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Everything posted by apollokid

  1. Hi, I cant comment really. Your situation is very different. Your loan is secured against property. I know Everyday DONT issue secured loans anymore ... (Dont know why?) You would need very specialist advice .. I know of one guy ( I know this guy personally) who had a secured home loan declared invalid due to the nature of the way the agreement was written up and the subsequent charges made. http://news.bbc.co.uk/1/hi/england/merseyside/4720585.stm http://citywire.co.uk/new-model-adviser/extortion-ignorance-and-bad-loans/a261311 These links will give you an idea what it was about ... You could try that avenue perhaps. I do know the company in this case fought tooth and nail to get Tony s home taken off him - Thankfully the court found in Tonys favour You need a solicitor I think. Let us know how you go ... I hope it works out for you !! I really do ... All the very best Apollokid
  2. Hi, Thank you .. do not understand the CCA 1974... What I have is payments of 1 x £158.28, and 29 of £165.95 The loan agreement is confusing, it says APR Variable 76.0 % somewhere else it states - interest rate is 51.9 % per annum variable. So all in all you need a maths degree to decypher these agreements. It says they MAY chrage you £25.00 for a missed payment and £5.00 for cancelling a DD ! Is the interest rate illegal how would a judge in court view their activities ??? :jaw: Thank you for your help ! Regards AK
  3. Can you please elaborate .. what do you mean by the loan is unenforceable ??? Am in deep trouble and have tried to come to an agreement with these people who keep adding a missed payment fee of £25.00 PLUS interest. :mad2::mad2: Thanks AK
  4. Hello All, I posted regarding Everyday Loans some time ago .. to warn you about their business practices and interest rates. http://www.consumeractiongroup.co.uk/forum/showthread.php?259737#post2928758 I have today reported them again to Trading Standards and Consumer Direct. I have reported them for their sky high interest rates . . . their business practices .. not advertising their interest rates.. and for the way they treat you. Sat in the office while they calculate how much interest to charge you for over an HOUR ! My experience is a £2600.00 loan over 30 months £166.00 a month so that s £4980.00 for 2600 over 30 month £2380 interest ! a staggering £80.00 a month interest .. If you are a customer I urge you to report them - They are robbing people you and I., and anyone who falls into their clutches. You are helping other here ... I suggest that you check you agreements they may have ripped you off with PPI which you cannot claim on even if you have a claim. I have also been advised by Consumer Direct to write to them and take issue with their interest rate and small print. I am led to understand that I can ask them to review their interest rate ... and can complain to the FOS service if I get no joy. Please check your agreement ... and if you are unhappy withthis company please report them to Consumer Direct or your local trading standards dept. Dont let these people con, or rip you off anymore !! All the best Apollokid
  5. Re: Everyday Loans - Fixed sum loan agreement advice please ... The answer is in the amount of loan you have to repay if more than half of the loan time has elapsed, that is rather an onerous (think that is how it is spelt) term... plus the fact that the APR seems to be completely wrong. I am no expert but I would say that the basic loan is unenforceable via a court, purely on the APR aspect... it is WAY too high for a fixed term loan. I would let Trading Standards see the copy of the loan paperwork and see if they can do anything for you - but dont hold your breath on that. More advice please in this reply someone stated that this agreement may be unenforceable ??? can some one please elaborate ?? Have paid these miscreants some £2500 and still owe the same again in interest ??
