Jump to content


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


Recommended Posts

get reading up too

cag is about selfhelp and empowerment

 

pers id follow the guide and get an irl complaint running.

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

A Guarantor cant make a IRL complaint DX...that would have to come from the OPs sisters daughter (niece).

 

 

 

.

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 Topic please PM me a link to your thread

Link to post
Share on other sites

So the IRL complaint would have to come from my niece? Only thing with that is, my sister said that was why she needed a guarantor because her daughter is on benefits 

Link to post
Share on other sites

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... 

Link to post
Share on other sites

WWW.FINANCIAL-OMBUDSMAN.ORG.UK

Common complaints about guarantor loans and how we handle them.

 

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 Topic please PM me a link to your thread

Link to post
Share on other sites

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
spacing
Link to post
Share on other sites

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... 

Link to post
Share on other sites

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
Link to post
Share on other sites

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... 

Link to post
Share on other sites

  • 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
spacing
Link to post
Share on other sites

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... 

Link to post
Share on other sites

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 ? 

 

 

 

 

Link to post
Share on other sites

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... 

Link to post
Share on other sites

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... 

Link to post
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??!

Link to post
Share on other sites

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
formatting
Link to post
Share on other sites

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... 

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
 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...