Ariste Holdings ( Cash Genie )

John1993_2

matttye wrote: »

Clearly such behaviour is unfair, even though they owe the money.

That's a matter of opinion. Personally I think that it shows quite refreshing ingenuity of the company to come up with this.

I think that the "unfair" action was with someone taking out a ppayday loan that they could not guarantee that they'd pay back, in full, on the agreed date.

I understand, though, that my view on contracts (that you move heaven and Earth to uphold your side of them) is seen as rather outdated by some people nowadays.

matttye

John1993 wrote: »

That's a matter of opinion. Personally I think that it shows quite refreshing ingenuity of the company to come up with this.

I think that the "unfair" action was with someone taking out a ppayday loan that they could not guarantee that they'd pay back, in full, on the agreed date.

I understand, though, that my view on contracts (that you move heaven and Earth to uphold your side of them) is seen as rather outdated by some people nowadays.

You never know what's going to happen.

Imagine you take out a payday loan and have every intention of paying it back on payday. Suddenly a meteorite hits your house and you have to find somewhere to live as the damage means you can no longer reside there. Repaying that payday loan has now become a whole lot less important.

I appreciate that you should have savings, but this isn't possible for everyone. Some people literally have enough money to get by and that's it. Perhaps they shouldn't be borrowing, but it's not for us to judge.

The point I'm making is that unsecured debt is bottom in order of priority of what needs to be paid. Yes, it still needs to be paid, but only after high priority expenses like housing costs, food, utility bills etc. No judge would ever say 'I want you stop paying British Gas and pay Wonga instead, you can go without heating for a month...'

Obviously I'm being flippant about it, but hopefully you see what I'm trying to say.

poppasmurf_bewdley

I would say the only fraud committed was by you for taking out another payday loan when you already had one that you hadn't paid back and was overdue.

Marckopite

kerry87 wrote: »

Hi,

The exact same thing happened to me and I rang up my bank and they did a chargeback and disputed the payment with Ariste Holdings.

Just tell the bank you have emailed and phoned them numerous times and haven't got anywhere because that is what they will ask you to do first anyway and then they will do a chargeback on your account

Thank you Kerry i will be talking to my Bank today. Hopefully they can do the same for me.

Marckopite

poppasmurf_bewdley wrote: »

I would say the only fraud committed was by you for taking out another payday loan when you already had one that you hadn't paid back and was overdue.

I never took out another loan a company phoned me pretending to be a Lender and obtaining my Bank Details. That is FRAUD.

WellKnownSid

Marckopite wrote: »

I never took out another loan a company phoned me pretending to be a Lender and obtaining my Bank Details. That is FRAUD.

Yes, but I'm still struggling to understand why you'd agree to taking on a loan when someone rings up out of the blue to offer one to you?

I mean, normally it's the other way around. Need for money presents itself. Apply for loan. Get loan. Fulfill need. Repay loan.

This concept of 'offered loan, think about it and yes' I just don't get. It's hardly cheap money - what were you planning on doing with all this expensive cash?

Marckopite

WellKnownSid wrote: »

Yes, but I'm still struggling to understand why you'd agree to taking on a loan when someone rings up out of the blue to offer one to you?

I mean, normally it's the other way around. Need for money presents itself. Apply for loan. Get loan. Fulfill need. Repay loan.

This concept of 'offered loan, think about it and yes' I just don't get. It's hardly cheap money - what were you planning on doing with all this expensive cash?

I had been looking for a loan before they phoned me, But once you apply to one company your details get sent out to other lenders like wildfire. So then they phoned me pretending to be from Payday Is Everyday in order for me to apply on the website for a loan. But after they had my bank details they cleaned my account out. Looking in to it more the company who phoned me where Fredrick and sons. A debt company.

John1993_2

matttye wrote: »

You never know what's going to happen.

Imagine you take out a payday loan and have every intention of paying it back on payday. Suddenly a meteorite hits your house

I'd accept in that case someone not paying back. Someone losing their job, having their car break down, or becoming pregnant, though, are not sufficient reasons to not pay back.

On the job issue, for example, if you would not be entitled to a few months' redundancy pay, then I don't think that you should take out a loan.

I used to be in a low paid job, low paid enough that some days I would have had to go hungry if I didn't take out a loan. Faced with that choice, I went hungry. It would never have occurred to me to buy a drink, go on holiday, smoke a cigarette, or yes, even eat more than the very least needed to survive, if I did not have the money to do so.

John1993_2

Marckopite wrote: »

I never took out another loan.

You certainly tried to, though.

As above, I don't think that you've got much chance of getting anything back. I think that a better return on your time would be to use the hours you'd spend on it to take on some extra work.

fozmcfc

Marckopite wrote: »

I had been looking for a loan before they phoned me, But once you apply to one company your details get sent out to other lenders like wildfire. So then they phoned me pretending to be from Payday Is Everyday in order for me to apply on the website for a loan. But after they had my bank details they cleaned my account out. Looking in to it more the company who phoned me where Fredrick and sons. A debt company.

So what makes you think it is correct to borrow more money in the first place, when you haven't paid back what you borrowed before?

No morals quite clearly.