Can I stop a door step collection

[Readalot]

forgot to add that 'bucket of water' could be replaced, for example, by consulting/education on matters of tort of tresspass, consumer credit and contract law. Billed, for example, 50£ for first 15 minutes and 50£/hour thereafter. Add disclaimers and other terms and conditions in small script. Instead of bucket of water hand out print out of the contract and suggest them to fix on their door too.

 

Plenty of space for improvisation here. Just need to get a billing address or company name from your customers. Need to know where to send invoices and court summons.

 

Hell!!! This could pay my rent!

 

;-)

[The GodMother]

lol Readalot has defently caught the CAG sickness bug.

[Readalot]

guilty as charged

[overdone]

i thought that as far back as 2003. We had the same collector for Provident and Greenwoods then.

I still rely upon Provident and they recently increased their interest rate from something like 178per cent to 230 percent or something weird.

[Readalot]

I still rely upon Provident and they recently increased their interest rate from something like 178per cent to 230 percent or something weird.

 

230% As mathematician I find that this is horrible. Do you realize that with such interest your debt doubles about every 4.8 month. Leave it untouched for 4 years and 1000£ of debt will grow into cool 1 000 000£ yes this is one million in just 4 years!!! (just approximate, quick, in mind calculations)

 

If I had my way on this I would criminalize any interest above 15%. And I would criminalize any interest rates above 0% as well, but I better not. Central bankers would assassinate me for that.

 

I do not know your circumstances and I mean no offense, but IMO this is insane to pay such interest.

Edited November 3, 2009 by Readalot
fixed some typos, not 10 year, but just 4, or 10 periods of 4.8 month each.

[overdone]

Found the loan.

Borrow £300.00,

Int. £204.00,

Total £504.00

56 weeks at £9.00

[Readalot]

Found the loan.

Borrow £300.00,

Int. £204.00,

Total £504.00

56 weeks at £9.00

 

well.. obviously in my example it is complex percent i.e. 'if you leave it untouched'. In your example it is simple percent, you are paying interest plus a bit more, every month and it appears to be just 30% or less per annum. Still a lot, but not insane as 230%.

[bigegg]

would that mean that the CCA is unenforceable since it quotes an incorrect interest rate?

[scared001]

i wish we could all do something to fight this terrible antisocial behaviour we get from DCA, why is the gov not doing anything about it? theres a flipping recession, weve just had to bail the banks out AGAIN and still they cant control these sewer rats. i despair.

[overdone]

you are paying interest plus a bit more, every month and it appears to be just 30% or less per annum. Still a lot, but not insane as 230%.

Wrong, the agreements for these loan amounts quote 189.2 percent or thereabouts.

Edited November 3, 2009 by overdone
correction

[bigegg]

new ones (last month or so) quote 230(ish) % - payments over 50 weeks, rather than 57

[Readalot]

Wrong, the agreements for these loan amounts quote 189.2 percent or thereabouts.

 

180% per annum or per 56 month (nearly 5 years) ?

[bigegg]

weeks - not months. provident (AFAIK) only do loans over about a year

[overdone]

180% per annum or per 56 month (nearly 5 years) ?

Weeks not months. I am about to scan an agreement I have since paid off early so you can see a typical CCA from them.

[overdone]

weeks - not months. provident (AFAIK) only do loans over about a year

You can get loans over one and a half years and also two years with them but you need to have been with them a couple of years before they will trust you with that. Big loans cost about 133percent a year.

[bigegg]

is that what they tell you? or what it ACTUALLY costs? cos I think we've already established that the 180% is wrong by a factor of 6

[overdone]

is that what they tell you? or what it ACTUALLY costs? cos I think we've already established that the 180% is wrong by a factor of 6

Does this help?

 

Providentagreement picture by overdone1 - Photobucket

[bigegg]

That shows 189% APR, but it's not even close - £426 on 600 is nearer 89%.

 

Does this make the CCA unenforceable???

[overdone]

That shows 189% APR, but it's not even close - £426 on 600 is nearer 89%.

The debt decreases by £18.00 per week. The outstanding balance goes down weekly. I think to work out the actual APR requires specialist application.

[fight4myrights]

May I offer the following:

 

Have the following text fixed next to your front door bell.

 

"The following does NOT apply to invited visitors with appointment, friends, family, neighbours, emergency services, those asking for directions and postman

 

By ringing this bell or knocking on my door you are requesting informal 'bucket of water' service. Which is especially valuable during hot weather. This service is performed in form of a bucket of cold water splashed on you in exchange for 35£. After the service is provided please kindly leave your billing address so that I can send you a bill for this service.

