Picture Finance in administration

darbydoo

Hi all. Bit of a longshot - but does anyone have a website/ phone number for the company who now managed picture finance loans?

I have a loan with them from years ago, and am making payments - but have learnt that the company are now in administration.

Would be great if that meant I no longer had to pay, but that's unlikely

jonesMUFCforever

Sorry I don't have a number for you but I agree with you that having the debt written off will not happen.
Someone will take on the business - until then continue to make the payments.

antrobus

I believe that the Picture loan book is now managed by IDEM servicing.
https://www.idemservicing.co.uk/

glennstar

Antrobus is correct.

I am surprised, however, that you have not received a communication from Paragon Finance PLC about the acquisition of Picture Finance or it's Loan Book via Idem. You don't mention what type of Financing you acquired but if it is secured in any way there there is a definite need for much more documentation to have changed hands.

Finally, darbydoo, I would contact Paragon on the details in the above link and get to the bottom of the situation as soon as possible. They could claim they have tried to contract you and failed and consequently applied charges, etc for their time.