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dazza72

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  1. Hi Folks, I'm a 45 year old male who is at the start of a very long process in rebuilding my credit score after years of poor credit management, pay day loans etc caused by gambling (now in remission!). All my creditors are being paid back on time each month as agreed. In order to help rebuild my credit I have managed to acquire a high interest rated credit card (Ocean by Capital One) with a basic limit of £200. I'm going to be using this card to pay for my petrol each month (no more than £130 per month) and obviously pay off each month in full. My question is simple, I have heard contradictory theories as to when is best for me to repay the monthly amount. Do I wait for the monthly statement and pay it off then prior to the due date or am I best paying it off prior to the statement being issued? My theory on waiting for the statement is if I pay before this then my credit file will show my balance as 0 each month which, to some creditors, will mean they cannot establish if I am able to manage credit well as I have not used the account therefore they would be reluctant to lend me, in the future, a larger amount of credit. Any ideas on my best way forward would be appreciated. Darren
  2. Here's my scenario... On Monday I contacted my card provider and cancelled an ongoing CPA to a PDL company. The loan was due to be repaid today. All set up, no problem. Today, the PDL successfully manage to withdraw the full amount owing from my card. I contact the disputes team and I'm told that once the money has cleared my account and the merchants name appears on my account (online bank statement), the money will automatically be refunded to my account as it has been setup correctly to decline the payment. Worst case scenario, the money does not get automatically refunded and I have to contact them back and they will manually re-credit my account including any loses in interest etc..... Ok, here's my question. If the PDL company do manage to clear the money and I get refunded, how do the card provider ( Nat West Visa ) get their money back from the PDL company? Or does it mean I get my money back from the bank, the PDL company get their money and the bank loses out??? Just confused on how it works?? Thanks.
  3. After reading on the FCA website earlier that all the high street banks had now agreed to honour requests by clients to cancel CPAs on their cards as opposed to ducking all responsibility as has happened to a number of people, I decided to give my bank, NatWest, a ring to see where they stand on the issue. I'm glad to report that they now have a dedicated Visa Debit Disputes team that are happy to stop any CPA as requested, and also to look into incidents of failure to follow up cancellation requests that failed to stop payments being taken. Certainly, as far as NatWest are concerned now, customers should not come across a brick wall when needing to prevent PDL Companies from taking payments. Also, you do not need to contact your creditor to inform them you have cancelled the authority, although it is advised you do so.
  4. Hi, I have arranged a number of repayment plans with existing creditors, all payday loan companies I defaulted on. These are being paid off without issue, however, I now have a number of credit cards (3) totally around £2,000 that I'm unable to pay. Am I best off contacting each of them and attempting to arrange repayment or if I contacted CCCS would they take on all my debts ( including those in arrangements ) and work with all my creditors on my behalf? What's the best option for me? I'm fed up with the constant calls/ letters from credit card companies and Im getting to the point where I cannot afford to make further monthly payments as it leaves me with little to cover the usual monthly bills. The debts in total come to around £4,000 and I have an annual salary of £28000. I have a family of four to support as my wife does not work. All ideas welcome.
  5. PayDayUK are a nightmare to deal with. I have 4 PDLs and all but PayDayUK have agreed to my repayment plan, and I owe PayDayUK the least of the four!!! I spoke once initially to them on the phone and the guy tried to be very aggressive with me...bad idea!!! and they have tried to threaten court proceedings .. I've basically told them I'll see them there!! I produced an I and E for all the companies and only PayDayUK had a problem with it, so as far as I'm concerned, they can take it up with a judge .. they are going to end up getting less from me per month than I initially offered!! Main thing, do NOT be intimidated, threaten to report them to OFT if they try the bully boy tactics and keep ringing, and if they threaten you with court, go with it ... they are not a priority debt, remember that! Should I receive any court hearings I will update with the result.
  6. Well, a few weeks down the line and all but one have agreed to my repayment plan. PayDayUk or PDUK, whatever they want to call themselves, would not agree to my repayment offer and should I not make the full payment of the loan by the 4th September, then they are taking me to court .... I've told them I'll see them there!! They wanted me to either pay it all in one go, or, in 2 payments of over £200 a month .. plus I only spoke once to them on the phone and the guy tried to bully me into paying... bless him, suffice to say I threatened them with OFT...that may be why they decided to take me to court :-)I can send the email they sent me should anyone want to see it.Quick question, of all the other pdl companies I have set up a plan with, when I come to making the monthly payments I have their account details, am I best paying through my online account? Is there anyway they could get my account details and try to take more? Whats the best way of setting it up?Thanks guys.
  7. Dont pay what theyre asking, that is daylight robbery! Do not communicate with them via phone, just email and cc yourself into the email trail. You tell them what you can afford, and make sure they freeze any interest and charges. The amount you owe them it is not in their interest to take you to court therefore do not put up with any bullying tactics.
  8. PayDayUK have asked me for proof of employment and proof on income a number of times ....no chance!! They can see me in court if they do not accept my repayment offer.
  9. Had a guy from PayDayUk like that yesterday. I quoted the protection from harassment act 1997 which seems to have calmed him down
  10. I'm making my own offer, I cannot afford the one off payment, and feel it needs to be the same across the board, with no creditor getting any priority. At the end of the day, these aren't my priority debts, therefore I will pay them what I know I can afford.
  11. Sending my repayment plan offer to all PDLs tomorrow. Will let you guys know the response I get from each of them.
  12. Fair play to you mate, Im just in the position of letting the PDLs know what repayment terms Im offering ... I'm standing firm!!!
  13. Im currently in the process of drawing up a repayment plan to my creditors, one of who is PayDayUK, or Purple loans, whoever they are!!! I had one of their delightful assistants contact me last week after I defaulted payment, basically trying to bully me into paying. Suffice to say I warned him of the protection of harassment act 1997, put the phone down, and they haven't tried to ring me since!
  14. I'm going to do a basic budget and expenditure list over the weekend. Like you say, I need it to be on my terms that I know I can afford and not risk defaulting on any agreement. Like you, I agree that what they have proposed is very reasonable. I'll keep this thread updated next week with replies from the other PDLs.
  15. Bugger!! Thank you for your reply. Unfortunately, the figures I had on my screen weren’t up to date on your account. Your balance after paying the initial £135.00 token payment would be £450.00 this would then be split over 6 or 10 months. 6 months = £75.00 per month 10 months = £45.00 per month Sorry for the confusion.
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