Reg 5

Regulation 5 means basically that any contract and its terms must be negotiated how many of you negotiated charges with your bank when you opened the account?

As I said before the judge stated that the OFT was free to use "other criteria" meaning regulation 5

Regulation 5 is the way forward

I think im with Rob too

I keep hearing about regulation 5 that contracts should be negotiated, none of us ever ever negotiate credit agreements or bank acount T&Cs surely this is the route we must now base our claims on?

sparks I agree it stinks

opps

we will never surrender

a battle has been lost the war is not over

I WON!!!!!!!!!!!!!!!!!!! Today recieved a letter from C&G stating they were wrong to charge me an ERC and they are refunding the charge plus 8% interest over 4 years yesssssssssssssssssssssss My best refund yet.

Hi Fountain Head I have sent you an email, I liked your site. Would be good to have a chat sometime

The loans are only designed for short term, but in fact they are designed to keep you indebted to them which is wrong, its nigh on possible to make a one off loan they should be outlawed or at least allow payment plans to be put in place when in financial difficulty, in my experience none of them do. You have to fight tooth amnd nail to be able to pay them back at a reasonable rate.

I have an email from MEMs team leader with the payment plan laid down, I think thats just as good as a letter

Ok made a payment arrangement with MEM £156 per month for 4 months which I can afford. One down two to go.

also MEM said they will only take what i say they can have from my debit card they cannot take more as they have to have my permission, the other though im not so sure due to their US connections.

Ok Update just got a phonecall from MEM a very very helpful young lady who is going to try to set up an arrangement, no promise but at least they are trying, the best of a bad lot will keep you updated as things happen

Ok I have phoned them all emailed them all and they wil not make an arrangement until I default, Poundstilpayday say they will hold the account for 30 days and if full payment is not recieved they will pass on the debt, I can only make 2 payments within this period thats all they will accept, I asked for a copy of their complaints procedure which they have complied with and I have made an offcial complaint. MEM say they will try to take full payment twice and then default the account and try to obtain full payment, I aksed for a copy of their complaints procedure they have not complied, they say via email that they will contact me to reslove the situation, I have told them thats fine but I still require your complaints procedure and in accordance with your consumer credit license they must provide one if they dont then I shall report them to the OFT. Qucikquid have said the same thing as MEM and have also failed to provide a complaitns procedure the same applies to them they told me to send my complaint via email whcih I have done. For those who are interested I wil keep this thread updated as a help to others as all the threads on here seem to go dead after people have failed to make payments and Im sure the payday loan situation will explode very shortly.

Ok I have 3 loans with these people , MEM consumer Finance, PoundstilPayday and Quickquid. Have been in a never ending reloan situation with them all, now is the time to sort it once and for all. I have tried to make an arrangement with all 3 but they have all refused it was a generous offer as well 200 per month until the debt and interest is paid but they just dont want to know, so they have left me with no option but to cancel my debit card and direct debits so now its on my terms, I just dont get why they wont help but that seems to be their way. I wil phone each of them the day after my payday to pay what i originally offered to try and stop the phone calls. Can I trust them to just take what I tell them to? anyone had any experience of trying to do this?

signed

Good luck in that respect I would personally leave well alone

I have 3 of the same letter from Clownells they are easily dispatched

Sounds like you need to get in touch with the OCs (Orginal Creditors) and tell tehm your situation with a crime number if youhave one from the police sounds like ID fraud.

Hi My company operate a sick pay scheme, it used to be if you had more had 3 instances in a year you would not get paid for anymore until 1 year had passed from when you were first sick. Now they are saying that if you are sick more than 3 times in a year you are banned from the scheme for life. My question is can they do this is it legal? Any advice much appreciated

can you post the agreement