toothfairy payday loan unfair treatment and threats

[sillygirl1]

Hello to the 5 guests at 4pm on a Tuesday afternoon.

 

What you MUST do is phone the Office of Fair Trading and Trading Standards and remind them that these companies are under investigation, that will get them rattled.

 

You must stop thinking about how you dont understand how they operate - you need to follow the tried and tested route on this forum.

 

1. Any phone calls tell them the call is being recorded (even if it isnt) and you want everything in email

2. They are NOT bailiffs and cannot come round without a court order to take your stuff

3. Keep complaining to the OFT, Trading Standards and MP Stella Creasy who is quite powerful in this area

4. Sit back and unwind - they like to get you in a state so you give them everything, they are entitled to the original loan amount and one months interest - the original loan term (the original month) has ended and therefore the contract cannot extend beyond this period without consent on BOTH sides. You have not consented to extend so therefore they are the ones who are stuffed.

[HANLEY40]

I am also gettin emails from NDR and the bailiffs, will they actually come to my house? I dont understand how to solve this without just giving in and paying the excess charges?????? :-(

They wont come round.12 Months on they are still telling me they will visit....

[HANLEY40]

Thanks SillyGirl1 we know all this but 12 Months of phoning OFT and trading standards.It is 12 months this month...

[HANLEY40]

http://www.independent.co.uk/news/business/news/oft-launches-inquiry-into-payday-loans-7440676.html

 

Yesterday The Office Of fair trading launched investigations into Payday loans.Not Good Enough, I will be trying to interview David fisher of OFT for an interview.I want to know why it has taken a year and your inactivity should count for aiding and abetting criminal activity because as regards to Toothfairy you knew about them in 2010!!.Yes i am like a rabid dog...

[coledog]

What we did when we found out OFT were investigating HFO and Co was to contact the OFT person in charge and 're-send' our original complains for their attention and they did then pick up on these. Also get anyone affected by a PDL company to submit a complaint now and mark it for the person in charge

[HANLEY40]

BBC Radio 5 Investigations AGAIN announce they will do a documentary on Payday loans THEN OFT acts.Sunday 26 February. 9pm.They were the only people that offered to help.Take a look at OFT press release item 9 at the bottom mentions CIM Technologies(Toothfary Finance).

 

http://www.oft.gov.uk/news-and-updates/press/2012/11-12

 

Journalists sometimes get a bad press and rightly so but without 5Live Investigations nothing would be done...

[42man]

Why are you recommending a debt management company who charge / take commission where organisations such as CCCS and Payplan do it for free....

[DonkeyB]

Sorry 42 man, I alerted you guys re the troll...

[sillygirl1]

Trolls are having fun today, I had a [EDIT] on another site try and wind me up, I reported him and he was removed. It must be time for them to go back to hibernation - apparently they don't like sunshine.

[HANLEY40]

What we did when we found out OFT were investigating HFO and Co was to contact the OFT person in charge and 're-send' our original complains for their attention and they did then pick up on these. Also get anyone affected by a PDL company to submit a complaint now and mark it for the person in charge

 

Thank You I will be speaking to them tomorrow.You Gotta love trolls.Debt Management company.I knew it was iff NDR refused a payment arrangement!!Lol.Toothfairy refuse ALL payment arrangements and I said well how will you take repayments.They are way stupid..

[Grin74]

Last response has gone. Changed number. I had the misfortune of watching daytime TV the other day. Far from discouraging these companies, EVERY SINGLE ADVERT was either a claims firm or a lending company. Total joke. It has not changed. They will never,ever go to court because they know that their charges will never be recognised by a court of law. Of course they refuse any sort of repayment plan - this gives them, in their eyes, time and reason to add totally disproportionate charges. Explain to me the difference between some burly bloke knocking on your door and threatening you and a company making claims and harassing you via various media? There is none. But these companies try to make you think they are carrying out their business in a right and just manner. Rubbish.

