Yesterday I received an email saying my txtloan is being sold to myjar ltd

The ccls of each are 618997 for txtloan that trades as MYJAR, MYJAR.com, http://www.MYJAR.com

Myjar Ltd is 658236 that trades as http://Www.Myjar.Com, Myjar.Com

They both have the same contact

How can these have different CCLs

Also is there a set format for a NOA.

Anyway all sounds a bit dodgy to me , any thoughts

They are both the Same company... however they have 2 different CCLs for trading reasons.

Txtloan is changing or has changed to Myjar and did some time ago.

Its perfectly legal.

What seems to be the problem?

No problem as I have no money....

BUT on the txtloan CCL the trading styles are as I put the same as the trading names of the other CCL with the exception of a few capital letters. It would appear that the same business has two CCL's

They sent me a NOA saying txt loan was selling my account to Myjar, all seems very odd

This account that started at £100 and is now £272.50 . No DN issued but there was a default registered.

Erm look at my thread about these lot... They were taking 4 years to register a default thats not mine.,.

In June 2012 , while in a very very bad place I took out a PDL with Txtloan

I have no idea what i said on the application form but the fact is I was not working and potentially facing a time away

the repayment was due in late June but i did not pay it, 3 weeks later I found my ex wife in her chair as some of you will know

A few weeks ago I had a txt message saying an important email had been sent to me so I serached my email accounts finally looking at a talktalk one that I had stopped using over 6 months ago when I changed my phone company . It was a S87 Default Notice with an email saying that in 14 days they would register a default on my credit file.

I checked my credit file to find MyJar had been reporting early arrears from Nov 2014. That is 2 1/2 years after the original loan was taken

I sent a prove it letter along with a reminder of the ICO had stipulated that defaults should be registered within 6 months and 28 days notice should be given

Response was as follows (paraphrased)

The loan was taken out xxxxxx and the money paid into bank sort code and account ( I am still trying to see if that is the bank I had then)

They have been in touch with the FOS who confirm that both MyJar and the FOS have to comply with FCA rules and 14 days is long enough

They sent a copy of the assignment which to me seems totally off, nothing like any NOA I have seen

I can not upload the documents but will email to site team and ask if they can do it for me

When I checked my credit file I noticed that there is no search from 2012 so I suspect they did not do one. I als found an old copy of a credit report that shows the same

Any advice what to do next

I am thinking I should write asking if it is their final response so I can go to the FOS

the letter that came (by Royal mail) was just a copy of an email and contained links to both their complaints procedures and the FOS but needless to say they did not include these in the letter

Any advice as to what to do next would be gratefully received

As requested.. documents...

Links broken - original documents no longer available

moved to the pdl forum

plenty of threads here regarding myjar

no-one has to send a dn, be it compliant or otherwise, to default an account.

a DN is only a dated 14 days threat that they might register a default.

typically the OC will default a debt upon sale

and the debt buyer will simply carry on the same instruction

with the CRA providers.

if you can prove you were in no fit financial state at that time

then your route would be down the irresponsible lending one.

many many PDL providers have been carpeted already under these rules.

a quick search for txtloans [or their other trading names]

will show if you might get joy that way.

Thanks DX

I understand that there is no need to send a DN in order to register a default but my understanding is that according to the ICO they have to give 28 days notice of intention to file a default.

If you had looked at my credit file in mid 2012 you would not have lent me a cup of sugar let alone £100

I am not questioning the DN

irresponsible lending then.

the dn is an intention/permission to default

they don't need to write further.

Fletch... Im still here... How you getting on.

I successfully got the account closed off. If they defaulted it late like they have been doing to other people then, you can nab them on that.

You can also nab them on the IRR Lending if they didnt do the correct checks etc.

If you scramble, youll find the contact details for the Compliance Officer and the new MD

Hi Fkofilee

For some reason I have not been getting email alerts

Thanks for that I will write a reply to the person that wrote back to me and email the compliance officer and directors

Be careful though, Gareth Gumby or whatever his name is, couldnt hack it anymore and threw in the towel.

Thanks

I have been onto the companies house website, am sending letters to the person who replied to me and Ricky Crafford as well as emails to info, ricky.crfford, paul.smith, andrew.dellow . Lets see what happens . getting email alerts now

I have now had the final response from MyJar

Top and bottom is they believe that as it was a £100 loan in 2012 the identity checks and anti fraud checks they did were sufficient as they were only required to checks proportionate to the amount of the loan.

