I've posted on another thread about how I'm finally facing the payday loan mess I got myself into a few years ago.

I've picked through the chaos and now have a picture of who I borrowed from and roughly how they were left – a lot of these loans were going on at the same time, and my credit file must have already been shot to bits as I was being approved applications.

What I'm confused about however is how to proceed with an irresponsible lending complaint if there are still amounts outstanding, or if it has been sold on? It all seems so *messy* and as more time passes the foggier it gets??!! Would anyone mind lending a hand?

PAY DAY UK

Repeat loans / repayments over a period - one loan unpaid now at CCJ claim stage by BW Legal

PAYDAY EXPRESS

Repeat loans / repayments over a period - one loan unpaid now being threatened with CJJ by BW Legal (they might follow through as they have above)

1ST STOP

Repeat loans / repayments / rollovers over a period – one loan resulted in a CCJ (still have to pay this)

VANQUIS CREDIT CARD

I settled/paid Lowell and default on credit file

MR LENDER

Unpaid - default on credit file and with DCA

QUICK QUID

Repeat loans / repayments over a period – one loan unpaid but I eventually settled/paid the DCA - weirdly nothing on credit file

SUNNY

Unpaid - default on credit file and with DCA

WAGEDAY ADVANCE

Repeat loans / repayments over a period – paid some/maybe all but unsure if there is outstanding amount left unpaid

WONGA

Repeat loans / repayments over a period – I had an email saying the amount was being written off and it dissapeared from credit file

SWIFT STIRLING

I'm finding it difficult to piece together what I borrowed with them but I think it was two or three loans – paid some/maybe all but unsure if there is outstanding amount left unpaid

LADDER LOANS

Several loans that were repaid in full

Urgh, such a big depressing list. The list of doom! Any help where to start would be appreciated.

you send a IL complaint to each original creditor for each one.

it matters not who owns the debt now

if matters not that it it has an outstanding

it matters not if its defaulted on your credit file.

once you win each one

the account will be removed from your file

it balance will be wiped

you might even get your payments back

read the IL complaint sticky.

https://www.consumeractiongroup.co.uk/forum/showthread.php?472423-CAG-PDL-Reclaim-Guide-Indepth-Step-By-Step

dx

Hello Jess

Id like to help and get some idea of how bad it is. Are you able to do a PDF / Spreadsheet with all lenders and every loan youve had (Know or have something about in your files)

DX is right. The sticky is there to help guide you but im always around if you need extra help or dont understand.

Thank you both, I've had a good read of the guide and now feel galvanised and SO ready to tackle this!!

fkofilee – Ok yes great,

I'm attempting to do this by going though any bits of correspondence I still have and bank statements that showed deposits and payments out

(I also used two bank accounts at the time and would switch between them for deposits/repayments which confuses it further).

With a couple, it's also apparent from emails that I took out a PD loan,

freaked out a couple of days later and cancelled it within the cooling off period.

I then repaid it without interest but went ahead and took another one with them?!

Bonkers behaviour.

They'll definitely be holes in the figures, but I'll try and get it done as fast as possible and get it up.

A big question I do have right now however is concerning the PAYDAY UK & PAYDAY EXPRESS loans (the most bothersome tbh)

– If I'm asking them (Instant cash loans?) to dig out all the info / loan history, is that not the same info

I don't want the debt purchaser to have when I'm defending the pursuit of the debt?

If I get them to unearth it, am I doing PRAC a favour if they try and pull together all the agreements etc?

Confusing!

I think when you've lived with debt hanging over you, you get really scared of waking the sleeping lions!!

onwards and upwards.

forget about DCA's they are not BAILIFFS!

fkofilee, here is the full picture....made me wince delving back into the dark days and feels even stranger posting this online.

While the amounts aren't huge (I actually thought it was worse than this), there's no denying the impact it's had

PDLOANS.pdf

thats good summary for the guys

£13k is the total.

