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Son with autism / learning dificulties taken out payday loans


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just wondering if anyone can advise me, my son is 20 years old and has been diagnosed since an early age with autism and has recently been diagnosed with moderate learning disabilities, he was at a school for special needs up until he left school at 16.

 

 

he is currently receiving DLA but he has no real idea of money and always wants to spend it as soon as he gets it. The problem is because he wants to be more independant we allowed him to sign up for a phone contract and have sky installed in his room both come out on a monthly basis on the understanding that the money would always be in the bank.

 

 

recently he was getting parcels delivered to the door, we found out that he had set up 2 catalogue accounts online and had been getting things from there, also buying many items from other online stores. also we have just found out that he has also been purchasing tickets to concerts all over the country without discussing it with us, he has purchased over a dozen tickets for events in just the last few months. it seems like he has been spending just for the sake of it.

 

 

here is where the problem is, because he has been spending all his money he has been taking out payday loans in order to subsidize this habit, we had no idea of this, only finding out about this today. each time he was borrowing more and more in order to pay of the previous one and has he has no idea when it comes to money it seems to have spiralled.

 

 

he is due to get his DLA friday and has just decided to tell us that he is unable to pay his phone and sky because there is over 800 pound due to come out of his account from payday loans... 3 different ones in total! and he is not making the payments to the catalogues because the funds aren't there.

i now need to contact all the catalogue companies and payday loan companies on his behalf.

 

 

i have already gone into his bank with him to cancel the payday loans from coming out but i still need to contact the companies.

 

 

could anyone point me in the direction of a letter or advise me what to write that will highlight this situation he has gotten himself into.

 

any help would be greatly appreciated

 

thank you

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What age is your Son ?

 

I will try and find some one who can help

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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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What age is your Son ?

 

 

First line of OP's post :-)

 

 

When you went into the bank, was it you or your son who cancelled? Unless you have a power of authority, you shouldn't be able to do so.

 

If you want to help him rather than him doing it himself, type up a letter saying he gives you the authority to act on his behalf then write to all the creditors to let them know the situation. They should be sympathetic and allow payment terms over a longer period of time but make sure all charges and interest are cancelled as otherwise the debt will never come down.

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What age is your Son ?

 

 

First line of OP's post

 

:doh: How embarrassing, especially as I can no longer use the Specsavers excuse :lol:

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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Please read this - http://www.google.fr/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CCgQFjAB&url=http%3A%2F%2Fwww.rethink.org%2Fresources%2Fe%2Fentering-into-a-contract-when-unwell-factsheet&ei=p0TJVODjB8H5UO-HhNgC&usg=AFQjCNGr2D-Kzoa1hNu6_c8gAB7b0ja7VQ&sig2=eNiLTZWmIfJD4c_80_PLtw&bvm=bv.84607526,d.d24

 

I suggest that you find any codes of practice that you can and read them.

If you don't have it already, obtain medical evidence from your doctor that essentially your son lacks the mental capacity to enter into any loan contract.

Presumably these loans were obtained online so that there was no opportunity for anyone to assess your son's condition - if it is at all obvious.

 

I don't know if this is possible but I owuld write to the credit reference agencies, and ask them if they can log a note against your son's credit file that he has mental difficulties. If they will do this then it will help to protect your son in the future. youl would have to supply the CRAs with the evidence.

 

I would then write to all of the PDL companies with your evidence. Explain the position, supply the evidence and tell them that although you are happy to repay the principle sum, you will not be able to pay the interest on the loans. Ask them in the circumstances to act socially responsibly and to accept your proposal and also to mark their files accordingly. Refer them to the various codes of practice.

 

I don't know if anyone else on this forum has any other or better ideas but try my suggestions to begin with.

 

I also suggest that you implement some parental controls on his computer which might help in the future

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