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    • It's genuinely amazing how you managed to rebuke pretty much all of my points without giving a single shred of evidence to prove it. When asked for evidence all you claim is that "it's clear cut" but how is anyone here meant to know if you won't show it?   I agree with this. If you can't convince us, how are you going to convince the judges when this inevitably goes to court?
    • This is a ridiculous situation.  The lender has made so many stupid errors of judgement.  I refuse to bow down and willingly 'pay' for their mistakes.  I really want to put this behind me and move on.  I can't yet. 
    • Peter McCormack says he has secured a 15-year lease on the club's Bedford ground.View the full article
    • ae - i have no funds to appoint lawyers.   My point about most caggers getting lost is simply due to so many layers of legal issues that is bound to confuse.  
    • Lenders have a legal obligation to sell the property for the best price they can get. If they feel the offer is low they won't sell it, because it's likely the borrower will say the same.   Yes.  But every interested buyer was offering within a range - based on local market sales evidence.  Shelter site says a lender is not allowed to wait for the market to improve. Why serve a dilapidations notice? If it's in the terms of the lease to maintain the property to a good standard, then serve an S146 notice instead as it's a clear breach of the lease.   The dilapidations notice was a legal first step.  Freeholders have to give time to leaseholders to remedy.  Lender lawyers advised the property was going to be sold and the new buyer would undertake the work.  Their missive came shortly before contracts were given to buyer.  The buyer lawyer and freehold lawyers were then in contact.  The issue of dilapidations remedy was discussed..  But then lender reneged.  There was a few months where neither I nor freeholders were sure what was going on.  Then suddenly demolition works started.   Before one issues a s146 one has to issue a LBA.  That is eventually what happened. ...legal battle took 3y to resolve. Again, order them to revert it as they didn't have permission to do the works, or else serve an S146 notice for breach of the lease   A s146 was served.  It took 3y but the parties came to a settlement.   (They couldn't revert as they had ripped out irreplaceable historical features). The lease has already been extended once so they have no right to another extension. It seems pretty easy to just get the lawyer to say no and stick by those terms as the law is on your side there.  That's not the case   One can ask for another extension.  In this instance the freeholders eventually agreed with a proviso for the receiver not to serve another. You wouldn't vary a lease through a lease extension.  Correct.  But receiver lawyer was an idiot.   He made so many errors.  No idea why the receiver instructed him?  He used to work for lender lawyers. I belatedly discovered he was sacked for dishonesty and fined a huge sum by the sra  (though kept his licence).  He eventually joined another firm and the receiver bizarrely chose him to handle the extension.  Again he messed up - which is why the matter still hasn't been properly concluded.   In reality, its quite clear the lender/ receiver were just trying to overwhelm me (as trustee and leaseholder) with work (and costs) due to so many legal  issues.  Also they tried to twist things (as lawyers sometimes do).  They tried to create a situation where the freeholders would get a wasted costs order - the intent was to bankrupt the freeholders so they could grab the fh that way.   That didn't happen.  They are still trying though.  They owe the freeholders legal costs (s60) and are refusing to pay.  They are trying to get the freeholders to refer the matter to the tribunal - simply to incur more costs (the freeholders don't want and cant's afford to incur)  Enfranchisement isn't something that can be "voided", it's in the Leasehold Reform Act 1967 that leaseholders have the right to.... The property does not qualify under 67 Act.  Their notice was invalid and voided. B petition was struck out. So this is dealt with then.  That action was dealt with yes.   But they then issued a new claim out of a different random court - which I'm still dealing with alone.  This is where I have issues with my old lawyer. He failed to read important legal docs  (which I kept emailing and asking if he was dealing with) and  also didn't deal with something crucial I pointed out.  This lawyer had the lender in a corner and he did not act. Evidence shows lender and receiver strategy had been ....  Redact and scan said evidence up for others to look at?   I could.  But the evidence is clear cut.  Receiver email to lender and lender lawyer: "our strategy for many months  has been for ceo to get the property".  A lender is not allowed to influence the receivership.   They clearly were.  And the law firm were complicit.  The same firm representing the lender and the ceo in his personal capacity - conflict of interest?   I  also have evidence of the lender trying to pay a buyer to walk.  I was never supposed to know about this.  But I was given copies of messages from the receiver "I need to see you face to face, these things are best not put in writing".  No need to divulge all here.  But in hindsight it's clear the lender/ receiver tried - via 2 meetings - to get rid of this buyer (pay large £s) to clear the path for the ceo.   One thing I need to clarify - if a receiver tells a lender to do - or not to do - something should the lender comply? 
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Payday loans and credit files.


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Hi all I hope you can help me please with my new quest.

 

I am in the process of rebuilding my credit report after being really really stupid in the past but all is well now, just got 2 defaults and they will be off next year. YEY!

 

Anyway I have been taking out small payday loans from PDUK after reading this on there website,

https://www.paydayuk.co.uk/payday-loans/rebuild-your-credit-with-paydayuk.php

 

It states that they may help rebuild/improve credit files if they are paid back on time.

 

I have taken about 15 PDUK loans out all for about £50 and then paying them off in full, or maybe deferring a month and paying interest and most of the £50 being sensible.

