Please please Advice wanted please

ViolaLass

ukmartian wrote: »

...

that is why we got the trouble ...my daughter is starting a job at the end of the month it should have been 2 weeks ago , but she has been waiting for her CRB which had been lost this has delayed things as it is working with babies ....her benefits were stopped 4 ago as she did not attend a meeting for a job at the JC as she was due to start the new job despite telling them why she could not get them re-instated...she has lost 4 weeks JSA and had already left her little part time job ...that is why we have told them we will make some sort of payment by the end of the month .....

Again, what has your daughter done to avoid this? Has she contacted them before missed payments or only after? Can she pick up more work or sell things?

redpete

ukmartian wrote: »

i stupidly didnt read the small print as i was a dad but get taken in by the phone spiel ...and got ripped off

I don't understand what you missed in the 'small print'. You took out a loan that, as a guarantor, you are equally liable for and the lender is expecting you to make the payments as agreed. The lender's willingness or otherwise to let you miss payments and make them up later is nothing to do with what the 'small print' might have said.

BillJones

ukmartian wrote: »

you are correct we have already paid more than we borrowed and the loan is only just started to go down ......my daughter has always tried to pay on time and in most cases has but on the occasions where she has had trouble i have picked it up ....but circumstances change most companies will accommodate you to some extent with reduced payment plans till you get back on your feet , but not this company they will hassle and bully and threat ....even after a few weeks late ....

Well yes, you agreed to a set of payments, you did not agree to only make them when times were good, so they want you to stick to your side of the deal. Whatever you do from here, you need to stop viewing this through the prism of them being "unreasonable", and just work out how best to deal with it from here.

So, first thing, what did your daughter buy with the money, and is it worth anything now if she sells it?

Secondly, can you take on a second job, or have you anything that you can sell (car, computer, stereo etc) to raise what you owe? Is your daughter looking for a second job?

.that is why we have told them we will make some sort of payment by the end of the month .....

You need to understand this sort of vague half-promise means nothing. You have already shown that you are not the sort of person who sticks with a legally binding deal, so why would they believe this story?

The solution does not lie with stories about what you'll do later, it lies with either finding the money, or having your credit file ruined.

BillJones

Hmm. OP's wife has a guarantor too on which is daughter is guarantor.

What a mess.

OP, your family needs to get their affairs in order, and start cutting their cloth according to their means. Your situation is simply ludicrous.

Monkeyballs

Hi Op,

^^ I agree with Bill ^^

Your wife has a loan with Amigo's sister company to which your daughter is guarantor - Your wife's loan is up to date and being paid on time.

In the meantime your daughter has a loan with Amigo with you as guarantor - your daughter is unable to pay and you can't afford to pay as per agreement?

What would happen if your wife started to struggle to pay? Maybe you could get a loan for the amount of both loan balances combined with your wife as guarantor and let her pay? That's not a suggestion by the way...

I'm thinking that both you and your daughter need to be looking at contacting SC or similar debt charity because it sounds like you're on a slippery slope and the longer you try to drag it out the worse it can get.

MB

Gaz83

:rotfl:

What an utter, utter shambles.

jonesMUFCforever

BillJones wrote: »

Well yes, you agreed to a set of payments, you did not agree to only make them when times were good, so they want you to stick to your side of the deal. Whatever you do from here, you need to stop viewing this through the prism of them being "unreasonable", and just work out how best to deal with it from here.

So, first thing, what did your daughter buy with the money, and is it worth anything now if she sells it?

Secondly, can you take on a second job, or have you anything that you can sell (car, computer, stereo etc) to raise what you owe? Is your daughter looking for a second job?



You need to understand this sort of vague half-promise means nothing. You have already shown that you are not the sort of person who sticks with a legally binding deal, so why would they believe this story?

The solution does not lie with stories about what you'll do later, it lies with either finding the money, or having your credit file ruined.

Don't you think that by using Amigo loans their credit file is already shot, otherwise they would have used a mainstream lender?

BillJones

jonesMUFCforever wrote: »

Don't you think that by using Amigo loans their credit file is already shot, otherwise they would have used a mainstream lender?

There are degrees of "shot" though. However, reading their other posts, you are probably right, theirs is a pile of toxic slag.

Pixie5740

OP, your whole family seems to be in a financial pickle. You should put together a statement of affairs and work out how much, and when, you can make repayments to Amigo. You could even write to Amigo and show them a copy of the SOA to set up a structured repayment plan as that might work better than some vague promise to pay something at some point in the future.

As others have said perhaps all 3 of you should contact Step Change or one of the other debt charities to help sort your financial mess out.

bayzat

Check the loan agreement and go see what the terms are concerning late payments. This will tell you if what they are doing is lawful or not.