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    • further polished WS using above suggestions and also included couple of more modifications highlighted in orange are those ok to include?   Background   1.1  The Defendant received the Parking Charge Notice (PCN) on the 06th of January 2020 following the vehicle being parked at Arla Old Dairy, South Ruislip on the 05th of December 2019.   Unfair PCN   2.1  On 19th December 2023 the Defendant sent the Claimant's solicitors a CPR request.  As shown in Exhibit 1 (pages 7-13) sent by the solicitors the signage displayed in their evidence clearly shows a £60.00 parking charge notice (which will be reduced to £30 if paid within 14 days of issue).  2.2  Yet the PCN sent by the Claimant is for a £100.00 parking charge notice (reduced to £60 if paid within 30 days of issue).   2.3        The Claimant relies on signage to create a contract.  It is unlawful for the Claimant to write that the charge is £60 on their signs and then send demands for £100.    2.4        The unlawful £100 charge is also the basis for the Claimant's Particulars of Claim.  No Locus Standi  3.1  I do not believe a contract with the landowner, that is provided following the defendant’s CPR request, gives MET Parking Services a right to bring claims in their own name. Definition of “Relevant contract” from the Protection of Freedoms Act 2012, Schedule 4,  2 [1] means a contract Including a contract arising only when the vehicle was parked on the relevant land between the driver and a person who is-   (a) the owner or occupier of the land; or   (b) Authorised, under or by virtue of arrangements made by the owner or occupier of the land, to enter into a contract with the driver requiring the payment of parking charges in respect of the parking of the vehicle on the land. According to https://www.legislation.gov.uk/ukpga/2006/46/section/44   For a contract to be valid, it requires a director from each company to sign and then two independent witnesses must confirm those signatures.   3.2  The Defendant requested to see such a contract in the CPR request.  The fact that no contract has been produced with the witness signatures present means the contract has not been validly executed. Therefore, there can be no contract established between MET Parking Services and the motorist. Even if “Parking in Electric Bay” could form a contract (which it cannot), it is immaterial. There is no valid contract.  Illegal Conduct – No Contract Formed   4.1 At the time of writing, the Claimant has failed to provide the following, in response to the CPR request from myself.   4.2        The legal contract between the Claimant and the landowner (which in this case is Standard Life Investments UK) to provide evidence that there is an agreement in place with landowner with the necessary authority to issue parking charge notices and to pursue payment by means of litigation.   4.3 Proof of planning permission granted for signage etc under the Town and country Planning Act 1990. Lack of planning permission is a criminal offence under this Act and no contract can be formed where criminality is involved.   4.4        I also do not believe the claimant possesses these documents.   No Keeper Liability   5.1        The defendant was not the driver at the time and date mentioned in the PCN and the claimant has not established keeper liability under schedule 4 of the PoFA 2012. In this matter, the defendant puts it to the claimant to produce strict proof as to who was driving at the time.   5.2 The claimant in their Notice To Keeper also failed to comply with PoFA 2012 Schedule 4 section 9[2][f] while mentioning “the right to recover from the keeper so much of that parking charge as remains unpaid” where they did not include statement “(if all the applicable conditions under this Schedule are met)”.     5.3         The claimant did not mention parking period, times on the photographs are separate from the PCN and in any case are that arrival and departure times not the parking period since their times include driving to and from the parking space as a minimum and can include extra time to allow pedestrians and other vehicles to pass in front.    Protection of Freedoms Act 2012   The notice must -   (a) specify the vehicle, the relevant land on which it was parked and the period of parking to which the notice relates;  22. In the persuasive judgement K4GF167G - Premier Park Ltd v Mr Mathur - Horsham County Court – 5 January 2024 it was on this very point that the judge dismissed this claim.  5.4  A the PCN does not comply with the Act the Defendant as keeper is not liable.  