payday loan CCJ

[loulouxx]

Re: payday loan CCJ

OOO Thanks for that flaming parrot will definitely look into that a couple of the agreements seem to be C**P but above board the others have suspiciously gone very quiet...

[FlamingParrot]

Re: payday loan CCJ

lmao brilliant! Will definately try that approach.

The CCJ has been settled now and I have just sent off SAR requests about the others after hearing about the OFT stance on Payday lenders as I'm sure a few of them will have major grounds for complaints.

From April 1st the OFT is no more, however, there's tougher regulation on the way: :grin: :grin: :thumb:

There may be changes now the FCA has replaced the Office of Faffing and Twaddle as someone used to refer to it. msl:

http://www.ft.com/cms/s/0/39745222-b...#axzz2xjikRSP3

The chancellor in November moved to put a cap on the amount of interest that the companies could charge, and Mr Wheatley said on Tuesday that the FCA was collecting data from lenders to work out an appropriate level for the cap.

The FCA will force lenders to carry out proper affordability checks and stop consumers from rolling over payday loans more than twice. Research by the Office of Fair Trading, which previously oversaw the sector, found that about half of lenders’ revenues came from rolled over loans.

Don't forget that in addition to the FCA the Competition Commission are looking at the Payday loan market and in some respects they are more powerful than any other regulatory body.

http://www.competition-commission.or...payday-lending

It was they (and not the FSA) who effectively put an end to the PPI market by banning the sale of it at the point of sale.

[loulouxx]

Re: payday loan CCJ

lmao brilliant! Will definately try that approach.

The CCJ has been settled now and I have just sent off SAR requests about the others after hearing about the OFT stance on Payday lenders as I'm sure a few of them will have major grounds for complaints.

[Mr $quanda£ot]

Re: payday loan CCJ

If a DCA rings why not have some fun with them like I did? I never answered their security questions but never the less did my very best to keep them on line for a while. This was in order to confuse their auto dialling system.

Talk a lot of garbage and then ask to speak to the manager. It's almost guaranteed that the manager's 'not available'. Then ask them to meet you somewhere or even ask them for a date. You may even go a bit further and start asking them some personal questions i.e. where they live, if they are married or not, how many kids, sexual preferences, religion etc. You could then ask them to pay your alleged debt if they truly believe you owe them something.

This is almost guaranteed to put them off and suddenly you receive no calls, but the key is to 'upset' their auto-dialler!

[loulouxx]

Re: payday loan CCJ

ah that's why I could find them. The only ones I have heard from are Peachy and that is because of MMF the others since 2012 except for the occasional letter that just gives a balance. In regards to the payday loans I am going to ask them to send me a copy of my credit agreement and a breakdown of the charges with the £1 charge as a postal order then take it from there as I'm sure they might have a loophole (worth a try) Just need to know which way to go with the CCJ.

[jon1965]

Re: payday loan CCJ

As far as I know txt loan still exist but have just changed their name to myjar.com . I read on another site where they are using DCAs to chase people.

I havent heard from some of mine for well over a year, in some cases more like 2 years.

[loulouxx]

Re: payday loan CCJ

Thanks for everyone's reponses. I will try to answer all the questions put to me above.
The charges were put on before the CCJ and the company I have been dealing with is the same company who put in for the CCJ Payday Overdraft. From what I can make out from my research this company have a habit of trying their luck in court hoping for a default I am so angry that I played into their hands. I made no payments until after the CCJ I did send the court asking for the payments to be dropped to £10 as I was only getting SSP but this was rejected. I started making £50 payments in June until Jan/Feb when I left my work because of illness. I have not made any payments since. Payday Overdraft are willing to accept £10 a month until I am back into work.

