Mega confused

[emma1989]

Hi guys

 

I defaulted on my loan with pounds to pocket aka quick quid a few months ago. Since then I have been paying off te loan through a repayment agreement that is due to end next month. I keep a tight eye on my credit file and until today it stated my loan had defaulted. But now it has moved to the closed accounts and says that it's settled. I'm really confused. Is it settled or not? If they have on my account settled can they go back and change it? I'm lost completely.

[sillygirl1]

If it is settled it usually (but not always) means that they have passed it onto a third party.

[emma1989]

So do I pay my repayment arrangement as planned or not? Due Monday?

[renegadeimp]

Contact the pdl but do not say anything about the payment. Simply ask why its marked as settled. If they say its paid thn you can withold payment.

[emma1989]

Ok even more confused. Contacted them and was told the account was settled and I should have had an email after my last payment and they would get collections to resend it. However the email states

 

thank you for your listed payment. Recorded payoff payment of £160.45 on 6/6/2012 via settled in full for loan no. Xxxxxxx. This payment still pending on your account on the listed date, once processed you will see the account updated online, to reflect the payment.

 

What does that mean? If its settled it's settled? Have a copy of the chat which they state that it is settled, so don't understand what this email means? From what I can understand it isn't settled and needs payment in June?? Help!

[renegadeimp]

If theyve said its fully settled and you have a copy of the letter or email, then stop paying.

[emma1989]

Should I contact them and say due to the conversation I had earlier (and send them a copy of the chat- used the option to send to my email once conversation finished) I consider it settled in full and will be making no further payments? I didn't say anything to them about a payment in June (ever!!) so don't understand where they plucked that from.

[Space2001]

Have you paid the original loan amount and interest up to the date you came to a repayment arrangment? As unbelievable as it may sound, they may have waived the additional charges (more than likely accidently).

 

You have no need to contact them. You have already queried this once and have written confirmation (twice) that the account is settled.

 

If it makes you feel better, set the money aside that you would have paid them on Monday for a few weeks. They will contact you during next week if they were expecting a payment. If they dont, I think it is fair to assume that you wont hear from them again.

 

If you do hear from them asking for payment, come back here for advice. You have the written confirmation it is settled. They simply can not "unsettle" a "settled" loan.

[emma1989]

so Monday came and went, and they didn't take my money so I will take it as being settled woop woop!! Now just 3 more to go- Minicredit- due to be fully settled end of June, PDE- who are completely rubbish, and Wonga- who I will be repaying off until October. but I'm almost free!!

[renegadeimp]

Get the money out of that account and into a safe account just in case. If you want to be 100~% sure, give it 4 weeks or so, that way you know that theyre not trying to debit. Also make sure you get written confirmation that the debt is now fully settled.