Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
l,d taken a loan out last year april.l phoned them up in begining of june to see if they took my first payment out because it was,nt showing up on my mini statement they said yes l thought fine and left it.with my father in law haveing a massive heart attack and looking after mum in law l just forgot about it.statements came never checked.till this month noticed not been taken went back checked all statements no payment been made to FLM.what should l do l can,t afford to pay all the missing payment.but there again l gave them my bank deteails .can anybody HELP so scared what there going to say and were are they taken these payment from and whom.please help
l,d taken a loan out last year april.l phoned them up in begining of june to see if they took my first payment out because it was,nt showing up on my mini statement they said yes l thought fine and left it.with my father in law haveing a massive heart attack and looking after mum in law l just forgot about it.statements came never checked.till this month noticed not been taken went back checked all statements no payment been made to FLM.what should l do l can,t afford to pay all the missing payment.but there again l gave them my bank deteails .can anybody HELP so scared what there going to say and were are they taken these payment from and whom.please help
Hi Gillypam.
Someone else may have a better suggestion, but in the meantime i wondered if you have their bank details so that you can recommence making payments via internet banking or standing order, without contacting them? Obviously the sooner you start remaking payments the better.
I'm midway through the tunnel, but getting closer to the light.
If U have given FLM (...a firm I'm NOT familiar with btw) your correct Bank Account details when U have taken out the loan from them + U have filled out a direct debit Mandate Form, then I would presume that the onus would be on THEM to ensure that your Payments were collected from your Bank Account??
One WHOLE year without requesting ANY repayment from U DOES seem extremely strange though??...
Personally, I would just make sure that any due payments were in the Bank Account that I had given my details of to FLM.
I would ALSO endeavour to 'catch up' on any amount shortfall that I had 'missed' so far + leave that in the same Bank Account as well.
If FLM continue to NOT collect any monies from U, a sizeable amount of monies will build up (...earning U interest btw... ).
This U must NOT spend!
If + when FLM eventually decide that U DO actually owe them monies, U are able to be in a position to...
a) Pay them
b) Argue against any attempt by them to add any further interest +/or late payment penalties.
In the BEST case scenario...FLM have forgotten about U (...Doubt that VERY much though).
All U have to do then is have sleepless nights looking over your shoulder for the next SIX years until the Limitations Act makes the Debt unretrievable by FLM + Hey Presto! NO Debt + the amount of Loan + interest that U have 'saved' is ALL yours!!!...;-)
Thanks hopeful1.its looking very much like l will have to phone them and see what happens.god knows l don,t wont to get in to trouble when its not my fault.
thanks for that hopeful1. l thought the money was being taken after l phoned them up.it was taken out for 3years lcan,t pay that ammout off in one lump sum .its looking like phon them up and see what happens next
I do think that MTM is right Gillypam, but you have to do what you feel most comfortable with.
If you do decide to contact them, put it in writing - don't ring. You can say something like - "it has come to your attention that FLM have not been debiting payments from your account as per the instructions you submitted in the original direct debit." Ask them to send you a new mandate by return of post.
Remember this is their fault. Don't explain anything, keep it simple and then let us know what happens.
I'm midway through the tunnel, but getting closer to the light.
If gillypam IS to contact FLM, she would be rather foolish to do so, before she has saved up ALL the monies that she has 'missed'...
By NOT contacting them until she has done, she buys herself a period of stress-free grief + could feasibly argue against any DEFAULT being placed on her Credit Report methinks...
milktrayman.i,ve decided not to contact them as you say it gives me more time to get the money together.but is this not fraud or something like that can,t l get into trouble for not contacting them when l,d found l know l am being stupid.
milktrayman.i,ve decided not to contact them as you say it gives me more time to get the money together.but is this not fraud or something like that can,t l get into trouble for not contacting them when l,d found l know l am being stupid.
Hi gillypam, it wouldn't be fraudulent, no.
The agreement you have with FLM is for them to take money from your account by direct debit every month for the term of the loan. If they fail to draw down those funds from your account then that is there decision and shouldn't be something that you should have to worry about. As long as you have all the funds together for the payments they haven't taken by the time they realise something is a miss, then there is nothing more they can do.
Whilst you are waiting for them to contact you do your very best to get the money together and put it aside, and DON'T SPEND IT. I can't emphasise this enough. They may request the backpayments in one go and if you can't meet the payment they may say you are in breach of contract. However, you are not in breach of contract by them failing to draw down the monies from your bank account, unless there wasn't enough funds in the account for them to do so, unlikely, as you would definitely have heard from them by now!
if you click on YESLOANS you also get FLM - someone i know was actually charged £60 to apply for a loan from them????????
this seems outrageous and unlawful - who pays a charge to apply for a loan before even signing up?????????????????
'rise like lions after slumber, in unvanquishable number, shake your chains to the earth like dew, which in sleep had fall'n on you, ye are many, they are few.' Percy Byshse Shelly 1819
I did - it's amazing what you do and what you believe when you're desperate
yes, I absolutely know what you mean, my daugher has just done so too! I am trying to help her sort it out now
'rise like lions after slumber, in unvanquishable number, shake your chains to the earth like dew, which in sleep had fall'n on you, ye are many, they are few.' Percy Byshse Shelly 1819
A copy of your passport or your driving licence or Copies of the front and back of your debit card for both you AND your guarantor
One months bank statement from the past three months showing wages
from guarantor -
must be a homeowner, have no ccjs or defaults, a good credit history.
what you get in return - an APR of 53.9%(?????!!!!!!!!)
a booklet full of all the things they intend to charge asap
such as £100 to visit your home to collect payment
late payment fee £20
returned payment fee £20
letter re same £7
plus interest
brokerage fees £300.00
'rise like lions after slumber, in unvanquishable number, shake your chains to the earth like dew, which in sleep had fall'n on you, ye are many, they are few.' Percy Byshse Shelly 1819
OMG!! are you serious maybelline, that is criminal and it makes me incredibly angry that there are companies out there trying to push such shocking extortionate terms onto those that are already in incredible financial difficulty.
Avoid them at all costs, let's hope it's not too late for many others...
Loan payment problem
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Originally Posted by gillypam
Re: Flm Loan
Re: Flm Loan
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