Jump to content

 

BankFodder BankFodder


victoriagraham

PayPal Debt 19.5K

Recommended Posts

I owe Paypal (Paypal europe) 19.5k after being unable to pay back a working capital loan. 

Now i am not worried about owing a large amount of money,

 

what i am asking is why ive never read or seen any cases of paypal or their appointed solicitors (if they have any) take action to recover such debts (of a larger scale),

i have looked loads and can not see any cases

 

Is the any reason for this?,

 

i am not bothered about DCA's chasing me as plenty of experience with that,

but you would think for a large amount it would be worth a punt issuing papers

 

(ps the user name is not my real name)

Share this post


Link to post
Share on other sites

Hi and Welcome to CAG

 

I have moved your topic to Online Stores Forum....please continue to post here to your topic.

 

Andy


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

never heard of a working capital loan...please expand on it and how you got it.

 

if it's like the rest of the S.A.R.L paypal credit stuff, its centre around Luxembourg laws where they appear to be able to loan to just about anyone without anything to protect their money.

 

I expect its a build in gamble they take within their business model.

 

you are correct in that there appears to be no real reffective recourse available to them legally, or more importantly, that they'd ever bother to follow if there were. 

business gamble written off against the £B's they avoided by not paying UK tax by moving to luxy.

 

dx

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

yes it is from S.A.R.L paypal,  is this why they cant take people to court because they are not UK based?

Share this post


Link to post
Share on other sites

never seen it.

 

I find those T&C's funny too

they mention E&W jurisdiction laws but I can't see how they can ever enforce them.

its not credit covered by the UK CCA as you never signed a consumer credit agreement gov't by the UK CCA.

 

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

For those amounts some companies might try and issue a Stat demand or such like

Share this post


Link to post
Share on other sites

How can they enforce one?


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Good point I am more curious then anything else 

Share this post


Link to post
Share on other sites

You dont enforce a statutory demand...its a process to make you Bankrupt ...


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

yes sorry should know better...and I think we've seen it tried to ...an SD, but not on a PP S.A.R.L credit debt, but on other foreign debt

but as they are aware of the OP's correct address then fair warning giving the OP time to deal with help should see it batted away ok.

 

dx

 


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Makes no odds what type of debt is being requested...the SD is issued as a kind of written warning from a creditor. ... If you don't repay the debt in full or come to some other arrangement within 21 days of the demand being served on you, your creditor can apply to make you bankrupt, unless the demand is cancelled or set aside.

 

 


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

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...