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About Nihil

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  1. Actually it depends on the bank/merchant, all credit card transactions can and very likely will be reversed. Debit card payments are a little bit more tricky, and banks are not obliged to issue charge backs. Many banks will credit the funds to you immediately, then they will send out a charge back letter to the address provided by the merchant. At this stage no funds will have been reversed, the bank will essentially be lending you the money on faith that the claim is valid. If the charge back isn't challenged , the money will then be returned from the merchants account. If it is cha
  2. I'd probably put this in your own thread with all the background history supplied. Sounds dodgy, and posting it in someone else's thread will confuse things further as most readers will assume it is related to the OP's problem.
  3. Of course they are a low priority creditor, I can't think of anything that would ever be lower priority, however has the OP shown any evidence to the creditor that this council tax arrears actually exists? Or that their situation would not allow them to repay the loan on time? If someone takes out a short term loan, then requests a payment plan within this time frame having claimed a substantial change in circumstances it is reasonable to request evidence. This is what the OP seems to have refused to provide Peachy. Your advice is also quite poor, you could phone any of those free de
  4. And yes, much of the advice provided on CAG is incorrect. A co-worker actually directed me to these forums for this very reason, on seeing some of the advice given to forum users her exact words were "people should require a license to post on the internet". Quite simply these are internet forums, and like all internet forums a lot of different users will post or perpetuate information sometimes with somewhat dubious working knowledge of the actual topic. I also don't really understand the relevance of your references to the information I'm posting, or the age of this account. Nor is
  5. My information was quoted directly from national debt line, and conflicts with your own advice, so I do not believe your advice is the same. In regard to the OFT, they advise only that creditors allow for "alternative, affordable, repayment amounts when a reasonable proposal is made by a debtor". In this case Peachy have given contact information for free debt advice agencies, and they've requested an income and expenditure form be completed to set up a reasonable payment plan. They've then essentially just quoted verbatim their terms and conditions in regard to charges because they aren'
  6. Unless it was one of the "do not reply to this address, it is not monitored" kind of addresses, you should be fine. Even then if it was not clearly marked as such, listed as a point of contact on their website or given to you by an employee you'll probably still be fine. Might be worth sending them some kind of letter challenging their claims, highlight that you have evidence of cancellation and that the bank supported you in reversing the funds and see what they say. I'm not sure who would be best to go to regarding this if they continue pursuing this, maybe give citizens advic
  7. I find it strange that this is how you interpreted my post, but hey. Also, there is no point stating "I don't dislike them", and then essentially saying you dislike them in the very next breath. Some do engage in border-line illegal behaviour (and a few companies like MMF very likely cross that line at times), but this thread is not about that. This thread is about a specific lender offering a specific balance for a payment plan, and the OPs options in this regard.
  8. If you have proof of cancellation I really wouldn't worry about it to much, if the challenge the charge backs you've got the emails to fall back on so the bank won't undo their decision. They are more than likely just annoyed because the charge backs cost them money, as they'll be charged by their bank for it. It's their own fault for being silly enough not to cancel it in the first place or issue a refund when due though
  9. This is probably going to depend on your situation, when you say you suspended your account... Did you call them to do this? Go in in person? Do you have any kind of idea of the time or date, and are you 100% sure it wasn't something you forgot? And most importantly, what reason did they give for refusing the refund? If it was along the lines of "we have no record of your cancellation", you may be in a sticky situation. Is it a major gym with the resources or expertise to actually pursue the debt, and do they have a history of doing this?
  10. They usually only add an arbitrary time limit to prevent people saying things like "I want a payment plan that starts in June". In regard to making £20 payments on the basis that they will clear an unspecified amount, it's usually best to get them to state exactly how much they will discount for keeping to the arrangement. Reviewing the arrangement can also sometimes mean they will threaten to fail it if payments don't increase after the set period, not a particularly nice tactic but one that is hard to fight against if you've agreed to it. £20 over six months is also £120, if you th
  11. (Please note this is not aimed at you renegadeimp. I can see you obviously have a dislike for finance companies and I admire that, I'm simply offering some free advice to the OP.) For the sake of brevity I'll simply post a link to the below page and quote from it as required: nationaldebtline.co.uk/england_wales/page.php?page=35_options_for_dealing_with_your_debts (removed prefix due to my post count being too low) The first underlined part is essentially the reason they requested an income and expenditure from yourself, so they can establish exactly how much is rea
  12. I'm going to highlight the most important aspect of their reply email: Have you spoken to any of the organizations they provided contact information for? Given that you are apparently unwilling or unable to provide evidence of a change in your circumstances their offer seems reasonable.
  13. "Overheads" mean the costs associated with chasing and collecting a debt. If you do not pay x amount for a certain amount of time and they have to employ staff to chase you, pay for contact information to be updated or for legal advice in regard to taking you to court then your balance will increase accordingly. You can argue whether or not the charges are fair or reasonable, but they exist and are likely detailed in the terms and conditions of the original loan or available upon request. No. This. I'd advise against simply offering an arbitrarily low amount
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