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  • FIRST POST
    • SourD
    • By SourD 9th Mar 17, 12:17 AM
    • 5Posts
    • 0Thanks
    SourD
    Very.co.uk account closed with debt left too pay, do I have too pay?
    • #1
    • 9th Mar 17, 12:17 AM
    Very.co.uk account closed with debt left too pay, do I have too pay? 9th Mar 17 at 12:17 AM
    Sorry if this is in the wrong section, this is my first post.

    I purchased a PC via Buy Now Pay Later last June, having tried too access the account recently too find out which day specifically it needed too be paid by, I noticed the account is no longer in existence.

    How do I go about this, am I still liable too pay?

    Thanks,
    SD
Page 2
    • StopIt
    • By StopIt 9th Mar 17, 2:46 PM
    • 336 Posts
    • 272 Thanks
    StopIt
    Two points:


    1) Read the OP's post! After the preamble he simply asks "am I still liable?". A reasonable question in that he wants to know where he stands. Nowhere does he state he wants to get out of paying. It's only the finger-wagging majority here that have made that assumption and castigated him as a result. A simple answer could be given to his question.


    2) There is no place in forums such as these for personal abuse. It's known as an ad hominem attack (look it up) and is a low form of interaction. I think it's not allowed on this forum. Your assertion that I'm crazy is just such an attack, so I'll kindly ask you to desist from this practice. By all means counter my arguments, as strongly as you like, but steer clear of getting personal.
    Originally posted by GingerBob

    Or, you could read the OP's 2nd post, which basically said "But surely I don't have to pay if the account is gone" and then their follow up stating their desire not to pay.


    As for your admissions that you give false information to retailers etc, and have no qualms with stiffing companies you don't like, you mist be aware that people WILL judge you based on your words. Nothing Ad hominem about calling you out for behaviour that is at best unacceptable to many.
    • Arleen
    • By Arleen 9th Mar 17, 2:47 PM
    • 826 Posts
    • 601 Thanks
    Arleen
    OP, you are liable for six years.

    If the supplier has deleted your account, not only from on-line but from all of their records (highly unlikely) and they do not discover their mistake before the six years are up, you do not have to pay anymore. If they discover (be it in two weeks or five years eleven months) that there are outstanding debts and demand payment, you will have to pay.

    Taking into account their heavy interest rate, it will be quite a big bill.
    Originally posted by bengal-stripe
    And late payment fines. People seem to forget that it's their duty to repay the credit, not wait to be chased down for it.
    • GingerBob
    • By GingerBob 9th Mar 17, 3:05 PM
    • 3,618 Posts
    • 1,646 Thanks
    GingerBob
    Or, you could read the OP's 2nd post, which basically said "But surely I don't have to pay if the account is gone" and then their follow up stating their desire not to pay.


    As for your admissions that you give false information to retailers etc, and have no qualms with stiffing companies you don't like, you mist be aware that people WILL judge you based on your words. Nothing Ad hominem about calling you out for behaviour that is at best unacceptable to many.
    Originally posted by StopIt

    Wrong. Put an alternative argument. That's all.
    • StopIt
    • By StopIt 9th Mar 17, 3:17 PM
    • 336 Posts
    • 272 Thanks
    StopIt
    Wrong. Put an alternative argument. That's all.
    Originally posted by GingerBob

    How about this alternative argument.


    Any legitimate points you make about CRA's, including their abuse by companies who shouldn't really have access to them are severely undermined by your disregard for using the truth in how you conduct yourself towards other companies.


    Again, advocating "Getting one over" on companies you don't like for their dishonest behaviours makes you just as bad as the companies you condemn.
    • Arleen
    • By Arleen 9th Mar 17, 3:22 PM
    • 826 Posts
    • 601 Thanks
    Arleen
    How about this alternative argument.


    Any legitimate points you make about CRA's, including their abuse by companies who shouldn't really have access to them are severely undermined by your disregard for using the truth in how you conduct yourself towards other companies.


    Again, advocating "Getting one over" on companies you don't like for their dishonest behaviours makes you just as bad as the companies you condemn.
    Originally posted by StopIt
    Actually makes him worse. CRA/finance companies make mistakes, and maybe could use a bit more quality control, but it's extremely rare to find a case of them being malicious. For simple reason - it's not their business to do that.
    • mrmagooooooo
    • By mrmagooooooo 9th Mar 17, 3:27 PM
    • 91 Posts
    • 66 Thanks
    mrmagooooooo
    Two points:


    1) Read the OP's post! After the preamble he simply asks "am I still liable?". A reasonable question in that he wants to know where he stands. Nowhere does he state he wants to get out of paying. It's only the finger-wagging majority here that have made that assumption and castigated him as a result. A simple answer could be given to his question.


