legality of payday loan post termination interest

[legalese]

Re: legality of payday loan post termination interest

You simply stop paying them, they will send you letters, accept what they say to you about owing them money, then do the same thing send them a letter asking them to prove the contract exists, thats when they call on the bailiffs who in turn recieves a letter from you stating you do not want to do business with them and remove their rights of access to your property or you will charge them a fee for trespass. Its that easy.

[legalese]

Re: legality of payday loan post termination interest

In addition to Militant's post, subsequent to this one, I have to say this is terrible advice - that is not personal or opinion, it is a statement of fact.

My suggestion would be to go a reputable FREE Debt Advice Organisation such as CCCS, Payplan etc... and seek advice. Just stopping to repay a debt you owe is not a good way to avoid court proceedings.

How would they begin court proceedings?

[miliitant]

Re: legality of payday loan post termination interest

I realy do not want to go off topic but i feel we are going down the "free man route", this is not applicable to this situation and as i am in the middle of a law degree, this goes against my better judgement

[legalese]

Re: legality of payday loan post termination interest

This advice is for those that are deep in debt, this is 100% the way out of all the stress and family breakdowns, divorces and suecide.

[legalese]

Re: legality of payday loan post termination interest

I realy do not want to go off topic but i feel we are going down the "free man route", this is not applicable to this situation and as i am in the middle of a law degree, this goes against my better judgement

Why do you bring freeman things into it, is a contract a contract or what militant, and if its not a contract then what are we speaking about freeman stuff, is a freeman a criminal or something~?

[labman]

Re: legality of payday loan post termination interest

Legalese, I am sorry, but you and I are going to have to agree to differ on this. In my opinion everything you are advising is poor quality and should not be listened to. I appreciate you disagree with me too.

For anyone reading this thread, I sincerely hope you do not follow the advice given by Legalese. However, I am not going to get drawn into an argument. I've stated clearly, and in my opinion correctly, what people should do if caught in this trap in two different posts. I really have nothing else to add except:

http://www.adviceguide.org.uk/englan..._day_loans.htm

and

http://www.cccs.co.uk/Services/Debta...ydayloans.aspx

[legalese]

Re: legality of payday loan post termination interest

Good advice labman from them free debt advice websites, mine is similar but you get to have the cake and eat it without worrying about a thing. Either way your credit scoring gets hit even if you do pay back in smaller payments.

[legalese]

Re: legality of payday loan post termination interest

I realy do not want to go off topic but i feel we are going down the "free man route", this is not applicable to this situation and as i am in the middle of a law degree, this goes against my better judgement

Then you of all people should know what contracts is all about, you will soon be a member of the law society in which case you will advise your clients to pay anything that is thrown at us. Without the mention of consent.

[legalese]

Re: legality of payday loan post termination interest

I know many people that have had bailiffs at the door and lawyers have been contacted for advice, the advice they give is pay up or they can take your belongings. This is not true, the lawyer lied as he didnt know the law on bailiffs nor do the police.

[legalese]

Re: legality of payday loan post termination interest

I will leave you with this, our country the uk is policed by consent as told by Theresa May MP (SHE COULD BE A FREEMAN YOU KNOW), our country is a business nation run on contracts, speeding fines, seatbelts, bold tyers, parking tickets all need our consent to contract, tickets are offered and when you agree you have created a contract nonetheless its not a binding contract (but we dont know that do we) ignorance of the law is no excuse. Schools do not teach us law they teach us rules of the school, in society legislation is a rule of society it is not a law it is based on contracts and consent of the people...us. You do not have to pay your loans they are not contracts they are agreements and not binding (but we dont know that do we), Yes is what they want you to say, agree is what they want you to do, its all profit made from us, everyone is in debt due to this and people need to know the truth. All this is based around business and profit and contracts and agreements are the way forward for them companies, it is not law.

[legalese]

Re: legality of payday loan post termination interest

Militant, you are a law student gaining a degree, let me ask you this, when you are stopped for speeding and are given an on the spot fine of £80 if you do not pay that fine you get called into court sometime in the future,
who is the injured party? is it 1. the police officer 2. the pedestrian walking her dog 3. the state
who is prosecuting you? is it 1 the police 2. the pedestrian walking her dog 3. the state

Remember you are innocent until proven guilty

[miliitant]

Re: legality of payday loan post termination interest

that is why you are given the option of going to court to debate your defence if you feel you are not guilty

an on the spot fine is an admission of guilt and negates the court process if the police constable decides a fixed penalty is applicable

their is no injured party, statutory legislation has been breached, statute law is defined from common law

the law states a penalty for what ever offence, you decide if you are guilty or not, if not guilty then a court of your peers decide

without law their is only anarchy

BUT PLEASE

LETS NOT GO OFF TOPIC

[legalese]

Re: legality of payday loan post termination interest

Yes, very interesting militant, just what i suspected from a student of law who will shortly be a member of the law society, a company for profit trading in the administration of justice, I wonder how they make their profits?

So you say a speeding ticket is an admission of guilt, a ticket admitting guilt, very large profits i must say given to those who are unaware of the law.

The state is the injured party and you are prosecuted by the state in a criminal, sorry administrative court regarding trust law.

So i go not guilty and you say the court of my peers decide? I guess im guilty then, theirs justice for you. (Thank god we have juries)

without law their is only anarchy, yes you are totally correct here, but we do have laws, i cannot steal from you, i cannot harm you in any way or deprive you of your belongings, therefore the state of disorder remains intact.

So as we live in a country run on business and commerce then these companies for profit need financing wouldn't you agree militant?

Do you study equity and trusts? Very important militant and very very clever and complex area of law used by the justice system effectively.

Hopefully the poster has the answer to their payday loan scenario, Do not contract with them SAY NO.

Here is the details of the law society as seen on companies house, LAW SOCIETY
Company No. RC000304
Company Incorporated by Royal Charter (England/Wales)
Please contact the company directly as Royal Charter companies are not obliged to register any documents (I wonder why)?

Check any other company like tesco for example, they are required to register for tax purposes etc. The above is what i call a very private trust.

[Guest]

Re: legality of payday loan post termination interest

It really is not a good idea to get involved with an argument with this poster.
He operates on a completely different plane of existence to the rest of us, his world is governed by different laws our rules of logic do not apply.

I heartily recommend letting him ramble on until he gets fed up, respond and you will only encourage him.

D

[legalese]

Re: legality of payday loan post termination interest

I am not arguing davyb im stating what you dont know only what you are told to believe, who governs you davyb???