Do NOT enter an agreement with NDR

[Welshgal2012]

Hi guys

I took out a speed credit loan for £200, which rose to over £1400 in a year. I have tried various things but as Marshall Hoare Bailiffs and NDR are being investigated I found that sending them an official complaint worked well. I got a response straight away from the "complaints department". They offered to lower the amount to £660 and make it payable over 7 months, £100 per month with the last payment being £60. I agreed just eating the emails and text messages to stop which I was assured they would. And they did. I agreed to pay on the 5th of every month.

So on the 5th of June I made my first £100 payment through the website. It froze but I got a confirmation email stating it had gone through. However my complaints advisor said it had not and requested a statement. However as we all know it takes a day or so for payments to show on statements. I forwarded my statement yesterday confirming the payment to web loads processing.

Yet this morning at 420am, I receive a threatening text message from NDR, also 2 emails. Each stating different things but both trying to threaten and intimidate.

I have emailed them back along with a very long winded email to my complaints advisor.

It looks like this will not work. I would advise people to not agree to payment plans as they do not stick to their end of the deal.

[renegadeimp]

Why did you agree to pay an inflated debt?

[savvysaver]

Hi, on the TOOTHFAIRY website they proudly state they do not do credit checks to see if you are working etc. right away this runs foul of what they are meant to do - namely, to be a responsible lender. There is a brilliant guide to use to compose suitable response to them that should shut them up. It's written by the Govan Law Centre, link on another debt page. Superb.

 

My son borrowed £400 from them and 12 months on, after registering with free Noddle credit check agency , there it was, showing £2400!!! they can go and run. will download letter from the online free book to compose a response. Intend offering £650! its enough!!

Edited July 16, 2013 by savvysaver

[cyberhead]

this mob are the worse of a bad bunch ,toothfairy actually appear to want you to default

[matttye]

Do not pay these idiots £660. They wouldn't be able to get that from you in court.

[renegadeimp]

Do not pay these idiots £660. They wouldn't be able to get that from you in court.

 

Never say never. At the end of the day it is all down to the judge. And unfortunately a lot of judges lack the knowledge needed to process the claims correctly and side with the creditor.

[matttye]

Never say never. At the end of the day it is all down to the judge. And unfortunately a lot of judges lack the knowledge needed to process the claims correctly and side with the creditor.

 

Have you ever heard of TFF taking anybody to court? I certainly haven't!

 

If it was a more reputable PDL company I probably wouldn't have said that

[renegadeimp]

I have. The owner used to take a lot of people to court but rarely turned up. When he did turn up, he was threatening and intimidating to the debtor. When it was time for the case to be called before the judge, Mr larholt had done a runner and was nowhere to be found.

 

Recentley though mainly because of the investigations into his life and business practices and the PDL industry in general, he doesnt seem to be taking the court route. He seems more reliant on threats, intimidation, adding on ficticious charges and then selling the debt off. Due to the stupidly high amount that he has raised the debt to, the new owner thinks they are on to a winner and starts court proceedings themselves.

[matttye]

I have. The owner used to take a lot of people to court but rarely turned up. When he did turn up, he was threatening and intimidating to the debtor. When it was time for the case to be called before the judge, Mr larholt had done a runner and was nowhere to be found.

 

Doesn't surprise me.

 

I've no doubt a judge will side with some PDL companies even if their charges are excessive, but ones that behave like Tooth Fairy? I don't think a judge will take too kindly to their business model. Fake bailiffs, harassment, excessive charges and no affordability checks when handling out loans.

[renegadeimp]

A judge wont decide on charges. That isnt their jurisdiction unless you can prove that the charges arent correct. Even then, it is up to the judge whether they concern themselves with the charges.

[savvysaver]

Son says he hasn't had any ph calls from them. Well he has changed his phone. Emails? don't know as yet but don't think so..now then, as they've dumped a default on him, what happens when 6 years has gone by and there has been no communication between them? They can't then claim the debt, but can the default then be removed?

Plus, if everyone on here wrote to the OFT they would have to be struck off...and if/when struck off does that mean all debts are wiped as well? ... nice thought...

[renegadeimp]

Default gets auto removed when it reaches the 6th birthday of the initial entry

[savvysaver]

Thanks for that. Great news that it doesn't even have to be applied for to get removed. No mortgage ideas or anything in the planning so the 6 yrs wait won't matter really. Ideally it would have been better to be able to pay them what's owed plus 1 months interest but from what everyone says about T F it's not worth the time and stress so it can go on the back burner now, & just deal with the ones who behave themselves properly.