Jump to content


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4055 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi Smith5112

 

I too am in the same boat as yourself. I am due to pay back a SpeedCredit loan soon. I have tried payment on SpeedCredit, Toothfairy, NDR and Marshall Hoares websites and each of them says the loan does not exist.

This must be a widespread issue.

 

The cynical side of me says that NDR will add on lots of bogus charges to peoples accounts eventhough people had no Website or Bank Account to Repay to. In fact I would'nt be surprised if this was all done intentionally for NDR to make money out of people.

I myself have no intention of paying NDR anything until they provide me with proof that that they now legally own the debt and also proof that the loan was payed to me in the 1st place.

 

I don't expect that they will be able to provide this to be honest.

Link to post
Share on other sites

It could well be that there is something wrong with the information on their websites. That having been warned by the OFT they are making changes to comply with the regulations.

 

It is suggested that you put the money aside - JIC they start chasing for it.

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Link to post
Share on other sites

And take a screenshot (or print off) the message on their website saying your loan doesn't exist, then write the date on it.

Help us to keep on helping

Please consider making a donation, however small, if you have benefited from advice on the forums

 

 

This site is run solely on donations

 

My advice is based on my opinion and experience only. It is not to be taken as legal advice - if you are unsure you should seek professional help.

Link to post
Share on other sites

The number is from chichester and is a DCA's number. Just ignore it and treat it as telesales.

 

When you say they called while you were at work? do you mean your home number or your work number?

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

Link to post
Share on other sites

We can only guess smith. Remember, they are a very very poor excuse for a company and will keep harassing. As i mentioned before, they may have been shut down, but the owner simply threw everything to another of his sub companies to try and evade the OFT. Thats why toothfairy was moved.

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

Link to post
Share on other sites

Nobody knows, but as already advised, just keep the money in your account so you can pay it when the correct company comes along and asks.

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

Link to post
Share on other sites

The correct company will have full details, AND the relevant paperwork to enforce the debt. However, it will probably be just MCO opening up under another name that comes calling.

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

Link to post
Share on other sites

As already advised, just keep the money safe in your account so you can repay it when they come calling.

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

Link to post
Share on other sites

Hi Smith5112

 

I too am in the same boat as yourself. I am due to pay back a SpeedCredit loan soon. I have tried payment on SpeedCredit, Toothfairy, NDR and Marshall Hoares websites and each of them says the loan does not exist.

This must be a widespread issue.

 

 

The cynical side of me says that NDR will add on lots of bogus charges to peoples accounts eventhough people had no Website or Bank Account to Repay to. In fact I would'nt be surprised if this was all done intentionally for NDR to make money out of people.

I myself have no intention of paying NDR anything until they provide me with proof that that they now legally own the debt and also proof that the loan was payed to me in the 1st place.

 

I don't expect that they will be able to provide this to be honest.

 

Hello! I just thought you would like to know that tooth fairy now recognise my loan when I click pay now, I didn't contact them or anything just thought I'd give it one last try and it worked! Hope everything works out for you too!

Link to post
Share on other sites

Hi smith. You said you had a speedcredit loan, but it shows on toothfairys site? Please don't pay it. Instead get a full complaint into the OFT, as they are meant to be separate companies. If what i have said in this post is right, then they are blatantly breaking the terms of their licence and MUST be reported.

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

Link to post
Share on other sites

I found the following article on the Guardian website

www.guardian.co.uk/money/2013/mar/19/payday-lender-shut-identity-fraud"]http://www.guardian.co.uk/money/2013/mar/19/payday-lender-shut-identity-fraud

 

It states that The removal of MCO's licence means it is no longer allowed to recover outstanding debts itself, but callers to its helpline are told that it has passed on its outstanding loans to a company called Webloans Processing Limited, which is using Northern Debt Recovery to collect payments from borrowers.

 

I would'nt pay the loan off on Toothfairys website cause theres no explicit proof that they own the debt and they could shift it on to their debt collectors NDR later and allow them to hassle people to pay off even more. I personally won't be paying the debt until someone comes forward with proof that they now own the debt.

 

The interesting thing here is that MCO are no longer allowed to collect outstanding debt. Therefore if the debt is showing up on Toothfairys website then MCO will have to prove that they have transferred the debt to Toothfairy or vice versa. If they can't prove this then this proves what we all know already, that Toothfairy and MCO are all the one company.

 

Also when you logon to Toothfairys "Pay now" option on their website, there is two logos on the website. One says Toothfairy and the other says SpeedCredit.

Link to post
Share on other sites

So we have confirmation. They are both the same company. The oft really needs to know this.

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

Link to post
Share on other sites

So we have confirmation. They are both the same company. The oft really needs to know this.

 

Hello! I didn't read your message until after I paid off the loan with tooth fairy, but after paying it I received an email from NDR saying thankyou for completely paying off the loan so I'm pretty sure it's all sorted!

Link to post
Share on other sites

Well I have just checked on the Toothfairy websites "pay now" link for the loan I presently have with SpeedCredit and Toothfairy have already added an extra £106 to it :-)

 

This is despite me not being told anything about the debt being transferred to them or SpeedCredit being closed.

 

Just a quick question, whats the best way to report these kind of matters to the OFT, is it a case of just following the website links on their website? Perhaps it might be a good idea to put a sticky on here with

instructions for people. I also have a few more complaints relating to other companies that I might include also.

Link to post
Share on other sites

TF cannot add anything on to it. As i said, they are the same company operating under a different name, and still seem to be continuing their unlawful practices of adding bogus charges to the balance. I wouldnt expect anything else from Mr Larholt though.

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

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...