oft and payday loans

            ''MP demands apology from Wonga''

            http://www.guardian.co.uk/business/2...y-tweets-wonga

            Comment


            • #7
              Re: oft and payday loans

              I haven't read the OFT report yet, but is there a possibility that CPA's are likely to be done away with on the back of this?
              I fell victim to this a while ago, when a single large payment did not go through and all of a sudden about half-a-dozen smaller payments (which amounted to the same as the missed larger payment) suddenly appeared against my account.

              Comment


              • #8
                Re: oft and payday loans

                I would hope so, but it may take a while, I think.
                Never give up, Never surrender.

                Comment

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