quickquid selling debt - advice please

katyfrandsen

My son in law recently had a loan with a payday loan company called quickquid. Like the prat hes is he didn't pay it off and now the interest charges sky rocketed.

This has gone on for a few months now and they have sold the debt on to a debt collection agency. They keep phoning/sending letters, a day doesn't go by with out him getting a phone call and he mentioned someone even contacted his place of work.

Hes made me aware hes trying to save up the money to pay them back and my daughter is trying to help out as much as she can. His main worry is the debt collector will turn up, force there way into the property and take his stuff. Are they legally allowed to do this? I haven't really got a complaint about quickquid as its his fault on the grand scheme of things, I just want some advice about the debt collectors. I'd rather give him the money myself rather than them turning and and taking his stuff.

I hope hes learnt his lesson anyways, stay away from payday loans, my advise to anyone else thinking about getting one

michael1983l

A debt collector can do nothing more than ask for the money back. Only a court assigned bailiff can cease goods and even then they cannot force their way into a property. A court appointed bailiff will not be assigned until a CCJ has been issued and your son defaults on that CCJ. I.e. a long way down the line from where you are now.

UsetheFORCE

The short answer is NO, a debt collector has NO legal rights to enter your property. You can ask them to leave.

the only people who could take his stuff are Bailiffs but the company would have to go to court to obtain a court order first and that is a while off yet! I am sure he would deal with the matter before he got to that stage.

How much does he owe?

katyfrandsen

He borrowed £400 but the debt has gone up over £500 and something now. Im pleased to know no one will be entering their property, hopefully it'll all be sorted before it ends up in court (it better be) What A relief!

gb12345

katyfrandsen wrote: »

hopefully it'll all be sorted before it ends up in court (it better be)

It's called a PayDay loan for a reason and he appears to have had a number of paydays since he took it out, so why has he failed to pay it back?

It is only going to get worse and with the interest rates PDLs charge, he could soon end up owing 4 figures if he doesn't sort it quickly.

If he has some sort of financial problems and isn't able to find the money (or borrow it from someone who doesn't care that he will probably never pay them back) then he needs to seek help from one of the debt charities to try and get them to freeze interest and set up a payment plan.

Apples2

Debt collectors can't take his stuff but why don't you take it?

Sell his game machines and get this loan cleared, it will help educate him at the same time.
Family bails him out this time, family will always be bailing him out

matttye

katyfrandsen wrote: »

He borrowed £400 but the debt has gone up over £500 and something now. Im pleased to know no one will be entering their property, hopefully it'll all be sorted before it ends up in court (it better be) What A relief!

Do you mean it's gone up over £500 so he now owes £900+ or it's gone up to over £500?

michael1983l

Apples2 wrote: »

Debt collectors can't take his stuff but why don't you take it?

Sell his game machines and get this loan cleared, it will help educate him at the same time.
Family bails him out this time, family will always be bailing him out

She can't take it either, that would be theft. You do realise her son must be over 18 to take out this loan in the first place. That makes him responsible for his own actions.

ValHaller

Apples2 wrote: »

Debt collectors can't take his stuff but why don't you take it?

Sell his game machines and get this loan cleared, it will help educate him at the same time.
Family bails him out this time, family will always be bailing him out

This is a son in law!!!! Please, just go away and start World War 3 - it will cause less damage.

harveybobbles

I'd be lodging a complaint with regards to them contacting his place of work.

Debt collectors have no more legal powers than the spider crawling up your front gate.

Monkeyballs

Hi Katy,

As per Matttye suggests, you might want to double check on the balance because on a loan of £400 from Quickquid would be a touch over £500 so there will likely be missed/late payment charges, further interest and DCA charges...

I suspect they won't be as bad as they could have been in the past as QQ have taken on board all the changes required by the government of late but I suspect it'll at least be a couple of £00 more

Ask your son the balance, then he should get in touch with Quickquid to ask if the DCA can be called off and maybe discuss the option of monthly repayments because saving for a lump sum may take a few months when in the the same time he could be cooperating and getting the loan reduced and avoiding further interest and charges!

Good luck!

MB