Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limited

[Amethyst]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

I have removed a couple of posts, it's all okay, just being investigated.

Please feel free to email me ANY contact you have - voice mail recordings / emails / texts / post etc - it will be kept confidential and only passed to the FCA if needed.

[Misbegotten]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

The first two emails I received last Wednesday with payment details were from Andrew Hart and Alex Grey respectively. Not sure if this is relevant ?

[silverstream]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

Hi I understand that Micro Lend has had their credit licence suspended, does anyone know what will happen when my loan is due to be taken. Does it still get taken?

Hi,

Micro Lend's consumer credit licence was suspended as of 3 March 2014 and I actually signed my credit agreement with them on 3rd of March. Is that agreement valid?

Any advice appreciated.

[Amethyst]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

I think the licence was suspended 'FROM 3rd March' so anything signed on the 4th onwards may be invalid.

Had a reply from the FCA earlier - bit inconsequential but they have received the information sent to them. Grrrr, wish they'd actually communicate.

The FCA took over the regulation of consumer credit on 1 April 2014; as such we welcome information about consumer credit firms and associated individuals. The information that you have provided has been forwarded to the relevant team within the FCA for their awareness. Please be aware that we do not generally give feedback on how we have used the information received.

I can confirm that the firm Wage Payment and Payday Loans Limited holds a consumer credit interim permission and is licensed to carry out the activity of consumer credit. This includes offering credit to consumers and collecting its own debts, which could include the debts purchased from other providers. I have included a link to the firm’s entry on our Interim Permission Consumer Credit Register :

http://fca-consumer-credit-interim.f...rSearchPageNew

On the Alex, Andrew, Bradley, Mike, Mark, Graham, David etc names on the emails now, I have no way of telling if these are real people or not other than googling guesswork.

[enaid]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

.

Question from me to FCA

Having just heard about your intended crack down on these firms can you please explain to me fully what a consumer should do if the lender sells his loan book or indeed if they get closed down by yourselves.
Thanks

And their very helpful reply

Thank you for your email dated 1 April 2014 regarding pay day loans.

If a lender sells their loan book to another provider, then you should check all the information of the new firm against the consumer credit register. This will help ensure that your payments will be made to an authorised and genuine firm.
If we were to ever shut down a pay day lender, then the loan books would still go to another provider due to the fact monies will still remain payable. Although the consumer will be notified of such changes, they must still check details on the consumer credit register.

Yours sincerely

[Amethyst]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

[kevindare]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

Should I pay my micro lend debt to WPPL? I haven't heard anything from either company for 4 weeks so am unsure.

Regards

[Tools]

Re: Micro Lend Uk - SUSPENDED Credit Licence

Hi kevin

Yes, at present payments are authorised to be made to WPPL, if you have heard nothing from them then argue the case that no additional interest or late payment charges should have been added to your loan account.

[FedUpPDL]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

I've recently learned "David Greenspan" now works for WPPL.... expect the harassment to escalate.

[Steve1968]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

I have removed a couple of posts, it's all okay, just being investigated.

Please feel free to email me ANY contact you have - voice mail recordings / emails / texts / post etc - it will be kept confidential and only passed to the FCA if needed.

Hi Amethyst

I too have had all of the a fore mentioned emails from WPPL, (Andrew Hart and Bradley Belloni), but I have a further concern:

Microlend became very abusive and threatening when I defaulted on a loan with them.
This escalated to a CCJ and an attachment of earnings which was being paid back at a rate of £40 p/m.

I contacted 'Bradley' yesterday to ask what would now happen with my CCJ and the remaining debt.

Here is his response:
"Don't worry Steve we are in the process of transferring your AoE cheques from MLUK to WPPL ltd. This will carry with it additional court costs which Is why we contacted you first.

We can halt the AoE but you would need to continue to pay us at a rate of £40 p/m until your remaining balance of £363.10 is fully repaid.


If you don't want to then please ignore this and we will simply transfer it over to WPPL through the courts to assist."

I then questioned what the additional costs were, and he advised that I would be liable to the cost of an N244 application, (which I've found out carries a cost of £75), if the CCJ and AoE were to be upheld.

I then asked what would happen to the active CCJ if I agreed to pay WPPL directly. 'Bradley' then advised, "To be honest, the CCJ will remain live until the balance of it is paid. Once paid though we can look at removing this for you if you were interested in paying us directly"

I now have concerns that a CCJ will remain unsettled if it is not addressed, but do not believe that I should be liable for the £75 charge of transferring the CCJ and AoE

As the CCJ would remain in force regardless of whatever action I take, I would prefer to continue making payments via AoE until the debt is cleared, therefore satisfying the judgement and closing the account.

