I have a default with QQ dated 16/07/2012 it should fall off my file July 2018.

Will it stay on my file after this date if there is still a balance on it or will it be removed regardless.

Can they add another default at anytime?

Regardless of the state of the account/debt, whether it is paid or not, it will auto drop off your file 6 years after it was

first placed on there.

And no it can't be re-added.

Defaults only have a six year shelf life, once they drop off then they are gone for good,

but don't expect them to stop with the demands for payment, even when it is statute barred!

I have 2 'loans' with QQ. In fact I only have 1.

Main loan (rolled over)- 28/03/2012 - 500

Finance charge - 147.5

Late fee - 12

Balance - 659.5

Roll over fee - 29/02/2012 - 500

Finance charge - 147.5

Late fee - 12

Balance - 159.5

I have since paid £320-330 which has resulted in smallest loan account being closed, and the rest being put towards the biggest loan.

I am wondering if QQ are trying to play me and make me pay the finance charge & late fee twice?

My credit report has my balance as £499 but I think it should be £340 ish.

I have stopped paying the last few months and just received a letter today trying to locate me as I moved house.

Should I get back to them ask for a full breakdown? When it was 'sold' to ARC they wouldn't give me one.

EDIT: Also which credit report is the best to look at?

I have Noddle (call credit) & now ClearScore (equifax) and both are different.

ClearScore has none of my payday loans listed but Noddle does.

ClearScore however doesn't show the status of my accounts so it doesn't show defaults.

I sent an email to QQ earlier in reference to the £659.50 loan and they have admitted in a reply the £147.50 is an extension fee.

Therefore I am refusing to acknowledge the smaller loan for £159.50.

Unfortunately ARC assigned my payments to the smaller loan first, meaning that loan is now paid off.

They then sent QQ any payments after the fact so £170.50.

1) Why didn't ARC sent QQ the money from the start?

2) Why weren't ARC assigning the money to the main loan after the small loan was paid off?

Kind of sounds like ARC owned the small loan but QQ owned the main loan. ARC & QQ are probably the same company.

They cannot refuse to send you a breakdown of the debts and should be sending you regular statements.

If you have any correspondence from ARC, they should identify at the bottom of the page if they have any link to Quick Quid ?

Did you receive a Notice of assignment when the debt was supposedly sold/assigned ?

they haven't refused to send me a breakdown. I already have what I posted above from them and today I got information about the 'main' loan.

From what it sound they care charging me twice for the rollover fee.

I got a breakdown of the main loan via post last week.

They are not mentioning the 'rollover' loan and claim only £90 has been received leaving my balance as £499.

Main loan = £659.50

Payments = £160 (ARC) + £170 (direct)

Balance = £329.50

They have applied £159.50 to the 'rollover' loan which I dispute stating I still owe £499.

I have a mind to just start paying them £5 till it falls off my credit report in a few years.

Quick Q on your last point debrag15.....

Whe you say 'falls off your credit report', what do you mean exactly?

I've heard and seen snippets with regards to a company only being able to post to your credit file for 6 years.

Is is this in which you refer?

I ask as I've had QQ post to my credit file for almost two years now.

Will this 'fall off' after the 6 years is up, or 6 years after I settle?

Thanks.

Fall off Simply means it will automatically be removed

my account has gone back to QQ, when I log into QQ I have no current loan and no loan history.

Should I contact them to inquire as they have sent me a breakdown previously or just say nothing and wait for the post?

I've since moved addresses so it could be a while, if ever.

I had intended to pay them £5 a month but that's their loss.

My default is dated 16/07/2012 and should come off my file August 2018, in under 3 years.

So I got a breakdown of the main loan via post last week. They are not mentioning the 'rollover' loan and claim only £90 has been received leaving my balance as £499.

 

Main loan = £659.50

Payments = £160 (ARC) + £170 (direct)

Balance = £329.50

 

They have applied £159.50 to the 'rollover' loan which I dispute stating I still owe £499. I have a mind to just start paying them £5 till it falls off my credit report in a few years.

