me too! I was amazed they didn't even send a 'approved - would you like to proceed/confirm message...just 'approved - funds have been transferred!

overdrawn and not in use. regardless - their claim that I am not entitled to cancel immediately is ridiculous.

same here - does'nt have any dates on it though! or signatures?

same here - that 'agreeement' isn't even dated or signed?

Please be sure that the details You enter are different from the ones that are already in our system. The system updates only when You enter new information. You do not have to have the Bank details update fee £1 on Your debit card when You only update the Bank account details (Bank name, Sort code and Account number).

"The Cancellation Period commences on the day that you receive an electronic copy of the Agreement at the e-mail address provided by you." Never had one as far as I can see.

applied for a loan with Minicredit last year, and was declined. went to try again today (last resort) and noticed they had out of date bank details (ie an account which I do not use anymore as its in dispute. Updated my details, and re-applied. Got 2 messages 1, that my new account details could not be verified and as such had not been changed. 2, that my loan was accepted and had been paid immeidately! I phoned them straight away and asked them not to pay into that account, but was told it was too late. Fine, I said, can you recall the funds? No, we can't do that. Ok, I'll cancel the loan then. They then claimed that the 14 days statutory cancellation period only applied to my original loan agreement last september - despite the fact that they declined the loan at that time! Surely a loan agreement without a loan is not an actual agreement???? I don't know why they're being so difficult - I want to take a loan and pay it back. aaaaaaaaaaarrrggh!!!

I have a similar-ish issue: applied for a loan with Minicredit last year, and was declined. went to try again today (last resort) and noticed they had out of date bank details (ie an accoutn which I do not use anymore as its in dispute with Natwest). Updated my details, and re-applied. Got 2 messages 1, that my accoutn details could not be verified and as such had not been changed. 2, that my loan was accepted and had been paid immeidately! I phoned them straight away and asked them not to pay into that account, but was told it was too late. Fine, I said, can you recall the funds? No, we can't do that. Ok, I'll cancel the loan then. They then claimed that the 14 days only applied to my original loan agreement last september - despite the fact that they declined the loan at that time! Surely a loan agreement without a loan is not an actual agreement???? I don't know why they're being so difficult - I want to take a loan and pay it back!

will keep posted

also (slightly tongue-in-cheek) the credit agreement clearly states that: AMOUNT OF EACH REPAYMENT may be collected in various amounts & multiples and must be within 30 days. well, it's 2 years later, so I guess that's invalid?! _________________________

**UPDATE** having found the original credit agreement (its from 2009), there is no reference to them being authorised to use these methods. I'm aware that current agreements from most payday co's do have these clauses, but this one seems to be from before they started including these. Barclays are insisting that they cannot do a Visa chargeback as it's a loan repayment, however the original agreement included a DD mandate (for a different account) and no debit card details were involved at all. Uncle Buck only got my card details when I recently applied for a loan and they informed me I had an outstanding balance from 2009. At no point did I authorise them to take payment from thsi card, and as far as I can see, the original credit agreement doesn't include provision for them to do this either. FULL TEXT FROM AGREEMENT (excl. my personal details) - apologies for formatting, I had to copy from a PDF. Am i correct in thinking this doesnt allow them to take the money or am I clutching at straws? KEY FINANCIAL INFORMATION THE CREDIT LIMIT OF £ REPAYMENT is by debit card, direct debit or cheque. AMOUNT OF EACH REPAYMENT may be collected in various amounts & multiples THE APR IS and must be within 30 days. _________________________________________________________________________________________________________________________ OTHER FINANCIAL INFORMATION TOTAL CHARGE FOR CREDIT - Interest will be charged at a fixed rate of on the amount of credit applied on the date of the loan. KEY INFORMATION MISSING PAYMENTS could have severe consequences and make obtaining credit more difficult Default – We reserve the right to charge you * interest on any instalments in arrears for such period as they are in arrears at the contractual rate * for Letters/Notices sent to you about your default at £10 each * any fees we incur in the instruction or involvement of third parties for:- Tracing you, Returned Payments, Debt Collection, Court Action IMPORTANT – READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTS The Consumer Credit Act 1974 lays down certain requirements for your protection which should have been complied with when this agreement was made. If they were not, the creditor cannot enforce this agreement against you without getting a court order. The Act also gives you a number of rights. You can settle this agreement at any time by giving notice in writing and paying off the amount you owe under the agreement. If you would like to know more about your rights under the Act, you should contact either your local Trading Standards Department or your nearest Citizens’ Advice Bureau. TERMS AND CONDITIONS DEBTOR: 200.00 2339.30 This is a credit agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legally bound by its terms. Date of signature ________________ . YOUR RIGHT TO CANCEL Once you have signed this agreement, you will have a short time in which to cancel it. The creditor will send you details of how and when you can do this. You agree - that signature to this agreement acknowledges receipt of a true copy of the agreement - you have received the Pre Contract Information before signing this agreement - if your repayment is not honoured we may share information about you and your account with other lenders - to a creditor making a credit reference and fraud prevention Agency search which may be recorded by the Agency concerned and shared with other creditors; and - the creditor may disclose to such agencies how you conduct your account - if you default or are suspected of fraud that others lenders may use this information about you and others with whom you are financially linked for credit assessment, debt tracing, and fraud and money laundering prevention. You have a right to be told which Agency we use and to obtain from the Agency a copy of your file. You have a right to cancel after you have signed this agreement. You have 14 days from the day after this agreement is executed. You can do this by sending written notice of cancellation to 238/242 Brownhill Road, London SE6 1AU. You must tell us within 7 days if you change your name, address, place of work, mobile number or email address. You must tell us immediately if you change your debit card or bank account. You must tell us immediately if your salary will be paid into another account. We may end this agreement after giving your proper notice in writing if: - you fail materially to fulfil your obligations set out in any part of the agreement - you have given false information in connection with this agreement - you commit an act of bankruptcy (such as failing to pay a debt as ordered by a Court) - we believe your ability to repay the loan on it’s due date is seriously impaired (such as losing employment) - allow another person to take over our part of the agreement, that person will then take over all rights and responsibilities under the agreement 207931 30 % (360% pa) Signature for (or on behalf of) Creditor Date: 18 JUN 2009

thanks silly, i am in a bit of a state - not slept all weekend and struggling to focus at work, so much appreciated. is there a specific law I need to reference?

Hi I recently applied to uncle buck for a loan, providing debit card details as part of the process. At the end fo the call they informed me that I had an unpaid loan from over a year ago witht them, which I do not remember but accept that its true - i had to use a lot of these companies last year to get by. Yesterday I had a call from Barclays advising of suspcious transactions, and Uncle Buck have taken hundreds of pounds from my account. Ultimately Barclays advised that there was nothing I could do as Id freely given my card details. Is this true? Do I not have to authorise card transactions? The account is only a few months old, so these card details are not the oens I provided when I took the loan - can they simply take money from me just because they know my card details? Don't i have to authorise a transaction? ANy advice desparately welcome - I now have no idea how I'll pay my rent this month.