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Hi everyone I am new here and have used the site in the past for help and advice. I have unfortunately had debt problems and comming close to the end of my IVA. Sadly though I fell foul of the payday sharks ending up with a number of loans and robbing Paul to pay Peter. I hold my hand up and should never have got involved with these but at the same time these lenders should never lend to people in my circumstances ie in a IVA. I am now challenging these debts and getting them written off for misselling. Has anyone else had their loans besides Wonga written off? I think that in time these loans could backfire on the lenders just like PPI caught up with banks etc.
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Re: Payday lenders past their sell by date!
I have heard stories of some and I have certainly had a few back off. I have not tried the misselling approach as I don't want to poke companies who haven't contacted me for 2 years or more.
You are right, they should never have lent to you, BUT did you declare that you weren't in an IVA? I only ask because some lenders will get stroppy with you saying you misrepresented the position -
Re: Payday lenders past their sell by date!
Thank you true yes some lenders will but that's where their credit checks should have picked up what is a public record having an IVA. I understand you though. You have many creditors?Comment
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Re: Payday lenders past their sell by date!
Yes I do have rather a lot of creditors in all guises, loans ,credit cards , payday loans, some unenforceable because the agreements are flawed, some unenforceable because they can not find an agreement and some where I would have to argue my case in courtComment
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Re: Payday lenders past their sell by date!
Good luck with yours. Luckily the FOS have offered to write to each lender for me which is a big step. The idea bring to save more time later if this becomes a formal complaint.Comment
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Re: Payday lenders past their sell by date!
How did you get the FOS to be proactive?
In my experience they will only react when a formal complaint has been followed by a final response or no response at allComment
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Re: Payday lenders past their sell by date!
They saw my post and joined the thread which was interesting I know usually they have to wait u til the lender has responded or not responded. It could add weight could it not for u think?Comment
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Re: Payday lenders past their sell by date!
Which site was that on. I might pay them a visitComment
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Re: Payday lenders past their sell by date!
It's on here I will try get you the threadComment
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Re: Payday lenders past their sell by date!
I am guessing it must be from a different usernameComment
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Re: Payday lenders past their sell by date!
Yes I will look it up I lost password from the other will tryComment
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Re: Payday lenders past their sell by date!
Just pop in your username and I am sure i will find it quite easilyComment
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Re: Payday lenders past their sell by date!
Hi I found my other profile need to delete one of them lol. You can see my threads now from my username ref sunny loans and FOS tooComment
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Re: Payday lenders past their sell by date!
It's in the VIP area so I can't see it-being a poor indebted student
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Re: Payday lenders past their sell by date!
I did not realise I was a VIP I will copy paste you later the Fos responseComment
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