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Irresponsible lending, sunny and dmp
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Hi I have quite a complicated question not sure if anyone can help? I sort FMA last year and entered into a debt management plan with step change. They have been great and I’ve been paying my monthly payments without fail. Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan after loan after loan. I had so many! I was going to look at putting a complaint in when my dmp was finished. However I see they have gone into administration. I feel reluctant paying them when I feel they lent irresponsibility ( to be honest they are 10 months off been paid off in full) as I no when I put a complaint in after I’ve paid them due to been in administration I’ll only get a fraction back. So my question is would I be better to stop paying them now and put my complaint in as I’m likely to save my money that way should the complaint go in my favour? I hope this make sense? Thanks
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Nenni69 said:Hi I have quite a complicated question not sure if anyone can help? I sort FMA last year and entered into a debt management plan with step change. They have been great and I’ve been paying my monthly payments without fail. Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan after loan after loan. I had so many! I was going to look at putting a complaint in when my dmp was finished. However I see they have gone into administration. I feel reluctant paying them when I feel they lent irresponsibility ( to be honest they are 10 months off been paid off in full) as I no when I put a complaint in after I’ve paid them due to been in administration I’ll only get a fraction back. So my question is would I be better to stop paying them now and put my complaint in as I’m likely to save my money that way should the complaint go in my favour? I hope this make sense? ThanksDon't stop paying as it could end up being worse for you.I don't see why you cant put a complaint in now, you may only get a fraction back but its still a fraction.0
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If they are in administration then you won't see a penny. The secured loans will get first digs then the solicitors and administrators will get the rest. Unsecured creditors won't see a penny.0
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You should complain anyway, you won`t get any refund, but you may get your balance reduced, or written off.If you stop paying you will get debt collection letters, and still be chased for the balance, its a difficult one for you I know, in the end its your call if you continue to pay or not.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Nobody put a gun to your head, lenders should maybe start to sue borrowers for irresponsible borrowing. You'll need to check with Stepchange what to do with any lump sum you receive, not that you'll get a penny back from Sunny because they've gone bust.Nenni69 said:Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan after loan after loan.
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There is always one!MinuteNoodles said:
Nobody put a gun to your head, lenders should maybe start to sue borrowers for irresponsible borrowing. You'll need to check with Stepchange what to do with any lump sum you receive, not that you'll get a penny back from Sunny because they've gone bust.Nenni69 said:Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan after loan after loan.0 -
Always one who calls it how it really is? I agree!CRISPIANNE3 said:
There is always one!MinuteNoodles said:
Nobody put a gun to your head, lenders should maybe start to sue borrowers for irresponsible borrowing. You'll need to check with Stepchange what to do with any lump sum you receive, not that you'll get a penny back from Sunny because they've gone bust.Nenni69 said:Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan after loan after loan.2 -
Top marks. Sunny had a swipe at the regulator on the way out.
Respects.
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