Paypay uk . PRAC & BW LEGAL

[Dave G]

Hi just recieved a letter from payday uk

Stating account number
New reference and balance due

Sold to prac finacial limited on 9th december 2016

We have not been made aware of any valid reason why the balance has not been paid and PRAC financial limited are now the legal owners of the debt. Prease dorect all payments and corespondence to PRAC

Any questions etc contact prac


In the same envelope a letter from bw legal

Our client PRAC ltd
Balance due £184.15

Original creditor payday uk and orginal account number

Representing prac. And enclise correspondence confirmibg that our client has aquired the debt you previously owed to instant cash ltd / t/a pay dau uk.
We would also like to bring to your atenyion that only our client can now give full discharge of this debt and you should now only contact us about your account

Then goes onto payment methods

Then great news lol

We are delighted that for the next 28 days we can offer you a 10 % discount and your new balance would be £165.73. All you have to do is set up a payment arrangement with us within the next 28 days. Act now as this offer is only available untill 27th march 2017 after which it will no longer be available and the full balance will remain due.

If you settle your discounted balance in full our client will update your credit file and your pay day uk account will be marked as settled. If you pay by instalments our client will update your credit file accordingly each month



Letter 3 in same envelope



Original creditor payday uk
Ac number
Balance due

We are writing to inform you that we have acquired the above bedt from instant cash loans ltd T/a payday uk

We enclosed a copy letter from instant cash loans ltd T/a payday uk confirming our ownership of the debt

Only prac financial limited may now give valid discharge of this debt but have apointed bw legal services ltd as our representatives

By wahy of introduction we are a specialist debt purchaser. We take the aproach that we would prefer to work with you in order to agree a suitable repayment agreement based on your financial circumstances rather than having to take formal action

We there fore strongly urge yo to take this oportunity to deal with your outstanding liability by by discussing a suitable repayment with our representatives bw legal who are instructed by us to discuss affordable proposals for repayment with you


Any tip , advice on the above ?
( apart from paying as i know thats one way to get rid of this )

Info needed
More info from them ?

Got quite a bit of money going out at the moment and we are struggling with aby extra debt

Any advice aprrciatex and taken on board

Thanks

Dave

[Debt Camel]

Re: Paypay uk . PRAC & BW LEGAL

As you don't mention this as a problem, I assume you remember the debt and think it may about the right amount.

Did you borrow often from them before this debt you defaulted on? And from other payday lenders?

[Dave G]

Re: Paypay uk . PRAC & BW LEGAL

Hi yes we did have a couple . That was about 4 years ago . Withva ex partner

[Debt Camel]

Re: Paypay uk . PRAC & BW LEGAL

I have never come across a joint payday loan, they must have been either in your name or your ex's.

It may be possible to claim a refund of some of the interest you paid by making an affordability complaint, see https://debtcamel.co.uk/payday-loan-refunds/, but you are going to have to be clear about who borrowed and from which lender.

Your options for the debt you have been contacted about would seem to be:
1) ask the debt collector to prove the debt - supply a CCA agreement and a statement of account. For a loan about 4 years ago, they can probably do this.
2) pay it
3) make an arrangement to pay
4) put in a complaint to PaydayUk about unaffordable lending, tell the debt collector the debt is in dispute and ask them to hold any action until the complaint is resolved - if your complaint is upheld it will reduce or write off the debt you owed
5) ignore the letter - in which case they may proceed to legal action. In theory you could put in a complaint then, but it may not be possible to get the legal action stopped and once there is a CCJ the Finanical Ombudsman won't consider a complaint.


Whether a complaint is sensible really depends on how much you (not your ex) borrowed from PaydayUk before this debt.

[mrpickering86]

Re: Paypay uk . PRAC & BW LEGAL

I have never come across a joint payday loan, they must have been either in your name or your ex's.

It may be possible to claim a refund of some of the interest you paid by making an affordability complaint, see https://debtcamel.co.uk/payday-loan-refunds/, but you are going to have to be clear about who borrowed and from which lender.

Your options for the debt you have been contacted about would seem to be:
1) ask the debt collector to prove the debt - supply a CCA agreement and a statement of account. For a loan about 4 years ago, they can probably do this.
2) pay it
3) make an arrangement to pay
4) put in a complaint to PaydayUk about unaffordable lending, tell the debt collector the debt is in dispute and ask them to hold any action until the complaint is resolved - if your complaint is upheld it will reduce or write off the debt you owed
5) ignore the letter - in which case they may proceed to legal action. In theory you could put in a complaint then, but it may not be possible to get the legal action stopped and once there is a CCJ the Finanical Ombudsman won't consider a complaint.


Whether a complaint is sensible really depends on how much you (not your ex) borrowed from PaydayUk before this debt.

Good morning everyone

i received the exact same letter yesterday same date it was sold the only difference was the amount which is £250 in my case, thing is i have never dealt with this company or had a payday loan from them! can anyone advise me please?

[Debt Camel]

Re: Paypay uk . PRAC & BW LEGAL

Have you ever had any payday loans or other short term high cost credit? Because they had different brand names... Put PaydayUK into the FCA register https://register.fca.org.uk/ and then look at the list of all the brand names they have, past and rpesent, and see if any ring a bell.

[mrpickering86]

Re: Paypay uk . PRAC & BW LEGAL

no none at all

[Debt Camel]

Re: Paypay uk . PRAC & BW LEGAL

ok then you need to send them a Prove It letter, eg https://debtcamel.co.uk/prove-it/. You could add a sentence at the begining saying you have never had a payday loan in your life.