Hello, A couple of questions: 1. How long do banks keep statements for bank accounts where the account is closed following Default but a debt is still outstanding from an overdraft? 2. If a consolidation loan taken out in 2005 (defaulted same year) replaces another loan and a credit card debt with the same company, will the bank have to produce details of all these accounts under a full SAR request? I've been through tons of posts on the forum but there is so much conflicting information, it's difficult to know what is the true position. Thanks in advance.

Hi all have just got a new car through Motability lease and within 2 weeks have had at least 50 spam e-mails for all types of logbook loans. Love to know where these gutter scrapers get the info from had none before I got this car. dpick

Hi, I hope someone will be able to help me. I have had quite a number of credit cards and loans in the past whilst trying to pay off student debt and haven't got the details as when I closed or settled the accounts I shredded the documnets. I am getting lost in the procedure and the more guides I read the more confused I seem to be getting. I don't know whether some of the cards are worth persuing or whether to forget about them and keep my £10 for SAR's etc. Some are quite old. I have opened an Experian account to view details but not all the cards I had have appeared and I wondered whether it was worth sending those financial institutions SARs..... A bit about my background: I was shocking with my money at University despite working every holiday that I had. I had a barclaycard through Uni and am pretty sure I backed with Lloyds. I took out a graduate loan with Lloyds and the advisor advised me to get a loan out big enough to pay my £2000 overdraft off and when I agreed a figure of £3000 with him he said but you should take out more for a holiday, new clothes for work etc - so I did. This is going back to 1999 and I was incredibly naive. I asked how many £10 charges had been applied to my account over the previous 4 years and he said "You don't want to know" and left it at that. I guess that these are too far back to claim..? I switched banks when it dawned upon me what I had been duped into. I was in full time employment with 13 weeks full sick pay up until August 2005. I then went self employed. My wife was made redundant whilst pregnant (due to company pulling out of the UK) nearly four years ago and we now have two children. My wife is unable to go back to work as the children are 2.5 years and 1 month. We are not claiming any benefits. I currently have a large credit card bill on 0% transfer until Oct next year and any money that I can claim back would be a big big help. The data that I have been able to get from Experian are as follows Egg loan started 2007 (self employed) settled Nov 2010 for 36x £320 - I don't think I took PPI out on this but couldn't be sure Egg card started 2003 (full time employment) settled July 2009- possible PPI pre ticked online ? MBNA card started Oct 2006 (self employed) - setteld 2008 - PPI? Tesco credit card started 2009 to present - don't think it had PPI on it Also had the Barclaycard at Uni and carried it on just after graduating. Had a couple of late payment fees applied plus a lot of interest down the years. Hope someone can point me in the right direction. With the birth of our second child I have been considering going to a claims handling company to help give me advice and steer me in the right direction. However when I googled Egg card PPI success this forum came up and I thought I would see if I could get help from people who know what they are talking about. Yours In Hope Zoon

[ATTACH]39233[/ATTACH] I now have a copy of the signed agreement (attached) from Everday Loans and the settlement figure which is £5,125. I took out the loan in July last year (which was a top up loan) and the total amount was £5k. There was a £300 admin fee which was divided into two payments for the first two months and then I have been paying £239 per month ever since. Apparently the APR is 32.9%. I have put the account into dispute as I don't believe the figures to be correct and I'm writing to them today with an SAR to request all statements and copies of the other credit agreements from when I first took out the loan in 2009 and then subsequent top ups. I do want to settle this account with them but I can't believe that the settlement figure is correct. Can anyone please advise? There is also PPI included in the loan which I didn't agree too. At the time, I was told I had to agree to it for them to process the loan but they would cancel this afterwards. I called the branch the following week to cancel and was told this had been done but I have now found out that this wasn't the case and I have in fact been paying £49 per month as part of the overall repayment. This is causing so much stress and I would be grateful of any further advice at this stage.

