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Txt LoanS & MYJAR PayDay Loan


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I would now lodge a formal complaint with the ICO, have MyJar given you their final written response regarding this?

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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I would now lodge a formal complaint with the ICO, have MyJar given you their final written response regarding this?

 

 

Thanks for the advice and yes I received there final response 10 mins ago I'm so confused now on what they are doing. He is now saying they are going to back date a default notice to 2012 is that allowed ? Also saying they believe the late markers to be correct starting from January 2015-July 2015 when the loan was in 2012 they also say I've requested a default be placed something I've not done but I've attached there response maybe someone else can understand it all

 

 

 

We write to provide you with our final response regarding your complaint about the entry to your credit file. You have requested that we apply a retrospective default to your credit file.

 

Investigation

 

We believe the late markers registered to your credit file to be an accurate representation of the situation. As you are aware, companies that work with credit reference agencies are obligated to provide them with correct information, so that other institutions relying on this data would be able to reach correct decision in their affordability assessment procedures.

 

However, we also accept your reasoning to why this loan could have been considered as defaulted. While a defaulted loan will likely have a more negative impact on your credit rating, we are prepared to meet your request and apply a default in retrospect.

 

Decision

 

In light of the above, we propose to register a default on your account as you have requested, back dated to 90 days after your first missed payment. After 6 years from that date the default notice will be expire as per the regulations that govern the credit reference agencies. If you do not wish this action to take place please contact us within 28 days of this e-mail to stop this action. As an appendix to this message, I am providing you with a formal default notice as required under the Consumer Credit Act.

Please take time to review whether you wish us to register a back dated default. The presence of a default is potentially more damaging to your credit file and you may wish to take advice before proceeding. However, unless we hear from you by 17 August 2016, we will arrange for the default to be registered.

 

We hope the reasoning set out in this letter resolves the complaint to your satisfaction.

 

Appendix – Default notice

 

This is default notice is served under section 87(1) of the Consumer Credit Act 1974 in respect of the Running Account Credit Agreement reference number 369482 between:

 

(1) MYJAR Limited, PO BOX 609, Salford, M5 0HD

(2) MY DETAILS

 

Under clause 1.14 of the Running Account Credit Agreement you were required to repay the sum of £117.00 (loan reference: 691442) no later than 4 July 2012.

 

As you have failed to make the repayment amount due on 4 July 2012 you breached the terms of the Running Account Credit Agreement. This notice includes a copy of the current Financial Conduct Authority information sheet on default. This contains important information about your rights and where to go for support and advice.

 

 

Kind regards,

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Dude, I would email them with a complaint ref irresponsible lending on all of the Loans, as I'm sure at the time when u used Mylar, your financial situation wasn't great. There are great examples of emails u can send on the various threads on Cag. Give em the 8 weeks to reply and then go to Fos. Look at the Fos website for previous decisions in relation to irresponsible lending.

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  • 11 months later...

Hi guys sorry to bring up a old thread but it's yet another year and still this issue is ongoing 😡 It's currently with the financial ombudsman service I've now gone down the irresponsible lending route but the ombudsman service are demanding my bank statements from 2011-2012 and are refusing to help unless I provide them. The issue is I haven't a clue who I was banking with at the time I thought it was halifax which I did have a account with at the time but it wasn't my main account apparently and only used to have loans paid into it. There is no bank accounts showing on my credit reports in 2011/2012 and I'm really struggling. It's looking like myjar are going to get one over on me yet again I'm gutted. This wouldn't even be happening if they hadn't screwed me over regarding equifax and adding the account to equifax in default 3 months after it was paid off. My question is though why are the ombudsman service so intent on my bank statements and not instead asking myjar what checks were completed etc as the complaint is against them so surly it's for them to prove ? They have issued me a deadline today of sending in the statements by the 25th or the complaint will be closed any ad on how to reply would be great thanks

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