    2) There is no place in forums such as these for personal abuse. It's known as an ad hominem attack (look it up) and is a low form of interaction. I think it's not allowed on this forum. Your assertion that I'm crazy is just such an attack, so I'll kindly ask you to desist from this practice. By all means counter my arguments, as strongly as you like, but steer clear of getting personal.
    Originally posted by GingerBob
    Personal Abuse? Hardly. And i am most certainly not attacking your character.

    If my words upset you then i take it back but the stuff you post on here is becoming farcical. Ok we all get you hate the credit reference agencies and you continually ram it down peoples throats.

    Maybe take a look though your own posts. IMaybe then you will see why you pretty much get everyone's backs up on here.
    • Arleen
    • By Arleen 9th Mar 17, 3:29 PM
    • 826 Posts
    • 601 Thanks
    Arleen
    Personal Abuse? Hardly. And i am most certainly not attacking your character.

    If my words upset you then i take it back but the stuff you post on here is becoming farcical. Ok we all get you hate the credit reference agencies and you continually ram it down peoples throats.

    Maybe take a look though your own posts. IMaybe then you will see why you pretty much get everyone's backs up on here.
    Originally posted by mrmagooooooo
    Check his post history, lately he claims personal abuse against anyone who dares to disagree with him. Told that he will report me to site admins for it, still waiting to hear on that.
    • GingerBob
    • By GingerBob 9th Mar 17, 3:56 PM
    • 3,618 Posts
    • 1,646 Thanks
    GingerBob
    How about this alternative argument.


    Any legitimate points you make about CRA's, including their abuse by companies who shouldn't really have access to them are severely undermined by your disregard for using the truth in how you conduct yourself towards other companies.


    Again, advocating "Getting one over" on companies you don't like for their dishonest behaviours makes you just as bad as the companies you condemn.
    Originally posted by StopIt

    Er... what has this got to do with the current thread? No one is talking about CRAs here, so what's your gripe? Why have you raised it in this thread with reference to me? And what, pray, are you talking about when you say "disregard for the truth?" You're surely not referring to me adopting the sensible practice of giving fake phone numbers to certain merchants, are you? And even if you are, what's it got to do with this thread? No. It seems you're just taking the opportunity to rubbish various arguments of mine in a completely out-of-context way.
    Last edited by GingerBob; 09-03-2017 at 4:00 PM.
    • GingerBob
    • By GingerBob 9th Mar 17, 3:58 PM
    • 3,618 Posts
    • 1,646 Thanks
    GingerBob
    Personal Abuse? Hardly. And i am most certainly not attacking your character.

    If my words upset you then i take it back but the stuff you post on here is becoming farcical. Ok we all get you hate the credit reference agencies and you continually ram it down peoples throats.

    Maybe take a look though your own posts. IMaybe then you will see why you pretty much get everyone's backs up on here.
    Originally posted by mrmagooooooo


    The likely reason for this is that most punters on here work in the financial services sector, and have a blinkered view of the key issues as a result.


    Edit:
    then you're crazier than i originally thought
    Personal abuse - I would say so.
    Last edited by GingerBob; 09-03-2017 at 4:16 PM. Reason: Add
    • nic_c
    • By nic_c 9th Mar 17, 5:46 PM
    • 752 Posts
    • 470 Thanks
    nic_c
    The OP could pay now, or keep quiet and hope they get away with it. Assuming they are out of the interest free option and been charged at 39.9% APR we can wait for another post in a year or two saying they never realised it would double the price. Not sure if they also charge fees for recovery letters. T&C include
    SDFC may pass your information to other Group Companies and third parties for debtor tracing and debt recovery purposes
    so maybe a post once their credit file has been trashed??
    • POPPYOSCAR
    • By POPPYOSCAR 9th Mar 17, 5:58 PM
    • 10,153 Posts
    • 20,964 Thanks
    POPPYOSCAR
    Never having had one of these accounts myself, how do they work?

