I hope somebody can help. I had a payday loan with Piggbank many years ago. I was in a bad situation at the time and wasn't able to repay. After some time of no payment it seemed to go quiet and I had no letters from Piggybank in years. I think I've maybe had one or two letters in 7 years. They have sent a lot of emails that I've recently discovered but this was on an old email address I don't even use.
Anyway, a few weeks ago I received a 'Letter before claim' from AJJB Law - in accordance with the pre-action protocol for debt claims. They go on to state 'legal proceedings may be commenced against you in the county court without further notice'.
The debt defaulted in March 2013 so I was wondering if this might be statute barred. But then I can see I did make a couple of payments on the loan up until the end of Dec 2014, making 6 years from then very soon. Maybe that's why they are suddenly chasing this as we come to the 6 year mark. I think I may have had one or two email communications with Piggy bank a few years ago as well. So i'm assuming I can't go down the statute barred route?
I've spoken to piggybank a number of times over the last couple of days and they won't have anything to do with it now. Looking at the emails they sent me lots of settlement offers, some of 80% off the debt. I asked if I can make the settlement payment but they say I have to speak to AJJB law.
I called AJJB law and they say I either pay settlement of 20% reduction, or I go into a payment plan. If not they may take it to court. Obviously i'm there saying i've had 80% reduction settlement offers from Piggybank previously but wasn't aware, can we not get nearer to that, but they decline. I understand they want to get as much as they can but I found them very rude and patronising on the phone. I'm sure they could reduce it further but just don't want to.
What are my options? 7 years since the default and now they decide to chase! I've just managed to get my credit up to an average level after years of it being awful so don't want this going to a CCJ if I can help it.
7 year old pay day loan debt now with AJJB law - threatening legal / court action
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Hi. Is the case still in the process? I'm asking for one of my friends. He got the same email from them. He doesn't even exactly remember if he got a loan. So, should I worry?
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Hi Replenished - Any update? Any sign of a court claim? Given what I previously explained about the s.87 default usually occurring within 3 months of the last payment....you may now have crossed the limitation threshold so it would be good to hear what has happened.
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So when is the right time to send? I am not longer on same address so no chance I will get any post they have sent
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Originally posted by Holly21 View PostHi. I am wonder how your case finished? I had same email today and I even dont remember I had any loan with them... anyway if I did it was about 6–7 years ago. Should I send a letter and ask for copy of credit agreement?
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Originally posted by Holly21 View PostHi. I am wonder how your case finished? I had same email today and I even dont remember I had any loan with them... anyway if I did it was about 6–7 years ago. Should I send a letter and ask for copy of credit agreement?
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Hi. I am wonder how your case finished? I had same email today and I even dont remember I had any loan with them... anyway if I did it was about 6–7 years ago. Should I send a letter and ask for copy of credit agreement?
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There's been no response to the CCA letter and the 12 working days is up tomorrow.
I have received the below via email:
IMPLICATIONS OF A COUNTY COURT JUDGMENT (CCJ)
We are now in a position to issue a County Court Claim to recover the balance due to DJS(UK) Ltd (in Admin) t/a Piggy Bank as we have not received a satisfactory response to the Letter Before Claim. This could result in a CCJ being registered against you
As previously mentioned, we wish to resolve this matter without the need for legal action, however, we are unable to do so if you do not address the balance due.
A CCJ will have an adverse impact on your credit file and will be registered for 6 years. It will affect any future lending decisions including applications for loans, mortgages, tenancy agreements and the purchase of goods on credit (for example a mobile phone contract).
Please do not ignore this email.
Yours Sincerely,
AJJB Law
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Aside from that I've just had a text saying they will be "conducting a pre court action review this week."
They definitely have no power to pursue this without confirming the CCA right?
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Originally posted by MIKE770 View Postwait as they if a agreement request outstanding then no enforcement can take place - read around the threads it is a self help exercise to get to know the basic way things run?
The 12 days on the CCA letter doesn't represent anything then I suppose, it's not as if I can say 'right you haven't responded within 12 working days so you can now no longer chase the debt'?
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Originally posted by Replenished View PostI hope somebody can help. I had a payday loan with Piggbank many years ago. I was in a bad situation at the time and wasn't able to repay. After some time of no payment it seemed to go quiet and I had no letters from Piggybank in years. I think I've maybe had one or two letters in 7 years. They have sent a lot of emails that I've recently discovered but this was on an old email address I don't even use.
Anyway, a few weeks ago I received a 'Letter before claim' from AJJB Law - in accordance with the pre-action protocol for debt claims. They go on to state 'legal proceedings may be commenced against you in the county court without further notice'.
The debt defaulted in March 2013 so I was wondering if this might be statute barred. But then I can see I did make a couple of payments on the loan up until the end of Dec 2014, making 6 years from then very soon. Maybe that's why they are suddenly chasing this as we come to the 6 year mark. I think I may have had one or two email communications with Piggy bank a few years ago as well. So i'm assuming I can't go down the statute barred route?
I've spoken to piggybank a number of times over the last couple of days and they won't have anything to do with it now. Looking at the emails they sent me lots of settlement offers, some of 80% off the debt. I asked if I can make the settlement payment but they say I have to speak to AJJB law.
I called AJJB law and they say I either pay settlement of 20% reduction, or I go into a payment plan. If not they may take it to court. Obviously i'm there saying i've had 80% reduction settlement offers from Piggybank previously but wasn't aware, can we not get nearer to that, but they decline. I understand they want to get as much as they can but I found them very rude and patronising on the phone. I'm sure they could reduce it further but just don't want to.
What are my options? 7 years since the default and now they decide to chase! I've just managed to get my credit up to an average level after years of it being awful so don't want this going to a CCJ if I can help it.
Leave a comment:
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wait as they if a agreement request outstanding then no enforcement can take place - read around the threads it is a self help exercise to get to know the basic way things run?
Leave a comment:
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Right so the 12 working days will be up in a few days time. I've not had any response to the CCA letter, only missed calls and texts asking me to get in touch.
Can anyone advise of what I should do if I have no response to the CCA in the 12 working days?
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So what's the deal, ignore their messages about the 'letter before claim'? What's the next step if I do not get a response to my CCA request letter?
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