Hi There

Just a quick query.

Back in 2011 after a couple of years in the payday loan cycle I just couldn't keep up all of the interest payments to the large number of payday loan companies I was with.

I was in a DMP at the time for a number of credit cards and stupidly got stuck in the payday loan cycle.

I tried to add the PDLs to my DMP but Payday Express refused to agree to this because I shouldn't have taken on any further credit while in the DMP. I wasn't aware of this and my financial situation had become dire so I resorted to the PDLs.

I was thinking of going down the irresponsible lending route with PDE

but I am put off because I don't want to stir up any issues as I have been PDL free for a couple of years now.

I had a number of loans with PDE and rolled them over regularly.

They emailed me regularly saying that I wasn't using all of the credit available to me.

I always paid on time up until mid 2011 when I had to admit defeat.

They never registered a default and as I said I finally paid them in full.

Does anyone think it's worth pursuing or should I just let sleeping dogs lie?

Thanks in advance for any views.

C

What do you want to achieve?

You say they didn't put a default on your files, have you checked?

Did you have any PPI or did they add any fees/charges?

if you had lots of other debts and defaults then they should not have lent or rolled over the loan

dx

Thanks for replying dx. There's definitely no default on my cra just loads of closed loan accounts. There were 5 defaults on cra and 1 payment arrangement at the time of all loans with PDE. And as I said in my post I was in a DMP when I took the loans out. They definitely shouldn't have loaned to me so irresponsible lending is a potential route. But as they said it was my fault for taking out the loans while in a DMP when I tried to add them to it I am thinking I will probably get the same response now.

Hi, does anyone have any advice about taking on debt while in a DMP please as per my initial post? Thanks

Were they aware that you were in a DMP? Or did you keep that quiet?

Hi there. Thanks for your reply. I didn't tell them but they didn't ask.

Hi there. Thanks for your reply. I didn't tell them but they didn't ask.

OK, I'm not clued up on PDL's and the procedure they use to lend money, but surely they would have asked about your I&E?

And on your expenditure it would have flagged up these other PDL companies, and they would have seen you were already robbing peter to pay Paul and in a cycle of debt?

Sorry for not replying sooner I have been working away. They asked for income but never expenditure. The loans were all in 2010/2011. However if they had done proper checks such as looking at my credit file surely they would have seen that was the case? My biggest concern is the issue about being in a DMP at the time of each loan and their response when I wanted to add the outstanding debt to my DMP. There is definitely no default on my credit report. As I have been payday loan free for a number of years now I don't know whether to pursue the irresponsible lending route or whether to just let it go.