Cash genie Loans

ibizas1993

Hi

I have a repayment arrangement with the above company, I have one payment left of £37.50 to finish my agreement however when I paid my last payment to them last month I noticed they are no longer lending so I am assuming they may be being closed down for whatever reason cashgenieloans dot co dot uk could you please advise if it is worth me still paying my final payment to them, in this financial situation are they likely to write off my outstanding small debt if I do not pay it?? Any help would be appreciated, there is no info as to why they are no longer lending so if anyone has any info on that to it would be helpful, cheers:beer:

thebritishbloke

Even if they stop trading, they can come after you for the money. Pay the £37.50 and be done with them.

DCFC79

I agree to just pay what's left and be done with it, you try and not pay whats owed you could be in be in worse trouble than the £37.50.

marleyboy

Why all the fuss of taking such a risk (with any financial company) if you only owe one more payment?

Just pay it and breathe a sigh of relief that the debt is done, dusted and history.

Coveredinbees!!!!

I googled cash genie and they seem to be alive and well to me. Pay what you owe and move on.

SnowTiger

Coveredinbees!!!! wrote: »

I googled cash genie and they seem to be alive and well to me. Pay what you owe and move on.

Alive, but not well.

https://www.cashgenieloans.co.uk

Please be advised that Cash Genie has taken a decision to cease any future lending with immediate effect.

If you have an outstanding balance with Cash Genie you can still make payments via your members area or by calling us now on 01473 200102 to make alternative arrangements.

Perhaps linked to this: http://www.theguardian.com/money/2014/jul/23/cash-genie-payday-loans-compensation.

However, of course, that doesn't mean they don't want their money.

Herzlos

If they go under, the debt will be sold to someone else who will pursue you for it, along with any default charges or whatever accrues. Since you're £37.50 away from clearing it you're as well just doing that so it's done.

National_Debtline

I can only echo the other comments here. An account like this one won't go up in smoke just because a company fails - it will simply change hands and the money will still be owed.

Dennis
@natdebtline