Before I go into any great detail with this, could I ask one of you learned Caggers this question? Would you deem it irresponsible of a bank to lend a person on sickness benefits a 15k loan, over the phone, without a proper assessment of affordability being carried out?

Hi I stupidly took loans out with lending stream. I then had my hours cut and was unable to pay. I emailed them and asked not present direct debit as it would be rejected. they stil went ahead and made lots of withdraws at midnight for £3.00 even though I owe them £100 The bank phoned me and as I did not recognise the amounts put a stop on the card and my account. I have open another account but I am confused what do I do now. Will they agree to a repayment plan over 1 year? Really worried they will start phoning me at work

announced on Credit Today http://www.credittoday.co.uk/article/12198/online-news/oft-investigating-payday-loan-market

Deep breath.....I had a mortgage brokerage business which has gone into liquidation. I have a mortgage with GE, payments 789 per month I have been unable to pay since December due to business issues and no job....I am currently 10,500 in arrears. They have a suspended possession order from Novmber 2008, at which point the arrears were 5000 I now have full time employment and also, this month, I come off a horrendous fixed rate of 7.09, to a more manageable variable rate of 2.25%, making my payments circa 300 per month I received a field visit and offered the new payment plus 100 per month by direct debit, and said I would pay more as and when my finances allowed. I set up a direct debit with GE last thursday, and received confirmation by letter. Yesterday I rang them to confirm something, and was told they were cancelling the direct debit, and had applied to the court for an eviction date. I made them an offer of £800 per month, which they declined, and they said I had to find circa 7000 pounds upfront for an arrangement to even be considered. They also asked if I knew anyone who could lend me the lump sum, and declined to discuss the matter further. My estranged wife and three children live in the house. She is suffering from depression and Bells Palsy, and is currently undergoing counseliing due to violent and horrific abuse suffered as a child. Repossession will kill her, and I begged GE to reconsider. They said because I had broken previous arrangements, they simply werent interested. I also pointed out the 25k of negative equity and asked them how they benefitted from putting my kids on the street, especially seeing as my payment is about to reduce by 60% They told me no court hearing would take place, they would simply ask for a date for eviction, and a bailiff would hand deliver the letter confirming the date. he bluntly pointed out, when I offered to pay a payment by card there and then, that it would make little difference to the overall situation and I would probably be better keeping my money and contacting the local authority. Any help with this would be most appreciated, I really am at the end of my tether with all of this Thank you in advance