I took the loan in 2011 so there's 2 years left on it. So I'll probably leave it.

Hmmm It's all a learning curve to me But thanks to everyone who's chipped in as this forum seems to be the most active and current from the others So what is the best way to complain to Swift Sterling for irresponsible lending? As I doubt they even did a credit search on me before issuing me with the loan, I can't remember the what I did in order to give me the loan to be honest.

I shall not be contacting them either way. However surely the contract sill lies with the creditor and not the DCA though. I'm not scared of them in any way shape or form to be honest. If it's taken them since 2011 to respond they can't be that bothered in collecting the debt.

The three letter process is free as the templates are available to download on the their forum. I see some people are having success with the three letter process though. What is the CAG way then? As I've been advised just to nothing and ignore the letters from MMF, surely this can't be the CAG way. I'm not trying to cause trouble, I just want t ascertain the best way forward in order to deal with MMF.

Ok But if the Debt collectors are being under handed and trying to recoup debt in a unlawful way surely there is a need for these kind of forums? What's different between the advice given on this forum as apposed to the others?

Hi Fkofilee Which forum would you like me to stay away from an why? I cam across the other forum first whilst faced with my issue. I tried sending you a PM but the forum wouldn't let me due to not posting 30 posts. Thanks Mark

Hi dx I think I shall do that Sorry I'm fairly new to all this and when you kind of get to grips with one thing then up pops another. Many thanks for your help. Mark

Hi Dx Thanks for the reply. Welcome Finance has been dealt with as they were trying to chase debt that was statue barred, resulting in the debt being set asside. Well I shall ignore MMF then Basically what I can't get my head around is that surely Swift Sterling should of done a credit check on me before issuing the loan to me, being a "Responsible" lender to ascertain the risk? If I've defaulted on this loan which I have, surely this default would of been recorded on my credit file? I can't seem to see anything under the consumer credit act in regard to credit checks or carrying out checks before the issue of the loan. Hope that makes sense I often go on a tangent Mark

I gathered it wasn't statue barred however surely as a responsible lender they should of done a credit check before issuing the loan to me and the default being recorded on my credit file? The initial loan was for £200.00 and the balance has risen to £318.96. Surely as "responsible" lender they should of carried out a credit search and when I defaulted should be recorded on my credit file?

Hi Thanks for the replies. I took out the loan on 3rd May 2011 as shown on my bank statement. When I took out the loan with Swift Sterling, I was in a similar situation with Welcome Finance, when I received a claim pack from Northampton wanting to take me to court, so I checked my credit file and the debt for Welcome Finance wasn't on my file, so I filled in the N244 form sent along with my credit file stating the debt was Statue Barred and to be set aside and I received a letter a week later from whoever was acting on their behalf to say that they were no longer pursuing with the case and the it was quashed. So I'm in two mind whether or not to reply to the letter or wait until they try and take me to court for this? Thanks for your kind advice so far Mark

Hi I have received a letter from MMF in connection with the Pay Day loan lender Swift Sterling. I have received letters in the past from MMF but I put them in the bin and buried my head in the sand. (Not the best option I know) I have looked on my credit file to find it is no longer there, I'm assuming they haven't done a credit search before giving me the pay day loan or the debt has dropped off? Any help would be greatly appreciated. Thanks Mark