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stevemcqueen

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  1. Hi guys, Sorry to jump in on this thread, but I'd appreciate some advice re my pending PayDay Loan (with The Money Shop) :-/ Shanticat and co - My £500 Money Shop loan (taken out nearly 2 weeks back), will be due on the 8th July.. The Money Shop have confirmed, that they will present the cheques (each for £100) at my bank (A&L) - each seperate cheque, on 8th, 9th, 12th, 13th, and 14th of July.. As I'ved written on here last week, I am not going to be able to afford this :-/ I've cancelled my cheque guarantee card, and my cheque book too, by phoning the A&L, and reporting it as lost. I've now received my new card / cheque book. My queries are - 1/ What are The Money Shop like, when it comes to negotiating? I'm considering letting them know in advance, but after reading some of the tales on here, I don't think the Money Shop will listen to reason. 2/ As my cheques were 'guaranteed' by the card, do any of you know whether or not, the cheques will be 'honoured' by the A&L bank? I thought not, as I'd cancelled the cheque book, but obviously, this was a week after I'd written the cheques.. Am due to see the CAB about this, and my other £9K of unsecured debt, on Wednesday, which I feel positive about. Any advice re, how to deal with the Money Shop, would be most appreciated. Many Thanks, sm
  2. Good point Dawn! Martin - Good thinking re charges, thanks. I haven't written to A&L yet, no. Just phoned them, to report my cheque book / card as 'lost'. They are now issuing new ones.
  3. I could just about, pay 1 of the cheques this Friday. Would The Money Shop accept a cash payment in their store?
  4. OK. You're talking sense. I'm just worried that A&L will give me an almighty b*llocking, due to my having written £500 worth of cheques, when it's obvious looking at my statements, that my income is zilch at the moment :-/
  5. Hiya Dawny, Thanks for your help. Sorry for the delay, in getting back to you. I have indeed, already told my bank that the cheque book was 'lost' however :? ..as I didn't want to attract undue attention from the A&L. I also didn't want to 'warn' Money Shop of any impending issues, as I've read horror stories on here, of people who've had the Money Shop suddenly raid their account all at once. Great to hear they eventually left your Mum alone! Many Thanks, SM.
  6. Martin, thank you so much, for your kind and supportive reply. Sorry if my posts are a little erratic, and overly - demanding. My addictive mindset coming through regrettably.. I am going to try not to panic, get some kip, and be patient. Then, tomorrow, take stock, and formulate some semblance of a plan There are worse things that could happen, and I'm trying to focus on the positive, as I've now been sober 4 days, and this feels great! Thanks for a cracking site, and I hope to give something back as soon as I'm able. Good Night, SM.
  7. OK. Thanks! I may sell my computer, just to raise the cash, for this Money Shop debt. Can really do without the hassle down the line, after reading some of the hellish tales on here..
  8. Anyway, I've send the CAG Team a message via the button, asking for some advice. Thanks Rob.
  9. OK thanks. I thought the 'Report Post' button, was only if the post was abusive etc?
  10. Oh God. I was hoping that wouldn't be the case, but thanks for the info Rob. Even if I cancelled the cheque book yes? Green triangle?
  11. Hi guys, I'd really appreciate some help with this. I can't sleep the last few days, due to panicking so much. Last week, I went into The Money Shop, to cash some cheques (from my own cheque book). The chap in The Money Shop, explained about 'cash until payday'.. I stupidly wrote out 5 x Cheques, from my A&L chequebook, each for £100 = a total of £500. Looking at the print out, I was given, it shows that Money Shop have charged £15.99 for each cheque they processed. Their printout, also shows the cash paid out, for each cheque = £84.01. So, for the £500 loan, I took out from them, they gave me a total of £420 in cash. This Money Shop loan, has to be paid back in 30 days (from last week) time. They told me, that they will bank each cheque, on a seperate day, from 8th July and 14th July. There is no way I'm going to be able to repay this, and I am so worried. What makes it even more embarassing, and regrettable, is that I'm a recovering alcoholic (fell off the wagon last week, and have since climbed back on), and I spent almost all of the £420 on alcohol, in 4 / 5 days. When I agreed to the loan, in the Money Shop, I was also dishonest with them, and told them I was still working at my old job (I left last November, and have since been on ESA). Can't believe I did this. Looking back to last week, I certainly wasn't thinking straight. What happens next with these people? Obviously, I'm scared witless of The Money Shop finding out, that I lied about my working, when I'm not. This will no doubt, come out if they take me to Court, for a CCJ won't it? Am so worried, that Money Shop / A&L bank will convict me for fraud. This is making me feel ill. Also, there is no way on earth I can repay this £500, in the forseeable future, let alone in 3 weeks. Reading the helpful advice on here, I have called my bank and cancelled my Visa Debit / Cheque Guarantee Card (the same card / cheque book, that Money Shop used to guarantee the 5 cheques) yesterday. I'm torn, because I'm worried this will obviously annoy the Money Shop, and they will of course add charges. However, if I let them cash the cheques, at the A&L (my bank), then the A&L will also charge me, as the funds won't be in there. Even though I've now cancelled the card / cheque book, do you guys know, if the Money Shop are still able to cash the £500 worth of cheques, from last week. I am determined to try and be positive, and sort this out. I even considered going into the Money Shop, telling them the truth, about the fraudulent application / alcoholism, apologising, and asking to come to a repayment arrangement. My Girlfriend has told me that this would be 'too honest', and it could make things worse. I just don't know. Any ideas as to what to do next, regarding this Money Shop loan, would be most appreciated. I'd really like to try and keep my A&L bank account, as it's the first 'proper bank account', I've had in years. Am now worried, that I'm going to lose it, due to all the potential charges (unpaid cheques and unauthorised o/d charges) Could The Money Shop still bank the old cheques in 3 weeks time, even though I've now cancelled the cheque book? I'm worried they will, as they were 'guaranteed' with the card (the CAB said the would be honoured / guaranteed). Any advice from you guys, would be most appreciated. Many Thanks, SM.
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