No Breach of Contract   6.1       No breach of contract occurred because the PCN and contract provided as part of the defendant’s CPR request shows different post code, PCN shows HA4 0EY while contract shows HA4 0FY. According to PCN defendant parked on HA4 0EY which does not appear to be subject to the postcode covered by the contract.  6.2         The entrance sign does not mention anything about there being other terms inside the car park so does not offer a contract which makes it only an offer to treat,  Interest  7.1  It is unreasonable for the Claimant to delay litigation for  Double Recovery   7.2  The claim is littered with made-up charges.  7.3  As noted above, the Claimant's signs state a £60 charge yet their PCN is for £100.  7.4  As well as the £100 parking charge, the Claimant seeks recovery of an additional £70.  This is simply a poor attempt to circumvent the legal costs cap at small claims.  7.5 Since 2019, many County Courts have considered claims in excess of £100 to be an abuse of process leading to them being struck out ab initio. An example, in the Caernarfon Court in VCS v Davies, case No. FTQZ4W28 on 4th September 2019, District Judge Jones-Evans stated “Upon it being recorded that District Judge Jones- Evans has over a very significant period of time warned advocates (...) in many cases of this nature before this court that their claim for £60 is unenforceable in law and is an abuse of process and is nothing more than a poor attempt to go behind the decision of the Supreme Court v Beavis which inter alia decided that a figure of £160 as a global sum claimed in this case would be a penalty and not a genuine pre-estimate of loss and therefore unenforceable in law and if the practice continued, he would treat all cases as a claim for £160 and therefore a penalty and unenforceable in law it is hereby declared (…) the claim is struck out and declared to be wholly without merit and an abuse of process.”  7.6 In Claim Nos. F0DP806M and F0DP201T, District Judge Taylor echoed earlier General Judgment or Orders of District Judge Grand, stating ''It is ordered that the claim is struck out as an abuse of process. The claim contains a substantial charge additional to the parking charge which it is alleged the Defendant contracted to pay. This additional charge is not recoverabl15e under the Protection of Freedoms Act 2012, Schedule 4 nor with reference to the judgment in Parking Eye v Beavis. It is an abuse of process from the Claimant to issue a knowingly inflated claim for an additional sum which it is not entitled to recover. This order has been made by the court of its own initiative without a hearing pursuant to CPR Rule 3.3(4)) of the Civil Procedure Rules 1998...''  7.7 In the persuasive case of G4QZ465V - Excel Parking Services Ltd v Wilkinson – Bradford County Court -2 July 2020 (Exhibit 4) the judge had decided that Excel had won. However, due to Excel adding on the £60 the Judge dismissed the case.  7.8        The addition of costs not previously specified on signage are also in breach of the Consumer Rights Act 2015, Schedule 2, specifically paras 6, 10 and 14.   7.9        It is the Defendant’s position that the Claimant in this case has knowingly submitted inflated costs and thus the entire claim should be similarly struck out in accordance with Civil Procedure Rule 3.3(4).   In Conclusion   8.1        I invite the court to dismiss the claim.  Statement of Truth  I believe that the facts stated in this witness statement are true. I understand that proceedings for contempt of court may be brought against anyone who makes, or causes to be made, a false statement in a document verified by a statement of truth without an honest belief in its truth.   
    • Well the difference is that in all our other cases It was Kev who was trying to entrap the motorist so sticking two fingers up to him and daring him to try court was from a position of strength. In your case, sorry, you made a mistake so you're not in the position of strength.  I've looked on Google Maps and the signs are few & far between as per Kev's MO, but there is an entrance sign saying "Pay & Display" (and you've admitted in writing that you knew you had to pay) and the signs by the payment machines do say "Sea View Car Park" (and you've admitted in writing you paid the wrong car park ... and maybe outed yourself as the driver). Something I missed in my previous post is that the LoC is only for one ticket, not two. Sorry, but it's impossible to definitively advise what to so. Personally I'd probably gamble on Kev being a serial bottler of court and reply with a snotty letter ridiculing the signage (given you mentioned the signage in your appeal) - but it is a gamble.  
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      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
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      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

