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Govan Law Centre Takes 23 Payday lenders on for a client and wins-how-read this or listen.


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It seems Govan Law Centre has taken 23 payday lenders on for a client and had success.

 

And has redesigned their Payday Loan info.

And their debt leaflet.

 

Do you fancy challenging them,

see how you or a friend or relative may be able to.

Or pass the info on.

Details here.

Listen if you feel like it then take a look at the leaflet.

 

Friday, 20 December 2013

 

Govanhill success for GLC's Payday Loan Survival Guide as relaunched with Glasgow University's Student Representative Council

 

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PDLSGimage.JPG

 

Govan Law Centre's (GLC) Payday Loan Survival Guide has been redesigned and relaunched with the support of

Glasgow University's Student Representative Council

(GUSRC).

 

You can download the new GLC

'Breaking free from payday loan debt'

 

leaflet here.

 

Working in partnership with GUSRC,

we have also launched a separate Glasgow student version of the guide,

which is available from GUSRC on Glasgow University's campus at the John McIntyre Building.

 

The guide has been used to help empower citizens to regain control of their finances

and challenge unfair charges and interest whereever possible.

 

Govanhill Law Centre (GhLC)

solicitor, Rachel Moon,

recently used the legal arguments in the guide to secure a fantastic outcome for a client in Glasgow's Govanhill.

 

RachelMoon.jpg

 

said:

"Wonga currently have an advert showing the 'real life' stories of people who use Wonga,

however the stories do not correspond with our experience with this pay day loan company and others.

 

Our client was hospitalised and off work

and as a result receiving only statutory sick pay.

 

Our client took out pay day loans as she was struggling to maintain her court agreed rent payment arrangement.

 

These loans were continually rolled over incurring the additional fees and costs in addition to the high rates of interest.

 

The money was taken directly from her account leaving her with little or no money to buy food

and other necessities and certainly no money to pay her rent.

 

We made a complaint on behalf of our client to the 23 pay day loan companies who had given her credit in a matter of minutes.

 

This was on the basis that the companies had not undertaken proper creditworthy assessments

under the Consumer Credit Act 1974, as they are required to do and that the loans should be written off as a result.

 

We argued that it should have been apparent from the assessment carried out that the loan was not suitable or affordable for our client.

 

wonga_2384781b.jpg

 

Payday loans aren't cuddly or cheap

 

We have had some success and a number of the companies have confirmed that they will write off the debt in its entirety;

other companies have advised that no further interest will be added to the outstanding amounts and would offer a settlement figure of capital alone.

 

During this process, it was discovered that an administration fee was incurred when our client went through a broker website.

When requested to do so, these have all been repaid within a number of days".

 

I will put this part on again.

Part 1-Tell you how to stop a payday lender taking money out of your account.

Part-2-Challenge interest and charges where possible.

Part 3-Example letter of complaint-And what happens next.

And Manage the debt on a affordable basis.And access fairer forms of credit.

 

'Breaking free from payday loan debt'

leaflet here.

Edited by tawnyowl
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  • 1 month later...

The Credit Union in Brighton, East Sussex, helped me fight off debt collectors from Lloyds and nationwide, amounting to more than £6000. Now I am paying off Lloyds at £10 per month and Nationwide at £5 per month with no further bother this last 3 years.

 

Sadly, I read about two years ago of a young man in his early twenties who threw himself off the bypass bridge near Shoreham Airport, in West Sussex, just a few miles to the west. He fell 60ft and was killed instantly. Over a mere £14,500 debt. Surely he might have thought his life was worth more than that?

 

He probably didn't know about the Credit Union. A shamefully underfunded and under advertised enterprise which only operates two days a week in Brighton, compared to the hundreds of billions flushed down the toilet to protect the blood-sucking banks and their hundreds of (£1 million+ each, annual bonus) floor traders, some of whom are on £4-6 million a year.

 

Paul

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The Credit Union in Brighton, East Sussex, helped me fight off debt collectors from Lloyds and nationwide, amounting to more than £6000. Now I am paying off Lloyds at £10 per month and Nationwide at £5 per month with no further bother this last 3 years.

 

Sadly, I read about two years ago of a young man in his early twenties who threw himself off the bypass bridge near Shoreham Airport, in West Sussex, just a few miles to the west. He fell 60ft and was killed instantly. Over a mere £14,500 debt. Surely he might have thought his life was worth more than that?

 

He probably didn't know about the Credit Union. A shamefully underfunded and under advertised enterprise which only operates two days a week in Brighton, compared to the hundreds of billions flushed down the toilet to protect the blood-sucking banks and their hundreds of (£1 million+ each, annual bonus) floor traders, some of whom are on £4-6 million a year.

 

Paul

 

sorry...what has this to do with this thread?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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'What has this got to do with this thread'?

 

Everything: Many people don't know where to turn to when they get into debt or run up huge payback loan interest and charges rates, and often feel suicidal. The whole system of money borrowing, or foisting it on unsuspecting borrowers, is little short of legalised robbery and extortion. The banks are worse than these payday loan sharks (sub-prime mortgages). The only difference is in their public perception of respectability, and the backing of banks by a highly corrupt series of governments who pander to their every blackmail threat. Banks hold countries to ransom, the same way that loan sharks exploit the poor and ignorant. Either way, the enslaved and mostly-powerless public ends up footing the bill, in most cases.

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we all know that

 

but what has your post to do with payday loans..ok the same principle could be used...

 

it helped you with Lloyds and nationwide....

 

it wont sadly be seen here..tacking on to an existing thread.

only those that have posted on this thread will know it even exists.

 

it might be an idea to start a new thread

 

in the general debt forum entitled say 'how the credit union helped me'

 

that way it will get its own tweet and have its own thread title that posters will see.

 

cag is all about publishing help and how you got it so others can read & follow

and benefit from it.

 

what you achieved will benefit everyone..

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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