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paydayjoke

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About paydayjoke

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  1. Conflicting advice from @dx100uk and @uncle bulgaria :-It's not tax credit its housing benefit; I don't owe HMRC anything... I don't have payday loans, just loans with crap interest. Why are you against doing the bankruptucy so much? Clean slate and all that...
  2. So a little update; Of the 6 letters I sent 3 were acknowledged. One accepting £1/month for now and two from the same creditor trading under different names asking for full I&E which I haven't done. In a moment of madness I managed to depsoit 5k to a gambling site I didn't have due to paypal's crazy policy of allowing payments which are to be collected by direct debit after a couple of days to gambling sites! Mad they allow this but this will show as a negative paypal balance (in a different account to the original "debt"). The first paypal -£5k account has been closed and passed to a DCA now. I have ignored them. My council has appeared to have stepped up their collection efforts for £2.5k in alleged housing benefit overpayment from 2015/16. I have acknowledged their letters over the past 3 years each time by email but they rarely respond to my pleas. I truly think if there was overpayment then it was for less than half the amount they claim. At the time I didn't think I was being overpaid because I wasn't really working but I had stopped claiming JSA/ESA (and told them as much) but earned a couple of hundred pounds a month from sporadic work. Also what I thought was a dormant debt from 2016 to Halifax has been actually sold ( to caboot? I think. Hard to keep track of everyone) I've been getting phone calls daily but ignoring them for the most part. I did request all communication in writing in my original letters. I feel incapable of dealing with these creditors and whilst initially I was feeling that I would be happy to just ignore all the letters (arreas, defaults and the like) and phone calls for an indefinite amount of time and hope to make it 6 years to statute barred-ness and accept or defend any CCJ attempts that did arrive. I figured that avoiding these creditors for 3 months so far is 5% of the way there to statute barred! But I figre for these fairly sizeable amounts they probably won't all let it go and I will get some CCJ docs (never had to deal with that) However now my mood and thinking has changed. I am looking again at insolvency. I'm over the DRO limit now so its BR or nothing. I was wondering why you said to not consider this and it would be stupid @dx100uk? Although shirking my debts/responsibilities it does seem like an "easy" way out at the moment. It would be so nice to know that what's done is done and to be able to draw a line in the sand and start again in a year or so and not have to avoid creditors or worry about what's coming next... It certainly would help the environment what with the amount of letters that are arriving already(!) considering the first payment I missed was october/november (excluding the old halifax and council debts). I am exordinately stressed about it now even though I thought I would be already . Any advice would be great if it was to get my head out of the sand and contact people/do the ignoring thing and seeing what happens/reasons to do or not to do bankruptcy for these unsecured debts? Thanks
  3. Well I've written letters to the loans and the credit cards (aside from paypal credit; I can't find a UK mailing address for them so waiting for them to reply to that. Does anyone happen to know if they even have a UK office? I think I read somewhere that they use Newday as an intermediary due to not having a licence here. That would be quite funny as two of my three actual credit cards are from Newday under different names so it would mean almost all credit card debt is with them! ) The letters all said the same thing. I also took the opportunity to ask that they kept communication via letter only as no point talking on the phone. Tomorrow I will print them off and send them. 2nd class is good enough right? Is proof of postage necessary? I actually feel a little bit better just having made that first step of pulling my thumb out and drafting the letters, finding addresses etc. Still mega stressed and depressed but I guess it's "only" debt (and I think as has been mentioned "unenforceable") For now I have just offered a £1 token payment to everyone including Bamboo and Likely (who, as mentioned I MAY have a case to make irresponsible lending claims to, though I might not have told the truth, the whole truth and nothing but the truth on my applications with regards to my income and expenditure (oops ) Santander overdraft is one thing that I think I will just have to let default whenever they start taking charges (this was pretty much the straw that broke the camels back with regards to getting me to the point of having NOTHING. That and the loan from Bamboo a month or so ago) I'm guessing I'll get a nice amount of contact from them all eventually, but hopefully they do stick to post. If they do phone I will simply ask them to write to me as per my request. I will endeavour to update this thread when I start to hear from them. I do hope they are reasonable though I expect some of them won't be. Cheers