I did decide to only pay £5 a month to ARC.

The first payment went through then I got an email to say they no longer hold the account and it's back with QQ.

Went to pay QQ this month and the £5 has been returned from 'qq/p2p'.

Spoke to them via live chat and got told ARC still hold it, tried ARC and they don't recognise the ref number anymore.

I have emailed QQ to tell them all this.

I think I shall continue to pay them £1 a month & if it gets returned no-one can say I didn't try to pay.

I keep getting them 'if you don't pay...' emails.

The wording never changes.

You'd think they'd have taken me to court by now!

It falls off my account July 2018 so not too much longer.

Will wait and see what their next move is.

Dont pay another penny until they get their act together. Just keep the money in your bank and once they figure out who owns the debt, then pay them

UPDATE:

I just checked my noddle report and I no longer have my 2 defaulted QQ accounts on there, not in the open or closed section.

I only have the 3 close none defaulted accounts that fall off Jan 2018.

Does this mean they have sold it to someone or that I no longer own them anything?

I am still getting the auto 'pay in 60 days' emails which I just ignore.

Have I had my loan written off (just read the guardian article),

I've had no email about this and they don't have my current bank details or address.

Too scare to inform them

I have had a qq loan in the past (2012).

I disputed it and since then I've had the '60 day over payment' email going back at least as far as 2015.

The default is dates May 2012 so due to fall of my report May 2018.

Today I have received via email a 'notice of assignment' from Motormile Finance.

Should I ignore it,

remind them that the account is in dispute or send them the prove it letter?

I'm getting confused now.

27/01/2013 Last email sent saying I was in dispute over the balances and the debt being assigned/sold to ARC. ARC couldn't give me a breakdown referring back to QQ, QQ claiming they didn't hold my account anymore!

21/08/2015 Email sent requesting a breakdown as I disputed the balance amounts.

12/09/2015 Last email sent/received over the balance dispute

24/11/2015 Notice of Payment 60 Days Overdue emails start arriving almost weekly til Dec 2017

21/12/2017 Notice of sale email

04/01/2018 Notice of assignment email from Motormile

It drops of my credit file in 5 months but when would/should it be statue barred?

I think I shall get a 'prove it' letter as well as a CCA request letter in the post ASAP

If Motormile do own the debt then should the closed defaulted QQ record on my credit file be changed to Motormile but the default date stay the same?

29/01/2017 QQ claim my balance is £494

05/01/2018 ARC claim my balance is £589 (appears to still be active)

04/01/2018 Motormile claim my balance is £489

This has been going on for years not sure what the balance should be.

Threads merged under one username.

Regards

Andy

id be blocking their emails

who ever told you to email any one regarding debt wants shooting

if you have not written to the OC or anyone that has chased this and ANY of your other debts with your correct address

id be doing so

you seriously stand a risk of backdoor CCJ cause you think its smart to hide...

I'm not quiet sure why you think I am trying to hide.

As I said I don't remember the last time I paid them anything. Ignore the following:

05/01/2018 ARC claim my balance is £589 (appears to still be active)

That was for something else.

I'd forgotten about the whole stuff in 2016 about the accounts falling off my report.

Both are back but only one is defaulted.

It appears it may have been written off then put back on, who knows.

I am more than likely going to try and offer a F&F on the £489 anyways

I've had no email about this and they don't have my current bank details or address.

Too scare to inform them

have you informed in writing QQ or anyone your change of address since moving?

if not you stand a big risk of a backdoor CCJ from MMF and that's one of their favourite party tricks.

i'd not blindly be paying anyone yet...

QQ have my address,

I have only been getting emails not letters through the post.

MMF could give me a CCJ in it's last 5 months on my report :

Surely I need the 'claim before court' letter or whatever it's called before they can do anything.

good

so all MMF are doing is saving money and using a cheap method to harass you.

bounce their emails back and block them.