Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

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  1. #21
    Basic Account Holder cantosis Novitiate

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    Default Re: Cfo resolve

    I to took out a loan with this company and have not been able to make any repayments yet due to being sick from work. I was shocked to see the amount of interesticon that has been added cince I took the loan 3 months ago. I got this text yesterday and was going to respond as it seemed like a good deal but thankfully I saw this thread.

    I also at one point applied via money majesty and relised when cash was taken from my account they are part of CFO. In fact I get a few text from weird names which I think must be linked to CFO.

    They should not be allowed to do this. thankfully I contacted my bank and told them to put a block on any payments going to CFO as I did not authrise any.


    Anyway I am a bit stuck as to what to do now, if anyone has any suggestions please let me know. so this resolve offer is definitely a fake promise??


  2. #22
    Basic Account Holder ror24 Novitiate

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    Default Re: Cfo resolve

    Unfortunately I have not been so lucky as to be offered the CFO Resolve service. However I have received regular text messages from CFO advising that they are writing to me offering me a great deal to help clear my outstanding loan. This has been going on for the last fortnight and to date no such letter received. More's the pity as would be interested to see how they define 'help'.
    Have also received calls at work from them even though I have previously requested contact in writing only. It seems they will go to any lengths to pester and harass people in an attempt to secure a payment or debit card details. Stick to your guns and make complaints to the relevant bodies if they overstep the mark. I, too, got stung when they took payments from my debit card. However, persistent calls to my bank and around 6 weeks later I had all the money refunded via the VISA chargeback scheme.
    Remind them of their obligations under the OFT's fair debt collectionicon guidance. There are plenty of people on here to help you and advise you in dealing with CFO and other similar companies.
    Having said all this, it is important to repay the true debt. I would offer a token payment until such time you are back working again as you cannot do any more than that and I certainly wouldn't recommend treating the likes of CFO as a preferential creditor. They are a non-priority creditor. They know this, hence the bully boy tactics, underhand methods of recovery and general unsporting behaviour.
    Remember, only you can tell them what you can repay. I have used this principal with several payday loansicon and it works, you just have to be as bloody minded as they are. The key is regaining and keeping control.


  3. #23
    Basic Account Holder DPBear Novitiate

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    Default Re: CFO Lending

    Hello

    I am new to this and hope someone can help me.

    I have recently defaulted on my CFO loan and have requested a repayment planicon of 100 per month. They have refused to accept this. I cancelled my debit card but have been advised today by the bank that they have tried 7 times to deduct funds. Thankfully there is no money in the account for them to take, but the bank have said they cannot block the transaction as i owe them the funds.

    I am transferring them 100 per month anyway even though they refuse to accept it but the interesticon is ridiculous and i just feel i am never going to clear this debt.

    Any advise is greatfully received. I have now emailed them 5 times and they just continue to refuse or just ignore me.

    Any help or advice appreciated.


  4. #24
    Basic Account Holder Spiral123 Novitiate

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    Default Re: Cfo resolve

    What was your original loan amount? Only pay them back the original capital plus interesticon on one month plus one default charge, which has to be reasonable to the debt. This is by OFT guidance, plus take away any payments already made towards the loan. Pay by standing order, cancel your debit card and to be safe I would open up a parachute accounticon (Co-Op basic current account, as an example) and have your salary paid to this as this horrible outfit will raid your bank for everything. Keep emailing them so you have a paper trail if needs be later down the line.


  5. #25
    Basic Account Holder DPBear Novitiate

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    Default Re: Cfo resolve

    Hello Spiral123, thanks for the reply.

    The original loan was 400, I dont have a problem paying back what i owe and a months interesticon but dont have this to give them in one lump sum. I transferred them a payment of 100 last week they are now saying they need proof of payment and my bank details and sort code to prove it. I am not prepared to give them this as it was from a second account i have opened and i know they will clear it out of my rent and bills money that is currently in there.

    I have asked again today for a repayment planicon and they have refused point blank despite me quoting the OFT guidance so i really dont know what to do anymore.


  6. #26
    Nao Nao is offline
    Basic Account Holder Nao Novitiate

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    Default Re: Cfo resolve

    Tell them the 100 a month is already more than you can afford and they should either take it or you will only be paying at a rate of 1 a month in the future.