Thats what it adds up to MINUS Interest and charges etc based upon what you have provided...

Just want to say this out loud... Its very bad that you hit £13k!!

We dont judge on CAG we offer assistance where we can So we will help you as best as we can . I have been down this road before with others and myself even...

SO lets get this together and analyse what you have here.

I see you had £2900 in Aug 12 - That for a start was excessive. All of these loans appear to be pre 2015 when rules came into force but these reclaims centre around this.

The 2015 rules laid waste to all previous loans because they set a standard of how the market should be regulated.

Aug 12 is a concern and should be a focus for a reclaim.

Did you get your credit reports from that time or have you signed up today? If so go get them as you will need them. They will have default dates on them etc

Any CCJs we cant help get removed. But we can help you reclaim.

Was any gambling involved? I cant remember you if you mentioned....

BTW PDUK AND PDE are the same firm. So we can bundle those together - APR 2013 is a very big concern. They gave you 2 loans in the same month? From 2 different brands?!?!?

Thats terrible!

1st Stop - Reclaim deffo as they have given you more then one loan in a small period. 6 loans 11 months... Deffo irresponsible.

30 loans over a 2 year period. Lets get reclaiming. So do you have bank statements and your credit reports from either then or today?

Ive worked it out - Around £17k including interest and default charges etc...

Anyway look at my previous post - Answer those questions and let get you on track

Thank you so much for looking at it! It's both terrifying and a weight being lifted seeing it all laid out and possibly being able to turn some of the mess around.

So, in answers to your questions:

1. Haven't got credit reports from 2012-2013. I only have them from earlier this year and onwards. I'm signed up to experian now and happy to keep that going so I can monitor it. Gonna get obsessed with my credit file.

2. No gambling, but started getting the loans after a separation and no access to other credit. At the time of starting them I know I had a barclaycard loan default, HSBC loan default and another credit card default on my credit file which must have dropped off a couple of years ago. Once I got into the trap of robbing Peter to pay Paul, I was using them for month to month living.

3. I have access to all bank statements and have downloaded them all.

a weight being lifted seeing it all laid out

it is. and needs to be done.

well done, your pdf summary is good, and the guys will help you.

Thank you so much for looking at it! It's both terrifying and a weight being lifted seeing it all laid out and possibly being able to turn some of the mess around.

 

So, in answers to your questions:

 

1. Haven't got credit reports from 2012-2013. I only have them from earlier this year and onwards. I'm signed up to experian now and happy to keep that going so I can monitor it. Gonna get obsessed with my credit file. (Sign up for Noddle and clearscore too - NODDLE ESPEC!!)

2. No gambling, but started getting the loans after a separation and no access to other credit. At the time of starting them I know I had a barclaycard loan default, HSBC loan default and another credit card default on my credit file which must have dropped off a couple of years ago. Once I got into the trap of robbing Peter to pay Paul, I was using them for month to month living.

3. I have access to all bank statements and have downloaded them all. (Keep them and used them if you need to provide evidence - However if the PDL firms had done proper checks on income etc they would have seen your reliance on loans ^_^)

Above & yes thank you for your PDF it was easy to put everything together

One more quick question for today – now that I've got a clearer picture on most of the loans (yep, my Sunday was fun!), do I still need to put in an information request to each lender, or can I start putting together my complaints based on and tweaked from other examples on here? Am I best to post them up here before I send? (keen not to bore you with the same letter X 11!)

Its up to you on this one...

Youll have to wait for 40 days for each SAR Request and it costs £10.

Its up to you. Do you feel like you have enough info to proceed? Or do you need more info from each lender?

A SAR isnt always required. Follow your heart with the letters - only you know the misery and hardship they caused you. Tweak it to your circumstances.

I feel like I've got enough info on the slippery eels after today....and I'm keen to get it all rolling. I'll pop back when I get stuck. THANK YOU.