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    • So trying to negotiate a re payment on an alleged unproven debt is not outside of the guidelines laid down in the codes of practice as governed by the SRA ?
    • Current Accounts.   https://www.adcb.com/Images/Offshore_TC_tcm9-22214.pdf   Governing law All matters pertaining to an Account and these Terms and Conditions shall be governed by and construed in accordance with the laws of the Island of Jersey and the Account Holder irrevocably submits to the exclusive jurisdiction of the Island of Jersey. Any dispute or difference between the Bank and/or the Abu Dhabi Commercial Bank Group and the Account Holder arising in connection with an Account, any funds therein or these Terms and Conditions will be submitted to the exclusive jurisdiction of the Island of Jersey   Credit Cards   https://www.adcb.com/en/personal/cards/default.aspx   T&C,s   https://www.adcb.com/en/terms-conditions/default.aspx   Eg for one type of card.   29. Governing Law and Jurisdiction 29.1 Which laws govern the relationship between you and ADCB? These Terms and Conditions and any non-contractual obligations arising out of or in connection with them are governed by the federal laws of the UAE and by the laws of the Applicable Emirate.   If there is a dispute between you and ADCB, you irrevocably agree that the courts of the Applicable Emirate will have (save for the exceptions granted in ADCB’s favour below) exclusive jurisdiction over all matters arising out of or in connection with these Terms and Conditions or their subject matter or formation including any question regarding their existence, validity or termination. For the avoidance of doubt and solely for the benefit of ADCB in its sole discretion, you also irrevocably agree to submit to the jurisdiction of the DIFC Courts (including without limitation the SCT) and the ADGM Courts (and any ADGM SCT operating from time to time). If ADCB decides to commence a claim against you in the: (A) SCT, you and ADCB both expressly agree that such claim may be made for any amount up to and including AED 1,000,000, or for such greater amount as may be within the jurisdiction of the SCT from time to time; or (B) ADGM SCT, you and ADCB both expressly agree that such claim may be made for any amount as may be within the jurisdiction of the ADGM SCT from time to time. The two paragraphs above are for the benefit of ADCB only. ADCB will not be prevented from bringing proceedings relating to a dispute with you in any jurisdiction outside the UAE (and for the avoidance of doubt, this will include any jurisdiction in which you may be (or have been) registered, incorporated, resident, domiciled or hold assets). To the extent permitted by Applicable Laws, ADCB may bring, issue, commence or pursue concurrent proceedings in any number of jurisdictions without limitation.  
    • Well first of all it is very decent of you to be so concerned and so honest about this. I'm sure that you are in a very small minority of people who would be prepared to pay an historical debt like this. I think the best thing to do is to write to TfL and explain the situation to them and ask them for an assessment of what they believe they owe you. By doing this, I think that they will simply be overwhelmed by your honesty – and they may not even know where to file it! It certainly would be a fairly serious thing if you are caught – but now you have clearly decided to pay the correct fares, I don't think it's an issue any more – and owning up in a letter to TfL will put everything above board and they will congratulate you – and I'm quite sure there would be no attempt to impose any penalty. If there was any such attempt then let us know. I have contacted TfL and asked for a suitable address
    • so well within 10 mins minimum grace period   shame you appealed - don't next time! you've ID'd the driver now   please complete this    
    • cant see the point of the sra complaint pers they've done nothing wrong   dx  
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benfm

Capital finance one / daniels silverman

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Cfo have passed my debt over to daniels silverman after around 2months of me trying to get a payment plan out of them the org loan was for £250 this is what i recived via email

 

Dear Sir/Madam

 

Our File Ref:-

FINAL DEMAND Re:- Our Client Capital Finance 1 Ltd

Outstanding Balance £720.31

We have been instructed by our above named client to recover the above outstanding debt. We now demand immediate repayment of £720.31. Unless full payment is sent directly to us within 7 days we will take final recovery action through the Courts, which may lead to:-

 

  • You having to pay all solicitors fees and court costs.
  • Judgment being awarded against you in Court.
  • Debt details being registered affecting your ability to obtain credit in future.
  • Bailiffs calling at your premises.

Please telephone our office immediately on 0151 707 6061 to discuss further.

 

YOU NOW HAVE SEVEN DAYS TO REPAY IN FULL. ACTION WILL BE TAKEN AGAINST YOU THROUGH THE COURTS IF YOU FAIL TO COMPLY WITH THIS DEMAND.

PAY ONLINE AT OR SEND PAYMENT PAYABLE TO

DANIELS SILVERMAN LIMITED WITH THE TEAR OFF SLIP BELOW.

