Opos claims £700 on £150 loan
Hi all
Had a call from Opos today regarding a loan taken out for **£150** in 2014. They said I have made some payments but then stopped and they have sent me a login to their web site which shows they are claiming on behalf of their client an 'instructed balance' of £1189 and that payments have been made of £425 leaving a balance they are now claiming from me of £700 ish.
Do I have to pay this?
What should I do? I have asked for a copy of the original agreement and the woman on the phone mumbled something about my having to pay them £18 to have that sent to me!
RD
Had a call from Opos today regarding a loan taken out for **£150** in 2014. They said I have made some payments but then stopped and they have sent me a login to their web site which shows they are claiming on behalf of their client an 'instructed balance' of £1189 and that payments have been made of £425 leaving a balance they are now claiming from me of £700 ish.
Do I have to pay this?
What should I do? I have asked for a copy of the original agreement and the woman on the phone mumbled something about my having to pay them £18 to have that sent to me!
RD
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Comments
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Do you think there is a reason you should not have to pay it?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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I am not disputing the original sum borrowed - more how it gets to £1100.
RD0 -
Interest and fees, I'd imagine.
What were the terms of the loan? Sounds like it was a PDL, with a sum of £150.0 -
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What was the interest rate, and when did you stop making payments?I am not disputing the original sum borrowed - more how it gets to £1100.
RD"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
I am awaiting the figures from Opos - but I thought there was a case sometime back regarding payday loans where people had the loans written off because the lender had not checked their ability to repay the loan - or something similar?
RD0 -
It was a decision taken by some lenders to write off balances. Wonga were one of them, can't remember if there were any others.I am awaiting the figures from Opos - but I thought there was a case sometime back regarding payday loans where people had the loans written off because the lender had not checked their ability to repay the loan - or something similar?
RD
It wasn't a legally binding decision and other lenders aren't obliged to offer the same."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
Hi all
Had a call from Opos today regarding a loan taken out for **£150** in 2014. They said I have made some payments but then stopped and they have sent me a login to their web site which shows they are claiming on behalf of their client an 'instructed balance' of £1189 and that payments have been made of £425 leaving a balance they are now claiming from me of £700 ish.
Do I have to pay this?
What should I do? I have asked for a copy of the original agreement and the woman on the phone mumbled something about my having to pay them £18 to have that sent to me!
RD
Send a Prove it Letter, and make sure you state you will not accept a statement as a bill/invoice. You can also go to http://www.experian.co.uk/consumer/statutory-report.html and get your report for two quid and see what is going on. By the way don't sign up to their free trials, I don't know if they do it with their SR's but they sell your details onto DCA's they do for tracing debts.
Personally, for philosophical reasons I don't pay debt collection agencies. Unless, it's not statute barred and it's via a court order, which I vigorously challenge, if they've added exuberant costs.
P,S. This is one of the best websites and forums I have used to getting out of being chased by bottom feeder (DCA's) here is the link: http://legalbeagles.info/
Forum has very helpful members.
Above is not legal advice, just an opinion.0 -
Is there a template for a Prove It letter I can use please?
RD0 -
Not wishing to cause trouble here - but, if I understand correctly, you borrowed some money, at a high rate of interest, failed to keep up repayments, and now want to know if you can get out of repaying ?
Tell you what, is it OK if I borrow £150 off you ? I'll promise to pay you back £10,000, so you're laughing. Oh, but if I don't pay you a penny, then let's write it off shall we ? PM me, and I'll let you know my bank details so you can put the money into my account.0
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