I have been served with a County Court Claim from the above for a payday loan from 1st Stop for 250.00. When this was due to be paid the amount also included an extra 87.50 for rolling over. I could not at the time afford to pay this ad subsequently ended up putting this into a debt management along with other debts. 1st stop received their share after 3 months that I had to wait while the DM was set up. After some 5 months of paying into a DM I realised that interest/charges were not been frozen and that most of the companies had not agreed to my DM plan so I cancelled by DMP and one by one as the creditors have contact me I have made new arrangements and got charges/interest frozen. I emailed 1st Stop to offer them the same as they were getting on my DMP and ever heard anything from them and now some3 months later I receive a Court Claim for 402.00 plus 35.00 Court Fee. I intend to challenge this along the lines of amount owed plus 1 months interest less previously paid when in DMP. I have read many postings on this site and it appears to me that they are going to use the Court as a form of debt collecting. I have to counterclaim by the 10th October so any advise you can give would be appreciated as I really have no clue what to do after counterclaim has been done.

Hi I have an unsecured loan with Everyday Loans with an extortionate APR rate. I don't have a copy of the signed credit agreement at present but I have requested this in writing together with a statement of transactions, as I have never received this either! At present my monthly repayments are £275 per month on a very small loan (£4k). Although I haven't missed a payment I am struggling to maintain the payments and wondered what my options are and if there's any way I can possibly get this written off? Any advice would be gratefully appreciated! Thanks

Hi, I have posted before about my problems with payday loans and I still don't feel like I'm getting anywhere! Each one of the payday companies i owe money to, knows that I am on Jobseekers Allowance and only get £56.25 a week. I have even faxed proof of this to a couple of the companies who have asked for it. I keep trying to come up with a repayment plan for each one but they're all coming back with £100, £80 a month which clearly I can't afford! Speedcredit started off at £100, I said I couldnt afford it, they lowered it to £80 which I again said I couldnt afford, they then lowered it to £50 and said thats as far as they will go. How can I possibly afford to pay that when I have other things to pay off and that is a weeks money for me! My question is can I say anything to them to make them lower it even more? I really can't afford to pay that when I don't work! Thank you!

http://www.independent.co.uk/money/loans-credit/victory-for-campaigners-as-ripoff-lenders-face-instant-closure-8223242.html One hope that the Office of Fair Trading will show a robust approach to the illegal business practices shown by certain payday lenders. I am sure that many CAGgers will have a great deal of information to send to the OFT in Spring.

during a recent move i found all my co-op paperwork dating back to the year dot! there were two loans one from 1995 that was refinanced by another in 1996 didn't have the agreements, but all the statements. did an soc sent it off. along with all the statements & the FOS CQ + covering letter detailing address changes & proof of residense at the various addresses. in MAY 2012 they acked the claim in june then responded with an offer of refund of the 2nd loan- totally ignoring the first - in july phoned their PPI helpline up [see the co-op website] questioned about the first loan they said - you sent us no proof i said i sent all the statements they looked and found them. said sorry - would get back to me got the att'd letter today. donation underway when the funds land. going after a frreflow account now. dx

Good morning people, You have probably heard all this before but I am looking for some help, I took out a logbook loan with easylogbookloans.tv not too long ago to pay some rent arrears (I had been out of work for a couple of months and I needed some quick cash and had just been offered a new job) so thought a log book loan would be the easiest option and then pay it back ASAP. Unfortunately I got the loan but after 8 weeks in the new job I was laid off due to the work drying up and as the saying goes last in first out. I have recently fallen into arrears with my logbook loan and they have sent bailiffs out for the car, the problem is a couple of weeks ago the car had an engine blow out and was going to cost me more than the car was worth to get repaired so I have scrapped it, easylogbook loans are saying if they don't get the car they will report it stolen and file for my bankruptcy and will not accept any form of payment plan I have tried to arrange with them. Can they report the car stolen as I am still the registered keeper and that this is a civil matter not a criminal matter and also can they file for bankruptcy on my behalf? Also if I make an offer of paying back say £10 and stick to it now that technically the debt is unsecured can they do anything as long as I stick to it? Just been looking and when I originally took out the loan I only had an agent sign my bill of sale with me and it was only me and him that were there I have just been told that if there was no one else there to witness this and sign the bill of sale it is void and the loan is unenforceable and they can only chase me for the money and not take the car, is this true? Thanks for any help in advance

