Capital Finance 1 LTD

[saffy1967]

:|Hi all

 

I have a small mystery on my hands

 

I took a payday loan with a company called '1 month loans' and got into a position where i could not pay it back on time.

I have now took my head out of the sand and am trying to come to agreement to pay back the loan.

 

Here lies the mystery

I have received letters from a company called Daniels Silverman asking for £400+

I found an email from 1 month loans offering me a full and final settlement of less and emailed them to ask if this is still a current offer.

I was told no - but that they had passed the debt on to Clarity and not Daniels Silverman!

I called daniels and they have the debt showing for them to collect - Clarity have not made contact as yet.

 

A friend has lent me some money to clear all these bits so i will be able to make a full and final offer but to who?

 

I would like this one sorted as i have a few to sort out but cant get to the bottom of who should I pay and how much i should pay

 

Anybody come across this before?

 

Thanks

 

Saffy

[Crocdoc]

Write to the Original creditor and explain your intention, if they direct you to a collection agent, then they have no comeback at a later date.

[saffy1967]

I did that this morning

I have been getting letters from Daniels Silverman but I month Loans emailed this morning stating that Clariy have been assigned the debt

Clarity have not made contact as yet but the address on the letters that i have recieved from silverman has the address slightly wrong

[s4ddys]

Just to be clear 1 month loan ususally use Clarity, Daniel Siliverman are usually used by Capital Finance One. Are you sure you have only had one loan? If so you need to be writing to the collection companies asking for notices of assignment. If they can provide this it will prove they have indeed purchased the debt, I would be writing the 'prove it' template letter to both companies to begin with to show you do actually owe the money!

[saffy1967]

That explains it - Thanks

 

Whats a fair settlement figure - Is it original loan + 1 months interest?

Do i offer it to DCA or Original lender?

 

Thanks

[saffy1967]

I wish it was only one!

 

there were a few!

 

Thanks

[s4ddys]

If the account (s) have been passed to DCA's then deal with DCA's. Some people would suggest CCA'ing etc but in my experience this does not really get you anywhere, my advice would be if you know you owe the money then at some point you will need to repay it - be that sooner or later.Settlement figures can vary between DCA's, loan + 1 months interest is usually a good place to start, but you probably wont get that agreed, again my advice would be to get your payment plans in place (always get them to confirm in writing), pay by standing order or direct transfer and then keep on at them to agree to loan + 1 months interest. Once you have paid this amount then contact them and explain (in writing), no company on earth would take you to court for just charges - they should be grateful for what they get!!!!!Another thing to think about what you can use as leverage is if you have rolled the loan over....... If you have rolled over say once or twice, then they have already had a forture out of you so loan + 1 month should be very appealing to them.believe it or not I saw off a company in court for a loan which they tried to claim £600 for a £150 loan. I explained to the judge that I had rolled it over and reloaned to the sum of £350 in payments - he threw it out and awarded me my costs.....