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    • In my experience (not with car payments) but with many other things, my partner has been ill and signed off in the past and we have been unable to meet various commitments.  Naturally if you ring the call centre they are going to fob you off and tell you you must pay, that's why that never ever works. I would obtain a note from her GP listing all her health issues plus medications plus side effects, then write to the finance company with a copy of it, explaining the situation, as you have here, asking for a payment holiday. Perhaps mention that the car is very much needed for hospital appointments etc. It's likely the finance company would rather you pay till term end than, chase you for money they will never see, and sell the car at auction for a loss,  You can search some of my threads going back years, advising people to do this for Council Tax, Tax Credits, HMRC, Even a solicitors company and it always works, because contrary to popular belief people are reasonable.
    • Sorry, I haven't ever seen one of these agreements. Read it all and look out for anything that says when she can withdraw and when she is committed to go ahead. If it isn't clear she may need to call the housing provider and simply say what you posted here, she doesn't want to go ahead and how does she withdraw her swap application?
    • Thank you! Your head is like a power bank of knowledge.  Her health issues are short term, due to a relationship breakdown she took it pretty hard and has been signed off work on medication for 3 months. She only started her job in February 24 so does not qualify for any occupational sick benefits, which is where the ssp only comes in. (You will see me posting a few things over the coming days, whilst I try and sort some things for her)  I sat with her last night relaying all this back and she does want to work out a plan, she was ready to propose £100 for the next 3 months and then an additional £70 per month onto of her contractual to "catch up" but Money247 rejecting the payment holiday and demanding £200 thew her, which is why I came on here.   
    • I've looked at your case specifically more.   Term 8bii reads " when, in accordance with instructions from the Customer or the Consignee, the Consignment is left in a safe place" Their terms choose to not define safe, so they are put to proof that the location is safe. If your property opens onto a street its a simple thing of putting a google earth image and pointing out that its not a safe place
    • New rules and higher rates resulted in a jump in the number of savers opening accounts at the start of this year's Isa season.View the full article
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      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

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      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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Right to cancel a payday loan - specifically Wonga


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Hi - hope someone can help. I'm just trying to get out of the payday loan cycle and have a query about cancelling loans... thanks.

 

Basically I know from threads here that many payday loan firms have a clause in their terms and conditions which states you can cancel your agreement within 14 days of the start date. Once you cancel, you then have 30 days to repay the full amount, plus a low daily rate of interest. For instance, these terms and conditions seem typical:

 

If You withdraw from the agreement, You will be required to repay to Us the credit, and any accrued interest from the date the credit was provided to the date of repaying it, without delay and in any event within 30 days of the day after the day that You gave notice of your withdrawal. If after 30 days the credit and the interest have not been repaid we will debit those sums from the Debit Card. The amount of interest payable per day is £0.66p

 

My question is specifically about Wonga. They only state on their website and in the terms & conditions they email you that have the right to cancel within 14 days. They don't make any mention of having 30 days to repay, or what level of interest they then charge per day.

 

Does anyone know the specifics? Is it likely to be the same deal - 30 days, plus a low interest charge? Or not?

 

Thanks very much - Darren

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The 14 day cancelation then 30 days to return the money is the law.

 

all lenders payday or otherwise have to offer this, if the dont report them as the OFT could withdraw there CCA license

 

I did this with quid market and its 14 days to let them know and 28 days after the 14 days. Not 30 days

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Its quite a tough one, cause if you phone or email them they will know what you are up to and will delay you as they know they wont make any money from you ( or minimal ). I guess you have to take the hit, repay the loan within the period and be prepared to pay what they charge. Given the maximum amount they lend its not going to cost you a lot of money. - lets just say it will be much cheaper than going past the cooling off period.

 

In my line of work, you have 14 days to cancel and 30 days to repay in full from the day the loan was executed (ie both parties have signed the agreement ) and nothing will be added. You only pay back what you borrowed. I would be surpirsed if it was different with a payday lender as it is all regulated by the CCA, but I may be wrong.

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