Hi All, just received my SAR pack back from Coop (late but I'll forgive them due to bank holidays etc). In it are credit agreements for 3 loans, all are governed by CCA 1974 if that makes any difference. Loan 1 is from 1994 and has PPI, Loan 2 is from 1995 and is barely legible but has premium something which I think must be PPI however loan was £4k then this is another £900 which seems high, Loan 3 is from 2002. Loan 1 was eaten up into Loan 2. My query is that none of the credit agreements I have in front of me gave an option for PPI no tickbox or anything, can this be right? I'm fairly sure it was intimated that the PPI was not optional however its so long ago my memory is sketchy. Advice please? Would I have a case for missell on that ground alone?

http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/9615276/2000-borrowers-have-at-least-five-payday-loans.html

Hi all,just need a bit of advise please. I have 2 old loans ( from 1990s with barclays) which i defaulted on through no fault of my own, I am still paying for them through payplan. As i lost the documents for these loans i sent off £1 with a letter asking for copies of documents. I sent the letter on the 15th august 2012 by recorded delivery. After checking with the post office barclays received the letter on the 17th. The thing is i havnt received anything back from them yet(its longer then 12 days). Shall i phone them and ask what the delay is or shall i leave it a few more days or shall i send a letter of complaint.

I have setup a new basic cash account that i can use to pay Payday Loan companies to prevent them raiding my bank account whenever they fell like it. My wages will be paid into this account on the 27th of the month. I'm just not sure whats the best way to pay these companies. I know that Direct Debit is a no no from reading others experiences here. My first question is if I set up a standing order to leave my account on the 27th, will this go out before my wages get paid in? My wages generally get paid at 1 or 2 am in the morning. If i make a normal payment to another account using online banking on the 27th , will they see my account details and if so is there a way that they could go and setup a Direct Debit on the new basic account and clean that out? Thanks

Hi all Great resources and posts here, you've helped many people, hope you keep up the excellent work. First off - apologies - I've deep dived into the forum as much as I possibly could over the last couple of days but it is vast! I couldn't see anything matching my situation exactly. I also hope this is the right place to post - it was a toss up between overseas debt and student loans. I am a "Pom" living in Australia - emigrated about 10 years ago. Up until about 18 months ago I was a fairly good (if a little reluctant ;-)) Student Loans Company "patron", filling out my income assessments each year, started paying when my income went over the threshold. Yes - a few times I got into arrears and didn't always pay each month. During those times I had pre recorded phone calls and messages etc from "debt collectors", but essentially I would always clear the arrears and they always went away, after some stern tellings off. Times have been hard recently though. I've been sole income provider for my family for some time now and have copped some other "part of life's rich tapestry" unexpected expenses and events and have been struggling with my Aussie debts and mortgage, let alone the SLC one I still have reasonable earning power which looks OK on paper (which is essentially all that they look at), but circumstances are not very rosy. Interestingly they haven't hassled me much. The last payment I made when I was in arrears I explained my situation and that I was in some financial strife. They were totally unsympathetic, I felt very belittled on the phone (after being on hold for an eternity to get through to what I can only assume was a scottish, female version of Hitler) and I basically paid back the arrears in a couple of instalments after taking their medicine. My Australian credit card provider lapped up the big payment of course! That was a good 18 months to 2 years ago now. I haven't rung them or contacted them in any way since - rightly or wrongly I decided that I couldn't pay the exorbitant amount they were demanding per month, they wouldn't negotiate on it, so I decided to focus my efforts on getting myself out of trouble financially in Aus first (wolfs at the door), with the intent actually of getting a personal loan over here to pay off the balance of my student loan when I'm able to. I have ignored two requests for income assessments. I have had no threatening phone calls or letters (which I have previously had). I did get a letter telling me my default payment seeing as I hadn't filed my income assessment (which incidentally was less than the calculated amount I think!) I'm quite sure it's only a matter of time, perhaps even very short time before they take further action. But what is that going to be? I'm not a legal eagle - I'm a bit confused by my research on this forum. On one hand I see a long thread about Barclays debts being sold to Aussie debt collectors and there being no case to answer to. But I understand that this is governed by a CCA and that essentially you need a CCJ issued to an address in the UK before it can be taken through the legal system over here. Also understand the data privacy issues with selling a debt to another country etc. all of which makes it hard to chase over here. What does this income contingent loan come under? I know that stat baring doesn't apply and if I go back to the UK the debt would still stand and would come out of my pay. Would I end up in the courts over there? Can they get me over here or can I afford to take a little extra time before paying them back a lump sum borrowed from a loan over here? Can they wreck my credit rating here (which would obviously defeat my plans to borrow to pay them, and future mortgages? Do they still have to get a CCJ to start things rolling with these new income contingent loans? Can I expect calls from an Aussie debt collection service and how seriously should I take them? Please... un confuse me and help me with an informed strategy! I haven't ruled out going back to the UK to live at some stage, and do honestly intend paying this back... just need some time. Would help to know exactly what can and cannot be done to me! Cheers..

