Hi i have been following this site for years and know you have given some great help and advice.

So here I am asking for help for my daughter.

Background is

she over the last 2 years she has earned around £1300 a month and in this time she has managed to get herself in a right mess.

She started with catalogues from

Fashion world,

Littlewoods,

very and

studio

who have all been increasing her limit until they reached around £1500 to £2000

then came along credit cards Barclaycard,

marbles and

capital one with about £500 limit on each

then a 118118 loan of around £5000

To be fair she was managing all these payments but then she started on Payday loans which have completely messed her up.

She has been trying to make payments but she hasn't got a penny to her name.

Since august she has moved into her own property so things are even tighter now plus her work place has messed up her sept and oct pay so she is still waiting for payment from them for £1200

She has also from Monday started a new job with a slight drop of pay she will now be bringing home around £1100 a month.

My daughter is very depressed and I am quite worried about her to be honest I am sick of seeing her cry over money.

No 21 year old should be going through this.

My question is

I want to help her and get some letters sent to her creditors offering token payments

(she has agreed a payment plan with some but at silly amounts she can't afford.)

Where do i need to start?

Her contract phone has been cut off so the phone calls have stopped but she is consistently getting emails and letters.

(letters come to my address as ive told her not to change the address yet)

Does the irresponsible lending work?

as I am gobsmacked on how easy she could get a payday loan in 3 minutes from lots of different companies.

well if her credit rating was ok [no defaults etc] and it showed she could meet the payments, then p'haps ORL is not the way to go.

using the prorate letter from our debt collection section of the library

send each one a copy.

see what they say.

if they will freeze int then agree and pay that creditor

if any refuse send the £1PCM letter and stick to it!

I would guess all of her credit is post 2007 so little point in a CCA request as debts are still owned by the original creditors?

Thanks ive found the letter she needs to send

Some have gone to debt collectors does she write to the original creditor or the debt collector?

Also one of the debts is from company called safety net credit who had constant access to her bank account and would snatch money off her when it went in then re lend it her . I got her to have her wages paid into a different account. are these a legit company when she shown be the account it was hard to understand.

Urm they are terrible lot!!

Poss needs its own thread

as for the dca's are they simply collecting for their client to OC's or are the owners?

PAYDAY LOANS

Safety Net – Credit Resource Solutions ltd - £594.00 collecting on behalf

Lending Stream -

Loan one - - £288.59 £48.62 2 payments behind

Loan Two - - £273.08 £54.37 2 payments behind

--------------------

CREDIT CARDS

BARCLAYCARD - - £550.00 default

CAPITAL ONE – £499.49 one payment missed

------------------

CATALOGUES

FASHIONWORLD – balance £1769.94 had payment plan but still adding interest -last paid 24th aug

LITTLEWOODS - £961.79 last made a payment 2nd oct of £20.00 arrears £912.68 Account Limit £1025.00

VERY –£1349.06 last payment made £50.00 24th Aug - Arrears £540.00 Limit £1200.00

-------------

Loans

118118 – £7171.77 – Default

Provident - £400 = No contact for 12 months from them

Moorcroft tesco phone contract £799.00 paying £30.00 upto date collecting on behalf

Stop paying that money to moorcroft!!

Probably unlawful full term contract payments??

Not using it?

Yes she missed two payments on her contract and they cancelled the contract she even tried to pay the missed two payments but they wouldn't let her just passed it over. It was her second contract with tesco and had never missed a payment before.

They cant charge her the remaining months of a contract /service she is not using..

ok but they are doing. So what does she need to do now as they will hassle her for payment. She still has the phone but does not use the sim they never requested it back.

Stop paying let them sell it on.

Ofcom have clearly stated charging a customer till end of unused contract (outstanding months) is unfair termination penalty.