alanalana
-
Posts
4,571 -
Joined
-
Last visited
-
Days Won
2
Content Type
Profiles
Forums
Post article
CAGMag
Blogs
Keywords
Posts posted by alanalana
-
-
Good result CB. I still try and keep up with events. You are doing a sterling job. Regards to all on the team
-
Well after various recovery agents etc Britannica have now sold it to ME III Ltd with Marlin Financial acting as agents. I believe they are the same company etc but they have asked for a new I&E and want me to stop paying and change to them but i don't trust them obviously. has anyone got any advice on how to deal with these.
what can i expect apart from the barrage of phone calls. are they in form the long haul or short term and then sold on
I have a similar issue with a family member. Debt issue was sold on to a DCA. They chased and sold the debt on again. I eventually paid off the debt (Mackenzie Hall) but did not receive any receipt or acknowledgement of the debt. Yes they then sold on the debt again to another DCA. (and several more since - too many to name them all) we have been hounded ever since but now just ignore any calls or letters. I believe the debt is with the original debtor if they sell on the debt then you have no obligation to settle. The original agreement was not with a DCA but with whoever. If they decide to sell on the debt then IMO you have no obligation to pay as they will not be able to provide a loan agreement between you and the DCA trying to recover any money sold on by the original loan agreement provider.
We have had 8 years of hassle, letters, phone calls, threats of debt collectors, bailiffs, court action and more. If an outstanding loan is sold on to a DCA then IMO the DCA has no legal right to claim any money as they will not be in possession of any signed agreement between you and them.
You should not acknowledge any debt to a DCA you do not have any agreement with them and they will hound you and make life miserable for you.
Fight them and use the info above to make your case.
Good luck with your fight
-
Pounds to Pocket
Representative 278% APR. Representative example: Borrow £500 and pay £79.09 per month for 12 months at a fixed interest rate of 140% per year.1 The total charge for credit is £449.01 (all interest). The Total Repayable is £949.01.
Welcome loans
Monthly Loan Repayments: £46.33
Application Date: 3/3/2013 processing Fee: £79.99
Requested Amount: £500 Loan Term: 12 months
Total cost of this £500 loan over 12 months is £635.95
Just stumbled upon this in my search of loan companies>>>>>quite shocking
DOSH loans
Best payday loans
As a responsible payday loans lender, we offer the best online payday loans and rates if you want to have money in your bank account fast. Unlike other lenders, we have a dedicated UK customer service team, always available to answer emails, take your calls and help you with your loan application. We do our best to make your loan application process as fast and hassle free as possible so you can have the money in your account on the same day. Usually, this means an instant online decision and a fast bank transfer, straight into your bank account. Whatever you need your loan for, we can provide the best payday loans to fit your individual requirements.
When you borrow from us, you choose how much you want to borrow (from £50-£1500) and how long before you pay it back (up to 30 days in the future). You fill out a simple application form telling us about your circumstances, but we there is no credit check. All we want to know is that you are in employment and getting paid and that the money you make is enough to cover the loan you wish to take out. In most cases, filling out the online form is all it takes and you can get bad credit payday loans instant decision!
Occasionally we may need a bit more information from you, which may include some documents that you can fax to us and still get your money on the same day. Our customer service agents are always at hand to make sure we receive your documents and can approve your loan quickly. As one of the best payday loans providers in the UK with great rates, we try our hardest to get you money when you need it most. Start your application now and the money could be in your account today. If you’re looking for the best payday loan companies in the UK then apply today!
Note: If you provide incorrect information we reserve the right to charge £2.50 to cover our processing cost
Back to My Account
New Loan
Title*
First Name*
Last Name*
Date of Birth*
Email Address*
National Insurance Number
Mobile Phone*
Home Phone*
Work Phone*
Postcode*
Homeowner?*
Address
House #:* Street:* Apt #: How long have you been at your current address?*
City*
Region*
What is the equity in your house?*
What other assets do you own?*
Upload proof of ID
Current File:
[Remove]
Reupload:
Upload Payslip
Current File:
[Remove]
Reupload:
Upload Bank Staments
Current File:
[Remove]
Reupload:
How much money you need?
How much money you need?(max £1500)
How many days you need?Days
Repayment date: Tuesday April 2 2013
Borrowing £100.00 + Interest £24.20 + Fixed fee £15.00 = Total to repay £139.20
How do you like to receive your payment?
Faster Payment £15 to £50
This service incurs a £15 for amount lower than £100, £20 above £100, £25 above £150, £35 above £200, £45 above £250 and £50 for amounts above £500
Bacs £free
(3 -4 working days)
Your income & payday loan details
Primary Income*
Company Name*
Time with Employer*
Head office tel no*
What industry do you currently work in?*
How long have you have had an UK Bank account?*
What is the average balance of this account?*
EmailPassword Help
home
how it works
about us
my account
Welcome to Wonga.