Hi there..I hope you can be of some use. I am currently a student living at home. This all started in September 2011 when I took out a Wonga loan as I was struggling for cash at the time. Since then I have had to pay them off and take more loans out from them as they want you to. I realise how stupid this is now. Since around May this year however it has all spiraled out of control. I currently owe 6 different companies various amounts which work out roughly to- Wonga- £1,200 Quickquid- £600 Speedcredit- £359 Txt.Loan- £100 Minicredit- £100 Payday Express- £300. I am a student and currently have no money...the whole thing has become a mess. What made it this bad was that I went through a rough patch of drinking and gambling in which I didn't care about the consequences. Now most of these companies are harassing me for payment and adding interest etc. Speed credit have sent threatening letters which are fairly standard I'm guessing. The rest just send emails and I get calls everyday. I had arrangements with the others but I have since broke them and defaulted with them. What should I do? I can only pay some off when my student loan comes through. Whats the best way to sort this mess and what are my rights? Many Thanks.

Hope this is the right place to post for this! If you took out a secured loan with insurance, and the company didn't make it clear to you that this would be treated as an additional loan (the insurance part of things), has this been mis-sold?

Hi Can anybody give me some advise on DNA Debt collectors? I have never heard of them or had any correspondence until I just received a call to say they are around the corner however having trouble finding myy house

Not specifically about payday loan companies but about door to door loans. Are these essentially individual loan sharks or something different? Here is the info about the programme which is on BBC1 tonight at 8.30: The economy is showing few signs of recovery, but one area of business is thriving in the current environment - door-to-door loans. Richard Bilton goes undercover to learn the tactics of the trade and the techniques that mean some customers may never pay off their high-interest debts

Hi a 1st timer but have been reading the forum for the last few days. I will try and keep this brief. I am in a joint DMP with CCCS with my wife and stupidly have taken pay day loans out with several lenders. It has come to a point where i can not pay anymore and not get anymore loans. I owe approx £6k over 10 lenders. I have defaulted on 2 and due top pay the others tomorrow. I have changed my bank card and cancelled 2 direct debits online. I need to write to my lenders and i am trying to look for a template i can use to request a payment plan without involving CCCS as they will cancel my plan that has been set up for the last 3-4 years. Any advice would be greatley appreciated. Also a template letter for the direct debit payment cancellation to my bank (Natwest) would be useful too. Many thanks and look forward to any further advice.