[HANLEY40]

Thats why Grin I am doing something unheard of.Started legal action against the staff of the OFT and trading standards.They had 12 months we reportedCRIMINAL ACTIVITY..tHEREFORE UNDER THE EYES OF THE LAW THEY ARE AIDING AND ABETTING CRIMINAL ACTIVITY.They will receive it in writing Tomorrow.I dont care anymore I want someone in handcuffs and I dont bloody care anymore..Fed up of Coalition government type platitudes Im done let the law decide.My chief constable is only now thinking of action because I have my own tv channel.You couldnt make it up...

[steuts1]

Hi Guys..first post .... I have had a problem with theses guys for what seems forever, all ofthe above emails and texts I have had akso, original debt of £300 in May last year now standing at £2500 !! I wont take their calls anymore. I only send same email reply, stating only will pay orignal sum and one months interest only nothing more.. I have asked them to take me to court on numerous occassions and nothing.. I did get in touch with OFT and they asked me for all paperwork and I did send them, I then was asked if I would sign a witness paper so the info could be used, which I of course did. I was also asked not to inform Toothfairy about it, as it could jepodise any case brought agaisnt them. That was about 6 months ago and I have not heard anything from OFT since. As for Toothfairy, they can text, email and call all they want and if they catch mein the right mood I may well email them back Oh and one more thing..I did ask them for CCA and they did indeed send it back to me,however it was the writing was that small no-one could read it without a magnyfying glass..I kid you not. Have kept it along with all the other stuff in my little (well big really ) Toothfairy File, ready and waiting for judgement day in court.

[Grin74]

In light of the widely reported OFT findings and warnings to Wonga, do we think it may be prudent for a more broader sweep of these companies? The reports refer to Wonga having sent emails suggesting they would be contacting the Police as they believe fraud had been committed by certain individuals. I, for one, have received numerous from Toothfairy (or their affiliates) stating exactly the same. Or, which seems more likely, will it take the OFT months or possibly years to investigate these companies. It seems to me that they start unlicensed, get a slap on the wrist, flout or bend the law, get a slap on the wrist and only after this time - when they have received significant income from their bullying and illegal actions - do they start doing business in an appropriate way.Shocking.

[HANLEY40]

NEWS I have Contacted OFT this morning and As a Body Corporate I have asked them to begin Proceedings against Toothfairy Finance to revoke their licence.And My clincher was if they dont prosecute then i will prosecute the staff of the oft because they are aiding and abetting criminal activity.They have 7 days to react.

[steuts1]

I love it.. hopefully something will be done against these companies..the government are on record as saying something must be done to stamp this kind of behaviour out but as far as I know thta is all it is a record !!! Something has gone really wrong somewhere along th eline.. all my children are adults, all are working full time and bringing home decent wages, but even they have had to look outside what is the "norm" for car finance, loans, credit cards etc.,, as they have no credit history they cant get finance anyway so have to look outside what used to be the first place to look ie your own bank,, so having to pay inflated interest rates on what they do get.. its just so wrong

[sillygirl1]

I know, yet they are happy to lend to eachother at reduced rates (the bond market) and lend to big businesses who then farm out their admin jobs abroad, thereby creating this econdomic downturn as UK people then become unemployed.

 

The OFT needs more teeth to be able to stop this murky market killing our country. The blight the PDL type shops have on the high street - along with Brighthouse, needs to be stopped.

 

The CRAs need to be disbanded as not fit for purpose and a new system set up where only relevant data is stored for 3 year,s not 6, and that only the original creditor can make a mark on our files. If an original creditor sells on the debt then they should offer a discount before the sale, I am sure both parties would benefit from that approach.

[steuts1]

That is definelty what is needed sillygirl...something must be done and sooner rather than later.

[sillygirl1]

Something has to be done, now the banks have been given cheaper credit I wonder what criteria schemes they are dreaming up.... certainly not to help self-employed people with a new business, nor any type of new business I bet.

[HANLEY40]

I will keep you updated.Speaking to the OFT again tomorrow.Plus some of the banks.Two years of research I am so angry at times speaking to these people I surprise myself.Trading standards have now replied.Its good to be a "Body Corporate"..