 

By ringing the bell or knocking you accept the above contract.

 

"

 

Have a bucket of water ready, once they knock ask if they are postman or asking for directions or younger than 18. If not, use the bucket of water on them and than ask for billing address.

 

Works well not only with DCA's but also with all the beggars and salesmen.

 

Could be a good income source on streets popular with door to door salesmen and other door to door beggars.

 

;-)

 

BRILLIANT THANKS. A laminated bright yellow sign will be on my door by this afternoon.

[fight4myrights]

Got my sign on the door and will let you know if the get a drenching.

[bigegg]

The debt decreases by £18.00 per week. The outstanding balance goes down weekly. I think to work out the actual APR requires specialist application.

 

 

Javascript APR Calculator - Equal instalments

 

gives 189.2% so looks like quoted APR on provident loan is about right.

 

I realised where I went wrong:

 

I guesstimated £426 on £600 over a year = 426/600 % = about 66%.

 

but: it's an average of £300 over the year (because it starts off as 600, but reduces to £0).

 

so interest is 426/300 = 125% + compounded on weekly payments.

 

 

oh, and guidance to calculate APR is here:

 

http://www.oft.gov.uk/advice_and_resources/resource_base/legal/cca/apr

 

not for the faint hearted!

[overdone]

Javascript APR Calculator - Equal instalments

 

gives 189.2% so looks like quoted APR on provident loan is about right.

 

I realised where I went wrong:

 

I guesstimated £426 on £600 over a year = 426/600 % = about 66%.

 

but: it's an average of £300 over the year (because it starts off as 600, but reduces to £0).

 

so interest is 426/300 = 125% + compounded on weekly payments.

 

 

oh, and guidance to calculate APR is here:

 

The Office of Fair Trading: Credit charges and APR

 

not for the faint hearted!

Well done for sorting that out. Provident recently increased to 230percent.

[bigegg]

and back to the original question.

 

If anyone turns up at your door, I don't recommend assaulting them by throwing water.

 

Hand them this:

 

Please be advised that I am only prepared to communicate with you in writing. OFT rules and regulations clearly state that you can only visit me at my home if you make an appointment and I have no wish to make an appointment with you. There is only an implied license under English Common Law for people to be able to visit me on my property without express permission; the postman and people asking for directions etc (Armstrong v. Sheppard and Short Ltd [1959] 2 Q.B. per Lord Evershed M.R.).

 

Therefore take note that I revoke license under Common Law for you, or your representatives, to visit me at my property and if you persist in sending "doorstep callers" to my home, you will be reported for harassment and be liable for damages for a tort of trespass. You would also be liable for conspiring in a tort of trespass by acting in defiance of my instructions and sending someone to visit me nevertheless.

 

Please be aware that any visits to my property by your agents may be an offence under the Public Order Act 1998, Section 4A, "behaviour causing another person harassment, alarm or distress. " and WILL be reported as such to the police.

This offence is punishable with up to 6 months imprisonment or a fine at level 5 on the Standard scale.

 

I don't know who wrote that originally (curly ben?) but the last paragraph is my own.

 

Please feel free to use as you see fit.

[Rymitch]

Quote

Please be advised that I am only prepared to communicate with you in writing. OFT rules and regulations clearly state that you can only visit me at my home if you make an appointment and I have no wish to make an appointment with you. There is only an implied license under English Common Law for people to be able to visit me on my property without express permission; the postman and people asking for directions etc (Armstrong v. Sheppard and Short Ltd [1959] 2 Q.B. per Lord Evershed M.R.).

 

Therefore take note that I revoke license under Common Law for you, or your representatives, to visit me at my property and if you persist in sending "doorstep callers" to my home, you will be reported for harassment and be liable for damages for a tort of trespass. You would also be liable for conspiring in a tort of trespass by acting in defiance of my instructions and sending someone to visit me nevertheless.

 

Please be aware that any visits to my property by your agents may be an offence under the Public Order Act 1998, Section 4A, "behaviour causing another person harassment, alarm or distress. " and WILL be reported as such to the police.

This offence is punishable with up to 6 months imprisonment or a fine at level 5 on the Standard scale.

 

This looks like a good idea but this bit"There is only an implied license under English Common Law"

How dose this apply in Scotland