A 220 page introduction to all things consumer related by our own BankFodder.
Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.
Cagger since : Feb 2012
Posts : 111 (0.06 post per day)
Being threatened with a defaut for charges, I paid the debt!
Basically I had a payday loan with minicredit, I couldnt afford to pay so tried to get a payment plan, eventually after being 13 days late from the payment due date I managed to scrape some money together and pay off my £200 loan plus a months interest. But minicredit wanted £200 extra for charges which I refused. I sent a letter plus a copy of my emails back and fore to minicredit to the fos and OFT, I am now awaiting the outcome of the investigation. But minicredit are now asking for £580 in charges and have stated they will be putting a default on my credit file on the 29th May. I am so angry and upset, I only have 1 year left before all my defaults drop off my credit file and they are going to put a new one on there. Please help, I am beside myself. I've paid off every payday loan I've ever had, and am just seeing light at the end of the tunnel, and now I face another 6 years, plus the time is takes to rebuild my credit again. What do I do?
Cagger since : Aug 2010
Posts : 21,521 (8.91 post per day)
Re: Being threatened with a defaut for charges, I paid the debt!
Send a letter to them stating that you have paid the loan in full. ALso send the following letter: http://www.consumeractiongroup.co.uk...ng-of-the-debt then ignore EVERYTHING they send unless it deals directly with the "prove it" letter. Be warned, you need to have a hard head, as they will start sending you a LOT of harassment and abusive letters. Make sure you keep a copy of each and every one as we can easily form a defence with them, and take them to court if they persist in pursuing a debt that no longer exists.
Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..
If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks