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Tower Capital Pay Day Loan - any dealings?

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Has anyone had any dealings with this company?

 

I have received an email today threatening a Default Notice and details being entered onto my credit file.

 

I guess clearly a threat given it was just an email?

 

I have asked for their address so that i can dispute the account, they have ignored that part of my email! Does anyone have their address to hand please?

 

I have said I will pay them weekly on my terms £1 a week should do it shouldnt it LOL! :D


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Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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I've never dealt with these guys however they always ignore what you say in the emails, they like to reply with call us on. They won't accept £1 a week, they will refuse it as they want full payments. Cancel your card if they have your details.

 

Address for them is:

 

TOWER CAPITAL LIMITED

16 QUAY STREET

NEWPORT

ISLE OF WIGHT

PO30 5BG


August 2010 - Debt Relief Order Ends! :)

Complaint with FOS re: Bank Charges - Financial Hardship

 

Email me for advice on DRO/DMP

 

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Hello,

 

I have a Court Summons for over £400 from these guys for a £100 loan.

 

It looks like it was filed online through the money claim site.

 

My wages got paid into another bank account, however they still took £50 that was remaining in my old account, with 2 separate debit card transactions.

 

Just to set an example, I will fight this little battle, even if helps to get some government regulation, so any advice would be welcome.

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Hello,

 

I have a Court Summons for over £400 from these guys for a £100 loan.

 

It looks like it was filed online through the money claim site.

 

My wages got paid into another bank account, however they still took £50 that was remaining in my old account, with 2 separate debit card transactions.

 

Just to set an example, I will fight this little battle, even if helps to get some government regulation, so any advice would be welcome.

 

Good on you for taking these guys on, I wish I could of but I went for the Debt Releif Order option instead. The gov needs to crack down on these loans, they are as bad as loan sharks. My wonga loan went from 250 to 650 within weeks, luckily they froze the interest. :-D Best of luck and keep us posted


August 2010 - Debt Relief Order Ends! :)

Complaint with FOS re: Bank Charges - Financial Hardship

 

Email me for advice on DRO/DMP

 

If I have been of any help, Please tickle my scales

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I have no idea how to go ahead with. I admit I owe them money. And I just want to pay the money I owe, but none of these made up charges. They have issued a court order in less than 3 months, taken random money from my account, and not even suggested a repayment plan.

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Well you will need to file a defence against them. I think you can respond online and you have to do this within 14 days, so leave it untill the 12th day to buy you some time, and then you need to file your defence to the court within 14 days, effectivifely giving you 26 days to prepare your case. In your defence, they have an unfair rate of interest, do you have any special circumstances i.e lost your job, very low income etc as this all works in your favour. Can you prove you have contacted them numberous times via email/post? from what I have read today, Payday loan companies withdraw cases before court because they don't want to go before a judge to explain their interest rates.


August 2010 - Debt Relief Order Ends! :)

Complaint with FOS re: Bank Charges - Financial Hardship

 

Email me for advice on DRO/DMP

 

If I have been of any help, Please tickle my scales

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I'm about to log on to asked for more time for my defense, however it will not except the password supplied!

 

No payment plan has been offered. I will only admit to the loan, plus intial interest, minus the money the have already taken.

 

As I have had a few weeks off due to flu (making me 2 weeks wages short) , I will ask that to be taken in consideration.

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I had a loan with these jokers and cancelled my card yet natwest still paid them even though i told them not too. i then got a letter from natwest saying i owed them as they had paid it.

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When I got home last night I had received a letter sent 2nd class threatening me with a Default Notice for a loan I have with TC.

 

Given that I am paying this around £10 a month (£5 two weekly - though have not stuck to that rigidly) they have now sent me this.

 

Its a typed up Default Notice on A4 paper asking me to READ THIS CAREFULLY!

 

The original loan was for £100 with charges of £24, I then defaulted so they slapped further charges of £261.

 

The letter basically says that I have until 2nd Nov to clear arrears or they will hit me with a DN.

 

Can they do this first off given their interest rates etc., etc., and I am paying them back at a rate I can afford, so can they do that as well?

 

Any help greatly appreciated, I know that there is a strike today but would like to get something off to them in the post to tell them where they can stick their potential DN! Thanks LL


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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What are the charges for? How do they explain them? What do they say in their terms and conditions?

 

This level of charges sounds very excessive to me and could well be unlawful under UTCCR


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I am assuming that the charges are for late payment fees etc., as the balance of £124 was due end of July and I didnt pay it

 

Would the details of the charges be given on the typed up warning of the DN?

 

Can I send them a letter telling them the account is in dispute as I think the charges are unlawful?

 

Will that stop the DN being issued (if there is one!) as I don't want another one added to my credit file - assuming they will add this.


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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Just to also add to this I have paid £30 off the £124 owed so far so they are trying to add the charges and issue Default Notice when I have been paying this back!


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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bump


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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Can someone please help me re this....

 

http://www.consumeractiongroup.co.uk/forum/payday-loans/227581-tower-capital-default-notice.html

 

I need to get a reply in the post asap especially with all the strikes going on, thanks LL


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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I received a warning default notice letter that gives me until 2nd Nov to cough up! I am paying them £5 every other week on a £100 loan with their £24 interest plus their charges of £137 which I am about to dispute.

 

How do I go about getting this DN stopped???


CapQuest Stat Demand ~ WON :D

 

Vanquis Overlimit & Late Payment Charges ~ F&F Settlement received - 2nd June 09

 

Welcome Finance CCJ ~ Set Aside 22nd May 09 ~ WON :D CCJ SET ASIDE WHOO HOOO!!!!

 

Capital One Charges & Default Removal ~ ongoing

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3 threads merged to keep them all together - please keep to 1 thread for each issue, or reading the background is difficult and you might get conflicting advice.