We can deposit up to £400 in your bank account by 04:51 today.
Existing customers may be able to borrow up to £1,000, depending on your current trust rating.
how much cash do you want?Max
£400how long do you want it for?Days
(Repayment date: Mon Apr 01 2013)Borrowing £400 + Interest & fees* £121.48 = Total to repay £521.48
Representative APR 4214%
*See representative example
APR is not the same as actual interest charged find out more
Wonga customers
populus survey of 2012 with over 25,000 respondents
Responsible lending
Wonga is committed to
responsible lending and the
Good Practice Customer Charter
Wonga loan £400 for one day =
(Repayment date: Mon Mar 04 2013)Borrowing £400 + Interest & fees* £9.50 = Total to repay £409.50
and 7 days = Borrowing £400 + Interest & fees* £33.50 = Total to repay £433.50
and at 14 days =
(Repayment date: Sun Mar 17 2013)Borrowing £400 + Interest & fees* £61.49 = Total to repay £461.49
and to borrow for one month = Borrowing £400 + Interest & fees* £129.48 = Total to repay £529.48
Do not go to this company there are better options if you are in need.
aa
-
People know my thoughts on why theres no cap set by the government. however theres no concrete proof as its done behind the scenes
Hey renegadeimp,
keep on posting and spread the word about these companies. Steer clear or suffer. There are better ways to survive.
aa
-
December 2012 - Newsletter
CAG Newsletter for December above, featured mostly PDL articles. Two of which are linked below. 1 - That PDLs might be capped - I do hope so and a map in the 2nd link showing what the rest of the world charge - were
http://www.consumeractiongroup.co.uk/forum/content.php?931-Payday-loan-rates-to-be-capped
http://videos.icnetwork.co.uk/m4/loanmap1.jpg - Map of the world showing PDL rates, almost all other countries have a cap on PDL rates.
.
Hey CB we need a ban more than a cap. I see the legalised loan sharks are taking advantage if the current financial mess and targeting those less well off even more. Quite a despicable attitude IMO but they are not in the game for welfare JUST A MASSIVE PROFIT. These loan companies have no heart, no compassion, no understanding (oh yes profit) and most definately no conscience. (wikipedia "Conscience is an aptitude, faculty, intuition or judgment of the intellect that distinguishes right from wrong".
These organisations are the only ones that will have a survival rate in the current recession. Sad thing is they have no effect on the more affluent in our society only the less well off.
another rant over
aa
-
Hi candyapple1,
Yes they would!!
The banks will claim anything to prevent paying out PPI refunds. If you have the information in black and white from barclaycard then IMO you should pass the black and white info to the Financial Services Authority as well as the FOS. Time to tell everyone about everything on the PPI issue. It is now in the open. It is agreed it was mis-sold on a huge scale by most banks, loan companies, credit card companies, mortgage companies, insurance companies, in fact nearly every financial institution was on the PPI bandwagon. So tell Barclaycard it is now time to pay up and not delay things any further or you will broadcast their delay to all the relevant authorities. FSA, FOS, OFT and the media. Get in touch with your local news paper radio station etc. Time to put the pressure back on if they are playing hardball.
If you need links to the authorities let me know and I will post the links to you.
some links may now not work as they were posted up some time ago before I left the site team. Some though may be of use
aa
-
Thank you for the correct link
aa
-
Here is the response from Advertising Standards Agency
"YOUR COMPLAINT ABOUT WONGA.COM LTD
Thank you for contacting the ASA. Our role as an organisation is to help ensure that advertising is legal, decent, honest and truthful. We can intervene if an ad that has been broadcast appears likely to be in breach of the UK Code of Broadcast Advertising by, for example, being likely to cause serious or widespread offence, being materially misleading or risking causing significant harm. How many suicides are required because of spiralling debt that there is no way out of??
We note that you object to the advertiser not displaying the APR applied to their loans during the ads. We recently published an adjudication following an investigation into similar complaints relating to this aspect of Wonga’s advertising. These complaints were ultimately not upheld and it was determined that although we considered it desirable for ads for short-term high cost credit products to alert viewers clearly to what was on offer, we concluded that the ad was unlikely to mislead viewers by omission of material information concerning the rate of interest. If you would like to read the decision in full, the adjudication is published on our website here. The link came up error 404 not found...http://www.asa.org.uk/ASA-a_ction/Adjudications/2012/7/Wonga,-d-,com-Ltd/SHP_ADJ_165605.aspx
On the basis of this decision, we consider that the ads are unlikely to breach the Code for the reasons you suggest and we will not be taking any further a_ction on this occasion
I realise this may not be the outcome you were expecting, but thank you nonetheless for taking the time to contact us with your concerns. If you would like more information about our work, please visit our website, http://www.asa.org.uk."