    If payments are not made would they not write chasing up payment?
    • CakeCrusader
    • By CakeCrusader 9th Mar 17, 7:04 PM
    • 356 Posts
    • 159 Thanks
    CakeCrusader
    The OP could pay now, or keep quiet and hope they get away with it. Assuming they are out of the interest free option and been charged at 39.9% APR we can wait for another post in a year or two saying they never realised it would double the price. Not sure if they also charge fees for recovery letters. T&C include so maybe a post once their credit file has been trashed??
    Originally posted by nic_c
    It doesn't take a lot to trash your credit file, but 6 years to fix it is a very long time, especially if you're trying to get a mortgage or a decent credit card a few years down the line and the only credit card you can get is one with a massive interest rate. The gain from not paying may be short term, but the pain it causes lingers for a loooong time.
    • nic_c
    • By nic_c 9th Mar 17, 7:31 PM
    • 752 Posts
    • 470 Thanks
    nic_c
    Never having had one of these accounts myself, how do they work?

    If payments are not made would they not write chasing up payment?
    Originally posted by POPPYOSCAR
    Usually, but they often quickly outsource to debt collectors and then sell on the debt. It's the reason apr is high because a lot of delinquent accounts that get sold on. It may be that the OP's account is closed as it's been sold on already.
    • swhite91
    • By swhite91 9th Mar 17, 7:49 PM
    • 9 Posts
    • 1 Thanks
    swhite91
    i was just about to ask, have you been paying the minimum payments? if not it will have been sold on by now to a debt collection agency and you will have a default on your credit files, i would have a look, surely you should have recieved letters about late payments etc?
    LBM 1st March 2017
    Debt at LBM 7500 😭
    Current Debt Total 6227.50
    "Didn't learn the first time, hopefully second time lucky!"
    • sourcrates
    • By sourcrates 9th Mar 17, 10:22 PM
    • 10,550 Posts
    • 10,341 Thanks
    sourcrates
    Ladies and gents, although I love to read all this friendly banter between one another, can we try and keep the thread on track ?

    Thank you.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • sourcrates
    • By sourcrates 9th Mar 17, 10:24 PM
    • 10,550 Posts
    • 10,341 Thanks
    sourcrates
    Sorry if this is in the wrong section, this is my first post.

    I purchased a PC via Buy Now Pay Later last June, having tried too access the account recently too find out which day specifically it needed too be paid by, I noticed the account is no longer in existence.

    How do I go about this, am I still liable too pay?

    Thanks,
    SD
    Originally posted by SourD
    Yes is the short answer.
    Last edited by sourcrates; 10-03-2017 at 10:36 PM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • connor08
    • By connor08 11th Mar 17, 12:26 PM
    • 58 Posts
    • 2 Thanks
    connor08
    Sorry if this is in the wrong section, this is my first post.

    I purchased a PC via Buy Now Pay Later last June, having tried too access the account recently too find out which day specifically it needed too be paid by, I noticed the account is no longer in existence.

    How do I go about this, am I still liable too pay?

    Thanks,
    SD
    Originally posted by SourD
    have you contacted very to discuss your account and if they still sending you letters if you don't pay it they can take your account to a debt collector and damage your credit rating in the process for something that they have done if your unhappy you can stil take them to the financial ombudsman once you have a final decision from them but you have to complain to the business first .
    hope I have helped
    • nic_c
    • By nic_c 11th Mar 17, 4:49 PM
    • 752 Posts
    • 470 Thanks
    nic_c
    Not sure if the OP will be back as we didn't give them the reply they wanted.
    • SourD
    • By SourD 12th Mar 17, 9:02 PM
    • 5 Posts
    • 0 Thanks
    SourD
    Yes all payments have been kept up with over my other accounts with there head company, just this one has no history currently, they won't bother with it until June if I was too leave it. I will call them on Monday and ask them what I owe them.

    thanks for all replies.

    SourD
    • CakeCrusader
    • By CakeCrusader 12th Mar 17, 9:54 PM
    • 356 Posts
    • 159 Thanks
    CakeCrusader
    Yes all payments have been kept up with over my other accounts with there head company, just this one has no history currently, they won't bother with it until June if I was too leave it. I will call them on Monday and ask them what I owe them.

    thanks for all replies.

    SourD
    Originally posted by SourD
    Good plan, I'm sure they will be happy to help.

    BTW, the site's called 'MoneySavingExpert' because it's here to try to stop people from getting messed up financially, and to give support to those who are struggling with debt. It isn't here so that folk can pass on tips to others who just want to avoid paying their debts. Hope this helps!
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