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Pay Day Loans - damage to your future credit rating


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So far I've compiled documents from the OFT which talk about misleading advertising.

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My advice is only my opinion, I am not a legal expert.

 

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Yeah they came back and said its a legal CCA matter so didn't think it was relevant for them.

This I do Not agree with. I have looked at some of the original advertising out of interest, and am of the opinion that the content was at least misleading on the premise that PDLS will improve credit rating, whereas the fact is well known that frequent short term high interest borrowing resulting in T1 searches of credit files has always had a dramatic downward effect on credit scores and a very long term effect too.

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Some very interesting points being made.

Just wondering as many took these loans out believing they would

Improve their credit rating and paid them early or on time to find the

opposite to be true when applying for a mortgage how long does this affect them.

Could it be up to six years or even longer.

Costing them possibly thousands if house prices in certain areas keep rising.

And that very interesting question.Why did the CRAs start listing them separately.

This surely only leads to even more checks.Do the CRAs make money from the possible increased workload.

Someone knows the answer.I certainly do not.

But many people who have been affected must be fuming.

Just had a quick look round, Back in 2012 a article said it was some mainstream lenders who demanded this.

QUOTE.

Mainstream lenders have demanded the ability to easily analyse the use of payday loans (by getting the credit reference agencies to list them separately) and will find ways to use that information. Primarily they may be interested in whether people they have lent to recently, that have made recent use of payday loans, are more or less likely to pay them back as per the contractual repayment terms. If it turns out that they’re less likely to pay, in future that lender may reject such applications or perhaps simply not offer them the best-value credit products

 

It seems though anyone who has had a payday loan will struggle to get a mortgage

or if they manage to will end up paying a higher rate.You are not worthy, you will not pass go.

Charming.

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  • 1 month later...

Hi,

 

I have had seven of these loans reported from between 2010 and 2014. All green (0)s, paid off on time, no issues.

 

These were originally reported as "Personal Loans" on my credit file, but sometime in 2012 these were changed to "PayDay Loans". This included all the previous loans that I had already paid off!

 

I took out these loans to cover short-term expenses such as getting the car repaired, as I had no choice but to live in an expensive area where my salary only barely covered the rent and bills. I was unable to get credit from the bank as I had previous issues with my file (defaulted accounts). Now that the defaults have fallen off my file, my only negatives on my credit file are these loan entries, which will remain until 2020!

 

I have since moved to a different part of the country, where living expenses (and house prices) are much lower. As a result, I am a lot more financially stable and I have cleared nearly all my debt. However, no matter how much deposit I save, I will be unable to buy because of these loan entries on my file. Worse still, my employer may be credit checking me in the future, and these loans could cause an issue.

 

I have had four loans with PayDayUK, two with Money Shop and one with Cheque Centres. I do recall PayDayUK at least advertising that these loans could be beneficial to my credit report.

 

I do have to wonder why these companies are so determined to record data that they know is harmful against their paying customers. I understand recording of defaults and missed payments, but recording settled accounts against their paying customers when they know that these will be seen detrimentally by mortgage lenders seems counterproductive.

 

If there is a genuine legal basis for deleting this information, I would be very interested.

 

Thanks

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Hi,

 

I have had seven of these loans reported from between 2010 and 2014. All green (0)s, paid off on time, no issues.

 

These were originally reported as "Personal Loans" on my credit file, but sometime in 2012 these were changed to "PayDay Loans". This included all the previous loans that I had already paid off!

 

I took out these loans to cover short-term expenses such as getting the car repaired, as I had no choice but to live in an expensive area where my salary only barely covered the rent and bills. I was unable to get credit from the bank as I had previous issues with my file (defaulted accounts). Now that the defaults have fallen off my file, my only negatives on my credit file are these loan entries, which will remain until 2020!

 

I have since moved to a different part of the country, where living expenses (and house prices) are much lower. As a result, I am a lot more financially stable and I have cleared nearly all my debt. However, no matter how much deposit I save, I will be unable to buy because of these loan entries on my file. Worse still, my employer may be credit checking me in the future, and these loans could cause an issue.

 

I have had four loans with PayDayUK, two with Money Shop and one with Cheque Centres. I do recall PayDayUK at least advertising that these loans could be beneficial to my credit report.

 

I do have to wonder why these companies are so determined to record data that they know is harmful against their paying customers. I understand recording of defaults and missed payments, but recording settled accounts against their paying customers when they know that these will be seen detrimentally by mortgage lenders seems counterproductive.

 

If there is a genuine legal basis for deleting this information, I would be very interested.

