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    • Most contracts are subject to the Consumer Contracts Regulations 2013 which provide that you have a cooling off period of 14 days when you make a contract online or off premises. Unfortunately there are various exemptions and insurance contracts is one of them. It's hugely unfair in my view. Obviously if the insurance cover has already started then it may well be fair – but for a contract to start and insurance cover in the future, it seems to me that there should be a right to cancel at least until the beginning of the cover. So the answer is – yes they are entitled to levy a charge although that charge has to be reasonable and to reflect their administrative losses caused by your breach of contract. £29 sounds a little bit on the steep side and you can make an issue of it if you wanted. That means that you could require them to give you a detailed breakdown as to how this reflects their administrative losses and if you felt that you disbelieve them, you could decide to issue a claim and take it to the Small Claims Court. I would say that in the event there is a very high chance that they would back down simply because it wouldn't be worth their while to defend – but you can't bank on this and it would be a risk to you.  
    • Yes please - as requested above please will you post the claim form and the judgment in pdf format
    • Hi,   I searched online for an insurance company using compare the market. Sheila's wheels came out with the best quote so I telephoned them to arrange the purchase. After I had paid out the initial amount of £70 and agreed a direct debit I then cancelled my soon to expire Insurance policy. I immediately received an email from that insurance company informing me I no longer had my no claims bonus due to an accident last June. I telephoned Shelia's Wheels to explain that I had made an error, instead of 3 (which I had put on my original agreement), I had now been informed I had none. They put the policy up by another £300, so I asked to cancel. They now want to charge me 29 pound something for cancelling. I made the mistake with the no claims bonus because compare the market keeps a record of my information & this was what was in that information about me, including the date of my accident.    Do they  have a right to charge me? My insurance would have taken effect on the 15th November 2019.   Thank you.
    • I'm on happy pills (anti depressants) but they aren't cutting the mustard anymore and I do need to see my GP soon to see if he can help in anyway. With regards to gambling it's so complicated; through my life I have made money (as well as having had some jobs)  being a "professional gambler" (gambling where the odds are in your favour - think card counting for example, fruit machines years ago for a long time.... Other things.) But I've also been totally compulsive at the same time. It;'s so entrenched in my psyche that it's hard to imagine just giving it up totally. I also have drug issues that have plagued me and it's a shame because I am fairly intelligent and could have been successful in life in theory but mainly due to those two things (and not really having any drive, ambition, whatever... I could go on and on but this isn't a therapy forum :P) I've not managed to. I'm 36 by the way. Cheers
    • Oh I just remembered I have a long defaulted account with Halifax balance approx £3700 I believe (from around 2015) but they aren't chasing me for it or anything. It was actually over £5000 but they refunded me a load of unfair charges (their words)  This does however push me over the £20,000 limit for a DRO I think?  
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MARTIN3030

Experian Payday loan data processing looks set to be bad for your financial health

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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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I wonder if this is an imposed change, some compliance issue regarding the type of fnancial product being reported.

Has anyone asked the CRA for an amswer?


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Has anyone asked the CRA for an amswer?

 

I have posted elsewhere on this.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

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Similar arguments came up when the CRAs began showing accounts aquired by DCAs as '' Credit Card from Lowell'' etc.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Fight Club in order to put these people in their place - ANYONE WANNA JOIN?:wink:

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The CRAs are no longer fit for purpose, as is the financial industry.

 

Tackling the 'data abuse' perpetrated by the CRAs would go a long way to helping this country get back on its feet.

 

Dismantling the Debt Buyers and Sellers Group (DBSG) would be the first step - if we can't buy our own debts at a discount then they should not be a saleable asset.

 

3 years data for a live account, one year for a dead one would also be another good step.

 

Yet another one I did a petition for some time ago - Only the original creditor can mark our credit files - no third party can leave a permanent trace.

 

All searches to be removed after 6 weeks, REGARDLESS of whether they resulted in live credit or not

 

A lot of the 'rules' the CRAs uses were drawn up pre-computers and need to be dragged into the 21st Century and dealt with in 'live' time, not belated attempts to confuse, distort and destory people's lives.

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

 

 

The signs appear to suggest that the PDL companies are not happy at all


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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