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I have just read a post with a very similar story to mine about a company called myjar. I have just checked my noddle report and see that this company have listed a default in 2014, I have never heard of this company but from the other thread on them it seems they may be txtloan who I did at one time have a loan from.

 

 

I don't remember the specifics of the mess I got into with payday loans in 2009, mostly because the names seem to constantly change making it hard to keep up with them but I am fairly confident I paid this one off as it was taken from my bank. Even if its not paid, it originates from 2009 and should not be defaulted last year.

 

 

Does anyone know anything about this company so I can put in a complaint? I have been working so hard to repair my credit file and next year all the bad info will be gone so I am really quite upset about this. It only shows on noddle and I have disputed it with them but experience tells me that they wont do much about it and will reply in a few months telling me to contact myjar directly.

 

 

If it helps the details from noddle are:

Account start date

08/12/2009

Opening balance

£ 246

 

Regular payment £

£ 100

 

Repayment frequency

Periodically

 

Date of default

15/07/2014

 

Default balance

£ 246

 

 

There is no monthly data before November 2014 and this is the first month it has shown up on noddle which I check every month.

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Used to be

 

TXTLOAN LIMITED

ACRE HOUSE

11/15 WILLIAM ROAD

LONDON

NW1 3ER

 

 

Registrant's address:

2nd Floor

145-157 St. John Street

London

London

EC1V 4PY

United Kingdom

 

 

Now

 

 

Name & Registered Office:

MYJAR LIMITED

ACRE HOUSE

11-15 WILLIAM ROAD

LONDON

NW1 3ER

 

Unfortunately they are one of many of this type of companies that use an anonymous domain registration service so you can't actually see who they are or who registered their website.

 

 

 

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Thank you, I will have a look in the library for an appropriate letter to send them. Is there anyone else I should complain to? Can I send the stat barred letter (I am in Scotland so its stat barred now even if it does still exist) and a letter of complaint about the incorrect date on the default at the same time, or should I deal with the two issues separately?

 

 

I have never heard anything from these myjar people, but I have moved house since 2009 so that is likely why.

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Send two letters, in the same envelope. This company seems to be breaching DPA regulation and ICO guidance with their reporting of defaults. It's likely they think it will go undetected, as people who use PDL's rarely touch their credit file.

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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Thats PDL's for you. The whole 'industry' is barely regulated and the companies are ran by less than normal people. I would go on about self regulation and one of the reasons there is little regulation surrounding them, but thats for another thread.

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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The guys at MyJar are doing this to start complying with FCAs new rules and regs on the PDL industry,

 

What surprised me with your case... Technically this could have been Stat Barred at the end of this year (Pos Mid Jun 2016), but it now wont move till July 2020...

This is brutally unfair.... In my case, the debt was fraudulent. However same rules still apply to thew default and fair treatment.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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I am in Scotland so it is already stat barred. I don't see how changing the default date to five years after the original one helps them to comply with any new rules. Surely the new rules are trying to make them be more honest, not less. I will be getting a letter off to them tomorrow about this, and the stat barred letter.

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They have to follow the rules back when you took out the loan. They cannot pick and choose which ones to follow and when to follow it. The orioginal default date was 5 years ago, so the default should have been placed within 6 months. 5 YEARS after is hugely unfair and you should be challenging it with the ICO and FCA.

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 have gotten nowhere with the ICO with another matter but I will absolutely complain to them again as well as the FCA.

 

 

I am going to view my old credit reports to see if it was perhaps there before but under a different company, I know there was nothing from txtloan before but it might have been another dca or something like that. If I can find it then I will have the original default date and I can put that in my letter asking them why they have moved it from the original date to five years later.

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fkoffilee- i cant see how restropsective entries like this make myjar comply with the new regs. most of the pdls did not report to the CRA's in the past and prob do have to now but in this case this is either just vindicative

 

def get a complaint on this

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Can anyone give me ideas of what to include in my letter? I have had a look at my other credit files and nothing else shows with this amount. Unfortunately noddle doesn't let you view previous reports so I cant see if it previously appeared there under a different name or not.

 

 

So far I have just written that I don't acknowledge a debt to them and that the start date and default date are five years apart which cant be accurate.

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  • 6 months later...

I am so angry right now! This has now appeared on my Equifax file! It was taken off noddle but is now back on there too (with a different default date that would make more sense), according to myjar its an accurate representation of the debt. I haven't bothered disputing whether the debt exists since I am in Scotland and its already stat barred but I did dispute them reporting the default five years after it allegedly occurred and it was taken off noddle. Its now reappeared on noddle and appeared on Equifax. I queried it with Equifax and they don't seem to even understand my complaint they seem to think I'm complaining that its over six years old and shouldn't be there which isn't what I am complaining about.

 

Can anyone point me to the guidelines that say they are supposed to put defaults on within six months or so? Have done loads of searching and cant seem to find it, going to get more letters off about this asap.

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Hi, i was in another thread on this dealing with this lot and had the issue of not being defaulted at all and having late markers placed each month for over 3 years.I emailed to say please default me within 6 months of the debt.The next day emailed me to say i'd be defaulted if not all paid before the required but would be backdated.

 

Well i gladly didn't pay and over 2 months later still not defaulted me and CRA's still monthly late reporting.So even when you contact after years and beg to get defaulted on the debt they don't.So i'm about to chase them up again and look at FOS.

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  • 2 years later...

I'm having an issue with this company too. I defaulted on my loan in January 2015. I have not made any payments to them since and have just finished a DRO this week which included this debt. Ony my credit report all my other debts shoed as default except this one they keep posting late payment every month and every 6 months or so they post payment made even though I have not made one.

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You need to make your own thread klavar. This one has been over for 2 years.

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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