unenforcable loan??

bumpoowee

Mike, don't have anything useful to add but good luck with this I hope you get it sorted, good on you for not being bullied into paying what you do not owe. There are a lot of threads on here by people trying to weasel out of debts but this isn't one of them, I wouldn't bother arguing with suesuesue they are only trying to wind you up.

mikeandrach_2

bumpoowee, genuinely, thank you. i am glad that at least one perosn will publically speak up with some common sense, thanks again

Viks

mike, I would behave like you. However, as long as you have done your homework and can proove that it was buy now pay later then I cannot see why people dont support you here. Surely thats what this site is about.

If shop direct have done something wrong their side they should pay for their mistakes and in your "£1,000" scenario you should only pay "£1,000" in feb 2010 and not a penny more.

mikeandrach_2

thanks Viks. that ia all I am asking, as I have stressed to shop direct themselves, i want to pay the debt, just on the terms initially agreed. i have got a full credit agreement here proving buy now pay later for one account, so i am certain any legal challenge against me would fail on that. the other purchases were done over the phone, and all confirmed as buy now pay later, i hve asked for copies of the recorded phonecalls, which have conveniently been 'mislaid', their words, not mine

jonesMUFCforever

mikeandrach wrote: »

of course, paying huge amounts of interests just because a company demands it is a sign of huge intelligence

I know I said that that I would not comment further but I have to say that if you pay off the balance NOW they cannot charge you lots of interest or can they??

ILW

mikeandrach wrote: »

in theory, one they get sick of chasing me, they will send the debt to a debt collection agency. the dca will write to me and say call within x days etc. i can call/write to the dca, and dispute the debt. the dca will then go to shop direct and say please can we have copy of credit agreement for customer x. shop direct will say uh-oh, not got one, therefore debt unenforcable. is this correct? and no, for the however many time, i am not a scammer or trying to avoid paying

I believe this little uneforceability loophole only applies to loans taken out before April 2007. When did yours start?

ozvaldinho

Why not ignore it till February, pay off what you owe and then argue over the interest and charges they've added on?

mikeandrach_2

may well do that, hopefully it will mean less hassle and look much better on me if it goes to court

cmatt360

mikeandrach wrote: »

may well do that, hopefully it will mean less hassle and look much better on me if it goes to court

i would take that with a pinch of salt. Between now and feb is a LONG time for the creditors to wreak havoc with your credit rating.

mikeandrach_2

what protection do as a consumer have?
surely if the company alleges something, but can't prove it, then they can't legally do me any damage?