Revealed: the banks using "pseudo" solicitor firms to make debtors pay up

[TheIrishman]

Revealed: the banks using "pseudo" solicitor firms to make debtors pay up

http://www.theguardian.com/money/2014/jul/04/banks-legal-demands-that-scare-customers

<< Threatening legal letters from what appear to be solicitor firms are actually coming from a department of Lloyds or NatWest. >>

[PolarPoint]

I am fortunate not to have received such letters from my bank. Banks are quite resourceful in thinking up new ways to scare debtors into paying up. 

[Benjig]

Revealed: the banks using "pseudo" solicitor firms to make debtors pay up

http://www.theguardian.com/money/2014/jul/04/banks-legal-demands-that-scare-customers

<< Threatening legal letters from what appear to be solicitor firms are actually coming from a department of Lloyds or NatWest. >>

There is much talk about customer feeling duped into believing that proceedings are imminent. However, if a customer receives a letter of the kind under discussion, then proceedings really are imminent and they would do well to take the warning seriously.

[Silly Money]

Wonga got caught doing this recently as well. For those that don't know what Wonga is it's a pay day loans company that charges EXTORTIONATE interest rates.