Jump to content

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2135 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts



I'm new here so please accept my apologies if I'm asking the same question as hundreds of others or posting in the wrong place!


A couple of years back, I suffered mental health problems and also a gambling addiction and got 'stuck in a rut' with various payday lenders.


I knew I could say I earnt however much I wanted, no one checked, few credit checked, and I got money to waste. I was forever offered the chance to extend these loans, or repay them and get a higher loan the same day, until I reached breaking point, and for a while I've ignored them all.


My question really is, although I'm not saying I was completely innocent in all this, are the loans enforceable? Were all the times Payday UK and CFO lending emptied my bank account, right down to the pence, reasonable? Was the refusal to discuss payment plans without including ridiculous interest rates fair?


I'd be grateful of any feedback/advice.


Many thanks

Link to post
Share on other sites

You need to make an official complaint to the lender, using the reasons above. Especially the fact they did not credit check with any due diligence. If they don't offer a resolution .. eg, reduction/ceasing of interest or a repayment plan - then you can escalate your complaint to the Ombudsman.


Have a read round the forums you will see many similar stories.


If you did not tell the truth on your application forms, then that might be a problem.

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





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.



Link to post
Share on other sites

Are you still having issues with these loan sharks now?

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!



Link to post
Share on other sites

thanks for the reply CitizenB, the 2 mentioned which I have the biggest issue with were actually my earliest ones at which time there will have been no need to fabricate anything as things were generally good. I'll have a look for other people in similar situations, thanks.

Link to post
Share on other sites
  • 2 weeks later...
  • 1 month later...
  • Recently Browsing   0 Caggers

    No registered users viewing this page.

  • Have we helped you ...?

  • Create New...