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Managed to set up a payment plan over six months with these buffoons.

 

Paid 1st amount this month on time. No issue with paying, amount is right for me at the moment.

 

Had a butchers on the old Noddle file and see they've marked it my loan with them as a default even though I've paid on time.

 

First steps to take?

 

My credit file is already in the cr4pper so another default doesn't really bother me BUT of all of them on there, this is the one that is the most unfair.

 

:violin:

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Did they send a default notice? They have to send a default notice describing the cause of default and giving you time to rectify it. Though sinc eyou agreed the plan, maybe they thought this didnt apply to them. Remember, they are Quick Quid.


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

:D

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I'm posting from my phone so pardon any errors. I received this email:

 

SUBJECT:Notice of Acceleration: Your Entire Loan Balance is now due

support@poundstopocket.co.uk

to me

2 OctDetails

Date: 02/10/2014

Loan #

 

 

Pursuant to the Loan Agreement that you signed and the Terms & Conditions thereof, you are in default of the above referenced loan and have failed to take corrective action as detailed in the Notice of Default Sums sent to you at least 15 days ago.

 

 

We hereby exercise our contractual right of Acceleration. This means that:

- Your entire loan amount of principal, accrued interest and fees of £876.26 is now due.

- We may notify the credit reporting agency of your default on this loan.

- We may sell your debt to a third-party debt purchaser who may exercise any rights available under the law in collecting the amount owed.

- Interest will not accrue from this point forward.

 

If you are experiencing difficulty in paying the sums owed under the agreement, then this notice serves as Pounds to Pocket’s offer to you to contact our Collections Team and work out equitable relief.

 

If you have queries, email or ring us promptly. We value your business, and we ask you to contact us immediately to resolve this matter. In order to retain your good standing with our company and the Credit Reporting Agency, we must hear from you immediately. Possible payment methods include:

 

 

- Debit Card

- Direct Debit from your bank account

 

If you have already made payment arrangements for the entire balance, please disregard this email.

 

WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

 

Pounds to Pocket Collections

Direct Line: 0800 016 3111

Fax: 0808 234 9350

collections@poundstopocket.co.uk

http://www.PoundstoPocket.co.uk

 

This was Sent after a payment plan was confirmed by email. Before I had sent a payment (which I sent via online banking on time)

 

A "Notice of Default Sums" quoted in the email was never received by post or by email.

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Default sums notice has no relevance. its not a default notice.


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

:D

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And it proves they are an american company, as only they use a 'Notice of Acceleration'.


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

:D

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In that case then I have not had a property notice of default.

 

The second I knew I was going to have difficulty I contacted them and sorted out a payment plan which they at first didn't agree to and after some advice from these forums finally got them to age to something this happens.

 

Companies like this are the absolute bottom

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Your file should have been marked arrangement to pay, not default. They know that.


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

:D

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Should I file a discrepancy with noddle?

 

& a strongly worded letter of complaint.

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I believe that a DN is what is needed for enforcement and not what is needed to place a default on your credit file . I also believe that they should however give you notice that they may do it. Also in many ways a default is better than an arrangement to pay in that it will vanish never to return after 6 years whereas an AR will stay on for 6 years after the balance is cleared .


Any opinion I give is from personal experience .

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I will continue to pay until the balance is cleared and then look into what to do next after that. My credit report is already destroyed so one more default can't do anymore damage..

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I know that feeling about the credit report. It does get better though once they start to fall off


Any opinion I give is from personal experience .

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I'm honestly past the point of caring what it says now. Years of bad financial decisions and debt are slowly falling away.

 

Without getting completely off topic, my new mentality towards money (no frivolous spending etc) feels a lot more refreshing. If i haven't got the money, then I don't just get a payday loan to cover me, i just make do.

 

The day i am finally debt free, I'm going to drink a massive cold beer and breath a sigh of relief.

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