Debt Free by Xmas 2018!

arc2014

I've today accepted a refund of £1041.44 from QQ. I maybe could have got slightly more if I referred to FOS, but I'm already preparing to take Wonga to the FOS, I believe they owe me more and my QQ fight isn't worth the extra time and effort right now. Getting the money now will mean I can pay off a big chunk of my debts, either lowering the amount of interest I will pay or being able to offer f&f's to all my debt collection companies. I plan to keep a little in the bank just in case too.

Good news at just the right time!

arc2014

Another refund offer from Wonga today - £994.27 AND records removed from my credit file! This is exactly what I had hoped for!
So in less than a week I have had £2k refunded to me. I'm completely speechless and this is making such a massive difference!

arc2014

Just doing a few calculations this morning. If all my F&Fs come through at 50% or less my DFD will move forward to August 2018!


Considering this time last year I was robbing Peter to pay Paul I'm proud of myself for putting on my big girl pants and taking responsibility for my debt before it got too out of control.


Some more payday loan complaints will be getting sent out tomorrow, so my DFD might even be moving forward even more!

arc2014

I've realised I've not been updating this diary like I promised myself I would (virtual smack on the hand!)


I currently have a few PDL complaints with the FOS, 2 of which are about to be passed to adjudicators. I also have a complaint with Experian for unfair charges, and a complaint with Capital One for unfair lending. I will be sending off complaints to a couple of catalogue accounts that I had on the basis of unfair lending too. I vividly remember at the time applying thinking I had no chance of getting credit, and being extremely surprised when I did!


I will be calling up in the next couple of days to (hopefully - if I've calculated right!) pay off my logbook loan, and rather than the £2095.56 interest that would have been due had the loan ran it's full term, I'll hopefully only be paying around £500. That will be an extra weight off my mind!


Then it's on to paying off my debt collection accounts. Watch this space!

arc2014

So this morning so far I have sent off my catalogue complaints, chased up my Capital One complaint, and sent an email to FOS with some supporting information that they requested. So unless I have a response from any of the companies that is all until the new year!

arc2014

Capital One came back as not upholding my complaint - so I sent it to FOS. They can't tell me that lending to me when I had defaults in the first place, Then upping my credit limit when I drew out my full limit in the first month and had paid back no more than £5pm since was responsible?? To be honest if they come back with nothing but removing the default I'll be ok with that. I will push for a refund but if not then at least my credit file will look a bit healthier. Here's to a debt free 2018!

Scott_Weiland_2

Have i read that right Capitol One increased your limit after all you did was pay back the minimum after you had took out the full balance of the C.C?

What was the default for?

To them it is responsible yes, if you have kept the payments upto date and if you have stayed within the card limit it is responsible. I dont understand your argument, if they have increased your limit you can decline the limit increase and request its took back to the original amount.

arc2014

That's not the full story no - they irresponsibly lent to me when I could not afford to make repayments in the first place. They then increased my limit making it even harder to make these payments. Of they had looked at both my credit file and my account management they should not have 1. Given me an account or 2. Increased my limit.

Scott_Weiland_2

But you can decline a limit increase.

arc2014

But when you're desperate for money having got yourself in a bit of a mess & are applying for multiple payday loans every month, you're not really going to do the sensible thing and say no are you? You're going to take the extra couple of hundred quid & use it.