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Hi,

 

a couple of questions,

 

I got a pay day loan with Moneyshop in 2016, they have never marked me with a default just missed payments.

 

The debt as far as I’m aware is with BWLegal.

I’m just wondering what BW Legal actually are,

are they just a debt collection agency and the debt has been sold onto them or are they just chasing the debt for them.

 

I’ve got an irresosible lending claim with the ombudsman at the moment against Moneyshop,

I’m just more wondering about BW Legal and why they haven’t actually defaulted me.

 

Thanks

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who are BW's client on their letters?


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They will be CRAP Financial - No Wait CARP Financial... Sorry no again PRAC Financial.

Thats who their client will be...

What stage do they have you at on their collections carousel?


**Fko-Filee**

Receptaculum Ignis

 

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Our Client:Instant Cash Loans Ltd

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If its still with the oc then ignore bw

Stuff all any dca or their fake/tame paper sols can do

Neither are BAILIFFS


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i signed into their arrangement to pay portal and thats what it says.

 

I want it off my credit file or defaulted into 2016 its just two years worth of late payment markers at the moment

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nope instant cash loans.

 

this is more to do with my credit file my query.

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Most successful irl claims result in the loan being removed anyway from your file

Id let it run IMHO


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whats the difference between prac and bwlegal

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PRAC are a portfolio holder and BW Legal chase it on their behalf.

The COO of BW Legal is a director of PRAC.

 

I'm surprised it hasn't been bought by PRAC TBH. Have you had any letters recently?


**Fko-Filee**

Receptaculum Ignis

 

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nope no letters for ages!

 

whats a portfolio holder?

 

So are we saying the moneyshop has now sold the debt?

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dca's buy bad debts the OC's sell on...


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ok so has this debt been sold do we think?

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no not if BW's letter say our client is instant cash loans

 

pers i'd just await the IRL outcome.

makes no odd even if it has been sold to the outcome of that


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hypothetical question

 

if the result of my irresponsible lending claim comes back as saying they dont agree with me.

 

do bw legal accept settlement offers.

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But you wont be paying bw

You'd pay their client


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Single Premium PPI Q&A Read Here

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The CAG Interest Tutorial Read Here

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ok so id be offering instant cash loans the settlement

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Possibly but if it does have to go the FOS looking at your overall situation. Id say you'd win


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

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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

spreadsheets 

 

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right FOS rejected it and i want it off my credit report(just late markers - no default)

 

so

 

Are BWlegal likely to accept full and final settlement offers

 

just for reference

 

i borrowed £500

 

Paid £149.66 to money shop

and £48.64 to BWlegal

 

what should i offer if you think this is right to do

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50 percent of what they say i owe them or 50 percent of whats left of the initial loan?

 

because if we're just going on the loan it would be £303.30 left to pay

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