£1300 paid into my account

[bmw222000]

ive had £1300 paid into my bank account by an employer i used to work for about 6 month's ago

 

 

 

 

i received a letter today telling me to return the fund's!

 

 

but ive spend some of the money

 

 

thinking it was my ppi claim,

 

 

where do i stand with this,

 

 

i don't know what to do?

[jdes26]

Jesus I'm in the same situation

Ouch

[Bombaymix]

Offer to pay it back in installments??

 

Write and tell them of the confusion

[jdes26]

What does the law state ?

Do u know Bombay?

[ashmk]

If you keep it it WILL come back to bite you in the ass.

[jdes26]

True

Mines a bit different though

The agency have put the money into my lloyds tab account that now has been closed as a repayment plan has been set up

And I don't think lloyds will want to give back £704

[greendollar]

Think of it as an interest free loan to be paid back at your leisure

[jdes26]

Explain

Green dollar? Please

[bmw222000]

yes explain more please

[jdes26]

Hi BMW

[bmw222000]

hi mate

[jdes26]

What did your old employer Actually say?

[bmw222000]

it wasnt off them it was some recovery agency or some thing! asking me to repay in full, they didnt sent the letter recorded post which is odd well i think it is

[jdes26]

So

The your old employer has paid into your account and they have decided to use a debt recovery company to claim

Back the money

Very naughty

I would definitely write a letter to the original employer and offer them a small amount on a weekly basis

Let's get it straight it's there mistake not yours!!!!

[bmw222000]

yes mate thats exactly whats happened

[greendollar]

Explain

Green dollar? Please

 

well as I see it its THEIR mistake not yours , obviously it needs to be repaid but on your terms not theirs . As long as you agree a reasonable/affordable repayment plan I don't think there is much they can do . So there you go , an interest free loan .

[jdes26]

Yep

Bang on !!!

[citizenB]

So your employer made an error and made a substantial payment into your bank account. Bit foolish of him.. He then waits 6 months and instead of requesting you to repay it.. he hires in a group of thugs.

 

Meanwhile, knowing that you are due a refund of Payment Protection Insurance monies and believing this money to be it.. you have spent all or some of the money your ex employer has "given" you ?

 

Are you therefore still waiting on the PPI refund?

 

In the circumstances, I would deal only with the ex employer.

 

Send letter explaining what has happened from your side of things. You are, I assume able to repay what you havent spent in a first payment. Then when you receive your refund of PPI you can then repay the balance.

[bmw222000]

Sort of BUT I haven't done any work for this employer for at least 6 months? But they must still have my details on record!

[greendollar]

So your employer made an error and made a substantial payment into your bank account. Bit foolish of him.. He then waits 6 months and instead of requesting you to repay it.. he hires in a group of thugs.

 

Meanwhile, knowing that you are due a refund of Payment Protection Insurance monies and believing this money to be it.. you have spent all or some of the money your ex employer has "given" you ?

 

Are you therefore still waiting on the PPI refund?

 

In the circumstances, I would deal only with the ex employer.

 

Send letter explaining what has happened from your side of things. You are, I assume able to repay what you havent spent in a first payment. Then when you receive your refund of PPI you can then repay the balance.

 

Entirely up to you of course but personally I wouldn't be in a rush to pay this debt off , its not often a lump sum interest free comes along . write to your ex-employer explaining why the cash is no longer in your account and offer to pay back the minimum you can afford . Happy Xmas