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Guarantor in a pickle due to non-payment George Banco (aka Everyday Lending Limited)


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correct thats what i said yes

perfect reason and a shot credit file another

#they should never had loaned to her in the 1st place.

 

dx

 

 

 

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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WWW.FINANCIAL-OMBUDSMAN.ORG.UK

Common complaints about guarantor loans and how we handle them.

 

We could do with some help from you.

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Hi everyone,  it's Massamum's sister here. Thanks so much for all your advice so far. 

 

I've had a few emails from George Banco asking me to get in touch because they want to 'help me'. I'm not sure how to respond. 

 

Do I wait for a Letter of Claim before responding? 

Will the Letter of Claim be called anything else so I can recognise it?

Then how do I respond?

 

 

Do I threaten them with going to the FCA with a complaint  because default notices weren't sent to me or my daughter before they tried to take payment? 

Sorry, but what is an IRL complaint ?

 

I believe my daughter has to make it, not me as the guarantor.  Sorry for question after question! 

 

The worry of this is affecting my health and state of mind so any advice will be most gratefully appreciated.  

Edited by dx100uk
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you know if you get a leter of claim

to be honest id not (you) contact them at all.

 

get you daughter to raise one of these

 

should kill thiungs dead or atleast reducer the balance to virtually zero

 

 

PDL Claim Guide - WIP.pdf

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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Hi Dx,

thanks for your reply.

 

I'll get with my daughter tomorrow and she will raise what u have suggested.

 

One more question,

shall she wait till she gets a letter of claim or can she raise it tomorrow?

 

I know I'm impatient, just want to see an end to all the stress. 

Edited by dx100uk
unnecessary previous post quote removed
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do it regardless

 

dx

  • Like 1

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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  • 2 weeks later...

Hi, just a bit of an update. 

 

My daughter put in an irresponsible lending complaint letter using the template dx100uk kindly supplied. 

 

checking both of our credit reports, we saw there were no hard or soft searches done by George Banco.  They accepted me as guarantor without even checking!! I was so shocked.  

 

G. Banco acknowledged the letter of complaint saying they will respond up to 8 weeks and sent us their complaints procedure.  

 

Prior to this, my daughter sent George Banco an  income and expenditure sheet and they wrote to my daughter saying that they have stopped the interest.

 

Would anyone on here be able to tell me, should she keep making the monthly payments in the meantime or not? 

 

Edited by dx100uk
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stop interest or removed all int paid to date?

 

can you view the A/C online at the everyday loans portal?

 

i'm wondering were this sits now regarding payments made to date and current balance.

though i would also  IRL complaint will also hit the outstanding balance hard too.

 

what date did they state int would stop>

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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The email wasn't very detailed. Banco said the interest is stopped. No further info. 

 

I don't have the portal details. I will look into it. 

When I questioned banco in the past how much interest is owing to date,  they said they couldn't tell me until the end of the loan, when the original loan is paid off. 

I'm sorry, i don't understand your reply about the irl complaint hitting the outstanding balance hard ? 

 

 

 

 

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You might not owe 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... 

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how much is she paying?

 

dx

 

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

My daughter said she put a payment plan in place after submitting her income and expenditure sheet. 10 a month towards the debt and 5 pound a month towards the arrears. 

 

I emailed Banco to ask if the interest is being stopped on this and that's when they told me that the interest is frozen. They also said a payment plan isn't in place because after checking my daughters sheet, she has no money left over to pay.

 

A few times they have told me different things to what my daughter has said??!

Edited by dx100uk
added A few blank lines only..dx
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Well they can't 'hurt' her more until irl is sorted.

So can't hurt if can't pay for now

 

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

  • 2 weeks later...

Hi dx100uk, 

 

My daughter received an email today from George Banco.  I've uploaded it here for your advice and guidance please.  

 

Banco have admitted they cannot confirm that responsible checks were completed.  This is great news! They have wiped £740.95 that my daughter has paid off the debt to date. 

 

They say £259.05 is remaining and have sent her an income and expenditure sheet to establish the amount she can afford to pay towards that balance. 

 

They said they will remove any interest and charges from the agreement and will remove the loan from her credit file

I can't tell you how happy we are and how thankful and grateful for all your help. 

 

I am of the view that my daughter shouldn't have to pay another penny off the balance.

Due to the irresponsible lending in the first place. 

 

What is your opinion please? 

Do you think we have a good chance of fighting this latest update?   

 

 

George Banco response letter to complaint (1).pdf

Edited by dx100uk
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how much has she actually paid to date? has SHE any records of her own?

for them to say they are going to refund anything over £1k paid+8% is a useless thing to say if she hasn't paid over £1k :crazy:

 

either they have explained things wrong or mis-interpreted fca/fos guidelines in what to do in these cases.

 

dx

 

 

 

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

:cheer2:

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

  • 4 weeks later...

Hi dx100uk

, sorry for the late reply. With one thing and another my daughter has just got back to me.

 

After doing her calculations, she said ahe has repaid Banco less than £1,000. 

 

She hasn't filled out the income and expenditure sheet she was sent.

 

She has had no contact with banco since they admitted they didn't carry out the proper checks on us and they haven't chased either of us anymore. 

 

Please recommend the next stage if there is one? 

 

Thank you for your help, as ever. 

Edited by dx100uk
added A few blank lines only..dx
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How much has she paid then? No good asking me a question, when what we need is the answer to what banco stated, they are not going to demand anything if she's paid over £1000......so.....

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

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