Advise with NDR

[Baggs2k12]

My gf took a payday loan out with speed credit which to my knowledge don't exist anymore as their website hasn't worked for weeks.

 

The debt has been sent to ndr who have put this loan from 400 which 130 has been paid back to 2300.

 

Where does she stand in paying this, as she can't afford to pay anything near this.

 

They have also threatened sending make believe bailiffs to the house.

 

Any help and advise would be more than appreciated.

[ims21]

Thread moved to PDL forum where the guys will be happy to help as soon as they are available.

[Bazooka Boo]

HA ha Bailiffs?? Or do you mean doorstep dunces?

 

When did she take this out?

 

What was the %?

 

Has there been any fees or charges they have added?

 

Keep OFF the phone, ONLY deal with this in writing, keep a diary of events.

 

A ha, this makes sense, they were closed down, and have reopened in another name it would appear!

http://www.thisismoney.co.uk/money/cardsloans/article-2186024/Payday-lender-MCO-Capital-shut-fined-500-000.html

[Baggs2k12]

Taken out in June. Only now has asked for my help. Couldn't tell you the rate or charges as they have passed the debt on from speed credit. And I have only today been told as she is getting worried.

I can't understand how 400 can turn into 2300

[Bazooka Boo]

No neither can I?

 

There is little to be worried about, they are simply debt collectors NY bailiffs, and DCA's have NO legal powers whatsoever.

 

What has NDR stated in their puerile missive?

 

Did speed credit inform that they were passing this too NDR?

 

Did NDR inform that they were now collecting for this?

 

Check her credit files.

 

Stay OFF the phone, keep everything in writing.

[Baggs2k12]

Ye they said it was passed onto them. At that time £130 was paid to speed credit. An the amount was 500 when passed to them

[Baggs2k12]

Ye I havnt spoke to them on the phone as I won't have proof of the phone call

[tinkerbell_2k12]

speed credit and all their partner companies are hard to deal with. The first thing she needs to do is cancel the continous payment authority at the bank, so this company cant access any funds from her account, also say shes lost her card so they card gets cancelled too. ideally she should open a new bank account somewhere else and have her pay redirected that that account. once shes dealt with that, only pay back what she can afford, even if thats on £1 a month, theyll just have to accept that, all their threats are hot air, ive been dealing with this company since june too and none of their threats have ever happened. also shes advice on the forums has been that really if youve lent from them that you only owe the orginal loan, plus a months interest. all those other charges they have added are unlawful

[Baggs2k12]

Hi guys just a few questions.

 

I have now paid off her months loan plus one month interest, what should I do know, I want to report them for harassment and bullying as I had to change her number because of texts and phonecalls saying they will turn up at her house and take 9 times worth of the loan.

 

Any suggestions on how to do this?

[rippedoff15]

You can emal the OFT in relation to this company, check out th OFT we site follow te link,they will reply but it takes a few weeks, now you have paid the loan plus months interest, they will keep demanding more dont worry keep all emails and forward to the OFt, cheers

[Baggs2k12]

Thanks for the information

[Baggs2k12]

Has anyone got a link to where I complain. I have been on site and not sure where to complain. Thanks in advance

[Bazooka Boo]

OFT http://www.oft.gov.uk/contactus Although they don't deal with individual complaints, they will log it.

TS http://www.tradingstandards.gov.uk/

 

Regarding the Telephone harassment http://consumers.ofcom.org.uk/tell-us/telecoms/

http://bt.custhelp.com/app/answers/detail/a_id/9084/c/345,351,363

 

http://www.adviceguide.org.uk/england/your_money/money_management_index_ew/action_your_creditor_can_take_index_ew/harassment_by_creditors.htm