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Sister has spent to much

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:!:Hi all,

 

Just wondering what options my sister has.

 

She need to pay rent on the 01/01/2015 but she spent too much on Christmas and has no more saving. She is thinking of paying late or a payday loan.

 

She needs to pay £375

 

What would be best for her to do?

 

Thanks

Andrew


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Hello there.

 

Paying rent late could well cause other problems with the landlord.

 

I think a PDL is a really bad option that often has a knock on effect. If she really can't find the money any other way, she could speak to her local credit union.

 

http://www.findyourcreditunion.co.uk/home

 

HB


Illegitimi non carborundum

 

 

 

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Perhaps speak to the landlord and explain that you need extra time to get the rent together. However, all furutre rent payments will be on time.

 

Whatever happens, stay WELL away from PDL's. it might give you the money now, but what will you do when it's due for repayment? Especially when you consider their extortionate interest rates and collection practices.


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

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Avoid pay day loans it will only delay and increase the problem

 

Credit union could be good


If i have helped in any way hit my star.

any advice given is based on experience and learnt from this site :-)

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I think the message is pretty clear...

Not long ago there was an announcement on here about these loans for Christmas...

 

General idea...

 

STAY AWAY FROM THEM!...

 

Anyway go speak to a Credit union.


 

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Credit unions will rarely lend anything unless youve saved with them for a couple months first.


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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Thank you for all your replies,

 

I thought the same about her getting a payday loan but she wanted to know. Her boyfriend just told me he's had loads of overdraft charges in the past and recently. Like £1 a day and £5 a day if over the overdraft.

 

He's wondering if he can claim them back so he can pay rent or pay a credit union loan quicker.

 

Thanks

Andrew


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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If the banks charging him that much per day for an over draft, perhaps get a BCOBS complaint in


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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Hi renegadeimp, thanks for your reply.

 

How would I go about doing this?

 

Thanks

Andrew

 

If the banks charging him that much per day for an over draft, perhaps get a BCOBS complaint in

We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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One payday loan generally leads to another, and another and they will also harm your credit rating for a long, long time, despite what they may tell you.

 

If your sister is looking to get a mortgage if she has had even one PDL in the last 5 or 6 years no lender will look at her nicely and she will have lost any 'set up' fee they may charge to look at getting a mortgage with the relevant company.

 

It is a very slippery murky slope to go down.

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Is this Council or Private rented?

 

When would your sister be able to pay the £375 rent?

 

As if it's within a week or so, then call your LL/LA & explain that with the Christmas holidays, the rent is going to be a few days late & say it can be paid on the 5th & pay it on that date. (or whatever day it is, as you want your LL/LA to take you for your word).

 

If it won't be until say the following month 1st Feb, then call the LL/LA & again be truthful & ask if it's possible to pay the missed rent along with February's.

 

Some LL/LA will be okay, some will not & will charge £x for the missed payment. I'm in private rented & my LA charge 8% for a missed/late rent payment, hence why mines paid on time!

 

I most definitely would not go to a PDL under any circumstances!!

 

Sometimes just being honest & truthful about your situation can go a long way. Esp if your sister has never missed her rent before.

 

As long as the arrears are not 8 weeks+ she should be okay. As it's only when your 8 weeks or more behind, that a LL/LA could take Court action.

 

I do hope your sister is able to get this sorted, good luck!


I don't suffer from insanity, I enjoy every single minute of it!!

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8% is an arbitrary amount. So its a penalty charge. Reclaimable.


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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Even if it's written in my contract renegade?

 

As my rents £1350 a month, I make sure it's paid on time! As to me an £108 charge is a rip off & they say they will charge it even if 1 day late!!


I don't suffer from insanity, I enjoy every single minute of it!!

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Ok thank you for your replies,

 

I will get my sister to talk to the landlord and see if they can work something out. She told me it would probably be early Feb before she'll be able to pay.

 

That's why I'm trying to get her boyfriends bank charges back.

 

This is the letter I'm going to send to Halifax, along with his monthly income, outgoings and a statement of charges.

 

 

Letter:

 

Headquarters

Trinity Road

Halifax

West Yorkshire

HX1 2RG

 

 

Date:31/12/2014

 

Dear Sir/Madam

 

Account number: 00000000

 

 

I am writing to reclaim all bank charges on my account(s) since the 01/06/2011. I am unhappy that these charges have been applied to my account and in this letter I am registering my complaint and I request that you immediately stop applying further charges to my account.

 

 

 

I need you to consider my case as a matter of urgency as I believe due to the charges to my account I’m suffering serious financial hardship and becoming unfairly indebted. In particular, my ability to pay rent, mobile phone contract, food, clothes and basic essentials. Also having my partner becoming ill my monthly income has been significantly lowed, so I now solely rely on my wages and my partner’s statutory sick pay (SSP) for my income. I will attach evidence to show my monthly income, outgoings and a statement of charges.

 

 

 

I therefore request that you repay all my default charges since 01/06/2011 which total £291.

 

 

 

Under the FCA guidelines, Halifaxhas 8 weeks to resolve my complaint. I trust that you will deal with my case within this period. If not, I will refer the matter to the Financial Services Ombudsman.

 

 

I look forward to receiving a full response to this letter within 14 days

 

 

 

 

 

Yours Sincerely

 

Signed

 

Name Printed

 

 

I'll upload the Statement of Charges and the proof of income is just copies of payslips from my sister and her boyfriend for the last 3 months.

 

Should this be ok for claiming back the charges?

 

Thanks

Andrew


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

Yes, your letter looks fine - you will find a spread sheet in the link above (the 2nd one I think)

 

I think if your Sister gets out of this one without too much hassle, she really needs to understand her financial priorities !


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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 -

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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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Thanks for your reply,

 

I've downloaded the spreadsheet, how do I work out the APR?

 

Thanks

Andrew

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

Yes, your letter looks fine - you will find a spread sheet in the link above (the 2nd one I think)

 

I think if your Sister gets out of this one without too much hassle, she really needs to understand her financial priorities !


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Is it just the normal 8% I put in the APR box?

 

Thanks

Andrew


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Is it just the normal 8% I put in the APR box?

 

Thanks

Andrew

 

I will ask for you :)

 

I thought it automatically added the 8% interest.. but obviously not.


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

 

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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Ok thanks :)

 

It's just I wanna post it off tomorrow so just wanna get it finished tonight.

 

Andrew


We live in a world where seeing is not believing, where only a few know what really happened.

NatWest Problem *****Refunded*****

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Have left a message, hopefully it will be seen this evening :)


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

 

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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Is it just the normal 8% I put in the APR box?

 

Thanks

Andrew

 

You need to put the apr that the bank have been charging. It should be on the statements.


 

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:p

 

Advice & opinions given by Caro 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.

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You ask for section 69 interest (8%) if you go to court....additional to the claim.


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