Toothfairy goes into adminstration

[Nibbler]

http://www.credittoday.co.uk/article...administration

Payday lending firm Web Loans Processing Ltd, which trades as Toothfairy Finance, has entered administration.

Freddy Khalastchi and Martin John Atkins of Harris Lipman were appointed joint administrators of the company on 28 November 2013.

The business is registered at Number 10 Greycoat Place, London and trades under a variety of names, including Toothfairy Finance, Cashkingdom.co.uk, Easyfinanceclub.co.uk and Wegivecredit.co.uk.

A former director of Web Loans Processing, Gary Chapple, has been linked with other lenders and a debt recovery firm.

According to the public register, Chapple’s consumer credit licence lapsed on 29 May 2003 but he still has consumer credit licence applications pending for two firms: Community Pay Day Loans and Tune Tribe Finance.

He is also listed as a director of Iceland Finance Ltd which is currently licenced.

Chapple is listed as an officer at Affinity Consultants Ltd, which lists debt collecting as one of its activities and is based in Tunbridge Wells, Kent.

According to Toothfairy Finance: “You can choose to borrow from £100 to £400 and pay it back on your next payday.”

But another statement on the website claimed “we welcome all customers, regardless of your situation, employment status or income level”.

[CleverClogs]

Re: Toothfairy goes into adminstration

There is a God...

[CleverClogs]

Re: Toothfairy goes into adminstration

Mind you, I'll miss being able to make rude jokes about their (former?) parent company, CIM Technologies Ltd. - link :grin:

http://www.oft.gov.uk/news-and-updat...0#.UqoR2NJdWSo

[jon1965]

Re: Toothfairy goes into adminstration

Cloggy put your bum away....and you are a rude rude man

BTW that is not enough to prove to me there is a god, but it is enough to justify opening a bottle...shame they are one of the few i don't owe money to lol

[bluebottle]

Re: Toothfairy goes into adminstration

Mind you, I'll miss being able to make rude jokes about their (former?) parent company, CIM Technologies Ltd. - link :grin:

http://www.oft.gov.uk/news-and-updat...0#.UqoR2NJdWSo

Having clicked on the link, I can see why you miss making rude jokes about CIM Technologies Ltd, Cloggy. It had me laughing. :grin:

[Nibbler]

Re: Toothfairy goes into adminstration

And I suspect as this is the kind of of email they used to send to people.

Sample:

PLEASE BE WARNED

1. <insert name> Debt Recovery (debt collection specialists) have now been passed your file to recover your debt. They are about to visit you at ALL addresses we have on file for you. They will be looking to take payment for the balance that you owe. This will include Legal fees, Recovery fees and Full Interest. They will keep visiting until payments are received.

2. <insert name> Solicitors are in the process of successfully obtaining a County Court Judgement against you. This will be followed by Certified Court Bailiffs visiting to seize goods at EVERY address you submitted. This may include your family homes. You will receive correspondence from them and the County Courts at all these addresses.

Please note that Bailiffs will seize goods at 9 times the value of what you owe (including court fees). These goods will then be sold at public auction to pay off your debts.

3.We are about to send your file including details of missed payments to the Credit Reference Agencies. This will be a permanent addition to your credit file and will make it very difficult for you to obtain ANY credit in the future.

4.Please also note that the amount you now owe will allow us to start Bankruptcy proceedings. Should the above prove unsuccessful we will not hesitate to start proceedings to make you Bankrupt.

We will not go away until the debt has been paid, failing to act will only lead to the debt getting bigger. Please contact us immediately.

[jon1965]

Re: Toothfairy goes into adminstration

I have never seen that particular gem although I can imagine it will scare the brown stuff out of people who do not know how to see them off.

[CleverClogs]

Re: Toothfairy goes into adminstration

Mind you, I'll miss being able to make rude jokes about their (former?) parent company, CIM Technologies Ltd. - link :grin:

Having clicked on the link, I can see why you miss making rude jokes about CIM Technologies Ltd, Cloggy. It had me laughing. :grin:

Needless to say, the jokes involved a crude pun concerning their apparently expressed desire to suc-ceed... msl:

[Amethyst]

Re: Toothfairy goes into adminstration

Date: 10 December 2013 Issue Number: 60711 Page number: 24403 Publication Date: Tuesday, 10 December 2013
Notice Code: 2410
Appointment of Administrators
In the High Court of Justice, Chancery Division
Bristol District Registry No 765 of 2013