 

Thanks

 

 

The simple answer is no.

 

 

If the loans have properly reported to the credit reference agencies ( which they are required to do accurately and up to date) there is no reason lawful reason for the entries to be removed.

 

 

The Information Commissioners Office responsible for the Data Protection Act requires this.

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Hi,

Just a note to say I am going to meet with the FCA at their Head Office next week following an e-mail exchange with someone senior in the FCA about this entire thread and the FCA's investigation.

 

What I will say is there are some public research documents that support PDLs mislead customers about impact on Credit Rating.

 

I will let people know how I get on.

George Loveless - “We raise the watchword, liberty. We will, we will, we will be free!"

 

My advice is only my opinion, I am not a legal expert.

 

IF YOU LIKE THE ADVICE I'M GIVING AND ARE HAPPY WITH IT, CLICK THE SCALES ON THE BOTTOM LEFT OF THIS POST AND TELL ME.

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  • 1 month later...
---

 

Credit rating do not get affected simply by taking pay day loan - it gets affected when you fail to pay back the amount after the duration of loan.

 

Sorry, you are incorrect - it is widely reported that even where someone has repaid a PDL on time, it affects their credit rating. Please see the link in post # 2 of this thread.

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---

 

Credit rating do not get affected simply by taking pay day loan - it gets affected when you fail to pay back the amount after the duration of loan.

Grossly incorrect, the sheer existence of a PDL on Credit Files will deter mainstream lenders, they are deemed to show inability to manage finances.

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  • 3 weeks later...

Afternoon All,

 

Any update in regards to addressing the PDL entries on a Credit File?

 

Again, I am one of these who couldnt get a loan via mainstream as my credit file was shot (about 5 years ago) and found myself near on every month topping up my wages with a PDL and promptually paying it back once my salary went into the bank (I have ALWAYS paid when required, no missed payments at all).

 

The nice little puppets made the promise that it would "help" my credit.... guess what it hasn't, if anything it is the ONLY thing dragging me to my knees :( Im now 2/5 on noddle and EVERY other account is upto date with no missed payments.

 

I did complain to Wonga who sent we the usual response and added the following quote to their reply (this was last year)

 

"“as long as you repay the payday loan on time and in full then any effect on your credit rating is likely to be positive. When lenders check your credit report they are looking for evidence that you are a responsible customer. Repaying a payday loan on time and in full should therefore strengthen your case, because many payday providers are now sharing credit data. Saying that, some high street lenders might see the fact that you’ve resorted to payday credit as a sign that your finances are under pressure. Importantly, lenders’ scoring systems are built by modelling actual customer data. As a result, if a particular lender’s experience is that customers who take out payday loans are more likely to miss their repayments, this will be reflected in their credit scoring. Actually, some of the lenders that use Experian for credit checks don’t currently differentiate between payday and other types of loans, so they wouldn’t be able to discriminate anyway. So if you do take out a payday loan, just concentrate on paying it back on time and you shouldn’t hopefully have any problems”. "

 

HELP..... :-/

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Afternoon All,

 

Any update in regards to addressing the PDL entries on a Credit File?

 

Again, I am one of these who couldnt get a loan via mainstream as my credit file was shot (about 5 years ago) and found myself near on every month topping up my wages with a PDL and promptually paying it back once my salary went into the bank (I have ALWAYS paid when required, no missed payments at all).

 

The nice little puppets made the promise that it would "help" my credit.... guess what it hasn't, if anything it is the ONLY thing dragging me to my knees :( Im now 2/5 on noddle and EVERY other account is upto date with no missed payments.

 

I did complain to Wonga who sent we the usual response and added the following quote to their reply (this was last year)

 

"“as long as you repay the payday loan on time and in full then any effect on your credit rating is likely to be positive. When lenders check your credit report they are looking for evidence that you are a responsible customer. Repaying a payday loan on time and in full should therefore strengthen your case, because many payday providers are now sharing credit data. Saying that, some high street lenders might see the fact that you’ve resorted to payday credit as a sign that your finances are under pressure. Importantly, lenders’ scoring systems are built by modelling actual customer data. As a result, if a particular lender’s experience is that customers who take out payday loans are more likely to miss their repayments, this will be reflected in their credit scoring. Actually, some of the lenders that use Experian for credit checks don’t currently differentiate between payday and other types of loans, so they wouldn’t be able to discriminate anyway. So if you do take out a payday loan, just concentrate on paying it back on time and you shouldn’t hopefully have any problems”. "

 

HELP..... :-/

I have relative who works for a high street bank in the retail credit control, i.e. who gets what and for what % rate.

