Hello,

I am not familiar with the current legislation regarding payday loans so advice on a letter structure would be appreciated.

Background: A few years ago now I was a compulsive gambler and borrowed from any lender that would give me the cash

. I managed to rack up £50k's of debt and at the time didn't have a secure job.

Two years ago after a lot of hard work on myself,

help from family and a years worth of councelling,

I have not gambled,

I've got a permanent job paying a decentish wage

, I've paid off nearly all my debts.

one of those who I hadn't yet paid was from a company named wageday advance for£650.

They have since I ignored their threatening letters passed it onto Moorcroft who wrote me a lovely letter saying they will come to visit me at my house in the near future for a chat about it.

firstly I have absolutely no desire at all to chat to them about it in my house.

Is there a template to say I do not want them to come to my house?

Secondly. They mention a reduced offer as settlement, but didn't say an amount.

Now,

I have been on a quest to be debt free since I stopped gambling, and paid back the main people.

But I guess I left the payday loans to last simply because I do have quite an angst against them

- they do prey on the vulnerable soley for profit and to the severe detriment of the borroweer.

Don't get me wrong,

I take full responsibility for my debts and what I did and have paid some VERY heavy prices

- however, lending at whatever it was 3000%+ without doing any checks to someone who is essentially not well is in my mind criminal!

However, my mind doesn't really come into play here, it's what the law says that counts.

Is there any legislation about responsible lending that these companies should have adhered too?

Can you even fight them on these grounds?

What would be a reasonable lump sum final offer for a £650 debt? If I did just want to get rid of it?

Thank you so much for reading.

They wont send anyone. And if they are stupid enough to, they have no legal rights, so you can inore them or call 101 and tell the police someone is harassing you.

Dont be intimidated by them. Stand your ground. You can certainly challenge them for irresposible lending. Youve been on this site for 10 years now, so you know how DCA's operate.

Ignore

DCA's have no legal powers whatsoever

They are not bailiffs

If some does appear

Tell them to leave or you,ii call101

Don't send any silly letters

Ok thank you.