Everyday financial sending texts

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dgi1980

New Member
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Hey there

I have a company under liquidation

We owed Aib 70k

Aib sold loan to everyday finance I presume

I got a text message from everyday to contact them, the text had no reference number, company name or details just (aib account)

Has anyone experienced this or everyday

The loan application had no personal guarantee that we could find on file, I was the director
The company isn’t dissolved as of yet but is with a liquidator

It was a unsecured loan

Can they be contacting me for years?

Do they bring people to court

Any advice would be appreciated
 
This sounds like a scam if they are texting you rather than sending a proper letter. Contact AIB directly and check with them. Don't answer the text.
 
They're are a legitimate debt servicing company and part of Link Financial.

I have seen them send those types of texts in the past to people whose distressed ,unsecured loans they had bought.

I would have thought in the OP's case, and circumstances, it's the liquidator they should be contacting.
 
Again - don't ring the number. It is easy to get your phone number and your AIB account number - these will have been on all your quotes, invoices, probably your website etc.
Contact AIB directly - using details from the paper documents that you will have received from AIB before now to contact them, or look up AIBs number on their website.
 
demoivre said:
I have seen them send those types of texts in the past to people whose distressed ,unsecured loans they had bought.
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But that might be reasonable as a follow up, but not as a first contact. Sounds very much like a scam.
Contacting the liquidator is also a sensible option.
 
dgi1980 said:
The loan application had no personal guarantee that we could find on file, I was the director
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You seem to have a doubt about this?

It would be unusual, but not unknown, for a limited company to get an unsecured loan, so I am guessing that you did give a guarantee.

I don't see the downside of calling the number. If only to tell them the contact details of the liquidator. If they tell you that they have your guarantee, you are probably better off knowing about this.
 
outofmymind said:
But that might be reasonable as a follow up, but not as a first contact. Sounds very much like a scam.
Contacting the liquidator is also a sensible option.
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Extremely unlikely given that Everyday/ Link Financial are legitimate and active in the debt servicing business. It's fairly easy to verify the contact number in the text message the OP is receiving. I'll bet it's 091 700 010 !

What's surprising is that the liquidator doesn't seem to have contacted Everyday.
 
demoivre said:
I'll bet it's 091 700 010 !
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Yes, call them on that number and not any other different number that's in the text messages just in case.
https://linkfinancial.eu/ie/corporate-ie/contact-us-ie/But, as others have said, maybe the liquidator is a better first port of call?
 
The business had been trading well for years and the loan was done over the phone, The reason I am unsure is due to the fact it was done 5 years ago, when we were about to start liquidation I went to the bank and printed out the application and forms signed, there was no page for personal guarantees on file, the loan could of been sold before company was dissolved I presume, it was a term loan that was loaned to the company name and not my name bar the fact I signed as director
 
Brendan Burgess said:
have
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After checking more into it the loan application is under the company name, I couldn’t find personal guarantor page on file, I was just a director, the part of being unsure is due to the fact I got a vague text message and my liquidator never contacted me
 
Did you have a previous facility that had a personal guarantee?

Many PGs will have "all monies" or similar written in and this becomes an ongoing personal guarantee. Usually you see it on overdraft facility guarantees. - I needed to extend an overdraft about 18 months ago and was told the guarantee they had on file was sufficient.

Not sure if AIB can discuss company details with you during a liquidation as the liquidator has all the control. So probably best to chat to the liquidator or your accountant.

But it's likely there is some form of guarantee, especially as the loan is in the last few years and banks double check everything these days.
 
peemac said:
Did you have a previous facility that had a personal guarantee?
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See the thing was I had no PG on the form
They gave us, the loan is in the company's name and at the time was based on our credit rating which was strong as we got approved over the phone in minutes and the loan was unsecured, I think the number was on file as a company contact, the liquidator hadn't believe it contacted either
 
dgi1980 said:
when we were about to start liquidation I went to the bank and printed out the application and forms signed,
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That sounds like fraud to me if I understand you correctly?

You knew that the company was going into liquidation and you borrowed money which you knew the company could not pay back?

Fraudulent trading is a serious offense where a company's business is knowingly carried on with intent to defraud creditors or for any fraudulent purpose, often involving asset stripping, false accounting, or continuing to trade while insolvent. Under Section 722 of the Companies Act 2014, it can result in criminal penalties up to 10 years imprisonment and personal liability for company debts.
 
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Brendan Burgess said:
That sounds like fraud to me if I understand you correctly?

You knew that the company was going into liquidation and you borrowed money which you knew the company could not pay back?
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I'm reading it that the loan was taken out well beforehand and the OP was checking the paperwork to see if there was a PG.

It's possible a PG was signed on a previous facility or even an overdraft facility and they are written in a way that it covers all borrowing including future borrowings and not specific to a particular loan.

I can't see any risk for the op to call Everyday - they either have a valid PG or they don't. Simply ask for a copy of the PG and the validity in relation to this particular loan.
 
Brendan Burgess said:
You knew that the company was going into liquidation and you borrowed money which you knew the company could not pay back?
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I never once said that, I know you are the founder of this platform but no need to bear bait, I mention the company was doing well for years and we got a loan, I got copies of the application years later to double-check the personal guarantee ( to see if I actually signed one) the loan was got when we were scaling, we paid it for years with no hassle, cost of living crisis caused a massive dip and we had to stop
 
dgi1980 said:
The reason I am unsure is due to the fact it was done 5 years ago, when we were about to start liquidation I went to the bank and printed out the application and forms signed, there was no page for personal guarantees
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Hi dgi

You say that it was done 5 years ago when we were about to start liquidation.

I presumed the "it" was the loan was applied for.

But if you mean that
1) You got the loan 5 years ago.
2) Some years (?) later when you were about to start liquidation, you printed out the forms to see if there was a guarantee.

That is very different and is not how the original sentence reads.

Brendan
 
dgi1980 said:
The business had been trading well for years and the loan was done over the phone, The reason I am unsure is due to the fact it was done 5 years ago
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Yes number 2
I was really just seeing had any one had previous experience in this matter, 5 years after the loan I printed the forms out to double check for a PG, I couldn't find one, the liquidater was never contacted by AIB either about the loan, the loan was approved over the phone when we were making serious profits, the application just mentions about missed payments effecting credit rating of company
 
If Everyday have bought the loan from AIB, then Everyday and the liquidator need to be put in contact with each other.
 
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