Speed Credit.

[Tinkerbelle1993]

I am unsure how to post a new thread but i am having problems with this company too. I have taken out a loan with speed credit, as i was desperate, I was unable to pay on friday my due date as i have lost my job. I am currently on a dmp and now today i got an email saying...

 

03.08.12 - Sum outstanding GBP 703

 

We have made a number of attempts to contact you by email and SMS to discuss the outstanding balance on the short-term loan you took out on 03.08.12 and you have made no effort to return these enquiries.

 

We have also warned you in advance of additional charges you have incurred.

 

As we make clear to all our customers our product is intended to be a short term financial solution. If the loan is extended this product can become expensive.

 

As we have not heard from you and not received payment we have been left with no alternative and are writing to advise you that this debt will be passed on to our Debt Collections Agency in the next 24 hours.

 

As per the terms of the contract between Speed Credit and yourself (see http://www.speedcredit.co.uk/terms.html) instructing the Debt Collections Team will add a further GBP 150 to the balance you owe. Debt recovery agents will call at the addresses we have on file for you until they are able to successfully collect the sums you owe. If our debt recovery agents, after a reasonable attempt at the addresses on file, cannot successfully recover the monies owed by you, we will issue a claim against you in the county court for the outstanding balance plus the further charges and recovery costs that have been incurred.

 

You should be aware that a County Court Judgement against your name will remain for 6 years on the National Credit Records (NCR) accessed by employers, insurers and banks and may result in:-

 

a) difficulties in obtaining future credit

b) difficulties in obtaining a mortgage

c) being questioned at a County Court as to your financial circumstances

d) any current employers being info rmed so an application against your earnings can be issued

e) difficulty in securing future employment due to an adverse credit history and credit score

f) a Warrant of Execution and bailiffs being instructed

 

We will apply for a County Court Judgement followed by a Warrant of Execution and a Bailiff order to seize goods from your addresses to be issued simultaneously to the County Court Judgement. This Warrant authorises Certificated Bailiffs to seize goods at the addresses held on file for you (including what may be your family home). These goods will be taken and put up for sale at public auction until the total amount you owe is satisfied.

 

The initial cost of issuing a County Court Judgement is GBP 45, this will be charged to your account on the date of issue.

The further court costs including solicitors time, application for a Warrant of Execution and the appointment of Bailiffs will also be added to what you owe.

 

As you can se e this will ultimately cost you a great deal more if you do not deal with this matter now.

 

It will also cause you a great deal of difficulty for many years to come.

 

We strongly recommend that you settle this amount immediately to limit further costs, preserve your credit rating and your ability to gain full time employment.

 

Please immediately pay 703 by either:

 

1) Paying online by visiting http://www.speedcredit.co.uk and clicking Pay Now;

or

2) Make a bank transfer for GBP 703 to:

Barclays Bank

Account number 93462382

Sort code 20-50-94

Ref: Use your mobile number (447584327790) as a reference so we can match it correctly

 

ALSO please EMAIL us confirming that this has been done to stop the debt being passed to the debt collectionTeam and further charges being incurred.

 

If you ignore this and our debt recovery agency is instructed it will be a short matter of time before the CCJ is issued and Bailiffs are instructed to seize goods.

 

We look forward to hearing from you confirming a speedy resolution of this matter.

 

If you have already repaid and this is not reflected in the above statement please contact us so we can investigate this further and correct your file.

 

Regards

 

 

 

Speed Credit - LEGAL RECOVERY

t: 084 3381 3381

ïï€ Please consider the environment before you print this email.

_________________________ _________________________ ___________________

 

NOTICE

The views and opinions expressed in this email may not reflect the views and opinions of any member of Mobile Credit Online Capital Limited. The information contained in this message is confidential and may also be privileged. It is intended only for the addressee named above. The unauthorised use, disclosure, copying or alteration of this message is strictly prohibited. If you are not the addressee (or respo nsible for delivery of the message to the addressee), please notify the originator immediately by return message and destroy the original message. This message and any attachments have been scanned for viruses prior to leaving our network. However, we do not guarantee the security of this message and will not be responsible for any damages arising as a result of any virus being passed on or arising from any alteration of this message by a third party. We may monitor emails sent to and from our network.

 

 

 

 

 

 

I was wondering if anyone had advise on how i should go about this, i have tried ringing the company and they are either hanging up or when i get through saying they dont take dmp. Im really worried what should i do?

[Nao]

First of all, take a deep breath and don't worry about their threats to take you to court or visit you.

 

Second, don't bother talking to them on the phone, keep everything in writing so you have a paper trail to proof everything should that be necessary at a later point.

 

Offer them to repay what you really owe (amount borrowed + one month interest - any payment already made). All those fantasy charges they add won't hold up if they actually took you to court.

Offer them to repay at a rate you can realistically afford, be it through dmp or otherwise, even if the whole thing ended up in court, the Judge would not make you pay more than you can afford, even if that's only 1£ per week.

While they are not technically required to accept just any repayment proposal from you, ultimately it is in their interest to take what you offer them as everything else could have negative consequences for them if they tried to chase the debt through legal means.

[Tinkerbelle1993]

But will it get as far as court?

do these people come to your door?

And I'll try that thanks

[renegadeimp]

See the reply to your other thread.