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Kensington - want me to pay loan settlement/redemption settlement by 'Telegraphic transfer'??


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Posted (edited)

Hi,

Could someone tell me what payment method a telegraphic transfer is and is it the same as faster payment done online  through your bank??? (its in regard to a final secured loan payment,redemption payment)

Thanks

Edited by Tired and Weary
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what is a telegraphic transfer payment - Bing

 

usually a con used by scammers.

..

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... 

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Posted (edited)

Yes ive read similar but is it the same as a bank online faster payment?  The company requests payment by telegraphic transfer. I usually pay my regular monthly payment  by debit card online.

 

 

Edited by Tired and Weary
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no how can it be...

stop playing secret squirrel.

 

who is wanting you to do one of these and whats it all about please.

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... 

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so you've already made this payment?

if not use BACS on your banking webportal.

 

 

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... 

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Share on other sites
Posted (edited)

No i havent made the payment yet ,but i dont want to be tricked into paying the wrong way and giving them an excuse to add any sort of charges. On the redemption statement it says the payment must be made by telegraphic transfer in their Barclay account..... doesnt mention any other option.

Edited by Tired and Weary
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just kensington then

they never know what they are doing or saying.

 

if you have their sort, A/C number and your ref number simply pay it by BACS on your banks webportal which is i think what they mean.

 

hope you are not blindly paying £1000's in penalty charges like arrears.letter.late, etc they've added ..

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... 

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Share on other sites
  • dx100uk changed the title to Kensington - want me to pay loan settlement/redemption settlement by 'Telegraphic transfer'??
Posted (edited)

No i dont have loads of charges, its less than £300 the redemption payment  . I just called my bank and the guy says its a Chaps payment,where i have to personally go into the bank and they charge a  fee (£30)  and its not worth it for that amount!!!

Edited by Tired and Weary
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its probably the office junior at kensingtons .

just ask them if you can use faster payment from your banks web portal.

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... 

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Share on other sites
Posted (edited)

Contacted Kensington and the lady told me i can just make a online regular faster payment .She said the  telegraphic method(chaps) is mainly for solicitors making much larger transfer etc.... so hopefully should be ok 🥴 Just need to calculate the daily interest  since the start of the redemption statement figure  (which is valid for 1 month) before making the payment .

Thanks DX

Edited by Tired and Weary
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:whoo:

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... 

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Share on other sites

"Telegraphic Transfer" is an old fashioned term that's not actually used by banks any longer, not within the UK anyway. (When was the last time anyone sent a Telegram!). It just means that you instruct your bank to transfer money directly to their bank, so the modern equivalents are Faster Payments or BACS or CHAPS depending what's most appropriate to your situation. Sounds like Kensington haven't updated their standard procedure for about 50 years!"

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