  6. DX No nothing I can reclaim ... I refused PPi which probably made my APR higher these people really are bad news. 76% that is after I had a smaller loan with them paid in full, Xmas (Last year) and wife needing funds to see sister in Tenerife due to illness last November led to this bad deal. I deeply regret this ... Please rest assured this will be a pain for them to get the funds out of me .... Though I do not suggest defaulting on a loan that an individual signs up to. ... I will make life awkward so awkward for them, I urge other s to do the same. Compass are running a good campaign to cap shark legal lending practices in the UK All the best AK
  7. Hi, Paid Eeryshark the other day .. full up to date payments. I wont pay them by DD anymore They keep ringing me to ask for my card details so they can process my monthly payment each due date. Question is Can a loan shark company like this lot demand payment via storing bank debit card details ??? Is it legal for people to store information in this manner ??? Anyone provide some response to this issue ??? I have no intention of giving my debit card details, or a DD instruction. What I will do is pay them in full each due date for 19 more times ! To date for £2600 loan i have paid these people the total of £166.00 x 12 £1992.00 pounds and I still owe 19 x £166.00 £3154 so £ 3154 + £ 1992 = £5146.00 for a £2600 loan paid back over 30 months. I write this here so people can be warned... and to remind myself how stupid I have been myself. :-x:-x If this thread stops just a few people falling into the clutches of Everyshark then my time here is well spent All the best AK
  8. Can you tell me why they wouldnt honour your expensive PPI claim... is it possible they mss sold the PPI to you if so try and claim it back ! I just put a claim in for £75.00 ... robbing gits !
  9. http://www.macintyrehudson.co.uk/calculators/loan Try this loan calculator ... 8)
  10. Please ALL Everyshark customers make them work for their money.... :roll: Make it cost them to collect their ill gotten lot !!!
  11. Hi, Hmmmm i could never work mine out ... read earliest part of thread. Im going to write and ask them to explain how they calculate interest .. hope they havent done it wrong:mad2:
  12. Hi, The purpose of paying the leeches by card is to waste their leeching time by having to take the card payment over the phone ... This is more labour intensive than DD / SO payments ... ring em and waste their time if more people did this it would waste much of their daily leeching time .. no SOs for them They dont like SOs anyway for some reason it may be that the account holder has more control over their payments ??/ leeches pray on controlling people and their cash in their accounts Please join in making the run up to xmas less profitable !!!! waste their sharking time .. Regards to all AK
  13. Hi, Can anyone advise if these people should advertise their sordid rates of interest ?? they get you in the office and make one up i think ! I guess that depends if you take up their expensive PPI ..and their usual excuse to rip you off your credit score ! Any advice please
  14. Hi, I am sorry to hear of your experience ..these guys are real shysters. Please let me know how you get on and how you intend to protest :mad2: ALL FOR IT May evenn join you 8)8)8)8)8)8) I have another 18 payments of £166.00 to go. When I borrowed £2600.00 twelve months ago i anticipated the balance might have gone down slightly. Experian credit files state the balance today £2093. I have paid Everyday (Everyshark) £1826 my balance has decreased by about £500.00 I recently changed bank accounts and cancelled my Direct debit .. I paid Everyshark their payment via Debit Card the day the payment was due. However, they sent me a bill for £5.00 for not paying DD ! with interest if not paid within 28 days ... They will tell you they can store your card details .. I told them I only fund that card to pay them (Which I do) 8) So, I wrote a letter of complaint .. told them NO More directdebits from em ! and I wasnt going to bother about trying to claim back my mis sold PPI policy - but I am now ! I sent them a bill for a total of £75.00 PPI - FOS if they dont pay, it will cost them time and effort to respond. May I suggest the following to Everyshark customers cancel your DD and pay the sharks by Debit card ! this will cost them so much time and effort to collect their ill gotten gains (If you yourself have the time to spare) Check you need the PPI they sold you ! Write and challenge them and simply put a spanner in their works ! I intend to make my loan agreement the most questioned in history Good luck AK
  15. Hi, I have paid my car finance loan a day late, BCT said that they will report me as a late payment can they do this ?? Will that mean my credit file is further damaged ?? 40 payments made on time .. only 9 to go can they report you as missed if you are day late - bit extreme ! Same with Very forgot to pay them ! too till today ! now paid them but never said they would report it as alte and offered to refund £12.00 late payment charge - as my account is never missed ... will they report it as late ?? I seem to take one step forward and two back ! Any advice appreciated ! Thanks Andrew
