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paxon

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  1. Ahh, yes i did add this into my original complaint back in June and it was upheld. No worries though i will just have to pay and live with the bad credit for a little longer. To me it is strange though as hypothetically if i never pay them they could report the loan as "late payment" till the day i die, what just does not sound right at all. I trust you word though as you are a very experienced poster. Thanks again for taking the time to reply. If anyone else has any magical ideas please do let me know. Thanks all
  2. Thanks again, Can you clarify what the "IR" route is. Many thanks
  3. Thanks so much for your reply- I may have misunderstood the process then. From the ICO website it says- Generally by the time the account is 3 months in arrears, the lender may be taking further action such as reporting the account as defaulted (see Principle 4 below). Missed payments may continue to rise and be reported up to a maximum of 6. On some products this may continue to show as 6 until the lender takes action and reports the account as being in default. The exceptions are- There are exceptions to this which may result in a default being recorded at a later stage, such as secured or long term loans e.g. mortgages, or if the product operates in a more flexible way e.g. current accounts, student loans, home credit. http://www.scoronline.co.uk/sites/default/files/high_level_prinicples_document_final.pdf Any advice on that? Thanks in advance
  4. Hi a bit of advice needed I had a payday loan with Next Credit. This loan was taken out in early 2013. Unfortunately due to serious debt issues I was unable to pay. Moving forward to 2016, I checked my credit file and Next credit had been reporting the loan as “late payment” for 3 years, no default. I made a complaint with them regarding this and they sent a final response in June 2016 saying “your credit file is a true reflection of the status of the loan”. I was going to raise this with the ombudsman but to be honest I forgot. I want to get this sorted I am happy to pay the balance (what currently is 2.8 times the loan amount) but I feel 3.5 years of late payment markers is unfair. If I pay this now it would be a further 6 years until this falls of my credit report. My question is what can I do, I understand I am out of time to complain to the FOS. I did make a complaint to the information commissioner's office, 4 months ago but I have not heard anything (I have chased this up and they keep saying they are busy) Is there any other options, could I file a county court claim maybe? If I can what would I file it under- i.e- mishandling of personal data? Any advice would be greatly appreciated.
  5. probably not, but better to be safe then sorry. don't use the switching service do it your self.
  6. apparently according to various news reports, 15 lenders heave left the payday market ahead of the oft/fsa deadline to sort out there business practices. Does anyone know what ones have closed up shop?
  7. just give them a call i am sure they will refund the over payment, you have the agreement in writing after all, so if they don't ask your bank for a charge back. I am sure they will refund though as they seemed easy to deal with when i had a plan with them.
  8. Sorry for the late reply. there have been payments taken from my account yesterday for pay day loans. The problem is the bank say it has not cleared yet so I have to wait a few days as they can not see who took the payments.
  9. I have had some unauthorized payments leave my account and Lloyds tell me that , the payments have to clear before they can put a charge back in place. Does anyone know if that’s correct or am I being fobbed off?
  10. Inore them it will become statue barred in one year anyway, and then you dont have to pay by law.
  11. Yeah I am sure that your right, and they are “probably” ok to use, but in this day and age any company asking for online banking details must be mad.
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