WEB LOANS PROCESSING LIMITED
(Company Number 07275227)
(t/a Cashkingdom.Co.Uk, Cashkingdom.Com, Communitypayday, Communitypayday.Co.Uk, Communitypayday.Com, Creditcheckout, Creditcheckout.Co.Uk, Creditcheckout.Com, Diamonddiscountclub, Diamonddiscountclub.Co.Uk, Diamonddiscountclub.Com, Diamonddiscountfinance, Diamonddiscountfinance.Co.Uk, Diamonddiscountfinance.Com, Easyfinanceclub, Easyfinanceclub.Co.Uk, Easyfinanceclub.Com, Fastloan4you, Fastloan4you.Co.Uk, Fastloan4you.Com, Gearcard, Gearcard.Co.Uk, Gearcard.Com, Gearfinance, Gearfinance.Co.Uk, Gearfinance.Com, Gogetloan, Gogetloan.Co.Uk, Nextcredit, Nextcredit.Co.Uk, Nextcredit.Com, Okcash, Okcash.Co.Uk, Okcash.Com, Takeoutcash, Takeoutcash.Co.Uk, Takeoutcash.Com, Thegearcard, Thegearcard.Co.Uk, Thegearcard.Com, Toothfairy Finance, Toothfairyfinance.Co.Uk, Toothfairyfinance.Com, Wegivecredit, Wegivecredit.Co.Uk, Wegivecredit.Com)
Nature of Business: Provider of short term loans.
(formerly Toothfairy Finance Limited; Web Loan Processing Limited)
Registered Office of Company: Suite 516, Fifth Floor, Number 10 Greycoat Place, London SW1P 1SB.
Principal Trading Address: Suite 526, Number 10 Greycoat Place, London SW1P 1SB




Date of Appointment: 28 November 2013.

Joint Administrators' Names and Address: Freddy Khalastchi FCA FABRP and Martin John Atkins FCA CTA FABRP (IP Nos 8752 and 9020), both of Harris Lipman LLP, 2 Sovereign Quay, Havannah Street, Cardiff CF10 5SF For further details contact: Freddy Khalastchi, E-mail: mail@harris-lipman.co.uk, Tel: 029 2049 5444.

[CleverClogs]

Re: Toothfairy goes into adminstration

WEB LOANS PROCESSING LIMITED
(Company Number 07275227)
(t/a Cashkingdom.Co.Uk, Cashkingdom.Com, Communitypayday, Communitypayday.Co.Uk, Communitypayday.Com, Creditcheckout, Creditcheckout.Co.Uk, Creditcheckout.Com, Diamonddiscountclub, Diamonddiscountclub.Co.Uk, Diamonddiscountclub.Com, Diamonddiscountfinance, Diamonddiscountfinance.Co.Uk, Diamonddiscountfinance.Com, Easyfinanceclub, Easyfinanceclub.Co.Uk, Easyfinanceclub.Com, Fastloan4you, Fastloan4you.Co.Uk, Fastloan4you.Com, Gearcard, Gearcard.Co.Uk, Gearcard.Com, Gearfinance, Gearfinance.Co.Uk, Gearfinance.Com, Gogetloan, Gogetloan.Co.Uk, Nextcredit, Nextcredit.Co.Uk, Nextcredit.Com, Okcash, Okcash.Co.Uk, Okcash.Com, Takeoutcash, Takeoutcash.Co.Uk, Takeoutcash.Com, Thegearcard, Thegearcard.Co.Uk, Thegearcard.Com, Toothfairy Finance, Toothfairyfinance.Co.Uk, Toothfairyfinance.Com, Wegivecredit, Wegivecredit.Co.Uk, Wegivecredit.Com)

I do hope they weren't all hosted by the same hosting provider.

[enquirer]

Re: Toothfairy goes into adminstration

Perhaps we should have a whip round to buy some of their debts.

Now that would be fun ...

[charitynjw]

Re: Toothfairy goes into adminstration

So Toothfairy doesn't exist any more?

If we also prove that the ubiquitous sanity clause, implied in many contracts this time of year, is illegal, I'll be quids in!

[ruthie59]

Re: Toothfairy goes into adminstration

Cloggy,

I was having a bad day until I read your post. Have just choked on my tea! No pun intended, but keep them coming (I mean the jokes)!

Ruthie x

[Inca]

Re: Toothfairy goes into adminstration

We will not go away until the debt has been paid, failing to act will only lead to the debt getting bigger. Please contact us immediately

Ummm....yes you have gone away......Bye Bye,,TaRa,Arrivederci,Farewell........now F88K OFF (with all love)

[CleverClogs]

Re: Toothfairy goes into adminstration

F88K OFF

How should one pronounce that?