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Pay day Loan-Cheque Centres


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Hi

 

just wanted a of advice

- I had a pay day loan with these, and

 

 

after defaulting managed to get reduced payments.

 

 

However, although I asked them for bank details on many occasions they did not give them to me and

I paid via postal order, sending it recorded delivery for several months.

I am now finally paying them via bank transfer at £2 per month.

 

Do I have any rights to take off postage and postal order costs as they would not respond

 

and give me bank details?

 

The debt is not on my credit report.

 

Many Thanks for your thoughts

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Yes. You should have done that anyway

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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Thanks for that, I still owe them £500+ so no problem taking some off!!!

 

 

However, I am surprised that they haven't chased me, and have ignored the fact that I am only paying £2 per month.

 

 

Ive also noticed a lot of their high street stores have disappeared.........

 

 

Do you think it would be worth me just stopping payments when I get down a bit lower, or should \I tell them I am taking off my costs?

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http://www.fca.org.uk/news/cheque-centre-stops-selling-single-repayment-payday-loans-fca-tougher-consumer-protection

 

The reason they have not been pursuing you and they have disappeared from the high street is because their business practice fell short of what the new regulator, the Financial Conduct Authority, expected.

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how much in total have you paid back?

 

 

how much in total did you org borrow?

 

 

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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Hi

final loan taken out was £850. Interest was 161.90 plus 30 late payment fee when i defaulted making a total of 1041.90

 

ive paid off 456.90. However i had taken out several loans before that so ovrr time have paid them a fortune over time.

 

Many thanks

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then fulyl answer the questions please

 

 

this 'continual rollover' from 15th jan is outlawed.

 

 

something smells here

 

 

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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The final loan was taken in april 2010. So its not a recent thing.

 

original loan was for 200 but i kept borrowing more over time .

 

 

First loan taken in July 2008.

 

the loans and interest were repaid in full untill april 2010.

 

All of this is quite my own fault, and

 

 

i have been very stupid with pdls over time.

 

 

But never again!

 

 

They are eithre paid off, been disputed and amounts considerably reduced and ive survived the payday loans nightmare!

 

This is the only one left that

 

 

im not sure what to do with.

 

 

Ive got the statement which shows the loans.

 

 

They are all paid off and re taken out rather than a rollover

 

 

i think.

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http://www.bbc.co.uk/news/business-30641877

 

Im not sure how these new caps impact of historic debtors with payday loans. Maybe worth investigating :D

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The SabreSheep, All information is offered on good faith and based on mine and others experiences. I am not a qualified legal professional and you should always seek legal advice if you are unsure of your position.

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