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Good Afternoon and a Merry Christmas to all those trying to help people like me get out of debt....hope you guys have a fab one.

 

Wonder if someone can help me with the below - I will be as accurate as I can without identifiying myself to the company who probably read this form.

 

I took out a £1000 PDL loan out with this company early in 2014..

.I managed to make a small amount of contracted payments before I fell into payment difficultly,

 

 

I have been paying back at a small amount and currently this is paid back at around £750 so 2/3rds of the original amount.

 

When I signed the contract the amount was 1000 with 900 interest and 100 loan processing fee so in total paying back double the original amount.

 

Are they still enforceable in making me pay back the entire 1250 or can I not claim reasonable interest of 10% example and give them back 1200 and call it quits?

 

what am I options guys?

paying them back what I owe is obviously reasonable

but agreeing another 1000 in interest is madness imo

(and yes im stupid for agreeing to it.....no one has berated me more than me)

 

any help welcome guys....merry xmas....Paul

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Why are you paying back at all for now?

Has the debt defaulted?

 

Good Afternoon Fkofilee, hope your well.

 

I am paying back the loan because I feel I need to pay back what I borrowed?, tbh I don't really know the answered.

 

and yes loan well defaulted now

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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you seems have had numerous PDL over many years...

...irresponsible lending complaint time??

 

 

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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Good Afternoon Fkofilee, hope your well.

 

I am paying back the loan because I feel I need to pay back what I borrowed?, tbh I don't really know the answered.

 

and yes loan well defaulted now

 

you seems have had numerous PDL over many years...

...irresponsible lending complaint time??

 

 

dx

 

Read the CAG PDL Reclaim guide in my Signature.

 

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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you seems have had numerous PDL over many years...

...irresponsible lending complaint time??

 

 

dx

 

The force is strong with this one.......one mess after another with me it seems

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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can someone link me directly to an affordability letter I can send to companies please?

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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can someone link me directly to an affordability letter I can send to companies please?

 

What do you mean?

 

An income & expenditure form?

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!

 

 

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How would I start a irresponsible lending complaint as indicated above?

 

apologies if im being vague....my head is a shed today

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

Link to post
Share on other sites

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... 

Link to post
Share on other sites

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