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Hi any help on how best to defend would be much appreciated. Received a claim form from the county court originally a payday loan defaulted back in June 2016 the debt was then bought by Prac financial and now BW Legal have issued proceedings on their behalf.
Particulars of Claim
The claimants claim is for the sum £866.75 being monies due from the Defendant to the claimant under a loan agreement regulated by the Consumer Credit Act 1974 between the Defendant and Instant Cash Loans Limited t/a Payday UK under account ref xxxxxxxxxx and assigned to the Claimant on 09/12/2016 notice of which has been given to the Defendant . The Defendant failed to maintain the contractual payment under the terms of the agreement and a default notice has been served and not complied with. The claim also includes statutory interest pursuant to section 69 of the county courts act 1984 at a rate of 8.00% per annum from the date of assignment of the agreement to 30/07/2019 being an amount of £183.16.
original loan was for £550.00 no explanation how it's jumped to £866.75
Total claim
£866.75
£183.16 Interest
£70.00 court fee
£80.00 Legal representation costs
Any help would be appreciated
Particulars of Claim
The claimants claim is for the sum £866.75 being monies due from the Defendant to the claimant under a loan agreement regulated by the Consumer Credit Act 1974 between the Defendant and Instant Cash Loans Limited t/a Payday UK under account ref xxxxxxxxxx and assigned to the Claimant on 09/12/2016 notice of which has been given to the Defendant . The Defendant failed to maintain the contractual payment under the terms of the agreement and a default notice has been served and not complied with. The claim also includes statutory interest pursuant to section 69 of the county courts act 1984 at a rate of 8.00% per annum from the date of assignment of the agreement to 30/07/2019 being an amount of £183.16.
original loan was for £550.00 no explanation how it's jumped to £866.75
Total claim
£866.75
£183.16 Interest
£70.00 court fee
£80.00 Legal representation costs
Any help would be appreciated
