Hello and happy new year all!

been a while since i have logged on but i have some queries on this lot.

i have had 2 MMF accounts since 2011 - one for a speedloan account and another for National cash advance which i believe have stopped trading in the uk.

are these likely to be written off?

i already had my NCA account merged with 2 pdl debts which i claimed as SB and they wrote them off.

i currently pay £1 a month on both debts

i would stop paying and start an irresponsible lending complaint

dx

brilliant, thanks dx.

is there a template in the library for this?

does irresponsibvle lending cover DCA taking over the debts?

thanks again.

just use the search CAG box of the red toolbar

irresponsible lending

does irresponsible lending cover DCA taking over the debts?

No, that's called stupidity, and you just can't teach that level!

wipes the debt out

bye bye DCA

fantastic. i cannot see a template but have rustled up a letter. will this suffice?

Dear Sir/Madam,

I am writing to you regarding irresponsible lending for the two debts you hold for me: a/c numbers and amounts.

Both loans were taken out in 2011, at a time where i was suffering from financial difficulties.

-Loan A was provided despite me having a payday loan rolled over with the same company

-Loan B was also provided and rolled over despite having at least 4 other payday loans open at the same time.

I feel although i was irresponsible, the lenders at the time lent me the money far too easily leaving me in financial trouble with multiple debts and interested added.

I look forward to your reply in this matter.

Yours Faithfully,

SB2027

gentle bump. is this letter ok or qam i missing any info?

any advice is kindly appreciated.

I might send them a SAR (£10) for both accounts to get all of the info they have on them, rather than informing them of the reason why you're contacting them and giving them a heads up of what's to come.

Certainly don't admit to being irresponsible!!

IR complaints go to the OC's not a poxy powereless debt buyer...

thanks for replies. so:

SAR to MMF, cease payments then IR to original lenders?

sorry, new to this. ive got MMF and 1st credit as old DCA's. will reopen my old thread on that one!

cant see the point in an sar to anyone let alone a no powers DCA MMF

they ARE NOT BAILIFFS.

if one of the original creditors is now not trading

then i'd ignore that debt totally and stop paying MMF

for the other

I would stop paying an issue an IR complaint against speedloan

ok. thanks for your advise DX. im going to keep it simple.

one letter to MMF advising ceasing payments due to IR and fire off the letter to speedloan.

Unless they have changed be ready for a barrage of phone calls. If letters not already sent to mmf add on that you will only communicate in writing.

update on this one.

i have fired off the letter to MMF explaining i am going down the IR route, ceasing payments and everything in writing.

i have no details left of the NCA debt or speedloan.

shall i wait for MMF a response or get writing off to these companies for details ready to complain?

makes no odds really

but don't pander to MMFs demands

get things running.

dx

reply today from MMF.......

Unfortunately we are unable to query unfair lending direct as we have no contacts with the companies.

However, we will hold your account for 30 days in order for you to investigate directly.

because the Irresponsible lending complaints should goto the original creditors.

No contacts my foot.

Dx is right however if the assignment is absolute you could argue they have taken over the rights and responsibilities of the OC.

Ok latest,

i sent off SAR to speedloan as i had multiple loans and will put in a complaint against them.

as for National cash advance, the only have the american address.

how do i find out if the assignment is absolute for NCA with MMF?

how do i find out if the assignment is absolute for NCA with MMF?

If they bought it?

Or whether they're just the gophers?

MMF aren't goffers they purchase debts

MMF aren't goffers they purchase debts

Noted, TY, don't know where my head was at yesterday!!!

yes if they bought it. is there a particular letter?

letter for what?

dx