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    • 1. BREAKDOWN OF LOAN Amount of Loan : £20,000.00 Loan Terms : 10 Years Monthly Repayments : £230.00 A.P.R (interest %) : 6.35% (FIXED) Note: - We want to confirm you that your loan amount is completely approved by our company for the amount of £20,000.00.So,for you to get this loan sorted you have to go through a credibility check and you are requested to pay your first month installment in advance which is for the month of March. Your second monthly installment will be due in month of April by direct debit. Once you can make the payment of £230.00, you will receive the loan amount of £20,000.00 in your bank account within 45 minutes. 2. RESPONSIBILITY Although this agreement may be signed below by more than one person, Borrower understands that we are each as individual responsible for paying back the full amount. 3. REPAYMENT The Borrower will pay every month through direct debit. There would direct debit mandate which we will ask the customer to sign. Borrower will repay the amount of this loan in equal uninterrupted monthly installments. 4. PREPAYMENT Borrower has the right to prepay the whole outstanding amount at any time. If borrower does, or if this loan is refinanced – that is, replaced by a new note – Lender will refund the unearned finance charge. 5. LATE CHARGE Any installment not paid within 7 days of its due date shall be subject to a late charge of 0.9% of the  6. DEFAULT If for any reason Borrower fails to make any payment on time, Borrower shall be in default. The Lender can then demand immediate payment on the entire remaining unpaid balance of this loan, without giving anyone further notices. If borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge in interest on the unpaid balance at 4.5% per year. 7. RIGHT OF OFFSET If this loan becomes past due, the Lender will have the right to pay this loan from any deposit or security Borrower have with this lender without notice to me. If the Lender gives me an extension of time to pay this loan, Borrower still must repay the entire loan. *Note: The Annual per Rate (A.P.R) mention above will remain unchanged entire the loans terms. “Terms and Conditions” CENTRAL LOAN aim to ensure all information as maintain is: ◦current ◦fit for the purpose intended ◦complete ◦accurate CENTRAL LOAN provide two services to the customer: •We can transfer the loan amount in customer’s account •We can fix an appointment with the customer to deliver the loan amount at customer’s place in few cases (Fee may include). These terms are subject to the laws of England which shall exclusively govern the interpretation, application and effect of all the above permissions, exclusions, licenses and conditions of use and shall be construed in accordance with the laws of England and the parties submit to the exclusive jurisdiction of the English courts. DATA PROTECTION: We may as a result of your interaction with the Site hold and process personal information obtained about you when you access the Site and use it for servicing our relationship with you, for the purposes of fraud prevention and debt collection, to understand your financial needs, to conduct our business and to provide you with better customer services and products from both Best Loans and those of selected third parties, to evaluate the effectiveness of our marketing of the Site and for statistical analysis. We may pass this information to other members of the CENTRAL LOAN group or agents, as permitted by law so that they may do the same and they may pass information held by them about you to us so that we may do the same. We will not disclose any such information outside of the Best Tenant Loans group except for fraud prevention purposes and/or if required/obliged by law or Governmental or judicial bodies or agencies or to our regulators under proper authority, or under a strict code of secrecy to sub-contractors or persons acting as our agents or where we have your consent or have previously informed you. GOVERNING LAW: The Terms are governed by and interpreted in accordance with the laws of England and Wales and the courts of the above jurisdiction will have non-exclusive jurisdiction in respect of any dispute, which may arise.     