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Did Perfectpayday loans go bust, only i read a few places that they did, but their website seems to be working now, does this mean they were bought out? i had a debt with them from August last year and it ended up going to Daniel Silverman Baliffs, at which point i worked out a repayment plan with them which i still have till October to finish paying on a monthly basis. if Perfect pay day did go bust, do i still owe a debt to the Baliffs? this is probably a really stupid question so please be gentle with me, i just need to know. thank you all and ill buy you all a hot choc next time i see you

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good question. didnt hear that they went bust, check if their license with the OFT is still valid. i would guess you would still have to pay because you are paying Silvermans and they bought the debt so its them you owe... i dont know so wait for more responses, just my opinion.

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If the debt had not gone to court then by using a bailiff service you DO NOT OWE THEM ONE SINGLE PENNY, bailiffs CANNOT use their bailiff powers when collecting common civil debt, which is what this is.

 

A lot of bailiff companies are trying to plug the gap by selling their 'advanced collection services' but they are abusing their powers.

 

You need to get a complaint into Trading Standards about the companies use of a bailiff service without having been instructed by the courts.

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Hey thanks for quick replies peeps.

so sillygirl, are you saying i should stop paying them now and then let them take me to court? sorry if i am being a bit simple with all this jazz, just trying to get my head round what to do?

 

Thanks

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Try threatening you with the 'we can take your possessions' line.

 

Contact both companies via email formally requesting their complaints procedure. When this is ignored then you go to Trading Standards via Consumerdirect and the Office of Fair Trading and complain, using bailiff firms to collect debt is becoming a 'niche' earner for the companies. It is a misuse of the bailiffs powers to state that because they are bailiffs they can take your possessions - they need a court order and for you to have defaulted on the court order (CCJ) before this can happen.

 

How much was your original loan, how many times did you roll it over. The golden formula here is the origial loan amount and one months interest.

 

I would leave the standing order in place for now. When they do not give you their complaints process then you email them and state that you believe you are being stitched up and demand a full statement from both parties, when this doesn't arrive then you should stop paying. You will have proof that you found out they were misleading you, gave them a chance to put things right and then ignored you.

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