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Howdy All,

 

Have any of you out there had any experience with Money Shop and trying to get them to accept a repayment plan?

 

These guys take cheques and bank details, so i've no idea how to go round them?

Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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Hiya - you might already know this, but worth giving the banks the range of the cheque book you think the cheques came from and asking them to place a stop on the entire cheque book (effectively saying anything else out there from this cheque book is potentially lost or stolen). First Direct are (at least curently) being much more helpful in working with me to stop a number of this type of company from accessing things further when they have clearly been asked not to. It is not at all easy but when common sense prevails and a realistic repayment plan ensues it is another step on the road out of the hole that these firms want to keep you in!

 

Incidentally I have even had one of them telling me not to pay a priority debt so that they can be paid in full!! (failing that could I put it on a relatives credit card!!!) :mad::eek:

 

When I can will report this to all relevant authorities!

MJC 007.5 :cool:

 

Advice or opinions offered by mjc 007.5 are personal, offered in good faith and without prejudice or liability. Your decisions and actions are your own and should you be in any doubt then please seek the opinion of a fully qualified and insured professional

 

:) If you think I have helped you please feel free to click on my scales :)

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Hiya - you might already know this, but worth giving the banks the range of the cheque book you think the cheques came from and asking them to place a stop on the entire cheque book (effectively saying anything else out there from this cheque book is potentially lost or stolen). First Direct are (at least curently) being much more helpful in working with me to stop a number of this type of company from accessing things further when they have clearly been asked not to. It is not at all easy but when common sense prevails and a realistic repayment plan ensues it is another step on the road out of the hole that these firms want to keep you in!

 

Incidentally I have even had one of them telling me not to pay a priority debt so that they can be paid in full!! (failing that could I put it on a relatives credit card!!!) :mad::eek:

 

When I can will report this to all relevant authorities!

 

 

Priority debts are foremost the most important to pay as any debt management company, cab etc., will tell you. Can you not go to the person who actually owns the company in question? You know me I go to the top now lol.!

 

bub1

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Hiya Bub1 - I will be following your lead with going to the top! I am going to send dispute letters to the ones being a pain now. They are being offered repayment proposals which will see all ten of them clear within a year and my other commitments being maintained (CCCS are at least so far very good despite being funded by the banking and credit industry!). The alternative is CCCS administered DMP with token payments only to all of them and a huge ongoing headache with no realistic proposition of getting their money back quickly!

 

Surely, common sense will eventually prevail! A few small victories (three have accepted so far) give me hope but the rest of them I think a brick wall would be more receptive!! :(

MJC 007.5 :cool:

 

Advice or opinions offered by mjc 007.5 are personal, offered in good faith and without prejudice or liability. Your decisions and actions are your own and should you be in any doubt then please seek the opinion of a fully qualified and insured professional

 

:) If you think I have helped you please feel free to click on my scales :)

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Keep on, you are getting there. Dont forget to write to your bank about payments from cancelled card/account etc.,

Hold them responsible if they pay. I have told mine that and put it in writing, but they have assured me time and time again it cant happen!

 

They can only have what you can afford, they cannot put you in debt any further as they will then be liable for hardship. When they are not classed as a priority debt!

 

Can you not get any of the companies/bank to repay to you as a gesture of goodwill money they took without your consent?

 

bub1

 

Do not forget: A BRICK WALL CAN BE KNOCKED DOWN EVENTUALLY!

Edited by bub1
missed out
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hi, i do have a loan with moneyshop as well.I havent received any letters from them until now.it's probably they couldn't get any money from me.i have reported the cheques as lost/stolen.I have already made 2 payments to them as what i can i afford,:)they've just ignored it. now i received noticed of default sums and requires me an immediate payment.

I don't know what to do.how would you be able to dispute those default sums?have you got any sample letters for this.

Any advice from anybody is much appreciated.

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Just a quick note - the majority of these sc*m bags wouldn't dare go near a court. In most cases they would be laughed out or forced to accept a payment plan. Since that is the only legal recourse they have, they are pliable.

But - they don't necessarily respect UK law and will happily flout all CCA and DCA regulations in order to get their million pounds of flesh.

My advice, based on personal experience, is to keep cool, think before you act, read the forums then hit them with the CCA and SAR letters. They may well react by operating along the lines of their own special brand of "T&C's" - attempting to scare, harass or embarrass you. But - they can be beaten. Be strong, they can't cope with that, it drives them crazy and crazy people make mistakes!