LOAN INFORMATION: All loans are agreements regulated by the Consumer Credit Act 1974, which lays down certain requirements for your protection, which should be complied with when agreements are made. If they were not, the creditor (LOANS) cannot enforce the agreement against you without obtaining a court order. Written quotations are available on request. All lending is subject to appraisal of the applicant's financial status. To apply, you must be at least 18 and a UK resident (excluding the Channel Islands and the Isle of Man). APR details are correct at time of publication. Certain purposes of loan may be excluded or have limited repayment periods. The rate you are offered will depend on credit assessment procedures, your personal circumstances and other related factors. Terms of agreements will be clearly disclosed to you before you sign the agreement. You will agree to pay the Total Amount Payable on the agreement by the installments and at the times stated. If two or more of you sign the agreement as the Borrower, you are liable jointly and severally, that is together as well as separately. If the loan is secured by a Legal Charge over your property, normally your main residential address, you must sign and have witnessed the Legal Charge as a separate document accompanying the agreement. Products and offers are subject to conditions and can be withdrawn without notice. EARLIER PAYMENT OF YOUR LOAN: You have the right to repay your loan at any time during the repayment period by giving notice in writing. To do this, you will need to pay off the amount you owe under your agreement which may be reduced by a rebate (reduction) of part of the interest. RETURN, REFUND AND CANCELLATION POLICY: You have the right to cancel in writing up to 14 working days after the loan has been issued. Should you have already received the loan funds, you will be charged interest on a pro rata basis from the date of issue until funds are cleared in our bank account. You have the right to a refund or return of loan repayments accidentally or unintentionally made to us or collected by us. Refunds will be made as soon as practicable but normally within five working days of us being informed. You have to right to cancel your loan application if the loan amount is not credited or deliver in your bank account or home address then CENTRAL LOAN will refund the amount you paid within 24 working hours* (*Condition Apply) DELIVERY POLICY: Our loan agreement will only come into force when both you and we or our authorized representative have signed it or agree over the phone. When the loan is made we will open an account in your name(s) and debit it with the Total Amount Payable       The loan (Amount of Credit) will be delivered to you by transfer into your bank account, cash or by another mutually agreed method. Once your loan application has been approved “in principle” and subject to our usual underwriting criteria, your loan will be issued within two working hours of receipt of all the required fees. ANNUAL PERCENTAGE RATE: APR is a standard calculation used across the whole UK finance industry. It is a percentage calculation which lets you compare different forms of credit (i.e. loans, mortgages or credit cards) to help you decide on the best value. The APR takes into account interest as well as fees and charges. TYPICAL APR: A "typical" APR is the APR offered to two-thirds (7.8%) of borrowers. The actual APR you are charged is subject to status so you might not qualify for the typical APR The lender will assess your circumstances, such as your income, how much you can afford to repay, the relative security of your job, whether you're on the electoral roll and your credit history. CENTRAL LOAN typical APRs are as follows: Secured loans – typical 2.82% - 5.62% APR FIXED Unsecured loans – typical 5.60% - 17.60% APR FIXED Undertaking: I hereby certify that all the information given above is true to the best of my knowledge. If any of the above information is found to be incorrect at a later stage, I shall be liable to be disqualified/ refund for the personal loan. Regards BORROWERS SIGNATURE CENTRAL LOAN 1) _______________ 25-27 Surrey Street, Norwich, Norfolk NR13NX, United Kingdom Email: support@centralloan.co.uk Web: www.centralloan.co.uk 2) _________________ Contact Number: - +44-161-5051746       full  load agreement        
    • Ignore...    Wait until you get a Letter of Claim and come back here.
    • I wouldn't just ask them. I would send them an email confirming that the dealer has now agreed to receive the car back and that in view of the fact that they sold the car illegally and also in unsatisfactory condition, they have avoided the contract from the very beginning and therefore all agreements to purchase the car and any related agreements to finance it are now considered void from the outset. Tell them that this is your position and you want it confirmed. If your finance company will not confirm it then you are going to begin an immediate complaint to the financial ombudsman service because they will not be observing their duties under the consumer credit act. I think you need to be very insistent about all of this.
    • Were even if your mother died intestate, there must be some probate and somebody must be administrator. Try and send an SAR And incidentally, the principle is statute barred is a statutory limitation but it is subject to court's discretion
    • I will be contacting both the finance company and the trade centre tomorrow morning myself to make sure I receive written evidence off both parties stating the contract will be getting rolled back.   
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Namjeff731