 

 

The banks and other lenders he tells me view the use of PDL as being an indication that an individual is not in control of their finances and the more the individual uses PDLs there greater the detrimental effect.

 

 

The one such loan paid back on time May not have any adverse effect or may possibly seen as OK, but one every month will trash credit profiles for a long time.

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  • 3 weeks later...

Here's my 10 pence worth on payday loans.

 

In my opinion they can be used to boost your credit rating/score but ONLY if you have poor credit to start with.

 

I had a bad credit history but over the course of about 3 years and with the help of this site and others, I cleaned it up. I now have a credit score with Experian which ranges from Good to Excellent. My first step was to deal with the DCA's who will all know will resort to all sorts of underhand tactics to extend the life of a debt.

 

Once this was dealt with I looked into easing myself back into credit. My first step was the Cash+ builder pre-paid card. Which worked wonders. More on the Cash+ card later.

 

I then applied for a Very catalogue which I was given intially a credit limit of £1200 this is now £2500.

 

Next an Aqua card with a £750 starting limit now increased to £1000.

 

Then a K catalogue again with a £1200 limit, but I hardly use this account.

 

Next I was offeed a Cash+ credit card with a £750 limit.

 

Now onto the PDL.

 

I also genuinely read that a PDL in my case from Wonga would help my credit score. So I applied for the maximum of £400. I didn't even spend it and repaid it 1 week early. This was in January 2014.

 

In late July this year I applied for a £8000 car loan which was granted.

 

A PDL of 1 or 2 maximum a year will not in my experience effect lenders decisions on future credit applications (mortages aside). If you are taking out a PDL every other month then this of course would alarm lenders. Mortgages are different its often peoples largest purchase in life. I was assured by a broker friend that if you had a PDL in any frequency in the last 18 months you are highly likely to be rejected for a mortgage. However the same would be for transactions on your bank statements to betting websites. The broker assured me the most important part of any credit file is the last 18 months to 2 years.

 

Regarding betting websites and the foot print left on your credit file searches and bank statment transactions. Heres how my broker told me to avoid the footprint.

 

Use your Cash+ pre-paid account, upload from a bank account which has minimal use to the card, use the Cash+ card to load the online betting account. Any winning sums will be reloaded back on to your Cash+ card then you can download the card balance back to your account. The only transactions shown would be from Cash+ and no betting accounts will be shown on any bank statements. Thus keeping your credit file and most importantly your bank statements clean for any future mortgage applications.

 

I have recently transfered my Aqua balance onto a Tesco credit card and closed the Aqua account. I have also recently recieved a Santander credit card and also opened a business account. This is all within 9 months of the PDL from Wonga.

 

I'm not endorsing PDL in anyway but used in the right way they can help in rebuilding credit. But if you are even thinking about a mortgage in the next 2 years don't touch one. In fact my advise is to stay clear of them if you can.

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Interesting 247, thanks for that information :)

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Uploading documents to CAG ** Instructions **

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Seems Wonga are writing off £220 million of debt. Surely that not sustainable financially.

 

http://www.standard.co.uk/business/business-news/wonga-writes-off-debt-of-330000-customers-9769003.html

 

As I'm not applying for any more credit for the next 18 months, I've just taken out another Wonga loan as an experiment. I'll pay it back early again and see what effect it has on my credit score. I'll keep everyone posted.

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http://www.consumeractiongroup.co.uk/forum/showthread.php?433969-***********Wonga-Writes-Off-330-000-Customers-Debts*****************

 

Yes, they are writing off those debts that would be classed as irresponsible lending. Looks like the FCA really are determined to crack down.

