Jump to content


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 970 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

Please

Start your own new thread

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

 

Thanks

Recommended Posts

Good evening all, writing this on behalf of my friend who is in need of some help.

 

She took out a personal unsecured loan 3/4 months ago with Loans2Go for £500 and the amount that needs to be repaid is a smidge over £2,000 (Crazy interest rates, is this legal?)

She's struggling with the monthly payments and will not be able to make this months payment.

 

What's the best route forward for her?

 

She also mentioned when she signed up they only sent her a CPA agreement and no documents about the loan T&C's etc.

Thank you

Link to post
Share on other sites

Good evening all, writing this on behalf of my friend who is in need of some help.

 

She took out a personal unsecured loan 3/4 months ago with Loans2Go for £500 and the amount that needs to be repaid is a smidge over £2,000 (Crazy interest rates, is this legal?)

She's struggling with the monthly payments and will not be able to make this months payment.

 

What's the best route forward for her?

 

She also mentioned when she signed up they only sent her a CPA agreement and no documents about the loan T&C's etc.

Thank you

Link to post
Share on other sites

I'm sure that we will be able to give you some advice but is there any particular reason why you posted the identical story in two separate threads into separate sub- forums?

Link to post
Share on other sites

Was her credit file full of defaults and other lending when she took this out?

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

Moved to the pdl forum

see the irresponsible lending guide on the homepage

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

How long was the loan term. 1500 interest is extremely excessive and there's a few avenues open.

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

Link to post
Share on other sites

Full of defaults, yes. One credit card and a rather large bank loan.

Will forward that link to her.

Length, 18 months.

 

Edit: she just checked and said its mainly late payments on her accounts.

Will different credit report companies show up different results?

 

Situation is similar to mine in terms of she's been making reduced payments on her unsecured loan for 6+ months so it shows as payment has been made on her clearscore.

Link to post
Share on other sites

poss not diff results on the same debt

but some companies only use one of the 3

so all debts might not show on one provider

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

cant harm anything

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

  • 4 months later...
On 29/11/2018 at 17:35, renegadeimp said:

How long was the loan term. 1500 interest is extremely excessive and there's a few avenues open.

Hey, what avenues would she have? Still struggling with monthly payments and now some solicitors have sent her a letter saying she has 7 days to pay 2months of arrears. otherwise L2G will serve a default notice and look to reclaim the money by legal routes.

Link to post
Share on other sites

go that IRL complaint running yet?

 

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

Why are you worrying about what a silly dca and solicitor are saying to you? Repayments are made according to YOUR circumstances, not whatever amount they shout at you.

And as DX said,  did you get the Irresponsible lending complaint going?

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

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...