Yours Faithfully,

 

Warham Collections Team

Daniels Silverman Limited - 210 Queens Dock Commercial Centre, Norfolk Street, Liverpool, L1 0BG

Tel: 0151 707 6061 - Fax: 0151 707 6062 - Web:

 

P A Y M E N T P R O C E D U R E Visit us online at to make payment by card, send payment with this slip by return to Daniels Silverman Limited at the address above or call us to make arrangements to pay over the phone.

All cheques must be made payable to DANIELS SILVERMAN LIMITED.

From:

Client Name: Capital Finance 1 Ltd

Payment enclosed in respect of your

Balance outstanding £720.31

 

 

 

 

 

 

What would be my next course of action because there is no way i want to pay back £720 .. do i try to get in to a payment plan with these for the org loan plus one months intrest .. does anyone have a template i could send them

 

 

thanks

 

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Hi Benfm

 

If you have been trying to sort out a payment plan with them and they have point blank refused then they need reporting (have you been corresponding via email or phone?. In the meantime send them an email. Tell them you will only pay original loan plus 1 month interest. If it went to Court (which it probably won't) then they will have their wrists slapped for breaking OFT guidelines. Don't worry this is just bully boy tactics. Sorry, gotta go for the mo. - at work :-) but will be back soon x

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Hi again!

 

Really, don't worry. Just keep emailing your payment proposal - on a daily basis if necessary! Remember only pay them what YOU can afford; tell them that you are not going to pay any charges - only original loan plus 1 month's interest - and stick to your guns hun. Take control of them and don't let their stupid idle threats worry you. Try and get their bank details so you can pay via Standing Order. In the meantime I would have a word with Trading Standards about this.

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If it helps at all the bank detail;s CF1 provided me with are:

 

Our Bank : NatWest Account Name : Capital Finance One Account Number: 14203995 Sort Code: 60-18-01

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Hi ,

 

Thanks for the replys , ive emailed daneils silverman with a payment proposel of org loan plus 1 months intreset {£347.50} i recived this from them this morning

 

Please be advised that the amount of £720.31 will have to be paid. Over 12 months this will be £60.03 per month. They have however advised the will accept a settlement amount of £423.78 but this amount will have to be paid off in full and not in instalments. Please see attached form, which our client has required if you wanting to pay in instalments. Please see below bank details, before you can make any payment our client needs to see the from.

they also want me to fill in an i & e....shall i just keep emailing my proposal

 

 

 

thanks in adavnced

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Tell them to jog on; thieving barstewards!

 

It's up to you really, but you can start paying them what you can afford on a monthly basis - loan + 1 mth interest ONLY and refuse to pay the charges. Stick to your guns, they probably won't take you to court for these charges as you are already paying enormous interest, and if they do, please would you invite me along, I really need cheering up :-)

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I am in the same boat as you with this lot due to CFO refusing my payment plan and my loan of 250 is now sitting at £750 according to DS. I have told them on several occasions i wont be paying more than the original amount plus one month interest and that my debt is in dispute with CFO therfore to continue collections is against OFT guidelines whilst the debt is in dispute. CFO have yet to get back to my complaint but since I have informed trading standards and OFT about their Fines and charges let them try take me to court. i'm ready for a fight with them now and i am ready for a fight with DS if they continue to persue me whilst the debt is being disputed

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Hey, any update as today I got my first DS email sayin court in 7 days etc.

Was just wondering if any of you guys have had any progress?

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I also got my 7 day notification today, see you in court mate :)

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They can't see you in court in 7 days, they need to get a judgement against you and that takes about 28 days, more if you defend it. I think it is £75 to defend now but it is worth it and they get very rattled. I have a good basic defence already which has sent other PDL companies running. It isn't a templated defence but is tailored to the fact that you have made loads of offers, they have refused therefore court is not the place for this.

 

Their high interest and charges are dubious to say the least. Section 87 of the CCA Act deals with short term loans when the contract has expired (as in payday loans) and that is where the original loan plus one months interest originates from.

 

Should anyone get paperwork from Northampton County Court get back here and I can give a step by step guide how to defend the claim.

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Ha ha, I didn't mean see you in court in 7 days I just meant that I'll see them in court as and when :) - this company is a set of loan sharks but legalized!

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I would also like to know if there is any update on this as I have just received the "7 days to court action" e-mail. My original debt of £567.51 apparently hnow stands at £1236.87!! I have been e-mailing for sometime trying to make a repayment plan with them, and have now said I will pay £11 per week over a year to clear the original loan balance plus one months interest.

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This is brilliant, I'm thinking about starting a website http://www.saynotopaydayloans.co.uk and create a petition to attempt to get these legalized loan sharks outlawed - the company that brought it on - CF1

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