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Micro Lend Uk - Credit Licence Suspended - Wage Payment and Payday Loans Limited

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  • #31
    Re: Micro Lend Uk - SUSPENDED Credit Licence

    Originally posted by Misbegotten View Post
    I have never had a problem with them and always repaid on time (albeit only very small loans) and February's loan due now is my last loan . I have received an email stating that micro lend are not allowed to take payments from acs at present and have given me details of a company called WPPL ltd who have given me Barclays ac details to make payment to. Not sure if this is legal ? I have cancelled my CPA

    WPPL are stating they are the administrator ...and the debt assigned to wage payment and payday loans. However the ltr has missing text in[ ] so not sure it's legal yet

    Comment


    • #32
      Re: Micro Lend Uk - SUSPENDED Credit Licence

      Umm WPPL is the initials of wage payment and payday loans

      Sorry for stating the obvious lol.
      #staysafestayhome

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      Received a Court Claim? Read >>>>> First Steps

      Comment


      • #33
        Re: Micro Lend Uk - SUSPENDED Credit Licence

        The letter from WPPL is a bog standard notice of assignment with details of the loan missing and in [ ] (my loan) giving me Barclays Bank acc details for repayment .

        Comment


        • #34
          Re: Micro Lend Uk - SUSPENDED Credit Licence

          Haha yes!

          Comment


          • #35
            Re: Micro Lend Uk - SUSPENDED Credit Licence

            I have been trying to ring them but when I do try the number it says no one is available to take your call. Whether its because they are really busy I dont know, but wont make any payment to them until I know for sure then

            Comment


            • #36
              Re: Micro Lend Uk - SUSPENDED Credit Licence

              Originally posted by Amethyst View Post
              Umm WPPL is the initials of wage payment and payday loans

              Sorry for stating the obvious lol.

              Sorry didnt see the trading name xx

              I go shoot meself lol

              Comment


              • #37
                Re: Micro Lend Uk - SUSPENDED Credit Licence

                I'm in same position as youse with a debt due to be repaid on 28th...i've got the email from Payday Overdraft with bank account details, but somewhat nervous paying into the account of a company I've never dealt with...anyone have any feedback from OFT/FCA etc? Worried that if I don't pay on 28th this lot will start charging me interest at the rate of 10.6m % a day.

                Comment


                • #38
                  Re: Micro Lend Uk - SUSPENDED Credit Licence

                  We need to know
                  1: have micro lend gone into administration

                  2: have their debts been assigned to wppl legally

                  3: did micro lend enter an appeal against the oft ruling
                  #staysafestayhome

                  Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                  Received a Court Claim? Read >>>>> First Steps

                  Comment


                  • #39
                    Re: Micro Lend Uk - SUSPENDED Credit Licence

                    Originally posted by Misbegotten View Post
                    WPPL are stating they are the administrator ...and the debt assigned to wage payment and payday loans. However the ltr has missing text in[ ] so not sure it's legal yet
                    Have you got a copy of the letter saying wppl are administrators?
                    #staysafestayhome

                    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                    Received a Court Claim? Read >>>>> First Steps

                    Comment


                    • #40
                      Re: Micro Lend Uk - SUSPENDED Credit Licence

                      Looks like they've got form http://www.consumeractiongroup.co.uk...yday-loans-ltd)

                      Comment


                      • #41
                        Re: Micro Lend Uk - SUSPENDED Credit Licence

                        ''PaydayOverdraft.com is a trading name of Wage Payment and Payday Loans Limited''

                        https://www.paydayoverdraft.com/cms/

                        Comment


                        • #42
                          Re: Micro Lend Uk - SUSPENDED Credit Licence

                          I hope its not gone from one bad payday lender to another one though

                          Comment


                          • #43
                            Re: Micro Lend Uk - SUSPENDED Credit Licence

                            Yes via email as follows:

                            Notice of Assignment

                            Dear []

                            we refer to the consumer loan credit agreement and the loan(s) of [] made by Micro Lend UK Limited("the Assignor") to you ("the Debt").

                            On and with effect from the 25th March 2014 the Assignor assigned to Wage Payment and Payday Loans Limited trading as Payday Overdraft ("the Assignee") all its rights, title, interest and benefits in and to the Debt.

                            All future correspondence, dealings, deliveries and payments in respect of the Assigned Documents or the Debt should be made to the Assignee whose details are as follows:

                            Wage Payment and Payday Loans
                            limited t/a Payday Overdraft Cambridge House
                            27 Cambridge Park
                            Wanstead
                            London E11 2PU


                            email: admin@paydraftoverdraft.com

                            0207 205 4443

                            Comment


                            • #44
                              Re: Micro Lend Uk - SUSPENDED Credit Licence

                              I have contacted Payday Overdraft asking for their consumer credit license and asking for guidance as to why I should be paying my loan from microlend to an organisation I have had no dealings with. The response was to copy a lawyer (presumably theirs) asking him to set out the position. Mark Hilton <mark@hiltonlaw.co.uk> is the lawyer.

                              Comment


                              • #45
                                Re: Micro Lend Uk - SUSPENDED Credit Licence

                                Originally posted by dion View Post
                                I have contacted Payday Overdraft asking for their consumer credit license and asking for guidance as to why I should be paying my loan from microlend to an organisation I have had no dealings with. The response was to copy a lawyer (presumably theirs) asking him to set out the position. Mark Hilton <mark@hiltonlaw.co.uk> is the lawyer.
                                They have a CCL http://www2.crw.gov.uk/pr/default.aspx

                                Comment

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