Getting all my PDL accounts closed

[MoneyHole]

Just a general question:

 

When I have with the help of my parents cleared off all my payday loan amounts, I would like to get in touch with every single one of them and ask that they close any of my accounts and remove any of my details on file. As I'm a 'VIP' with several of them and once they are all cleared I don't want them texting me, phoning me, emailing me, writing to me, I wouldn't even lend 1p from them!

 

Is there any letter templates I can send to them all to achieve this?

[asmilecostsnothing]

Whilst I'm not wholly sure whether they will comply with this type of request...

Here's a letter you could try and maybe try unsubscribbing yourself if you can gain access to the online accounts for each payday lender or from any emails in the next few days you may receive

 

Requiring Your Contact Details To Be Removed From Creditors’ Systems

Use this letter template when requesting the removal of your personal details from a creditors system.

 

FINANCE COMPANY

ANY STREET

ANY TOWN

ANY COUNTY

POSTCODE

 

(creditor reference, if any)

 

REMOVAL OF MY PERSONAL DETAILS

 

I write further to my closed account following the balance being settled. I now require you to remove my contact details from your system as I have no intention to take any future loan product from your company or associates.

 

I understand that you must comply, as failure to do so would be breach of the Data Protection Act 1998. Should you ignore my request then I will lodge a complaint with the Information Commissioners Office.

 

I look forward to receiving confirmation from you within 10 days that you have complied with this request.

 

Yours faithfully,

Edited October 30, 2011 by asmilecostsnothing
spacing

[26072004]

They can not remove your details completely.

 

by law they have to keep them the FSA sets a limit I believe of 6 years and although PDL companies are not FSA regsitered I would expect a same amount of time.

 

Write to them all and request they refuse you further finance, Explain your circumstances and tell them you would consider it irresponsable lending to lend you any more monies. if the do they will be reported to the OFT.

[sillygirl1]

The company has to remove them, you are getting confused with Credit Reference Agencies who HAVE to keep data for 6 years after the account is closed - goodness knows why?

 

The companies often have multiple trading names, and a few set up short term web hosting companies to catch people wanting more money, especially round this time of year.

[Ell-enn]

Are you absolutely sure they don't have to keep records for 6 years SG?

[sillygirl1]

What people have to remember about PDL companies (and there is research being done on this atm) is a lot of them are based offshore and use the offshore excuse - SARing them 18 months down the line produces the initial application and initial contract only - its been done for a court case and all one company had was the electronic contract (in that case it was for the first loan of £150, the later loan contract for £600 did not exist so they has scuppered their court claim).

 

Many of these companies are short term themselves, ie after the initial 18 months they 'disapppear' and rename themselves. Its a very very dodgy area which is why they are getting away with the things they do.

 

If there was tighter legislation in setting up a PDL company (as there are with a bank, Metro Bank had to go through a heck of a lot to be allowed to set up) then there would be far more control and far fewer people being drawn into the financial black hole this lot create.

 

I am in contact with Stella Creasey, the Walthamstow MP who is actively campaining against PDL companies and the Cash Converter type companies invading the local high streets.

 

PDL companies are in themselves a type of 'Ponzi' scheme (at least that is my understanding of the way some of them are financed) and therefore the people at the top are the ones who 'get rich quick' at the expense of the ones at the bottom, ie the poor uninformed customers.

[26072004]

Silly Girl,

 

all financial companies have to keep this data by law.

[sillygirl1]

I am not a great believer in SAR'ing a company for information anyway, it is easier and more complex for the company involved to do a 'specific data information' request, it lists EXACTLY what information you want from them, and gives them 14 days to comply rather than the 40 days of a SAR, it is similar to a CPR request for specific information.

[Ell-enn]

Silly Girl,

 

all financial companies have to keep this data by law.

 

Yes, that's my understanding also - the company I work for certainly has to keep financial records for 6 years.

[asmilecostsnothing]

Maybe in addition the opening poster could try http://www.tpsonline.org.uk/ctps/number_type.html

for registering his phone number at least then.

 

Failing that, I dunno ! x