  4. @dx100uk Well my pro-rata offer is minus at the moment lol so I will look to modify it and offer the £1 token payment. Is that the right move? At the end of the day both they and I know that you can't get blood out of a stone and I am a stone currently Thanks again sir
  5. Hi @BankFodder and Dx100 thanks for your replies. Well nothing has defaulted yet as I had been able to make payments up until this month for everything. This/next month is when this going to start hitting the fan and I want to The livelend loan is about a year old. Bamboo is like a month and I've made one payment Likely a couple of months and I've made two payments. Aqua credit card I've had for a few years and it started with a smallish limit and they kept increasing it. Say it went to up to 1600 at some point and I used it and paid it back and didn't use it and they increased it a couple of times. I had always paid it off and had it sitting there doing nothing so they were quite happy I guess. Interestingly they actually cut the limit by 300 to just under 4000 and I got a letter saying after a review they were doing that (I don't know what triggered them to do this). It was only in June that they increased it significantly from approx 2.5k or 3000 to 4100. Capital One credit card I think they increased it once and again I only used it once and cleared it and then they increased it slightly and I've utilised it all now. I have probably had it a year or so. Paypal credit they just offered me 2.5k limit and I used it for buying things. It was probably opened 18 months ago. I missed payment last month but paid it since. Barclays I've been with for years and am actually premier (lol) and have had loads of money going through my account but never sitting in there for long and I actually don't have to pay anything for my overdraft. Santander I have had the account for a few years but never really used it too much, it was more of a backup current account and I used it for work once where I needed to keep some things separate. They only recently let me have an overdraft and I it up the wall this month. @dx100uk Thinking about it I didn't have any real credit for a fairly long time aside from payday loans which I got into a trap with but paid off. The only thing that was a major negative on my credit file was the closed Halifax account with a balance of between -£3.7k or -£5.2k depending on when they looked at it. So what I'm saying is I don't think it was shot (though it certainly wasn't good enough to get many "normal" low-interest products. Bamboo and likely loans are, I imagine, high risk lenders in that they will give them to people with not great credit but with that comes high interest. I think one is 60% and the other 70%! These were used to try and gamble my way out . Nobody sane would take out such loans but as I've admitted I'm deluded. Livelend they were more reasonable around 13% I feel like I could have a chance with bamboo and likely about irresponsible lending and it doesn't hurt to ask. With everyone else (the credit cards) I think I should just write and offer them £1 a month and say I will review in 6 months (or is it 3? I forget the standard practice). I didn't realise that considering DRO or BR was "stupid"; The amount I owe feels insurmountable and hence this is why I was considering those options... Is it better to approach them now or wait for things to default? I don't mind if they pass them off to DCAs but I would prefer to get them to agree to freeze interest so the number owed doesn't rack up. As I've read countless times DCAs are powerless and have to work with what I offer (which, currently, is basically nothing). I still want to bury my head in the sand but I think for my mental health it would be better to get ahead of things. I guess I shouldn't care about my credit rating now. There's no reason I need to get in this position again. I know that I need to do things in writing and refuse to talk over the phone. Are emails suitable in this day and age or do I need to stick to physical letters? I think that recorded delivery isn't necessary just proof of postage? Sorry for the long post and I hope I have got my thoughts across. Thanks again
  6. i'm on happy pills (anti depressants) but they aren't cutting the mustard anymore and I do need to see my GP soon to see if he can help in anyway. With regards to gambling it's so complicated; through my life I have made money (as well as having had some jobs) being a "professional gambler" (gambling where the odds are in your favour - think card counting for example, fruit machines years ago for a long time.... Other things.) But I've also been totally compulsive at the same time. It;'s so entrenched in my psyche that it's hard to imagine just giving it up totally. I also have drug issues that have plagued me and it's a shame because I am fairly intelligent and could have been successful in life in theory but mainly due to those two things (and not really having any drive, ambition, whatever... I could go on and on but this isn't a therapy forum :P) I've not managed to. I'm 36 by the way. Cheers
  7. Oh I just remembered I have a long defaulted account with Halifax balance approx £3700 I believe (from around 2015) but they aren't chasing me for it or anything. It was actually over £5000 but they refunded me a load of unfair charges (their words) This does however push me over the £20,000 limit for a DRO I think?
