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    • Thanks!  I understand now why you wouldn't want any 'phone interruptions!
    • It's a very simple answer It,s a tradition me and a few of my long term mates go the pub to watch the football all day on boxing day and on new years day and our number one rule is we don't take our phones.! We don't see each other as we used to with us all leading different lives and having families but that is the one thing we have all promised too do until the day we die.! So it was quite normal for me not to have my phone and no need to worry about it because xmas and new year is the inky time of the year that I get a complete break from work zero emails zero phone calls.Its the only time in a whole year I completely have a break.
    • St Greta would love a canal with solar powered narrowboats.........
    • Name of the Claimant ? Erudio Student Loans Ltd   Date of issue – 9th Jan 2020   Particulars of Claim   What is the claim for – the reason they have issued the claim? 1.The claimant claims £10,100 for monies due from the defendant   2.The debt was pursuant to a regulated agreement(s) between the defendant and The Student Loans Comedy Limited. Each agreement had an individual account number as follows  XXX XXX XXX XXX   3.The defendant failed to make payments as per the terms resulting in the agreements being terminated. Notice of such is served by a Default or Termination Notice subject to the terms of the agreements.   4. The debt was assigned to the claimant on XX/XX/2013, with a notice provided to the Defendant. A new master reference number XXX was also applied upon assignment 5. The claimant has complied with the Pre Action Protocol for Debt claims.   What is the total value of the claim? £10,100  Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? No    Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? Yes, possibly more than once. This claim form has been sent to my home address   Did you inform the claimant of your change of address? No, I have never heard of Erudio before I received this claim form.  I did notify The Student Loans Company Ltd about my address change though. Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Student Loans   When did you enter into the original agreement before or after April 2007 ? Before.   Do you recall how you entered into the agreement...On line /In branch/By post ? I think I signed the forms in person, although it would have been about 25 years ago so I can't be positive.   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? No   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. It says that the debt was assigned.   Were you aware the account had been assigned – did you receive a Notice of Assignment? No, I have never received any notice of assignment   Did you receive a Default Notice from the original creditor? Not to my knowledge   Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? Not that I remember   Why did you cease payments? I always returned Deferrment notices to The Student Loans Company as I never earned enough to have to start repaying these loans. I still haven't. But the SLC stopped sending deferment notices to me, and in fact stopped sending anything to me. I don't know when the last time I had any communication from them.   What was the date of your last payment? I've never paid     Was there a dispute with the original creditor that remains unresolved? Not to my knowledge    Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No I did not   This is for a huge amount of money, and I've never heard of Erudio before I received this. I do sometimes have problems with my post at my home address.  I really appreciate all help that anyone can give with this. My ideal outcome on this would be that they drop the court action and I send them Deferment notices for the future.
    • Hi Andy,   We were never notified with regards to this holiday no communication after they went into Admin. last week was the first time we heard anything at all and it was from RC themselves. I called them last night and explained everything and it looks like everything going to be okay we will only  lose the deposit which is a small price to pay I guess compared to £2000 I will update if I hear any more.   thank you Hb and Andy both for your  help   regards otb
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stratty

Multiple PDL and dealing with it

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As is a common story on this forum I took a number of payday loans and its reached a point where I am constantly rolling over and cannot deal with the burden of the debt anymore.

 

In any case I will go through the providers and attempt to agree repayment plans with them.

 

While I prepare my case I am particularly interested in two aspects that I keep reading on here.

 

There is a general consensus of opinion that people should only pay back the capital and one months interest. Does anyone have an idea what the legal basis for this is? Will it be because the agreements are 30 day fixed term?

 

Additionally I read that I should refuse to pay any late payment or administration charges that are unreasonable. Is this a similar thing to bank charges and any admin charge being proportionate to the actual work involved?

 

I am collating my PDL companies and will post again once its sorted.

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Forget the one month interest thing. There has never been anything solid or legal precidant to base it off. The best thing to do is pay off what you owe that was originally stated on the initial agreement. Anything after this you can contest, however, they are allowed late payment charges, but they cannot be unfair. usually £5 or so is adequate, but they like to charge £15-£50, plus a default fee, plus interest on the top of that.

 

Some even try to say that you missed the payment and now owe them an extra 30% of the loan for no reason.


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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Ok well here is my current damage

 

 

Original

Capital Interest Current Balance

Quickquid 900 265.50

Payday UK 740 185.00

Quidsource 200 56.00

Moneylender 500 151.50

247 Moneybox 300 117.08

Countrywide Payday 340 136.00

Bongaloans 100 15.00 300.00

Minicredit 150 37.50 611.50

Txtloan 300 51.00 458.80

 

3530 1014.58

 

What is the suggested course of action?

Edited by stratty
dodgy formatting

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Sorry about the mess. For some reason the post didnt keep my formatting

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Figure out what you can afford each month and suggest a repayment plan to them that doesnt leave you out of pocket or neglecting any HIGH priority debts. ( PDL debts are low priority). I see as well, minicredit are already trying to con you with made up amounts.


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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To be honest I have already mentioned my situation to most of the providers and the majority are willing to negotiate for a repayment plan.

 

I have sent about 25 emails to Minicredit and just get standard responses saying that I signed the terms and they are what they are.

 

When I point out that the terms are unenforceable its the same old response.

 

I am not worried though. My credit is pretty terrible as it is and I have just over £30k of unsecured debt. Kinda amazes me how I even managed to get so much additional payday loans debt especially when they all shout about "responsible lending".

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Most of minicredits charge is this £5 per attempted transaction. I called the number on their website and said that to avoid the charge they should stop attempting to take money from my card and I revoke my authority. Every attempt I have made for them to revoke my authority has resulted in them saying that my request is not legal as I signed the terms and conditions. The company is a total joke.

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Put it in writing and state the FSA regulations. As you rightly said, minicredit are a total joke.


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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Ok well here is my current damage

 

 

Original

Capital Interest Current Balance

Quickquid 900 265.50

Payday UK 740 185.00

Quidsource 200 56.00

Moneylender 500 151.50

247 Moneybox 300 117.08

Countrywide Payday 340 136.00

Bongaloans 100 15.00 300.00

Minicredit 150 37.50 611.50

Txtloan 300 51.00 458.80

 

3530 1014.58

 

What is the suggested course of action?

 

Payment plans agreed with

 

Quidsource (froze the debt at £333)

Countrywide Payday (froze the debt at £476)

 

Very impressed with the customer service on both of these companies.

 

Minicredit have so far refused to enter into any kind of negotiation for a repayment plan and I have extensive emails to back this up.

 

247 Moneybox stated that they would only be willing to negotiate for a repayment plan if I made a payment. Explained I could not make any payment now and that I was disappointed they were not willing to discuss the account.

 

Currently working on the others.

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Keep pushing with minicredit. It takes a long time to get them to listen, but they will eventually.


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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Guest Poguesy

How are you getting on with QuickQuid and Txtloan?

 

Don't waste your time talking to QuickQuid collections. You've got a better chance of getting a reasonable payment plan with them if you contact/complain at resolution@quickquid.co.uk

 

Txtloan will give you a repayment plan but will add the extra interest/charges in advance. Complain about this to them and will give in, or delay them for a while and then offer them a full and final on the original loan and interest if you can afford it. That's how i done it ;)

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