Merrywood loans

[Amethyst]

Re: Merrywood loans

Purple Turtle now seem to be Blue Bean.

I hate to say bit they seem to be another ''membership'' loan broking ''service''

Do you think when he was looking for loans he might have filed in his details on some other loan Broker sites?

I'll check Orchard now.

[Amethyst]

Re: Merrywood loans

Did he get the £69 back from merrywood?

[vanman]

Re: Merrywood loans

This sounds very similar two things like loan options and other brokers that are on here. Theres one lady who had numerous amounts taken by different lenders as application fees after signing up to a brokers site. Will have a look into it.

thank you he only has a part time job he a student they cleaned him out.
and now he cleaning me out:violin:

[Johnboy007]

Re: Merrywood loans

Well vanman, if anyone can help you, Amethyst can.
Get your son to instruct the bank not to pay any money to these companies.
Do it in writing

[Amethyst]

Re: Merrywood loans

This sounds very similar to things like loan options and other brokers that are on here. Theres one lady who had numerous amounts taken by different lenders as application fees after signing up to a brokers site. Will have a look into it.

[vanman]

Re: Merrywood loans

This does seem like a bit of a fiddle.
Apply to one company who then tell you that they don't do loans, but will pass your details to other companies, who then charge fees.
First thing to do is cancel any and all direct debits or standing orders. no direct debits or standing orders just his card
You stated.... He phoned them up to cancel the contract
I really do need to see the contract that your son signed.
As you haven't mentioned any fees payable from Merrywood loans, they took him for £69 in Dec that's when he found out he had been ripped off
or any terms and conditions. http://www.merrywoodloans.co.uk/faqs#ans19
It is hard to advise you, or to seek help from my colleagues on LB, unless you can provide more details.

sons not home yet but i know he has only has an email of the contract from Dec

[Johnboy007]

Re: Merrywood loans

This does seem like a bit of a fiddle.
Apply to one company who then tell you that they don't do loans, but will pass your details to other companies, who then charge fees.
First thing to do is cancel any and all direct debits or standing orders.
You stated.... He phoned them up to cancel the contract
I really do need to see the contract that your son signed.
As you haven't mentioned any fees payable from Merrywood loans, or any terms and conditions.
It is hard to advise you, or to seek help from my colleagues on LB, unless you can provide more details.

[vanman]

Re: Merrywood loans

no he had no loans at all they are broker they don't supply loans

etc (Orchard Data Solutions Limited does not make payday loan or credit decisions, and is not a lender. Orchard Data Solutions Limited matches customer's loan applications with lenders in our database depending on the information provided. The completion of the application form does not guarantee approval of a loan.)

(Merrywood Capital Management Limited does not make payday loan or credit decisions, and is not a lender. Merrywood Capital Management Limited matches customer's loan applications with lenders in our database depending on the information provided. The completion of the application form does not guarantee approval of a loan.)

he made a mistake with merryloans but phone them up in may and canceled
but Orchard and purple he was not aware of.
theses are the two company’s that took the money in august
apparently they are the same company the same address
they have his debit card details and used it to take out the cash

Barclay bank have said sorry we cant help to get your money back
but i was just reading about the The Payment Services Regulations 2009

[Johnboy007]

Re: Merrywood loans

Did your son get three separate loans from the three companies mentioned?
Your son should cancel any debits or standing orders with any of these companies, until it is sorted out.
On getting a loan (if he did), have you a copy of the agreement that you could scan and post on here.
Obviously blanking out your personal details.
To cancel a contract you really must put it in writing, keeping a copy.
Phone calls, unless taped are impossible to prove.
Send any correspondence by recorded and signed for post (costs under £2.00)
Try to post that contract if you can.