Can you advise that what I'm suggesting is correct?

Thanks

Steve

[Amethyst]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

'' I would prefer to continue making payments via AoE until the debt is cleared, therefore satisfying the judgement and closing the account.''

Do that then. I agree with you.

It is not for you to bear the costs of the transfer of the CCJ and AoE to a new firm. If your employer is still making the AoE payments they will be going somewhere so find out where.

They have to apply to the court for transfer of the CCJ to them anyway.

[kevindare]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

I have attached an email at the end of this post, it came today from Bradley and DOSHLOANS/WPPL. My concern is the email he's forwarded on from Hilton law has the folliowing statement:
Notwithstanding therefore that I act for and am instructed by MLUK (and not WPPL), my advice to WPPL (in order to assist it in the collection of debts due under the Loan-book) is to ensure that each Notice of Assignment is fully and correctly completed (i.e. the data inserted is correct and accurate) and that each notice is signed by both MLUK and WPPL. This will remove any uncertainty on the part of Debtors. Without the signature of both parties, the Debtors could argue that the Assignment is some sort of scam.
This statement seems to say that they should provide a notice signed by both WPPL and ML to confirm assignment of the debt, yet the email he sent me (below) doesn't appear to have this.
I have also asked for a formal email stating that WPPL are legally entitled to claim the debt on ehalf of Ml and that a confirmation of the balance is provided in the email, however I've still not received this.
Can you please advise on what I should do?

Regards

Dear Customer,

Many of you have questioned the validity of our correspondence in relation to your previous balances owed to Microlend UK Ltd now being owned by ourselves WPPL Ltd trading as doshloans.com and paydayoverdraft.com.

For those customers who have been in touch and have made arrangements then please ignore this email.

FOR THOSE CUSTOMERS WHO HAVE NOT BEEN IN TOUCH OR THINK THIS IS A SCAM THEN PLEASE READ THE EMAIL STRING BELOW.


This is categorical evidence that this situation is legitimate.

If communication is not forthcoming after this email then in 30 days your balance along with 60 days interest, default charges, and fees will be issued in your local county court.

Please feel free to call me on the number below for a detailed account of your balance and a payment plan if necessary.

Ultimately those customers interested in making payments will be welcomed to continue doing business with doshloans.com or paydayoverdraft.com after their balance is cleared.




Kind Regards,

Bradley Belloni
Director WPPL
07590545901

Disclaimer:
For and on behalf of Wage Payment and Payday Loans Ltd.
Internet communications are not secure and therefore Wage Payment and Payday Loans Limited does not accept legal responsibility for the contents of this message. Any views or opinions presented are solely those of the author and do not necessarily represent those of the Wage Payment and Payday Loans Limited family or companies unless otherwise specified stated. This email and any files transmitted with it are confidential and solely for the use of the intended recipient. If you are not the intended recipient or the person responsible for delivering it to the intended recipient, be advised that you have received this email in error and that any dissemination, distribution, copying or use is strictly prohibited. If you have received this email in error please notify the sender and then delete the message and any attachments from your computer. This email has been scanned for all known viruses, while the sender has taken every reasonable precaution to minimize risk, we cannot accept liability for damage which you sustain as a result of software viruses. You should carry out your own virus checks before opening any attachments to this e-mail.

---

From: Andrew hart <andrew@hartinvestments.com>
Sent: Friday, March 28, 2014 11:57 AM
To: Bradley Belloni; david@paydayoverdraft.com; Bradley Beloni
Subject: Fwd: Micro Lend UK Limited

Resent-From: <andrew@paydayoverdraft.com>
From: Mark Hilton <mark@hiltonlaw.co.uk>
Date: 28 March 2014 12:12:10 CET
To: "andrew@paydayoverdraft.com" <andrew@paydayoverdraft.com>
Cc: Daniel David <daniel@microlend.co.uk>
Subject: Fwd: Micro Lend UK Limited
Andrew

In response to your comment to me that Debtors are (apparently) claiming to have been advised that my client, MicroLend UK Limited ("MLUK") was not permitted to assign its Loan-book to a third party, as you are aware we now have written and verbal confirmation from the OFT, stating that

- MLUK can transfer its Loan-book, notwithstanding the suspension of its Licence; and that
- WPPL (being appropriately licensed) can collect the debts under that Loan-book (assuming of course that the calculation of the debts is correct and in accordance with the terms of the pay-day loan agreements as between those Debtors and MLUK).