  8. Hi people I've managed to get myself into a sorry state financially. I'm insanely depressed which I guess is common for many. I don't think all of it comes down to the financial stuff but it is really crushing me now. Facts: A lot of debt has been due to living on credit and gambling. I don't have a job. I know I should get one but I just totally despondent at the moment (due to many reasons) . I don't expect any sympathy but I thought I would share this. It's tempting to bury my head in the sand and wait for the inevitable calls from various collections departments but I want to be as proactive as possible. I think I've cancelled all direct debits so I don't get bouncing charges from the banks... So onto the debts: Loans livelend; £2400 was 4k 13% interest Bamboo £3000 (only just made the first payment this month) supid interest Likelyloans approx £3500 stupid interest One payday loan for £200 I just got to cover some bills (knowing that I'd unlikely be able to pay it) - this is the only thing I haven't cancelled with the bank as they just take it from your card Credit cards: Aqua approx. 3900 Capital one approx. 1200 Amazon approx £500 Paypal Credit Approx £1100 Overdrafts Santander £1500 Barclays £1k limit (I don't actually pay anything for this) So all in all approximately £18,000 I also have a negative Paypal balance of £5000 but I don't believe this classes as a debt and I don't think they can do anything about this having read up on it quite a lot. I guess my question is what is my best course of action. Should I look to do a DRO? Should I go bankrupt? (eurgh. Full disclosure I did this 15 years ago when I was 21. You think I would have learnt!) Should I write to each creditor and offer them £1 a month? Should I talk to one of the debt charities? It is all my fault that I'm in this state but I also know that it's not the end of the world because they are all non priority debts. I probably am slightly behind on the council tax but not significantly. I started claiming universal credit a couple of weeks ago and had my first appointment last week but managed to miss the next one due to not being able to sleep and then oversleeping and so I guess they've probably kicked me off that already and I might have to claim again. So yeah. I take responsibility for what's happened but I don't see any way out. I've been very depressed lately due to this and other things. There is no one to "bail me out" and I probably don't need or want that anyway. Any advice appreciated
  9. I'm not 100% sure but according to the credit report the last payment status was April 2016 so i don't think they defaulted it until then. I am going to do a SAR with them I think. I just checked again and date of default wasn't until may 2016 Some other dates; My initial OP was wrong; I lost my job Jan 2013. I had reduced my overdraft from 3k to 1k in September 2012. In Jan 2013 I increased it many times consecutively to 5000 and that's when the troubles started with the job then gambling, overdraft etc
  10. Apparently I owe WDA some money. I don't recall the loan, but it was from a time (2012 or 2013) that I had lots of pay day loans. I have paid off or resolved all of them apart from these prats who out of the blue around 6 months ago started calling me. Likely it was £100-£300 (lol) When I answer I refuse to give them any personal details "go through data protection" and say I don't know who they are. If I owe them money then send me a letter. But they don't. I mean they don't have my current address but where I lived at the time my friend lives there still so I can get any letters addressed to me there as far as I know. I was told early on to check my credit file if I don't recognise the debt but I don't see anything on there. I have told them I will report them to the FCA if they continue to call but I haven't done this. Should I? Thanks for any advice!
  11. I totally didn't contact them at all. I was getting phone calls from Moorcroft but they went silent eventually. I moved and haven't heard about this until the other day when I got a letter from Credit Security Limited. I ignored that but it made me think about it again. I received a new letter saying "Our client has indicated that they are prepared to accept a discount if you are able to make a lump sum payment. This offer is subject to an affordabilitity check......" They want me to pay just over £2k They said If I took advantage of that offer they will update my credit record as Partially Satisfied" and a "nil" balance outstanding. I am in a slightly better position than I was 2 years ago but it's still not perfect. I was thinking if they would take 500-1000 I would manage to get that paid, but I receall reading that I should have it marked as "fully satisfied". Should I deal with CSL or halifax directly? Should I ask for a breakdown in charges over the specified period? Any thoughts please? Thanks!
  12. Well I've had my first letter from them (at my new address; that was fast!) Gonna ignore them, but until when? What should I be writing to Halifax please?
  13. Well I like those last 2 posts. So I shall ignore moorcroft for now. What is the gist of the letter I should send halifax, if I send them anything? As far as I know the account hasn't even been defaulted if that makes any difference? Noddle shows it as late payment/payment behind. Thanks!
  14. Well they've passed/sold it on to Moorcroft. I don't really want to deal them but if they will take £10 a month or something I will. I could also stick my head in the sand. They don't have my new address soon but it would be easily enough to find with a credit check I would suppose.
  15. They already have my phone number, unfortunately. Fortunately they only ring once every month or so With Halifax since 2005 or so? Overdraft coincided with the start of Uni in 2008
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