 

I'm not sure there's anything you can do to stop the DN, if it is issued, but do you know if the debt is challengable? You can send them a CCA request to get a copy of the agreement, you can send a DPA SAR to get all the account details regarding charges and challenge those. If the account isn't enforceable (cross that bridge when we come to it) or their are unlawful charges, you may be able to challenge any Default that is registered after a DN is issued.

 

I take it that you aren't in a position to repay what they are asking, as that could avoid the hassle of fighting the Default in the first place? If you're unsure as to whether you owe this amount, probably best not to anyway?

 

HTH.


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I don't understand what the issue is here...? Did you take a loan out with them? Surely just pay it back and avoid the DN?

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Hey guys,

 

think i might need some help on these guys.

I have offered £10 per month for a balance of £477. The loan was for £220 before i hit financial difficulty last year. The s/o is set up for this month but i have recieved thos mail today:

is this valaid and what should i do next?

 

Dear

 

We write to advise you that Judgement was been issued against you in the Northampton County Court on the 5th February 2010 . The Court sent the claim form to you by first class post on the 5th February 2010 and it will be deemed to be served on the 10th February 2010. You have until the 24th February 2010 to reply.

 

The County Court Judgement Claim Number is which can be confirmed by Northampton County Court by calling them on (0845) 6015935,or by visiting their website at www.hmcourts-service.gov.uk .

 

What options are available to you?

 

v Repayment of the County Court Judgement balance within 7 days from the date of this e-mail, with a concession for immediate repayment. The County Court Judgement can then be revoked if payment is received within 30 days from the date of entry.

 

v Reply to the County Court Judgement balance claim by the time stated above.

 

v Contact our Litigation Team on (01202) 203180, or e-mail CollectionsManager@towercapital.co.uk to make arrangement for repayment

 

What could happen if you ignore this e-mail?

 

As a matter of course we will be requesting that your County Court Judgement is entered against you, in order to make the enforcement process as swift as possible.

 

How can the Judgement be enforced?

 

In order to recover the outstanding amount of your County Court Judgement, we may apply for one of the following methods of enforcement via the Courts.

 

v Attachment of Earnings Order – repayment via your employers directly from your income.

 

v Warrant of Execution- the case will be passed to a Court Bailiff to visit you for repayment or seizure of assets.

 

v Charging Order- to place a charge on assets of value so that they can not be sold without repayment of our debt.

 

v Any other method of enforcement process available via Her Majesty’s Courts Service.

 

Please contact our Collection advisers on (01202) 203180 quoting the above reference number to avoid this matter developing further. We understand that circumstances may have dictated the necessity for us to apply for a County Court Judgement however without your participation this matter can not be resolved amicably.

 

Kind Regards

 

 

 

 

On Behalf of Tower Capital Limited.

Edited by skyblue2027

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Did you receive the claim form?

 

You may need to get set a side if you didn't (possibly even if you did).

 

Tower generally have their claims struck out if you defend as they don't bother persuing.

 

You may need some advice on the legal forum. Keep posting

 

You might also want to remove your claim reference as Tower will be able to identify you.

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Hi Robjam,

 

thanks for your advise and noted re: the reference number.

no claim form has been received yet but i have not checked the post today.

What should i be doing next?

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This looks fishy to me. I would ring the court and ask them to confirm that a claim has been issued. You won't be able to access on line without the password that comes with your claim package.

 

Looks like they don't a have judgement as the claim date is quite recent so looks like they are trying to frighten you into paying. I defended against these lot and their case was struck out as they ignored the courts directions.

 

You have a limited time to respond so you need to check the validity of the claim to start off with and get your password so you can deal with on line. I would PM a member of the site team to move your part of this thread to the legal forum.

 

Don't let them get a judgement by default. You need to sort out the claim issue urgently.

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I am currently in court with these jokers and the judge has decided that the best action is the small claims track i am just waiting to find out what date i have got my phone hearing im petrified dunno what im going to say or anything lol

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The claim forms came yesterday. ill ask to move this to the legal bit. ive applied to extend the time so i can defend.

what is my next course of action, please?

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I thought I would give a word of warning about this company. Tower Capital are right cowboys. If you get in trouble with them just keep an eye on your credit file with the credit reference agencies.

I took a loan out with Tower Capital back in 2000. I defaulted on the loan due to having a motorbike accident and being unable to work. The payment protection wasn't worth the paper it was written on and so they started to pile on the charges and the threatening letters. In 2002 I agreed a payment plan with them and thought everything was back on track.

Everything was going fine until out of the blue I had a court summons from that online Northampton court. They were now taking me to court for 4 times the loan amount. I asked tower capital to provide information so I could defend myself, I got the information the day before the court case and the information they sent was 95% complete rubbish. It was as though they had complete made up most of the documents and the worst bit was they had claim I had taken out 5 loans with them over the years?! They won the court case because I could not figure out how to defend against it.

However in 2007 I went bankrupt (of which they were included), a year later I started going about sorting out my credit files. To my amazement the Cowboys tower capital are still at it. They have marked my credit file with all the credit reference agencies with new loans in 2005,2006, june2007, oct2007, and 2008. The only loan I took out with them was in 2001 and have no idea what these other ones are, and they can't seem to send me any prove that I did take out the loans or reloans, as they called them. The worst bit is that they have marked me as taking out loans during the time I was bankrupt, which is illegal and could get me in a lot of trouble with the courts.

I have tried to deal with the credit reference agencies, but they respond by say they can't do anything about the entries made by companies on my credit account. I have spoken with the ICO and trading standards by no one seems to give two hoots. It seems companies like tower capital can do as they please.

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