They then go on to say 'how were we to know that what you put on the application form wasn't true '

To be honest i have no idea what I put on the form , could have been anything

The default, should they place it will be dated 95 days after the due date so will fall off in 2018 , not such a big deal for me if I am honest, anyway they have been marking arrears for a while which are damaging

They have offered to accept a payment arrangement for £100 , just the amount I borrowed and not to put the default on .

While i am tempted to set up an arrangement there are some considerations

1) I have substantial other debts which are nearly 4 years into no payments - would other creditors have any knowledge of a repayment plan?

2) My finances are a little wobbly at the mo , and i won't know if they are going to improve until sometime in the new year but MyJar want a decision by end of Dec

2

I am a little out if the loop with regard to recording defaults with a CRA

I am aware of the 14 days for a DN as per the CCA but what about notice of intention to record a default with a CRA

I believe the standard used to be 28 days , has it changed now and if so what to?

still the same afaik, re the ico guidance.

see also the fca rules

A notice of intention to record a default is basically a default notice and will have a 14 day timeframe fir rectification

A notice of intention to record a default is basically a default notice and will have a 14 day timeframe fir rectification

if a dn is not required, then a 28 day notice can be given.

eg

http://www.scoronline.co.uk/sites/default/files/high_level_prinicples_document_final.pdf

http://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=61603

Thanks

Just to expand the story

2012 PDL with textloan

Nov 2015 sent me an email saying that in 14 days they would register a Deault

I wrote back asking them to prove the sum and querying the 14 days as well as why it took 3 1/2 years. I also said that the email address they used was dead and that all communication should now be in writing

Their response was that they had been in touch with the ICO and they had confirmed that 14 days was the timeline given by the FCA , they also said that they had only just started reporting to CRA's although I was right to say it should be within 6 months. They then said they would put the default on hold . My letter was quite general and asked for proof of liability etc as I did not recognise MyJar ( I did but ..)

Fast forward 12 months - missed call followed by txt and email

I checked my credit ile with equifax and it is just showing as a late payment , I don't really want to poke them as we are at 4 1/2 years without acknowledgement or payment

I am just going to wait and see but wanted to check my acts so thank you

A notice of intention to record a default is basically a default notice and will have a 14 day timeframe fir rectification

I always understood that the two are different in that a DN as per S87(1) was a procedural element wereas this was just a notice

See points 32 -37

http://www.experian.co.uk/www/pages/downloads/compliance/guidance_on_defaults.pdf

Regards

Andy

A notice of intention to record a default is basically a default notice and will have a 14 day timeframe fir rectification

Correction, 28 days is correct and not 14

Hi

Me again

In June 2012 took out a loan with Myjar which I have never repaid

In Nov/Dec 2015 they sent an email NOA and default notice saying a default would be registered

I replied saying that I had discovered the email in an old email account, contact by royal mail blah blah , please prove the debt and by the way if the account was opened when they said , the default should be that year

There reply was that they had not reported to CRA's before but that any default placed would be from late 2012

Last year late on i noticed a late payment on my credit reports so complained to the CRA

Myjar responded with

Thank you for your query.

 

The disputed account entry is recorded correctly and should remain on consumer’s credit report. The loan was made by TxtLoan Limited and that company sold the debt to MYJAR Limited in February 2015. We have sent a letter to the consumer with the loan details and offered a discounted repayment amount in December 2015. However, no response was received or repayment made. Customer should contact us and we will assist them further

They also sent me another email ( to the old address) last November

I am not particularly bothered by the late payment at this point , still got several defaults on my file.

I only ever had one loan with Txt Loan , never rolled over and this was before the OFT etc got heavy with the PDL industry

It was only for £100 and they have offered me settlement of £117 which I have ignored - there is no way I should ever have been lent a penny

I am quite happy to sit it out until June 2018 and see what happens, any thoughts- should I poke them as they really are not in touch and have not written to me at my address for over a year.

AFAIK they do not phone or txt but I am rarely at home

I had a reply from Noddle, apparently MyJar have not registered a default a a gesture of goodwill

For now I think I will leave it and see where it goes.