Another negative PayPal balance thread. Please help.

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Hey guys.

Long story short,

I sold some items on my Ebay,

which a supplier was then supposed to send to them.

 

After almost 4k of sales,

they took their cut (95% of the money) and vanished.

 

Now I'm left with 3 angry buyers who want a refund, and no money.

 

My PayPal account is connected to my bank still which I cannot remove since one buyer already opened a case against me.

I'm aware they may pass the case to a DCA.

What do I do?

Can they take me to court?

UK.

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You can remove the Direct Debit from your bank account.Do it NOW before PayPal take the money. If you have online banking it is very easy to cancel a DD.

If you have linked your PayPal account to a bank card, get in touch with your bank and TELL them to revoke the CPA, and record the call (very important) as they may try to wriggle out of it.

 

To answer your question, no, PayPal don't do court. You will get 6 or so DCA letters, which you can safely ignore. I speak from experience.

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I've now removed any direct debits for PayPal and called my bank,

instructing them to cancel any PayPal cpa,

which I also recorded.

 

Is there any chance the buyers could take me to court or will Ebay/PayPal refund them if I don't respond to their cases on PayPal?

 

I appreciate the help as this is quite a frightening situation to be in, owing thousands.

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PayPal will most likely refund the buyers, as buyers have more protection through PayPal, hence your negative balance.

If the buyers are refunded then they wouldn't have a reason or standing to take you to court as they would have no loss.

 

My case involved just over £2k and I've heard nothing for the last 4 years.

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That's good to hear.

 

I just got off the phone with my bank and they asked for a specific transaction to remove cpa for, as they cannot blanket block all payment taken due to each transaction being separate.

 

He advised me to cancel my card and get a new one which I did,

but my PayPal has my old card details and often re-routes to my current account anyway.

 

Will PayPal still be able to charge me?

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bank talking rubbish again!

cancelling the card does not remove CPA.

simply instruct them and record the call to not honour ANY cpa to PP/Ebay.

 

theres nothing anyone can do to you.

simplt open a new PP A/C with slightly differing details.

 

done it 4 times over +15yrs with PP and their allowance of this Sc@m in their overall business plan

its one of the main reasons they moved everything to luxy.

 


please don't hit Quote...just type we know what we said earlier..

 

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Is there any exact phrasing anyone can give me so they understand? They seem to be confused. How do I explain when they say I can't?

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99% of telephone staff don't know the rules.

 

they are just following a script.

 

might be better to write and or ring and ask to speak to a supervisor...and the bank is?

 

dx

 


please don't hit Quote...just type we know what we said earlier..

 

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My bank is natwest.

I will send a letter also, seen as that way they'll definitely have it in writing.

 

Are there any law guidelines I can use e.g.

'I have the right to revoke any continuous payment authorisation for any companies' etc?

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not surprised there though it might be them

we've seen issues with them not understanding the rules on CPA before.

 

from my notes:

GENERAL NOTES ON CHARGEBACK & Continuous Payment Authority & BACS 
 .....
 We have been telling people to put a letter into their bank instructing them 
not to make any payments under any circumstances to these companies
 .
http://whatconsumer.co.uk/visa-debit-chargeback/- it works!
usually this should be done using the number on your debit card
 .
 banks MUST follow written intructions from their customers !
.
CANCELLING YOUR DEBIT CARD DOES NOT STOP CPA'S
 .
 This fsa guide has now been updated:
 .
http://www.fsa.gov.uk/static/pubs/consumer_info/know_your_rights_guide.pdf
http://www.fca.org.uk/news/continuous-payment-authorities-your-right-to-cancel
https://www.fca.org.uk/consumers/unauthorised-payments-account
 .
 Here's the text:
 .
 Cancelling a regular
 card payment:
 .
 When you give your credit or debit card details to a company and authorise them to take regular payments from your account, 
 such as for a gym membership or magazine subscription,
 it is known as a ‘recurring transaction’ or ‘continuous payment authority’.
 .
These are often confused with direct debits, but do not offer the same guarantee if the amount or date of the payment changes.
 .
 In most cases, regular payments can be cancelled by telling the company taking the payments. 
 .
 However, 
 you have the right to cancel them directly with your bank or card issuer by telling it that you have stopped permission for the payments. 
 Your bank or card issuer must then stop them – it has no right to insist that you agree this first with the company taking the payments.
 .
 Be aware, though, that you will still be responsible for paying any money that you owe.
and that CANELLING YOUR CARD WILL NOT STOP THE CPA
 .
 ..
 .
 New june 2013
 .
 Regulator orders Banks and mutuals to review complaints about not cancelling recurring payments from November 2009.
 .
 Consumers who have set up a regular payment from their account will now be able to successfully cancel that arrangement 
 by contacting their card provider, the Financial Conduct Authority said.
 .
 The FCA has been examining how easy it is for customers to cancel Continuous Payment Authorities (CPAs) 
 due either to payday lendersicon or for other regular payments such as subscriptions or gymicon memberships.
 .
 CPAs, which are also commonly called recurring transactions or recurring payments, 
 are relatively easy to set up but can be hard to cancel, causing problems for consumers trying to manage their finances,the FCA said.
 .
 Now, following the FCA review of how the largest high street banks and mutuals process requests to cancel CPAs, they have agreed that they will ensure that when 
 a customer asks for a recurring payment to end, that will be sufficient to cancel the arrangement. They have also confirmed that should a payment go through by 
 mistake following cancellation by a customer the customer will be refunded immediately.
 .
 In addition to securing this commitment, the largest banks and mutuals have agreed to review every individual complaint they have received about the non-
 cancellation of a CPA and to pay redress where payments have continued to be made despite the customer cancelling the arrangement. This applies to all complaints 
 since November 2009 when the Financial Services Authority, the FCA’s predecessor, began regulating banking conduct.
 .
 Clive Adamson, the FCA’s director of supervision, said: “It’s important that consumers are confident that banks are meeting their everyday banking needs. Today 
 customers can be confident that when they ask for a Continuous Payment Authority to be cancelled – it will be cancelled - and that it can be done easily. 
 .
“We recognise that historically this is an area where some customers have struggled but the banks and mutuals have responded positively to our work on this issue. 
 From now on we expect them to be getting this right. In addition, they have committed to review past complaints.”
.
 .
 Also mentioned your displeasure that as whomever took your money had obviously attempted this many times 
 probably activating your banks own anti fraud software - nobody had the decency to inform my you this was going on.?

.
 .In the FSA's own words:
 .
 ..
 What should I do about a payment from my account that I didn’t authorise?
 .
 Your bank must refund an unauthorised transaction. 
 Money can only be taken from your account if you have authorised the transaction 
 or if your bank can prove you were at fault – 
.
see below.
 Contact your bank immediately if you notice an unauthorised payment from your account.
.
 If you are sure you did not authorise the payment, you can claim a refund. 
.
 However, your bank does not have to refund you if you do not tell it about the payment until 13 months
 or more after the date it left your account.
 .
 Your bank must refund an unauthorised transaction
 .
 ------------------
 .
 Your bank may only refuse a refund for an unauthorised transaction if:
 .
 ? it can prove you authorised the transaction 
– though your bank cannot simply say that use of your password, 
 card and PIN proves you authorised a payment; or
.
 ? it can prove you are at fault because you acted fraudulently, 
 or because you deliberately, 
 or with gross negligence, failed to protect the details of your card, PIN or password in a way that allowed the transaction
 .
 -----------------------
 .
 How quickly must my bank refund me for an unauthorised transaction?
 .
 The bank must make the refund immediately unless it has evidence that one of the above reasons applies. 

 Your bank may ask you to answer some questions and fill out a form confirming what has happened, 
 but it cannot delay your refund while it waits for you to return the form.

 If the bank has evidence that one of the above reasons for refusing a refund applies, 
 it may investigate before making a refund 
 but must look into it as quickly as possible. 

 If your bank rejects your claim for a refund it should explain why.
 If the transaction was on a credit card, the refund may not happen immediately. 

 But the card issuer cannot charge interest or ask for repayment of the amount unless it can prove you are liable to pay
 

 

 


please don't hit Quote...just type we know what we said earlier..

 

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This is infinitely helpful, thank you so much. It may be because the 3 payments are currently on hold on PayPal, and the cases have not been ended yet. What should I say if the bank staff say 'which transaction would you like to prevent?' The 3 on my PayPal? Thanks for the support you guys, its reassuring.