  16. Hi, I phoned my local authority money centre for advice. They said they would pass my details onto trading standards as a result of what I had told them. They seemed to think this deal was okay I admittedly signed the papers for this loan and repay it I shall. This was not the issue here. But I told them they dont advertise their rates and are evasive when you ask anything like what rate will you charge you. Their selling practices leave a lot to be desired, test visit there perhaps :)ir I spoke to Everyday who explained to me the figures were right, they couldnt work them out for me - but they were right. They could work it out manually but could take them an hour ! I asked them why they charge such high rates - they passed on that but agreed it was a lot. Trading standards are looking at their business practices that is not advertising the rates that they charge in advance. When I went to see them and asked them their rates they are evasive, however they know you are there and in your circumstances -(low credit score ) they have got you right were they want you. You need money the bank have shown you the door - and there they have you. They keep you waiting for ages while they go through your banks statements and documentation and after a while you may start to lose the will to live - they sit you in a little office ... go away decide how much to thump you for and come back tell you what your rate will be and there you are ... Welcome use similar practices keep you waiting and waiting, this is quite hard sell, and must have been devised by some physcologist somewhere. This is a carefully practiced routine designed to wear you down, you are probably on a downer financially to go there - this is all part of a process I use the term "Desperate" lightly. I needed the money .. and there was little else I could do, and these people know that, they hope you will pay, and pay, and when you are nearly finished your loan they will contact you "would you like some more" - you end up in perpetuity. I didnt know my credit score will suffer - having finance companies on my file ? I am told the better organisations realise what these people do and mark your score down accordingly, their lending is expensive and the quality of credit is used against you again ! you are going to have a hard damn time paying anyone else (They reckon) - that is their line of thinking .. anyway I hope this little warning may save someone falling into their clutches. I hope if you are in a similar position that you are able to get the money services you need without becoming a victim of this company but we all know it is probably easier said than done ... and another warning they are expanding .... everydayloans news Thank you for your help anyway ..
  17. Thank you for the time you have spent. I will contact Trading standards - see what they say. I will post the results back here to help inform others Thanks again ....
  18. Hi Went to Everyday loans direct ... no broker involved at all ... Have turned computer wizzard .. so here goes and thank you so very much for your help .. we appreciate it,, :):)
  19. Hi I have tried for an hour to scan the document in .. just cant do it following the instructions provided, the document appears so small it is not legible sorry ... but thanks for help
  20. Hi This is a 30 month personal loan agreement, it is not a payday loan is it I m not sure you are the experts .... Everyday are a smaller cpmpanythan Welcome-but are worse than Welcome !! Thanks AK
  21. Hello, Am out of depth here so help is appreciated.... I have a fixed sum agreement CCA 1974. The agreement is between me and Everyday loans. Amount of credit - £2,638.06 Number of payments - 29 Amount of monthly payment - £ 165.95 APR Variable - 76.0% Duration 30 months Documentation fee £ 158.28 Broker fee 0.00 Interest 2174.49 Total charge for credit - £ 2,332.77 Interest rate 51.9 per annum variable Is the interest right ?? I worked out 76 % of £2638.06 as £2004.93 ! I do not understand were the 51.9 % variable means ?? Can anyone help me - if it is wrong can I say that this agreement is not legal - its got to be these people are never wrong are they they are taking the food off our plates - but I have heard that they try to charge more to others !! I am so sad bad things have happened to me and I have to put up with this stuff ! I wish I could put a stop to this nonsense and legal robbery ! - with three kids and an income I am fair game arent I Advice much appreciated and thank you !
  22. Hi, Can anyone tell me why HSBC would refuse to move you from basic bank account to current account. ?? No CCjs in last six years - no defaults, up to date payment on accounts that are open. !! what do these people want. Said I had failed credit score ! have had a lot of searches some people have granted us credit some refuse ! (24 in year) (4 in 6 months). When lenders refuse you do they tell the CRA`s who tell others you have been declined ? or once you declined by bank are you declined by them all ? Do they have white information .. I have only two years of 00000000s on my credit file ??? I cannot understand them I put £1700 a month in their basic account ! I have £12000 outstanding .. 2500 a car 2500 to Everyday, and 4000 to welcome but have never missed them. How can I get away from them whilst these banks wont help you ??? Pay car £161, welcome £204, E/Day £165 .. bank loan wud be much cheaper:smile: I did have a CCJ set aside - claimants request.. but nothing else adverse, dont understand them ! Thanx
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