Hi there, Very new to all off this, but had a couple of people urging me to claim. Long story short, i got a mortgage at 21 had a few loans for improvement remortgage at 23 and brought a shop unfortunately unsuccessful, i had done a little bit of research mainly on here for companys i had used for loans what i am wondering is are mortgages paying out too ? brief history april 2001 mortgage 40000 (25yr) - paid off in november 2002 may 2001 egg loan 1yr (believe it was a yr loan) paid of in 6 months (think this was paid not reloaned) poss december 2001 egg loan 7000 (5yr) paid off in may 2002 may 2002 ocean finance 12000 (5yr secured) paid off in november 2002 november 2002 birmingham and midshire remortgage 60000 (15yr) paid off in april 2004 with a cheque for 2000 ? and was reposession when shop went soar and that was difference of what it sold for and what i accrued i debt (74,000) it sold for. They told me i was around 1800 in arrears. Does it look like i may have a claim or is it clasping at straws

Hi all, I really need some advise please. Stupidly I took out a loan with Speed-e-loan. The amount was for £250, due to unforeseen circumstances I lost my job around the time the loan should have been paid back £397.50 Feb/Mar 2011. I was paying token payments till January when someone told me to stop, as I only owe the £397.50 and nothing more.... Now Speed-e-loans are chasing an astronomical amount (well it is to me) of £1090.51 including interest and charges. (three phone calls today from them despite me requesting everything in writing) I've emailed them today stating to provided full statement and also stuck to contact in writing only and this is what I have received from Speed-e: I've attached what they sent in the email as well, this was supposed to be a statement of account but it shows no Account number or Account holders name - It could be anyone's In addition to this, the interest applied doesn't seem right as there's 3x of the 6th June, 2x 14th June there is no pattern to the charges is it daily/weekly/monthly or when they feel like it? Really need some help, Is my friend right that I only owe them the £250 plus one months interest? Im on JSA so my money is budgeted but I know I can pay the remaining £245 within two months. [ATTACH=CONFIG]38339[/ATTACH][ATTACH=CONFIG]38338[/ATTACH][ATTACH=CONFIG]38337[/ATTACH]

Just a heads up that yet another entity connected to the Larholt gang ,Web Loans Processing Holdings Limited also registered at 15 Lyndhurst Terrace has recently been set up with the named directors being the rather unnatractive(solely my opinion as i have seen a photo of the guy----urghhhh) Jordan Taylor and Kim Child. No doubt this will be used to fold another of their entities into once the time comes.

Hi everyone, I was just browsing through the internet last night (as you do when the weather is against you) and came across a site: http://www.ladderloans.c o.u k. Apparently, they are a trading name of Inventive Finance Ltd and offer loans between 6 and 18 months at around 299% APR. I've searched to see if there was any other information on them on the web but can't find anything other than [problem] checks saying the site is okay, but nobody's personal experience of using the company. Apparently, they are a direct lender as there is no mention of brokering anywhere on the site. Just interested to know if anyone's had any dealings with either them or Inventive Finance. Cheers, MB78

Having cleared through some more draws at my mothers I have come across yet more paperwork for old loans at Midland / HSBC bank. The first loan was taken out in November 1996 over 42 months. Loan was for £5500 and had £750 PPI added to it. APR was charged at 9% and obviously front loaded The second loan was taken out in November 1998 over 60 months. Loan was for £9500 and had £1697 PPI added to it. APR was charged at 9.9% and again seems front loaded. As you can see the first loan roled into the second. Pretty sure I would have had a rebate but not sure if for the interest / PPI or both. I have no other paperwork showing any refunds etc, just the initial credit agreements As per each of my previous claims I had 6 months full and 6 months half pay through work at this time, so would have been covered. The fact each of these was front loaded also helps my claim If I had put in a SAR (I actually have done) on these loans, HSBC would (and have) said they no longer carry any information. However I'm pretty sure they will magically find info that may show any rebate against either of these loans if I put in a claim. Just want to check that I have all I need to put my claim in? Many thanks in advance