Opos claims £700 on £150 loan

Gaz83

Ebe_Scrooge wrote: »

Not wishing to cause trouble here - but, if I understand correctly, you borrowed some money, at a high rate of interest, failed to keep up repayments, and now want to know if you can get out of repaying ?

Tell you what, is it OK if I borrow £150 off you ? I'll promise to pay you back £10,000, so you're laughing. Oh, but if I don't pay you a penny, then let's write it off shall we ? PM me, and I'll let you know my bank details so you can put the money into my account.

The poster "rorysdad" once defaulted on a debt, and then asked on the forum if he could get any kind of compensation for the time he spent answering debt collectors and trying to fight having to repay it.

You could not mark the lad's neck with a blowtorch.

DCFC79

rorysdad wrote: »

Is there a template for a Prove It letter I can use please?

RD

Plenty of templates on Google.

pappa_golf

OP says for **£150** in 2014. borrowed and that payments have been made of £425


that must have been one hell of a interest rate to exceed that


however what is more interesting is how much left was there pay , any interest should have been on that figure

K0SS

Payday lenders used to have comically high APR. Over 4,000% of a 150 quid loan.

DCFC79

K0SS wrote: »

Payday lenders used to have comically high APR. Over 4,000% of a 150 quid loan.

Is that of any use to the OP ?

rorysdad

Ebe_Scrooge wrote: »

Not wishing to cause trouble here - but, if I understand correctly, you borrowed some money, at a high rate of interest, failed to keep up repayments, and now want to know if you can get out of repaying ?

Tell you what, is it OK if I borrow £150 off you ? I'll promise to pay you back £10,000, so you're laughing. Oh, but if I don't pay you a penny, then let's write it off shall we ? PM me, and I'll let you know my bank details so you can put the money into my account.

I am not trying to get out of the debt I am trying to understand how I owe so much when I have seen no proof of the interest rate etc.

They have emailed me a consumer credit agreement but I cannot see on there any mention of an interest rate.

This is more like 'You borrow £150 off me and a few years later when you default on payments I will make up a figure and say you owe me that figure!'

I want to know where on any paperwork the interest rate, charges etc are to be found so I can ascertain if I owe the sum claimed.

I do not think that is unreasonable?

RD

rorysdad

Gaz83 wrote: »

The poster "rorysdad" once defaulted on a debt, and then asked on the forum if he could get any kind of compensation for the time he spent answering debt collectors and trying to fight having to repay it.

You could not mark the lad's neck with a blowtorch.

Not quite accurate. That related to a claim which was pursued against me and where the creditor could not prove I owed the sum claimed - but they dragged things out, via solicitors in circumstances where the claim was, in any event, statute barred.

RD

rorysdad

I won't be posting on these fora again. I was always under the impression that people were around to help with constructive comments and suggestions - been proven wrong so many times on here - with too many people looking to castigate me with 'holier than thou' attitudes.

Why would someone who seems to never have been in financial difficulties for reasons beyond their control be even posting on forums like this if all they are ever going to do is criticise someone in debt?

Do such people expect that a forum entitled 'Loans' is going to be populated with threads where all contributors are saying is things like 'Today I paid off every penny of my loan on time as per agreement with creditor'. Be a pretty pointless forum if that were the case...

RD

pappa_golf

you were asked earlier in this thread , what was the total amount with interest payable on the £150


can you answer that please

rorysdad

pappa_golf wrote: »

you were asked earlier in this thread , what was the total amount with interest payable on the £150

can you answer that please[/QUOTE

I don't know. From memory everything was executed online and there was no paperwork.

I will search back through emails and see if an agreement was ever emailed to me. Failing that I will have to ask Opos.

In the final analysis all of this seems pointless as everyone's view is that I owe something so I may as well just pay what they ask for.

I have tried to complete a financial statement on the Opos web site to thereafter submit a payment plan - but their site rejects the financial statement and tells me I need to call them - more stress - but as per the general unhelpful attitude of most contributors on here, it's all my fault and I must take the consequences and repay the monies.

RD