My other payday loans are horrendous from my last count I have 15 but they aren't contacting me. Except for 2 Peachy Loans @ £395 and Cash Genie @ £410. I also have the following PDUK @ £225, Capital Finance One @ £581.90, Quick Quid @ £529.50, Wonga @ £706.91, Moneybox247 @ £313.88, Pounds til payday @ £571.91, Txt Loan @ £351.00. Pounds to Pocket @ 730.91.Monkeydosh @ £520, conversmoney @ £400, Uk Loan Store @ £520 and Tower Credit @ £300 and Pounds2day @£375. Just looking at it makes me sick. I know that converse money have stopped trading and so has pounds2day, Txt Loan and Tower Capital. The only ones that are bothering me is Peachy as this is now with MMF. Ill give you a quick background, My problem started when I was in a bad relationship and he borrowed most of the above as he was in trouble financially. We broke up and I become ill with stress and had over 5 operations during that time. I have a medical condition called Hidradenitis Suppurativa Stage 3 which caused abcess' and tissue inflammation Ive had 12 operations in total and I am waiting to go for my 13th. It also causes depression.

[QueenAnne]

Re: payday loan CCJ

can I ask how much the judgement was for, when and how much you paid altogether since the judgement?
also just to confirm, you made no payments while the court proceedings were happening correct?
thirdly, have you tried notifying and negotiating with them? They are obliged to be reasonable, whatever that means to these $%£$%.

I base the first question on me being almost certain that they cannot increase the amount of the CCJ after it's issued... not without paperwork and judge. They can't claim more under the same CCJ without a judge, when the CCJ is issued the judge asks for any additional charges (court proceedings, interest -defined at a rate about £.49 or something) and comes up with the final amount and that's the amount unless an N245 adjusts it.
They can enforce in theory... which was the attachment of earnings attempt.

And you can vary the CCJ, the form is the N245 (same as the one used to set aside or strike out) but as someone said above first you need to review thoroughly all options and most of all if everything was done correctly in the first case, and throughout that case and judgement proceedings.

(I just respond to this because I went to Small claims and won a case last yr tho I was the creditor not the debtor... had to submit these forms from the other side but I was looking into how it can be defended to ensure it couldn't. Especially cos it went into enforcing stage. Still please consider someone who is a regular.)

[Amethyst]

Re: payday loan CCJ

We need to look at some basics before we start on set asides and variations of orders.

The charges you are worried about were they applied before the judgment or after ?

Which company have you spoken to that you will be making payments of £10 a month to ? and which company is the claimant on the original judgment ?


What companies are the other payday loans with ? and how much are they for ?


Revoked their licence sounds like the police have told them not to visit you (doorstep collection)

It may assist if you type a list of each company, how much you borrowed, when, and how much you currently owe on each.

Then we can deal with each one.

[jon1965]

Re: payday loan CCJ

If you are on benefits the other option is to get the order varied (yopu should get the cost waived by the court) and reduce it to £1 PCM. I am not sure which form it is

Re: payday loan CCJ

I'm afraid I don't know enough about court proceedings to answer your query. Hopefully someone will be along soon who can. The court should be able to advise I think.

[loulouxx]

Re: payday loan CCJ

Hi Labman that's what I am not sure about. I did pay what the court ordered when I went back to work but since I haven't been able to work I haven't been able to pay anything. I am waiting for an operation (My 12th) which can be anytime now. Can I write to the courts with this information as I have proof from the DWP of when I stopped working and that I am claiming ESA Support Group contribution based benefit. I don't know if they will accept that.

Re: payday loan CCJ

Now you are better, are you not able to attempt to get the CCJ set aside:

http://hmctsformfinder.justice.gov.u...s/n244-eng.pdf

[QueenAnne]

Re: payday loan CCJ

(message removed cos i replied on the wrong thread sorry!)

[loulouxx]

Re: payday loan CCJ

Loan Sharks for sure! It makes you wonder that our Mr Cameron is old friends with a major shareholder in Wonga who also have a profit of over 400% hmmm? These companies are the lowest of the low almost at the level of Sub crime lenders.