Up against a brick wall it would seem. Until Laws are changed it seems we are stuck with legal reprehensible loan companies and Legal gambling ads. This will do a lot to pull the economy back from the brink!!
Rant over
-
hi can someone help me please i am due to pay my wonga loan of £430 tomorrow (10-02-2013) i have emailed wonga today to ask for a repayment plan and ask all interest and charges to be suspended, i have contacted my bank to block the payments but they have said because its not a recurring payment on my account they can't block it and to ring back tomorrow to see if it comes up on my account as a recurring payment once wonga have attempted to take the money tomorrow. been in to branch today and the guy i spoke to has blocked my card so it no longer exists, he seems to think this will stop wonga from being able to take any payments from my account, is he correct?? or do they have another way of getting money from my account?? i have money due to be paid in on monday (working tax) im hoping i can get to it at midnight before wonga do. any help will be gratefully recieved, thank you
Re my last post. If you took out a WONGA loan after seeing their TV ad and committed to borrow without being aware of the APR of x% then you should fight this as it is not allowed to advertise without informing people of the Interest they will be expected to pay back.
Firstly complain to the Advertising Standards Agency as per my link in the last post. Then confront WONGA with the issue of their failure to notify the APR in their TV ads and tell them you will be writing to the ASA, and the Office of Fair Trading. Website link is here>>>http://www.oft.gov.uk/
WONGA will try and delay you for as long as possible in the hope they wll get you to carry on with a default and therefore increase the amount you owe them. They provide a repayment plan to keep the debt ongoing and therefore make it more difficult for you to pay it off. Then they will add more interest at an extortionate rate and so the wheel of debt is set in motion. WONGA loans are muppets just like the ads on TV. Let the people who run this scabby organisation show themselves and give an explanation.
I wish you well with your fight.
aa
-
Have a look at this and see if it helps. Wonga have stopped advertising the APR on their tv ads. I have complained to the Advertising Standards Authority and so should you just to make a point>>>>>
http://www.consumeractiongroup.co.uk/forum/showthread.php?382558-Wonga-advertising-issue-is-it-legal
the ASA link is here>>>http://www.asa.org.uk/
hope this helps you out.
aa
-
You could always report them and see what they say.
Job done see this link.....http://www.consumeractiongroup.co.uk/forum/showthread.php?382558-Wonga-advertising-issue-is-it-legal-(6-Viewing)-nbsp
aa
-
Even the MOD have banned calls to 118 numbers
-
My complaint to the Advertising Standards Agency is as follows:
The most recent WONGA loans advertisements do not show any detail of the APR which will be applied to any loan. This is misleading to any potential client requiring a loan service. There must be a clear indication of any APR attached to any loan as is required on any credit agreement for bank loans etc.
The WONGA loan ads used to show the APR but for some reason this has now been removed and I believe this is in contravention of the ASA rules. Any unsolicited approach to individuals for credit agreements or loans should show the APR which will be attached to the product.
WONGA seem to be failing in their legal responsibility to advise prospective borrowers of the APR they can expect to be applied to any loan they sign up to.
The ADS should be removed from the media, amended to show the APR so consumers are aware of the MASSIVE interest rates that will be applied to any loan or better still banned from advertising such a derisory product during the current financial situation which is driving many to the point of desperation. I wonder if that is the reason the APR has been removed from the WONGA add?
They may see this as an opportunity to gain more clients without supplying the mandatory information to prospective clients. This surely is against the regulations of the ASA and should be stamped on immediately. Loan companies should not flout the law.
If a bank or building society etc attempted to get custom without advertising all the relevant facts on loan APR, Mortgage APR there would be a huge outcry and this should be the case with loan companies such as WONGA and many others.
Please check out the WONGA ads on TV and if they do not advise on the APR to be attached to their loans, tell them to change the ads or remove them. Thank you for allowing me to voice my complaint. I hope you will consider my complaint seriously and take the appropriate action against this loan company who seem to be flouting the law whilst advertising in what I consider to be an oppressive and illegal manner during the current climate of austerity.
This loan company along with others should in my opinion not be allowed airtime when people are struggling to make ends meet due to the current fiscal climate. These companies are basically legal loan shark companies being allowed to prey on those who are struggling to make ends meet and will have even more of a struggle if they sign up to loans with the likes of WONGA and Co.
-
Is this an issue for the advertising standards agency? the link is here>>>>>http://www.asa.org.uk/Consumers/What-we-cover.aspx
time to complain?
aa
-
I have recently noted that the Wonga ads on TV no longer show the MASSIVE APR that is attached to their loans!
