Lied on payday loan application

Anire123 · 16 October 2017 at 12:09AM

I lost my job in December 2016

In April 2017 i stupidly gambled on mobile betting sites.
I had previously used payday loans and paid them off fine on time while working.

I stupidly over the period of a week spent 3.5k on bet.

i got from payday loans after i had tried to win money on horseracing with money i didnt really have. I started chasing bets. Payday lenders all stopped lending after i borrowed 3.5k

Since interest and payment rollover have kept going on even after i wrote to them all. The largest is now 3k owed to my jar

The thing is when i applied for the loans i said i was working but i was unemployed and on jsa.

Sunny £850 now in october £1500
Lending stream £350
My jar £1200 and now in october accrued to £3000
Quickquid £1200 and now £1500
24/7 money box £150

Quickquid sold their debt to a company who are going to a county court, definately CCJ's at least.

At the time i wrote to all lender and said i had lost my job and couldnt pay up.

I got an arranged payment from lending stream and 24/7 money box had their debt reported to credit agencies.

I think because i said i was working at the time when i wasnt working it could be section 1 of the fraud act 2006 but im not sure.

I was suprised at the time payday loans did not carry out more checks.

A week of madness with stupid gambling.

Could this be some sort of sentence im looking when im honest and lied about employment on the application?

First time i would have ever had problems with courts and law if i am in trouble.

[Deleted User] · 16 October 2017 at 3:32AM

Possibly, but it's unlikely.

You need to focus on finding a job and getting these paid back.

Edi81 · 16 October 2017 at 7:36AM

What more likely is a CIFAS registration. This will stuff you for credit for years.

Richey_ · 16 October 2017 at 7:38AM

Your MyJar debt, I thought the government had changed the law by April,so that you never have to pay back more than double what you borrowed including all fees, interest etc?

Just throwing it out there so somebody who actually knows the answer may reply

PeacefulWaters · 16 October 2017 at 7:43AM

1. It's highly unlikely any of the firms will use criminal law to prosecute you.

2. The amounts involved would most likely lead to a very short sentence, perhaps suspended, if it did end up in a criminal court.

3. Focus on making agreements to pay, even if amounts are small. Stepchange or CAB should be your friends.

DCFC79 · 16 October 2017 at 11:47AM

1 important point is to get help for the gambling as you dont want to get these paid off and then you relapse so back to swuare 1.

Samsung_Note2 · 16 October 2017 at 2:59PM

Did they actually check you was employed...you could have said you was a multi million sex pest,doubt they would care as long as they got another customer.

Id make realistic offers you can afford to repay each month and stick with it...be a long road but worth it in the end.

scaredofdebt · 16 October 2017 at 3:53PM

The companies involved probably won't pursue a criminal conviction as it isn't really in their interest to do so, although you have committed fraud, so could go to prison in theory. For the sums involved, not likely.

I would try to get a job ASAP and make arrangments to pay them back, if you are working going to prison is going to cost them money as you can't work and get paid from behind bars. In the unlikely event you do go to court, this type of thing (the fact you've got a job and are paying the loans back) would be in your favour in the judge's eyes.

But worst case scenario is you would likely get a suspended sentence.

The CCJ that you mentioned is where the courts set an amount that they believe you can realistically pay back, it's not going to result in you going to prison.

I am not a Lawyer.

Samsung_Note2 · 16 October 2017 at 4:44PM

scaredofdebt wrote: »

The companies involved probably won't pursue a criminal conviction as it isn't really in their interest to do so, although you have committed fraud, so could go to prison in theory. For the sums involved, not likely.

I would try to get a job ASAP and make arrangments to pay them back, if you are working going to prison is going to cost them money as you can't work and get paid from behind bars. In the unlikely event you do go to court, this type of thing (the fact you've got a job and are paying the loans back) would be in your favour in the judge's eyes.

But worst case scenario is you would likely get a suspended sentence.

The CCJ that you mentioned is where the courts set an amount that they believe you can realistically pay back, it's not going to result in you going to prison.

I am not a Lawyer.

:D Matched Betting novice - Earnings to date - £161.16 so far this month.

:D

OP for goodness sake ignore the signature....lol

Fireflyaway · 16 October 2017 at 4:51PM

These pay day people should be ashamed. They take advantage of vulnerable people and just don't care what damage it does.
Anyway! Don't worry. I doubt very much they are bothered if you have a job or not, if you lied or not etc.
I was in a bad state too a few years ago. I had 7 payday loans. The only way was to default to get out the cycle. Yes it might screw up your credit score but so what. You can still survive. Try to keep up payment of some sort then you can get rid of them once you have more money. These guys are used to people not paying. Ensure you pay the vimportant stuff first. You could also offer a partial settlement later on. Good luck.

Shakin_Steve · 16 October 2017 at 7:44PM

Samsung_Note2 wrote: »

Did they actually check you was employed...you could have said you was a multi million sex pest,doubt they would care as long as they got another customer.

Id make realistic offers you can afford to repay each month and stick with it...be a long road but worth it in the end.

What, exactly, is a multi million sex pest?

Lied on payday loan application

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