 

Trouble is when I checked my credit file and spoke with Credit Expert/Experian they have told me that payday loans are so so bad for your credit file even if you pay them off in full and on time. They told me that they are only open a month and you build no history (I was told that lenders like to see well managed accounts over a period of 6 to 12 months).

 

So my question is, is this advert misleading and is there anything I can do about it?

 

I have referred this to the FOS and the advertising standards authority yesterday 20/04/12. Can you think who else to send my complaint to?

 

I feel I have paid excessive interest under the belief they were helping only to find out its a load of rubbish!

 

Any advice would be greatly appreciated and lets see these scumbags disappear!

 

James

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The advert is misleading. Pdls say that it MAY help rebuild, knowing full well it never will. Credit status is built on mid-long term standing. Not a loan you have for 4 weeks that isn't even regulated.

 

Experian rightly informed you, and they know infinitley more than anyone who works for the pdl's. You also need to get a complaint into the OFT as well and let them know you were mislead into taking the loan out.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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The advert is misleading. Pdls say that it MAY help rebuild, knowing full well it never will. Credit status is built on mid-long term standing. Not a loan you have for 4 weeks that isn't even regulated.

 

Experian rightly informed you, and they know infinitley more than anyone who works for the pdl's. You also need to get a complaint into the OFT as well and let them know you were mislead into taking the loan out.

 

Thanks renegadeimp for your help, will write up the letters tonight and have them sent first class recorded.

My only problem is that experian are happy to give me this advice freely over the phone but won't give me anything in writing. Any ideas?

 

As an end result I would like these loans taken off my credit file, they are all settled in full and on time so no issues regarding removing bad information.

 

How would you guys suggest I go about this to give me the best chance.

 

James

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Which details exactly? The only things you need to know is that for the FOS to start an investigation on your behalf, you need to have exhausted the creditors own complaints system, hence the reason for a FINAL RESPONSE letter.

 

Once they have proof of this, they will start an investigation. Thats in its simplest form. However, you get much more credibility if you can back everything up in writing about the complaint, and also inform the OFT, OFCOM ( if you get harassing or abusive calls) and possibly trading standards. Even the ASA is getting involved due to multiple PDL's saying that taking out a payday loan can get your credit rating higher, which is just not possible.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Ahh. I dont have the name for him/her, but its easy enough to write and ask for a copy of their complaints procedure. They have to give the name then.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Thank you for all your replies, you have all helped so much!!

 

My plan of action is to send a complaint off to pduk regarding what is I'm my option false advertising that there loans may help build credit files and that I only took them out under the impression that they would help m and that due to this misleading advertising I would like them to remove all entries from my credit file.

I will inform them that I have also informed the fos and they will be hearing from them shortly.

 

I will also send complaints of miss advertising including print out from there website to the financial services authority, trading standards, consumer direct, oft and ofcom.

 

Sound about right?

 

James

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Make sure to email Stella creasy mp too.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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I have a link here to a previous complaint which is,

http://www.consumeractiongroup.co.uk/forum/showthread.php?343127-PayDay-UK-multiple-credit-records-for-one-loan&p=3803358#post3803358

 

So they know I'm not messing, I'm also going to try and claim the £300 restitution, that's also in the letter being sent tomorrow!

James

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  • 1 year later...

Hi James,I have read with great interest your battle with paydayuk or MEN consumer finance. I wondered if you could update me with how you letter/s requesting removal of all entries on your credit fie was resolved?I too have been scammed into thinking applying with them would improve my credit report - this had an awful affect on my rating so much so I was refused a mortgage because these were on my file.I would be so grateful if you could let me know and hopefully offer me some hope!Many thanks,Niall

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Hi NCP, sadly for me nothing happened. I tried all avenues including the Ombudsman, trading standards and the advertising standards authority but they all came back stating they PDUK had done nothing wrong as the wording had been wrote in a way that suggested it will improve your credit report but doesn't actually say there loans will improve your credit report if that makes sense. I have since wrote to PDUK asking where they got the evidence from which allows them to make the claims they make and I just get a snotty letter back revering to the Ombudsman's decision and that they will not discuss it further. Im not sure if anything can be done to be honest, if you have any ideas please share them as I would love to get these wiped. James

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  • 10 months later...
Hi NCP, sadly for me nothing happened. I tried all avenues including the Ombudsman, trading standards and the advertising standards authority but they all came back stating they PDUK had done nothing wrong as the wording had been wrote in a way that suggested it will improve your credit report but doesn't actually say there loans will improve your credit report if that makes sense. I have since wrote to PDUK asking where they got the evidence from which allows them to make the claims they make and I just get a snotty letter back revering to the Ombudsman's decision and that they will not discuss it further. Im not sure if anything can be done to be honest, if you have any ideas please share them as I would love to get these wiped. James

 

James, do you still need these removed. I have copies and screen shots of their site stating the following "This will help your credit rating" this information was on their website from mid 2009-early 2012. I'm currently using this information coupled with irresponsible lending .

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  • 1 month later...
James, do you still need these removed. I have copies and screen shots of their site stating the following "This will help your credit rating" this information was on their website from mid 2009-early 2012. I'm currently using this information coupled with irresponsible lending .

 

Hi RossW

 

I could really do with these screenshots you have if you wouldn't mind sending them?

 

I have tried PM'ing you, but you have that option switched off

 

Could you let me know if you can sort this for me?

 

Cheers!

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