So a number of weeks ago I began the process of opening IRL claims on 35 payday loans.
15 of the loans are ongoing, with monthly credit commitments standing at around £2k per month.
I have so far written and sent letters of complaint on these 15 loans (to 10 different companies).
I have outline drafts for the other 20, although the structure is largely the same.
I have run out of momentum in a big way but having had a short break with my young family I am getting back on the case. I have begun to receive replies from the Companies in question, none of which have been favourable thus far. I have also not spoken with and come to an arrangement on a payment plan for a handful, which is adding to the stress and impact on my mental health.
My intention with this topic is to try to lay out in as concise a way as possible the history of these loans, the key figures involved and also an example of the letters that I have sent thus far.
From there I will share the responses that I receive and further action thereafter.
I am unsure on a number of issues if I am honest. I do not think that I provided anywhere near enough evidence in my letters, which is probably going to lead to a string of rejections. I can not afford to repay the loans under the initial terms and in any case I have no intention of repaying a single penny over the loan capital.
I am concerned about the effect that this will have on my credit file, the security of my mortgaged house, the prospect of bailiffs etc. should I run into problems while waiting for The Financial Ombudsman.
I feel it is therefore in my favour that I have not yet sent the other 20 letters, which request a refund of interest totalling nearly £4k, as I expect to have a much stronger case within a couple of weeks.
I am off to search the forum as I recall seeing a post about Etiquette when posting files, and I will have quite a few to upload. First being a spreadsheet which I hope will give a clear understanding of all of this.
Most of all I am hoping that, by the end of this process, my journey will give even a single person the means and hope to get themselves out of a similar position.
Thanks for reading.
I am back as I today have got Notice to registered keeper showing parking charge amount due now is £100.
What shall I do now? ignore or appeal?
@dx and @ericsbrother Looking forward to your useful responses again.
I see you've been here for a while, so maybe I could suggest that you read around our PPC forums for cases involving Amtrac and other PPCs to understand how they operate.
Here at CAG we like people to self educate so that if the issue ever goes to court they understand the arguments that they need to make.
Don't touch them owe me £500 since January 2019 make excuse after excuse. Seem they always have software problems sending money out. Keep saying they will call back or email nothing been chasing it now for 6 mths the phone staff always have the same banter we will chase it up and get back to you then nothing!