    And you are absolutely right in not giving them the account details as they would indeed raid it.


  7. #27
    Basic Account Holder Spiral123 Novitiate

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    Default Re: Cfo resolve

    Yep, per Nao, keep paying them what you can afford monthly, they are fishing looking for your bank details, I assume you have a reference when paying them, this is all they require. Horrible outfit this lot, pay off capital plus one months interesticon and let them whistle for the unfair charges.


  8. #28
    Basic Account Holder Anonbrumbie Novitiate

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    Default Re: Cfo resolve

    deleted


  9. #29
    Basic Account Holder steves96 Novitiate

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    Default Re: Cfo resolve

    Quote Originally Posted by mightyroyals View Post
    Yeah i guessed that there would be no way i would put any details into it, I just thought i would post it on here in case others get it and think it is a good idea to type there details in
    I have just filled it in with bank details that are from an old account that is never used and will cancel the card before the made up pay date i entered is near, just so i can turn it round on there for fraudulently obtaining bank details, they emailed me offering this payment of 150.00 instead of the 1750.00 which was fees would mind but i have paid them back


  10. #30
    Basic Account Holder mightyroyals Novitiate

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    Default Re: Cfo resolve

    Did they try and take anything Steves96


  11. #31
    Basic Account Holder Charles the fruit Novitiate

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    Default Re: Cfo resolve

    I got the letter saying I could get 70quid, I used an old account and they took the pound out and I got accepted for 70quid I clicked faster payment at 3:30pm on friday. I called them yesterday numerous times and there was still no money. Called them again today apparently they had been bank transfer issues and should be here by 1:30 pm surprise surprise no money. Just checked again and there is still no cash.....


  12. #32
    Basic Account Holder ksmiggy Novitiate

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    Default Re: Cfo resolve

    CFO are def the lowest of the low, they will rob anyone blind if they fall for this, another favourite of theirs is to offer you a top up loan, they then lend you the money to clear your loan and give you a little, this is usually half way through the month, so you pay the interesticon, then take out a loan and pay interest again in the same month.


  13. #33
    Basic Account Holder mightyroyals Novitiate

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    Default Re: Cfo resolve

    Just received another one of these joke emails starting to get annoying now though


  14. #34
    Basic Account Holder mightyroyals Novitiate

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    Default Re: Cfo resolve

    watch your account as i bet even if they dont send the money they will try taking it back


  15. #35
    Basic Account Holder xxlisa1987xx Novitiate

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    Default Re: Cfo resolve

    i recieved a few of these messages and ignored them at first but today they sent me another and i stupidly filled out the form.. with no responce still. i cancelled my bank card now jus hope no1 else falls for this and they dont try getting money from my account in other ways


  16. #36
    Basic Account Holder davyatsea Novitiate

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    Default Re: Cfo resolve

    Just had a text message from these guys. Clearly, I can see what they are up to. Question is.. How can I forward a text message to the OFT. I have an email contact, but not sure what todo about text messages.


  17. #37
    Basic Account Holder lasek22uk Novitiate

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    Default Re: Cfo resolve

    Take a photo of it and add as attachment


  18. #38
    Basic Account Holder robonuk Novitiate

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    Default Re: Cfo resolve

    Hi all,


    just reading this thread after searching. I have had CFO (Capital Finance One) take 183 from my bank account in the middle of the night despite the balance being settled. Has anyone had a response from the OFT or can offer any advice as this has left me not being able to pay priority bills, albeit for only a week. Really want to get this company as its not the first time, and appartantly the bank can't do nothing about it as I have given the authority on my card.


  19. #39
    Site Team silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961 Authoritative silverfox1961's Avatar

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    Default Re: Cfo resolve

    Hi and welcome to CAGicon

    Go back to your bank and tell them that as you had cleared the balance previously, any further removal of your funds needs to be refunded as once the balance has been cleared, the CPA should have been cancelled.

    If the bank still refuses, go into the branch and don't leave until they do it right.


  20. #40
    Basic Account Holder robonuk Novitiate

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    Default Re: Cfo resolve

    Thanks for the quick response Silverfox. I think the branch may be the best option as the "unhelpful banking" I mean phone banking of Natwesticon doesn't seem interested.



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