200 quid oakam loan now 155,369.00!!!

[sillygirl1]

I'd go for no 3 first, write a letter to Oakham, laying out the evidence (including medical evidence) and ask for them to write the whole lot off. Least they could do in the circumstances.

 

Point out in the letter that they are not behaving responsibly and have pushed the debt way beyond the means of the debtor within a reasonable time frame (and beyond anything that could and OUGHT to be repaid).

 

Firstly though there are plenty of other avenues to explore... including involving CAB, MIND and other outside organisations, not to forget certain MPs who are anti-DCAs

[Guest]

yes fletch, re a time order, would be asking for interest to be stopped and reversed, and offer payment on a specified realistic/reasonable amount (see the n'debtline link #43), or could even ask for it to be written off? as i said, if all else fails could try. or could try anyway. if J refuses application, then so be it. if J accepts TO offer, then cred must accept.

Edited October 20, 2013 by Ford

[citizenB]

http://www.consumeractiongroup.co.uk/forum/showthread.php?382658-Time-Orders&highlight=Time+Order

 

Information in the link above regarding Time Orders.

[fletch70]

Thanks Ford and Citizen B that info on time orders was very interesting , explained something I didn't understand about wording on DN's and could, if used correctly be a very powerful tool to balance the power between creditor and debtor.

[AndyOrch]

If this went to court it would not be an MCOL claim as they are under £5,000.

 

It would be in the High Court and a heck of a lot of paperwork would have to be done to get it there.

 

MCOL limit is £99,999.99.

 

 

Andy

[sillygirl1]

Sorry Andy, I was thinking of Small Claims, as this is still way over that limit it would be a higher court, invlolving a heck of a lot of work and expense on the part of the claimant to get the claim allowed.

 

(I'm still a bit befuddled at times by my medication).

[Mike_hawk]

No contact since last payment which was early 2010. Never heard anything back.

 

 

No CCA s.77A notices?

[AndyOrch]

Sorry Andy, I was thinking of Small Claims, as this is still way over that limit it would be a higher court, invlolving a heck of a lot of work and expense on the part of the claimant to get the claim allowed.

 

(I'm still a bit befuddled at times by my medication).

 

Magistrates Courts can deal with claims up to 300K SG...only complex cases are pushed up to High Court...which this is by no means that....if its not an error.

 

 

Andy

[Ell-enn]

Personally I don't think you should be contemplating any sort of court application until someone actually asks you for that money. I would definitely be asking the CRA to investigate the balance recorded.

[steampowered]

Just to add to the above - if you are contemplating court action, the rules require you to get in touch with Oakham and give them a chance to resolve the issue first. If you do not get in touch with them that would greatly increase the risk of being ordered to pay Oakham's legal costs. If you are thinking about the FOS, you must give them 8 weeks to resolve your complaint before going to the FOS.

 

For this reason the first step has to be getting in touch with Oakham. If you don't that will delay your ability to solve this through the legal channels. Could still be an interesting newspaper story though.

 

For something uncontroversial like checking what they think is the amount of outstanding loan I personally would just call them. For anything more controversial keep it in writing. It would be best to inform them you are having financial difficulties ASAP and see if they will freeze the interest.

[StripedTiger]

Hi,

 

Sorry to zombie this thread but there doesn't appear to have been a response from the original poster since.

 

I've had a similar issue with Oakam, if you are still having this issue I've found speaking with Kevin Gunner, who deals with all of the debt clients of Oakam to be very easy.

 

His number is 02088193767 and his email address which he is replying from is [email protected]. He is very straight forward and will get back to you.

[fletch70]

The advice is never talk to a creditor or DCA on the phone. Email is fine though

[StripedTiger]

I've used the phone to vent at them and then get them to use email only from that point onwards, it is I hope effective.

[fletch70]

On reflection I do not think the Op should do anything at the moment as they re not chasing and are unlikely to (IMHO)

[avocados]

On reflection I do not think the Op should do anything at the moment as they re not chasing and are unlikely to (IMHO)

 

Although I agree with this, I think it needs to be reported to the media. I'd contact Stella Creasy (or maybe your local MP), I am sure she will be very interested to hear from you. If contacting Stella or your local MP then being as bad as Oakhams actions are it may even get a mention during prime ministers questions and therefore straight to all the national press.

[renegadeimp]

It does need reporting. Think for a sec. Who else are they doing this to and more importantly, who is actually paying it.