I trust this assists you in clarifying the position with the Debtors in question.

I am aware that the Notice of Assignment has been attached to emails and sent out as a general circular. Given the nature of this document (and whilst I appreciate that this may prove an inconvenience (or worse), the notice (which, as its name suggests is intended to provide satisfactory notice to third parties that their loan agreement, and thus the sums due to MLUK under it) have been assigned by MLUK to WPPL. It should really, therefore, be signed - and preferably by both WPPL as Assignee and MLUK as Assignor.

If this is done correctly and appropriately, then it will serve to prove or evidence the authenticity of the Assignment. In the absence of this formal notification, some Debtors may - understandably, in some cases - question the legitimacy of the transaction, and worry that this may be a scam or ruse to trick them into paying monies to WPPL when in fact WPPL has no right to collect the said debts.

Thus, if the Notice of Assignment appears to be incomplete, it may therefore be ineffective: Debtors will be concerned that it is not genuine, and will therefore have a ready-made excuse not to pay. It really is imperative, therefore, that the notification (i.e. giving formal Notice of the Assignment by MLUK to WPPL) is done properly. It may take longer in the short-term but will no doubt avoid - at least some - problems in the medium-term.

Notwithstanding therefore that I act for and am instructed by MLUK (and not WPPL), my advice to WPPL (in order to assist it in the collection of debts due under the Loan-book) is to ensure that each Notice of Assignment is fully and correctly completed (i.e. the data inserted is correct and accurate) and that each notice is signed by both MLUK and WPPL. This will remove any uncertainty on the part of Debtors. Without the signature of both parties, the Debtors could argue that the Assignment is some sort of scam.

Hope this is clear.

Regards

Mark


Mark Hilton
Partner, Hilton Law

10th Floor, 3 Hardman Street
Spinningfields, Manchester M3 3HF

DD: 0161 932 1738
T:
0161 932 1739
M:
07970 257 888
F:
0161 850 1020
E:
mark@hiltonlaw.co.uk

hiltonlaw.co.uk

[EXC]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

WPPL has taken over ML's loan book with OFT's blessing.

Are you saying that you haven't received the notice of assignment for your debt at all?

[jon1965]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

Not much makes me happier than a pdl closing and we will see a lot more I think. Lets hope they all fail on the NOA bit.
You do have the right to see the deed so im told.

[Misbegotten]

Re: Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limit

The following email was received this morning. I repaid the loan in full on 22 April and have proof of this. It seems to me that perhaps they should check their records instead of blanket bombing everyone with the same email. I replied stating more or less the above and added that I would be forwarding their email to the relevant authority. Not a word since no apology complete indifference.

To say I am annoyed is an under statement.

Dear Customer,

It has come to our attention that after the sale of the loan book from Micro Lend UK to WPPL Ltd you are still refusing to contact us regarding your outstanding balance.



PLEASE FIND ATTACHED THE SIGNED NOTICE OF AGREEMENT BETWEEN MICRO LEND UK LTD AND WPPL LTD.



This document is the legally binding agreement that now places your balance under the sole control of WPPL Ltd trading as doshloans.com and paydayoverdraft.com.



Payment of this balance was due from March 28th until present date.


As yet you have not only failed to make payment; but more importantly you have failed to communicate with us to come to an amicable arrangement.



We can no longer allow you to ignore this balance.



If a payment solution cannot be reached within 7 days then we will issue your Notice of Default which will outline your new balance including all costs associated with default (please view our website for the costs associated with default inc. default interest, late payment fees and associated charges).


14 days after your Notice of Default we will begin legal proceedings against you to retrieve all sums owed including court costs.


These are simply the facts of the situation due to your constant reluctance to discuss the matter, and are in no way meant to intimidate or threaten you.



If you are experiencing financial difficulty then we would be pleased to help you and resolve this outside of any court process in an amicable and professional way.



However, if you would feel more comfortable speaking with a third party about your difficulties then please contact:



Citizens Advice Bureau - 08444 111 444

Stephchange - 0800 138 1111
Pay Plan - 0800 280 2816


Please note that if a third party representing you does not contact us within 21 days then we cannot be held responsible if court proceedings have begun against you.



Our sincere hope is that you take this email seriously and begin to open a dialogue with us so that we can work together to close your balance in a swift and amicable way.



Kind Regards,

Bradley Belloni
Director WPPL
07590545901