Jump to content


  • Tweets

  • Posts

  • Our picks

    • Future Comms issues. Read more at https://www.consumeractiongroup.co.uk/topic/416504-future-comms-issues/
      • 3 replies
    • This is a bit of a lengthy one but I’ll summerise best as possible.
       
      THIS IS HOW THE PHONECALL WENT 
       
      I was contacted by future comms by phone, they stated that they could beat any phone contract I have , (I am a limited company but just myself that needs a business phone and I am the only worker) 
      I told future comms my deal, £110 per month with a phone and a virtual landline, they confirmed that they could beat that, £90 per month with a phone , virtual landline  they also confirmed they would pay Vodafone (previous provider) the termination fee. As I am in business, naturally I was open to making a deal. So we proceeded. 
      Future comms then revealed that the contract would be with PLAN.COM and the airtime would be provided by 02, I instantly told them that this would break the deal as I have poor 02 signal in the house where I live as my partner is on 02 and constantly complaining about bad signal
      the salesman assured me he would send a signal booster box out with the phone so I would have perfect signal.
      so far so good.....
      i then explained this is the only mobile phone I use for business and pleasure, so therefore I didn’t want any disconnection time in the slightest between the switchover from Vodafone to 02
      the salesman then confirmed that the existing phone would only be disconnected once the new phone was switched on.
      so far so good....
      • 14 replies
    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
        • Like
      • 0 replies
Throwaway

Tesco personal loan - cannot afford full payment anymore

Recommended Posts

I understand, I will keep you guys updated if anything changes.

Do you mean I have a slim chance of losing in court as I am still paying them all I can afford?

 

Also I've renegotiated with my other credit and dropped them down to a certain amount so I can pay Tesco equally.

Shall I just send them this new budget form with updated details of this and mention I will be paying them the new amount monthly?

Or just leave it all and just carry on paying x/month without replying like DX mentions.

Share this post


Link to post
Share on other sites

99% of original creditors do not do court.

to much to lose with bad publicity they'd rather sell the debt on and reclaim their losses [if ANY] through their insurance, tax reclaim and built-in business models that accommodate such 'losses']

 

if you can pay more then when you can do so.

remember the golden rule..

its YOUR money , you control it ..NOT your creditors.

just pay what you say or move to when you have said and do it.

you don't need their permission.

 

 

if a creditor were not to help you [ie refrain from charging interest and levying penalty charges ] then you write again with letter 2 , expressing your displeasure, and drop their payments right down, as they are NOT helping you as they should

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

Well I guess I can pay more now after negotiating with my other creditor. I will inform them of this.

 

No need to tell them the balance with the other creditor, right?

 

Thank you once again.

Share this post


Link to post
Share on other sites

pers i'd simply pay more if you CAN comfortably..

 

no need to tell them.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

Why pay more? Use that money for something in your life that you need. Or put away for a rainy day. Dont go short to pay more than youre paying others.


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

Share this post


Link to post
Share on other sites

Understood, I'm just going to carry on paying what I said I will and I won't be replying to this letter.

 

Also, I'm moving homes but I have setup a Royal Mail redirection service, shall I inform them of my change of address?

Share this post


Link to post
Share on other sites

yes and ALL THE OTHERS ON YOUR CREDIT FILE.

as well as any utils etc and don't forget car V5C and Driving licence.


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites
Also I've renegotiated with my other credit and dropped them down to a certain amount so I can pay Tesco equally.

 

You shouldn't be paying your creditors equally but on a pro-rata basis which means you should split your disposable income between all of your creditors depending on how much you owe each one. The creditor you owe the most money to receives the largest proportion of your disposable income. There are calculators online which can calculate the repayments for you, just search for "non-priority debt calculator".

Share this post


Link to post
Share on other sites

That makes sense why they've asked for the balance of that account then.

Share this post


Link to post
Share on other sites

Yes, it probably is, Tesco want to make sure that you are not giving preferential treatment to your other creditor. It will also ensure that you do not have any problems in the future if you become insolvent.

Share this post


Link to post
Share on other sites
It will also ensure that you do not have any problems in the future if you become insolvent.

Just out of curiosity, can you expand on this please. Thank you.

Share this post


Link to post
Share on other sites

You should treat all of your creditors fairly, which means making repayments on a pro-rata basis, not doing so can result in a 'preference'. If you become insolvent in the future, Bankruptcy, IVA, DRO, Administration Order, any preferential payments to creditors can be reversed.

 

As an example, you owe Tesco £10,000, Barclays £5,000 and your brother £7,000. You choose to pay your brother £7,000 and offer Tesco and Barclays pro-rata payments from disposable income. If you then become insolvent, any transactions you have made (within time limits) will be scrutinised. In this scenario, you have made a preferential payment to your brother which can be reversed, leaving your brother liable to repay £7,000. The same applies to all creditors, any preferential payments to creditors can be reversed, resulting in you becoming liable for debts which you may think are already settled.

Share this post


Link to post
Share on other sites

Hi,

 

Got it all sorted and paying them on a pro-rata basis for the next few months.

They've also sent me a default notice and said the arrears on my account have to be paid within 28 days.

Is this just generic? Because they have acknowledged that I will be paying them pro-rata.

Share this post


Link to post
Share on other sites

good they've sent a default notice

and no you don't have to pay the arrears by that date

then it gives them the OK to register a default after that date IF they want too

which is what you want.

as no-matter what now happens..

once the default IS registered

paid or not, paying or not...the account will vanish from your file in 6yrs.

doesn't mean it might not still be owed mind...


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

Hi,

 

I've just received another stating I must pay the whole remaining balance in a week, otherwise they will send it to their recoveries department to work out a payment plan or send my account to a debt collector or put a default on my credit file.

 

I have already agreed a payment plan for 6 months, are these just generic letters or do I need to reply to them?

 

Thank you.

Share this post


Link to post
Share on other sites

generic


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

Ignore them. Theyre automatic and have no human input. You have a repayment plan in place. Stick to it without fail, and if a silly no powers DCA sends a letter , tell them to take a running jump, as a plan is in place, and any further communication by them will be ignored.


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

Share this post


Link to post
Share on other sites
Please fill in your quit date here

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...