 

I would also suggest talking your bank - cancelling a cheque or debit/credit card sounds obvious - but, trust me, that doesn't guarantee the bank won't honour it anyway.

 

Eventually they will have no option but to pass the debt to a UK dca, who despite their threats are bound by UK law. In some cases that is the preferred option (rock and hard place spring to mind)

 

 

 

Especially important - you must write to them recorded delivery (and email backup is useful). Use the templates here regarding SAR and CCA, also demand no contact by phone - written correspondence only. Never speak to them on the phone. Never sign anything, print your name only.

 

Now the disclaimer! This is not legal advice, purely an assessment based on my personal experience. Please satisfy yourself of the legal position before taking any action.

 

Good luck!

 

 

ps. MJC - good to see you here - hope things are working for you!

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hey, thank you everyone for your advice and experience. Does anyone know who is at the top of moneyshop - i.e who to direct the enquiries to?

Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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Sorry this isnt really helpful, however an alterative if desperate... having spoken to moneyshop they have suggested turning the payday advance into a personal loan with them. They will apparently just switch the payday loan onto arepayment loan if you take in all required documents! i think this must be there way of trying to get people onto repayment plan.

Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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I would look into that carefully. It doesnt sound right to me, I may be wrong. It seems that it is another loan just under a different heading.

 

Just double check everything first.

 

bub1

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Hi - as bub says this is not an offer of a repayment plan, they are simply trying to get you to move your exisiting "product" to a loan!:eek: I am not sure but probably contrary to guidelines somewhere and certainly not ethical. These people are part of my pay day loan nightmare and the people in my local shop whilst suggesting it were very clear that it was very pricey and worth avoiding if possible!

 

Now for some limited individual personal circumstances I can see that this might work out - if it is affordable for you, you want to keep them from taking further "enforcement" action (or just trying to cash your cheques) and generally reduce the aggravation from at least this one firm then maybe it is something to consider.

 

However, the main point here is that they are trying to tie you to a more expensive "product" that you will be repaying much more money to them for and possibly at a level that in reality is not affordable (those of us asking for repayment plans with these cowboys are trying to set repayments at affordable levels!). I also suspect they might end up with more "rights" with a properly executed "loan" than the chequebook type lending they specialise in (but again may be wrong)

 

In most cases I think other responses advocated on this site will be the way to go and keep sticking to the offer of what you can afford.

 

Best of luck

MJC 007.5 :cool:

 

Advice or opinions offered by mjc 007.5 are personal, offered in good faith and without prejudice or liability. Your decisions and actions are your own and should you be in any doubt then please seek the opinion of a fully qualified and insured professional

 

:) If you think I have helped you please feel free to click on my scales :)

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  • 7 months later...
  • 4 months later...

These are UNBELIEVABLE! Unemployed i agreed to extra time to repay. Chequebook & card cancelled. Many weeks pass (dealing with being in financial difficulty not necessarily giving payday loans priority) then my bank honour their payment request out of the blue. Apparently a debit card transaction is like shopping in a store! I can just imagine it now: people wandering around homeless (believe me this scenario isn't exaggerated) while companies claim what they feel like in line with their t&c's. And this if people don't do anything about the payment methods disclosed when signing their agreements. IN MY SCENARIO THE CARD HAD BEEN CANCELLED - MAYBE EVEN REPORTED STOLEN I CAN'T RECALL (yet). They should be barred from operating in the UK, and if i have anything to do with it they will. Oh yes try getting the payday loan terms & conditions from the website: PAGE CANNOT BE DISPLAYED.

 

Any help/advice appreciated: together we will put a stop to this.

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I too had the usual payday loan with these people and coverted it to a loan - £1000 loan, to be repaid at £100 per month for TWO years!! I was desperate at the time so did it and it was all going well. Until a repayment cheque hit my account late and then bounced. I spoke to my bank and was told that the cheque could be represented so I assumed that they would do that. They didn't. They sent the one months arrears straight to their dc dept - 1st credit!!

 

1st credit then didn't attempt to contact me, they phoned my parents 1st!!! I then contacted them and shouted at this arrogant female who spoke to me like a turf and refused to have anything to do with them. I'm now making arrangements to pay the loan off early as I really don't want to pay them any more!!!

 

1st credit reckon they will just take the payment off my debit card.... Good luck there matey!! That card expired about a year ago and if the bank honours it then I will be after them by the short n curlies!!!

"In this situation, you know what you have to do? Just keep swimming, swimming, swimming." Dory - Finding Nemo.:wink:

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