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Hi guys,


Just wanted to share/get some advice on my situation with CFO.


I took out a loan with them in 2011. I had fallen into the Payday Loan Trap. When I was unable to repay the loan, CFO refused to negotiate a payment plan.


Fortunately, I had taken advice and changed my bank account to a different bank when I opened a DMP with Payplan so they were not able to rinse my account. I continued to try and get them to agree to a payment plan. By this time, I owed 750 on a 200 loan.


Last October, I discovered that CFO had taken nearly 500 out of my new bank account with Halifax. Detailed for which I had not supplied, nor should they ever have been privy too.


I notiofied Halifax straight away who charged back into my account.


I did not hear anything from CFO after that.


However, last week I received a phone call from a very aggressive employee at CFO through my workplace switchboard demanding 280 GBP. I sent an email to them immediately requesting that they remove my work switchboard number and requesting a breakdown of the account.


I received that today. They are saying that the 480 odd that they removed from my account last October (that was subsequently charged back by Halifax) has paid off some of the balance, but they are still chasing the remainder. I have not received any information from Halifax to this end, nor have I got a negative balance in that account (I don't use it anymore).


It seems like some of their tactics have been very questionable in pursuing this debt but does anyone have any advice on how I should respond to their request for the remaining 280, or whether I should just pay it in installments. 700 odd on a 200 loan seems very high.


Thanks in advance for any advice anyone can supply.



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Ask them to prove you owe what they claim.

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


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