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Update: I just had another lengthy phone call with my bank. They said it is not possible to stop payments to a third party retailer as that wouldn't work. After explaining many different ways that PayPal have my details and I wish to prevent them taking any payments, I was met with the same answer. I explained several times I was not trying to cancel a direct debit, but a CPA. She told me if it was Netflix or a gym membership, it would be different.

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55 minutes ago, Namjeff731 said:

Update: I just had another lengthy phone call with my bank. They said it is not possible to stop payments to a third party retailer as that wouldn't work. After explaining many different ways that PayPal have my details and I wish to prevent them taking any payments, I was met with the same answer. I explained several times I was not trying to cancel a direct debit, but a CPA. She told me if it was Netflix or a gym membership, it would be different.

1

    

You need to speak to a supervisor, not the first clown that answers the phone.


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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I had another in depth phone call, this time with the floor supervisor. He explained to me that because I'm trying to stop several one off payments, not recurring payments, that they cannot block PayPal from taking money from my account, and that even if they did put in place a PCA cancellation, they could push it through anyway, as the responsibility lies with PayPal. My card is cancelled but it looks like I cant do anything more. Suggestions?

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That isnt true, they just dont want to foot the bill themselves. The CPA to Paypal is covered by the DD guarantee so they would be wiser to stop them going out in the first place.

 

The other lesson to learn is dont sell things you dont own as you are liable so can still be sued by the unhappy buyers for non performance of contract.

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Over the last few months I've read almost every page and forum there is concerning paypal debt and collectors, because I have my own paypal debt of 2.3k.

 

Some say if you are unresponsive and ignore debt collectors, you will end up having to pay court fees much higher than the original bill, others say you can ignore them and they will just go away, with no court case ever happening.

 

This site seems to be by far the most positive in terms of certainty of not having to pay them, although I dont know if this is due to a higher level of experience and knowledge here, a lack of knowledge everywhere else or both.

All stories seem to go MIA after a while or be over 5 years old,

 

I'm looking for any tangible stories of the long-term.

In short, I do legitimately owe this money but I was scammed by someone else into doing so (see my other post) and to pay it back would make life hard for me for the next few years while I pay off the money, and I want to avoid any mounting costs.

 

PayPal do not have access to my bank as they have not taken any money.

I have received no letters and so assume they are being sent to an old address, although this does make me worry if I did recieve a court summons I would miss it.

 

I'd be very grateful for an up to date discussion on these matters and any personal experiences anyone can offer. 

 

-b

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topics merged.

 

there is nothing that can happen to you...end of.

 

there no update as people cant be bothered to update a nothing burger.

 

Some say if you are unresponsive and ignore debt collectors, you will end up having to pay court fees much higher than the original bill

 

but not on paypal debts.....


please don't hit Quote...just type we know what we said earlier..

 

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Thanks for the reassurance, my faith started to waiver when I got a text from a DCA about the Ebay fees (£377) which I paid seen as it wasnt paypal and I'm sure ebay are more efficient in collecting money. I blocked PayPal's number but they still leave me several voicemails a day. Will update.

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Small update. Wescot have now started perusing me, to which I immediately sent a letter spelling out the necessity to stop all contact until they prove the debt is mine. Since they shouldn't have my signature as I didnt sign anything, hopefully this will work. Any experience with these guys?

-b 

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Ignore them. Theyre a DCA.  DOnt even consider communicating with them. Paypal wont go anywhere near court, and wescot can never do a single thing anyway.


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

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opps pointless letter tennis match started...

 

 


please don't hit Quote...just type we know what we said earlier..

 

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Got my 'we are looking into your account, this may take several weeks' letter response from my demand of a signed agreement as proof of my debt, which should not exist. Hopefully paypal's evidence is as poor as everyone says.

-b

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as my last post


please don't hit Quote...just type we know what we said earlier..

 

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Hi, I’m in a similar situation to you but with a lot more negative balance (a lot more!!!) how have things been since your last post? 

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