Should they show the expected APR on their ads? Is it legal to omit the APR? and if they are in default what can be done?
Legal folks please look in and advise!!
aa
-
Has anyone noticed the latest Wonga ads on TV show no APR listing ie massive 4000% plus. Is this legal or is it a measure to keep innocent borrowers in the dark as to what they will face if they fail to meet the repayment on the due day?
Legal minds needed on this one I fear:
aa
-
Either way it is very expensive, isnt it ?
Yes it is CB but you can search on some of the links and come up with results before you commit to the drastic 118
The links do actually work in the original post
-
It seems from the time I got started on CAG with PPI and there were many successes including my own the claims management companies have jumped on the band wagon. This is sad as it will lead to claimants receiving less than they can claim through the FOS or courts and I am informed that any claim through the FOS will incur a £850 fee against the company being complained against.
This appears to me to be the second PPI ripoff in the PPI issue. First the banks and then the reclaim companies. Nice to know something is happening to curb this second ripoff against PPI victims.
aa
-
Hello all CAG members.
I have opened this new thread to hopefully address the issue of directory enquiry costs.
http://www.guardian.co.uk/money/2011/may/16/warning-118-directory-enquiries-charges
http://www.dailymail.co.uk/news/article-1195274/118-inquiries-cost-times-callers-think.html
Full listings of directory enquiry call numbers are here:
http://www.telecom-tariffs.co.uk/dialdirq.htm
http://www.guardian.co.uk/money/2009/dec/01/mobile-directory-enquiries-service
http://www.guardian.co.uk/technology/2006/dec/02/news.mobilephones
http://www.lovemoney.com/news/[problem]s-and-rip-offs/rip-offs/12025/the-big-118-ripoff
http://www.moneysavingexpert.com/phones/directory-enquiries-free
http://www.thephonebook.bt.com/publisha.content/en/search/residential/search.publisha?
When I post I hope all the relevant links work and sorry if there is a duplicate on this issue on the site.
aa
-
1
-
-
OK sorry to jump in without the full information.
aa
-
Remember a complaint to the FOS will automatically result in a fee to Money group of £850 to take on the case you may like to inform them of the action you intend to take.
The £850 figure comes from IMS21 it used to be £500 when I was last involved with CAG.
Good luck we are with you.
aa
-
Dont think the lady likes me
this is the reply i recieved from her today,
she only included the documets for the one insurance and not the life cover or the other ppi
and it shows clearly the cover only lasts for part of the life of the loan and I think it only applied to the loans taken out at the same time
which means it would not pay out after the loan was repaid.
and the sales rep definately told us they would not give us the loan without the insurances
despite what thier documents say, maybe they would have but we were told different.
They dont seem to be willing to change thier stance and I wonder how many they have managed to put off claiming thier insurance back.
Any help with the next step would be appreciated
jdene
Hello jdene,
IMO I believe you should not mess about with these people as they will keep fobbing you off and giving legal argument to your claim for mis sold PPI. I would gather all your information to date, all of your consumer gredit agreements, letters and any other information you have in relation to your complaint of mis selling PPI. Lodge a case with the FOS.
Please follow this link to a multitude of more links that may help you.
Do not be fobbed off by [EDIT] legal persons who write snotty letters. They get paid to stop you getting your due money back.
Fight on.
aa
-
Hi Mister M,
not sure about the figures you post but IMO you should try for the max but run it by the FOS. I believe from your post that you should be entitled to the interest you were paying on the additional £441. I am however not a trained accountant. My shout is claim if you believe you have a just case and in the PPI mis selling scandal who can doubt you have a just case? £25 Billion estimate on mis sold PPI. Makes the mind boggle. Ripoff followed by the Libor scandal. Fiddling in a nutshell across the BOARD. PPI reclaims go for it and mention restitution for the loss of capital when you claim.
aa
-
Hi Rich,
I never went to court but got a load of PPI refunds via the FOS. If NATWEST are playing the difficult "Not us" game send all the info you have all the paperwork, loan agreements, everything you have to the FOS. Please see here for more information...http://www.consumeractiongroup.co.uk/forum/showthread.php?135060-Mis-sold-PPI-Want-your-money-back-use-these-links-to-help
All the banks and I have claimed mis sold PPI from a few will try and fob you off, stall you, in the hope you will get fed up and give in. They will make life difficult, mis inform you, and generally give you misleading information.
It is important that you stay cool and fight back with tenacity. You must make them pay back the money they owe you from mis selling PPI.
Keep at them.
aa
Latest
Our Picks
Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS
Claims firms scoop £5bn of consumers’ PPI redress
in Credit Today
Posted
Travesty of what should have been justice via court or Financial Ombudsman Service (which was free and charged the bank quite a fee). Not sure what the current figure is but every claimant through the FOS cost the bank a fee.