CFO lending

Apples2

CFO lent to you as no other lender was prepared to take the risk, they all knew you wouldn't repay the loan.

CFO saw the chance to make a lot of money out of you by your continual extension of the loan.
There is no simple way out, take it seriously, sell some stuff and pay it off.

There is only ever one winner.

tammyot

Please completely ignore these silly people that responded to your post...who clearly are pretty ignorant to the situation of payday loans and the extortionate fee's that spiral out of control.
My advice is go to Consumer action group and go to the forum. Here people actually can give the proper advice you need than just scolding you and quite frankly giving you awful awful advice!!!!!!!!!!!
How about actually giving someone some useful advice? rather than just sell your belongings..... Until you are in the situation yourself don't preach because you haven't got a clue how bad things can get. He needs advice not preaching!!!

:mad::mad:

claret_mike

Seriously... I can't see anything wrong with the advice given on here.

They will not be able to reason with this company. They owe the money and if they do not want to get into a position of defaulting then they are far better focusing their energy on looking for a way of settling their loan and learning a lesson.

If the person has debt issues and creditor issues, I would refer them to step change or similar to organise a proper debt solution..

pauletruth

are you in financial difficulties. if so they should be willing to make an repayment plan with you. i would send them a letter with what you propose. if you have other debts these should only get there fair share of any surplus that you have after housing/food/ct/utilities. it maybe worth seeing a debt Councillor at one of the free help lines.

[Deleted User]

In response to post 15 Personally I feel it is like this across all the boards this actually isn't the worst one, but they say it only ever takes 1 samaritian (and quite frankly at times that can be oneself)

Try not to rise to it, but in my vast experience, of PDL's if anyone has a problem contact this lender and follow protocol, whilst keeping polite and civil you may be better doing that, don't rely on government bodies, all the nonsense that the likes of the OFT is going to help is pure BS likewise is the rubbish that anyone can demand the debt charities help with a DMP

Also, I've come to realise no-one on ANY forum can ever tell you how it will pan out.

Selling items and cut backs is a good idea - of course when you can no longer do this you then worry less about the credit report and more about the court papers that can arrive, which you can still defend against, which is why it helps to be pro-active in dealing with not being able to pay.

jonesMUFCforever

This post is 5 months old!!!

pauletruth

well spotted i missed that