I wondered if any one could comment on the following regarding timescale for retention of old account details. If a credit card account was taken out with ppi in 2000 and defaulted due to financial problems, passed to a DCA in 2006 and eventually paid off and closed in 2009 - Would the 6 year limitation start from the date it was passed to the DCA ? I just need some clarity if possible, if anyone knows. Cheers Baz

Hi Folks, I just had an interesting chat with CID. As some of you may be aware, I've been trying to have an ex CEO of a bank (HFC's Adrian Hill) prosecuted for extortion. It was very clear that they're very reluctant to go ahead. One of the reasons though was particularly interesting. They said that there'd been absolutely no other calls to prosecute from other citizens! It made me look like a sole nutter! So, if we're ever going to have these bankers jailed, I'd like folk to realise how simply banks can try and extort money from us. I appreciate, to date, that most folk are either intimidated and pay what they don't owe, or just assume the "banks are up to their usual tricks" without taking action, probably because they've no faith in justice. If we're unable to expose injustice though, we'll never be able to fix it. I'd like to attach an example of extortion, the one that's been put forward to CID in fact. (I'm unsure why I've no permission for that?) Basically though, if you're being asked to pay something you don't owe and being advised of "consequences if you don't", it's extortion. A criminal offence. Please go to the police if you have time. Thanks for reading. Richard.

Hi All, I am working to clean my credit file as much as possible over the next year. The biggest problem I have is a default from Everyday Loans which is currently with Lowells. I fell into dispute with Everyday some years ago after they were unable to demonstrate how they arrived at their figures. I have not paid or acknowledged anything to Everyday/Lowell since May 2011, but I cannot ignore the issue any further. As always it's a long and complicated story but I will try and break it down into small chunks... 1. The loan was taken out May 2009 for a sum of £1500, repayable over 23 months @ £186.09 per month, this included PPI and a "secondary loan" for life cover and personal accident cover. 2. In September 2009 I encountered a period of financial difficulty, missed a payment and then rang everyday who agreed to reduce my repayments to £163.45 per month, so a reduction of £22.64 per month. This was all done over the phone and I signed nothing nor received any paperwork. I was told they could do this as they had cancelled the life cover etc... 3. I continued to pay at the reduced agreed repayment of £163.45 per month until May 2011. I rang Everyday and asked for a balance figure as we had not received a statement from them and we were now nearing the final payment on the loan, or so I thought. 4. In May 2011 Everyday sent a statement to me claiming that I still owed £5923.85p!! I obviously refused to pay until they could demonstrate how they had reached such a figure. I also noticed that our duration of agreement had jumped from 23 to 52 months. 5. Everyday passed the debt to a DCA in 2012 (Town & Country Collection) 6. In May 2013 we received a statement from Everyday for the period May 2011 to May 2013, this detailed that we had not paid anything in 2 years which is correct, they had added on £25 per month in overdue fees until January 2012. Again the duration of the agreement had jumped from 52 months to 57 months. Though the balance had mysteriously dropped to £4607.38p I have been looking through the paperwork, but I am struggling to get my head around the figures on the original CCA. My APR calculations are coming out with completely different figures. Could someone please take a look at a copy of my CCA (attached) and tell me if it is enforceable?? Many thanks in advance for any help offered.

hi On 19 nov 2012 i sent a SAR request to everyday loans , they did not respond but did cash my cheque on 2nd december I sent a letter before action to them which was signed for on 7th feb 2013 but they have not responded. please advise me what my next step is. many thanks

[ATTACH]39233[/ATTACH] I now have a copy of the signed agreement (attached) from Everday Loans and the settlement figure which is £5,125. I took out the loan in July last year (which was a top up loan) and the total amount was £5k. There was a £300 admin fee which was divided into two payments for the first two months and then I have been paying £239 per month ever since. Apparently the APR is 32.9%. I have put the account into dispute as I don't believe the figures to be correct and I'm writing to them today with an SAR to request all statements and copies of the other credit agreements from when I first took out the loan in 2009 and then subsequent top ups. I do want to settle this account with them but I can't believe that the settlement figure is correct. Can anyone please advise? There is also PPI included in the loan which I didn't agree too. At the time, I was told I had to agree to it for them to process the loan but they would cancel this afterwards. I called the branch the following week to cancel and was told this had been done but I have now found out that this wasn't the case and I have in fact been paying £49 per month as part of the overall repayment. This is causing so much stress and I would be grateful of any further advice at this stage.

Hi I have an unsecured loan with Everyday Loans with an extortionate APR rate. I don't have a copy of the signed credit agreement at present but I have requested this in writing together with a statement of transactions, as I have never received this either! At present my monthly repayments are £275 per month on a very small loan (£4k). Although I haven't missed a payment I am struggling to maintain the payments and wondered what my options are and if there's any way I can possibly get this written off? Any advice would be gratefully appreciated! Thanks