Many months ago I took out a loan with ToothFairy Finance, what a mistake, which due to personal circumstances I couldn't pay. I contacted them several times about extensions, and got three unique responses regarding how the policy works, crazy people that they are. Eventually I had to contact them to request we come to a repayment arrangement, no reply. I continued emailing them almost daily, then twice weekly, eventually one last time to state I would no longer be attempting contact as they had failed to work with me or even respond through any avenue of email contact, despite their automated system confirming reciept of the emails.

For all of this time I have kept an occasional browse over them as an entity, how they are operating etc. I joined the Royal Navy in October, and during training I actually sent my final email, and put the issue to bed. Now I'm settling into the next stage of training I recieved a text message from someone called Blackwater, regarding the loan I owe, claiming they have a solution to repay the debt, followed by a number.

I have been looking around elsewhere to find out if the loan is even valid after a company goes into administration and has it's credit license revoked. I am to understand the loan ledger was sold at 7.5% it's value, some people have suggested offering a 10% repayment on the original amount borrowed. As I have obviously not recieved a reply from the company, I can only assume by now the interest and charges that have been invented are running into an extortionate amount.

I have not contacted them at all since the text, and I have simply been researching to find a solution that isn't going to cost me a years wages. In my opinion, I have been trying to resolve this situation since it started, if Toothfairy had responded to me I would have had frozen interest and gotten it sorted over a few months, this situation wouldn't exist. As it stands they ignored me completely, despite mountainous amounts of contact from me, never to me, and simply let the loan slide over to this new company.

I suppose what I'm asking, from someone who really knows the legal ends in this situation, what can I do?

Ignore until they put something in writing.

In any case the charges and interest are unenforceable

Hi

Not sure if you are aware that DHD have the loan book (they were Loads of Dosh) who have now appointed Blackwater to collect the outstanding amounts.

They will want to maximise their profit by getting as much as they can from gullible consumers who probably don't know how much they paid.

I did say offer 10% in another thread as that gives them some profit. The chances of them accepting this is slim but before offering any payment, you want to know exactly how much is loan, how much is interest based on the contracted time of the loan (not their fictitious amounts) and what unlawful charges have been added.

As advised, wait till something comes through the door but if you happen to be at sea, the letter may get a little wet!

Hi

Not sure if you are aware that DHD have the loan book (they were Loads of Dosh) who have now appointed Blackwater to collect the outstanding amounts.

They will want to maximise their profit by getting as much as they can from gullible consumers who probably don't know how much they paid.

 

I did say offer 10% in another thread as that gives them some profit. The chances of them accepting this is slim but before offering any payment, you want to know exactly how much is loan, how much is interest based on the contracted time of the loan (not their fictitious amounts) and what unlawful charges have been added.

 

As advised, wait till something comes through the door but if you happen to be at sea, the letter may get a little wet!

I just replied in another thread. The poster says the loans were sold for 25000!!!! This is nothing. To me it just confirms that dhd and wlp were owned by the same person - apparently per gullestrup family - and they just organised to move our loans to a new company under the radar

Hello all, thank you very much for your rapid and informative responses in the matter. I thought I'd just add I have received another text today from BlackWater stating "You have not repaid your loan with ToothFairy Finance Ltd. Please call 0203 476 4029 today or we may escalate to legal collections". Rather amusing overall, I am going home this afternoon for the weekend (and it couldn't come soon enough) so I'll check to see if there is actually any written mail at all, and work from there. Any opinion in this one gents?

I just replied in another thread. The poster says the loans were sold for 25000!!!! This is nothing. To me it just confirms that dhd and wlp were owned by the same person - apparently per gullestrup family - and they just organised to move our loans to a new company under the radar

The amount is what was stated in credit today . Before making such allegations can I ask where the proof is ?

Incidently Per Gullstrup is a man and not a family http://uk.linkedin.com/in/pergullestrup

I am not saying he has no connection but before you make allegations of fraudulent conduct (which is what you are saying) I think you need to have some proof

The amount is what was stated in credit today . Before making such allegations can I ask where the proof is ?

 

Incidently Per Gullstrup is a man and not a family http://uk.linkedin.com/in/pergullestrup

 

I am not saying he has no connection but before you make allegations of fraudulent conduct (which is what you are saying) I think you need to have some proof

Funny! I never thought it was a family. I thought it was a woman at first. I refer to him and or his family. His daughter tanja gullestrup was the last director of this company before the administration. I do not know if there is fraud or not, but there are enough elements for us to find how Per Gullestrup is involved with Toothfairy and webloans if he is. And I think that if the people behind toothfairy (being per gullestrup or others) just moved our loans somewhere else and let us think think they are different we deserve to know and they deserve to be exposed

guys desperate for thoughts,although toothfairy aka webloan proccessing gone.ive started getting emails with threats on from blackwater and ndr stating im not paying,given that i have a binding agreement with ombudsman and toothfairy and that ive only missed jan 2014 payment (waiting to see who contacts me),why would blacwater or ndr use same reference and bank account no as toothfairy/webloan,surely thats not right and they say i now owe 4,7oo pounds when ombudsman says 700 less any payments,given that neither blackwater or ndr own the debt ,what do i do this is a re occurring nightmare,thanks

lingus, get the email to the ombudsman immediately, they need to know that this company are still being less than transparent with them.

This debt should be what the ombudsman deems, not some alternative collections company.

thanks silly girl,but what i dont get, i gave camden trading standards a file full of mis leading and threatening emails from toothfairy and ndr and marshall hoares not baliffs and signed over 50 exhibits for court,yet nothing done,stella creasy,big on words ,little in the way of action,these people need to be answerable in court and dealt with ,until that happens,then im afraid this will just rumble on and make peoples lives a complete misery!!!!!!

Forget about Trading Standards, get your info over to the Ombudsman and they should have enough to hang this company. If you have an agreement via them the company should honor it. Clearly they are not.

Alright Gents. I am now home and I can confirm I have had no written or e-mail contact from Blackwater or ToothFairy. So I shall sit tight until such a time as I do, I suppose. Thanks for your continued advice!

SitRep Update:

I am now receiving voicemail messages from "DMR" asking me to call them. They are not specifying the details of anything just asking me to call. I won't be calling and I'll be calling home to see if there is any pertinent written contact