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Toothfairy finance goes bust
fermi
Posts: 40,542 Forumite
http://www.credittoday.co.uk/article/16370/online-news/payday-lender-in-administration
Payday lending firm Web Loans Processing Ltd, which trades as Toothfairy Finance, has entered administration.
Freddy Khalastchi and Martin John Atkins of Harris Lipman were appointed joint administrators of the company on 28 November 2013.
The business is registered at Number 10 Greycoat Place, London and trades under a variety of names, including Toothfairy Finance, Cashkingdom.co.uk, Easyfinanceclub.co.uk and Wegivecredit.co.uk.
A former director of Web Loans Processing, Gary Chapple, has been linked with other lenders and a debt recovery firm.
According to the public register, Chapple’s consumer credit licence lapsed on 29 May 2003 but he still has consumer credit licence applications pending for two firms: Community Pay Day Loans and Tune Tribe Finance.
He is also listed as a director of Iceland Finance Ltd which is currently licenced.
Chapple is listed as an officer at Affinity Consultants Ltd, which lists debt collecting as one of its activities and is based in Tunbridge Wells, Kent.
According to Toothfairy Finance: “You can choose to borrow from £100 to £400 and pay it back on your next payday.”
But another statement on the website claimed “we welcome all customers, regardless of your situation, employment status or income level”.
Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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Comments
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So presumably the same for Marshal Hoares, as they are part of that.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Hi fermi
The Marshall Hoares website is "down for maintenance" and has been for some time, from what I can gather. Make of that what you will.
Regards
Dennis @NDLWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Hope the Official Receiver rakes over their finances with appropriate zeal.0
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Wonder of Gary Chapple would like a pay day loan..0
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