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TM Legal Services are going to take me to court if I don’t pay

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  • TM Legal Services are going to take me to court if I don’t pay

    Hi,
    On 06/04/2919 I took out a payday loan via Lending stream for £200, I was not working at the time and really stupidity lied on the application form to say I was working. I also suffer from PTSD and depression which I also stupidly did not declare to Lending stream.

    Since I took out the loan I have been unable to pay them back so I had a company called Assets collections and Investigations chasing me who have now transferred the debt to a new company called TM legal services who have said if I donít pay within 21 days they will commence litigation. They have also said they can offer a reduced settlement if I contact them.

    So shall I contact them and try to reduce the amount owing?
    Will they really take me to court if I donít pay?


    Letter is attached.

    Last edited by Celestine; 2nd March 2020, 13:32:PM. Reason: Removed personal details from attachment
    Tags: None

  • #2
    I have reattached the letter with personal info removed.

    *
    Attached Files

    Comment


    • #3
      Originally posted by Crawford View Post
      Hi,
      On 06/04/2919 I took out a payday loan via Lending stream for £200, I was not working at the time and really stupidity lied on the application form to say I was working. I also suffer from PTSD and depression which I also stupidly did not declare to Lending stream.

      Since I took out the loan I have been unable to pay them back so I had a company called Assets collections and Investigations chasing me who have now transferred the debt to a new company called TM legal services who have said if I donít pay within 21 days they will commence litigation. They have also said they can offer a reduced settlement if I contact them.

      So shall I contact them and try to reduce the amount owing?
      Will they really take me to court if I donít pay?


      Letter is attached.
      Hi - My daughter has received a court claim from TM Legal from a Lending Stream payday loan taken in very similar circumstances to you. May I ask how you proceeded and whether you reached a positive outcome?

      Comment


      • #4
        I got into a financial mess dealing with my mam going through cancer eventually losing the battle but anyway I got a few payday loans and I think a credit card too around the same time, after acquiring an online gambling problem, my escapism from the stress basically I lost everything. Iíve never paid a single penny for about 4 yrs, had all the letters, threats, etc but no ccj or many people come to my property. Iím waiting a couple more years then go statue barred. The letters and threats are just to intimidate you into paying. If you donít own a home or have any assets and canít pay them what can that do.

        Comment


        • #5
          I donít think itís worth the court costs either for the amount you owe I wouldnít worry about it

          Comment


          • #6
            Originally posted by Soutano1 View Post
            If you donít own a home or have any assets and canít pay them what can that do.
            Well they can take you to court for a CCJ... TM legal can and do start court action for a couple of hundred pouds. That would then be on your credit record for another 6 years.


            Comment

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