Payday loan adv

Danzio

Hi everyone,

I'm pretty new to these boards but have a current issue I'd like some help with, if anyone can spare the time. (Thanks in advance)

I received the other day a letter from moriarty law concerning a payday loan debt from quite a few years back claiming I owe them around £820 (They are saying over £1k with other fees if not paid within 14 days).

I remember taking the payday loan and defaulted on the loan as it was nearly 90% of my monthly income back then and had rolled over for a considerable amount of months.

The reason I defaulted was because I went and am still at university, Still unable to afford to pay the debt.

The problem is however is that they have asked for this money and I live away to study, I have came home and they are stating 14 days before they start proceedings, and the letter is dated the 5th I believe?


Ok, so down to it. Is there any thing I can do here? I don't have an income and live a now very frugal lifestyle (Which I thought) debt free (Besides student loans) If I write them, and explain my circumstances won't they just issue a CCJ in my name anyway?

Im really struggling with options of what to do here as its such a large sum of money.

Thanks for any help that is given, I will give replies and responses as soon as possible to help with the situation.

Dan.

sourcrates

How many years back exactly ?

Danzio

The initial loan was taken out in 2011, I can't exactly remember when.

Should I be asking them for relevant documents from them to prove the debt is mine with dates etc?

sourcrates

Depends when in 2011 as it may now be statute barred.

If it was before august 2011 then it's statute barred now.

Danzio

Is that date from the initial loan date or from the date of default?

sourcrates

Danzio wrote: »

Is that date from the initial loan date or from the date of default?

The date that counts is the date of your last payment, or scheduled last payment.

The default date is irrelevant.