 

 

The Financial Conduct Authority has taken the unprecedented step of making the short-term lender cancel the outstanding debt of 330,000 borrowers and scrap the fees and charges of 45,000 more.

 

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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

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I wonder if they're going to update the credit reports of those who's debts are written off ?

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I wonder if they're going to update the credit reports of those who's debts are written off ?

 

I would hope so, Ellen.

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

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Hi Guys,

 

This thread makes for a very interesting read - I'm here as many people are, looking at getting a mortgage but had previously taken a few PDL's from Wonga between 2011-12 in order to improve my credit file and wanted to know a little more about it and how it effects me now....not very well it would seem! Little angry that it has the complete adverse outcome than what I was hoping for. Just have to see what happens when I make a mortgage application!

 

Really sorry if this has already been posted and I've missed it however, here's a copy of a payment reminder I received from them which shows their true angle on how they advertised that a Wonga loan would boost your credit rating as I know a few people in the earlier pages were looking for past correspondence/advertising.

 

From : theteam@wonga

Date : 27/04/2012

We hope your cash advance was useful! We know how hectic life can be, so this is a reminder that we will be collecting £47.30 from your debit card on 30 Apr 2012. Please ensure enough funds are in the bank account linked to that card as a failed collection would result in a missed payment fee of £20, which is the last thing we want to happen!

 

You should also be aware that if we cannot collect full payment from 5am on 30 Apr 2012, we will make further attempts to collect the money from your debit card, either in one payment or in several amounts, on a continuous basis until the amount you owe is repaid.

 

Keeping our trust

 

As soon as we have taken your repayment, you`ll be able to apply again next time you need a short-term cash advance and keeping your promise means your Wonga trust rating will increase. This improves the likelihood of future approval and boosts your credit limit. Also remember that repaying your Wonga loan on time does wonders for your credit rating!

 

What if my circumstances have changed?

 

If you know the full amount will not be available for an unexpected reason, you can extend your loan for up to a month from the current promise date.

 

Login to Wonga at least a day before repayment is due, click the MyAccount tab and then select `Extend my loan`. A part-payment of the existing balance is required and an Admin fee will apply if approved.

 

Remember the sooner you repay your loan the less it will cost, so if you don`t need to extend we will automatically collect the repayment first thing on the agreed date and look forward to being of service in the future!

 

 

Regards from the customer service team

 

0207 138 8333

 

 

Wonga.com is a trading style of Wonga.com Ltd. Registered in England and Wales. Registered Number: 6374235. Registered Address: 88 Crawford Street, London, W1H 2EJ

docref[ColRemd]

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Thanks for this HLN

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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

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And with Wonga having to openly admit to irresponsible lending it is highly likely that the damage of having PDLs on a credit record has escalated to complete obliteration of any chance at credit as the industries reputation has taken a very heavy blow...

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Wonga have brought this upon themselves.

 

They were too quick to lend money with minimal or no checks. They then allowed, encouraged even - rollovers in order to maximise profits.

 

They must have been very aware that people were struggling and that the original loans should not have been given.

 

On another note, It is quite worrying that some borrowers have openly admitted they gave incorrect information, knowing they would be unable to repay. However, had Wonga or any other PDL, made the correct checks - then perhaps they wouldn't have made these loans.

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

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A neighbour asked me to look at a mortgage application questionnaire handed out by a lender, this 4 A4 pages 20 questions per page the usual intrusive ( to the point of being offensive) questioning.

However a question highlighted printed bold asks.

" Have you at ANYTIME ( no further time scale mentioned) applied for or received a pay day loan".

This comes in the section regarding existing and settled credit accounts including mobile phone/ catalogue and other unsecured credit/service accounts.

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I wonder if they're going to update the credit reports of those who's debts are written off ?

 

2.5.7 What if my credit rating has been impacted by your historical debt collection practice ?

 

We recognise that due to this historical debt collection practice, the credit rating of some customers may have been unduly impacted. Where this is the case, as part of the compensation and refund offer, Wonga or the current owner of your debt will contact the relevant credit agencies and request that credit ratings are amended accordingly.

Any advice I give is honest and in good faith.:)

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Thanks for that marooned, it answers the question - can you please provide a link to the quote :)

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

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