Thread: payday loans

hi unfortunatly i have been in a cycle of using several payday loan companies to pay the repay other loans, i have just defaulted on lats months payment with chequecenter, they have been harrasing me at work every few hours since then saying that if i do not pay at least 50 of the balance today then they will serve me with a default and immediatly arrest my wages, can they do thi so quickly? is there anything i can do to slow this down, i am not arguing that i owe the money i just cannot afford to pay anything at the moment,

thanks

Hiya

I know bailiffs are not allowed to call you that often, so I think the same rules will hold for these guys; the next time they call, tell 'em that all further communication must be in writing or you'll report them to OFT for harrassment.

I don't think they can arrest your wages that fast; there are always processes to be gone through. You need to write to them, recorded delivery, explaining that your circumstances have changed and that you cannot afford the original repayment. Enclose a repayment plan and the first payment. You must stick to the repayment plan, that's very important, so pick something that you can afford and make sure you tell them which day of the month the payment will be made and that you stick to it. You also need to watch out for unauthorised direct debits on your accounts, if they have your bank details.

Probably not a good plan to take out any more loans at the moment, just concentrate on paying off what you have. It's really tough, I know, but hang in there, you can do it.

I know Ida will be along at some point too, she's very good with this and has helped me with things I needed to get sorted too.

Sue

thanks for that, they are pressurising me on the phone to make paymenst of 125 a month for 4 months i have offered to pay 40 a month just now as that is all that i can afford at the minute, do they have to accept my propasal? or will i have to end up in court with a wages attachment like they threatened to do yesterday

Originally Posted by weemuaa

thanks for that, they are pressurising me on the phone to make paymenst of 125 a month for 4 months i have offered to pay 40 a month just now as that is all that i can afford at the minute, do they have to accept my propasal? or will i have to end up in court with a wages attachment like they threatened to do yesterday

So far as I know, the most important thing is that you're not refusing to pay them back, so even if it does go to court, the fact that you've made a payment, have provided a repayment plan etc will go very very much in your favour. They would be very silly indeed if they refused your offer and most courts would see it that way. You're not avoiding your debt; you're being responsible about paying it back at a rate that won't see you starve or neglect your other obligations. I'm also pretty sure that no one is going to attach your wages; so far as I know, that's a last resort step for people who either continuously break payment plans or refuse to pay.

If they are still phoning you, you need to make it clear that you will not take their calls and all communication must be in writing. Get the payment plan off to them asap. You also need them to give you a total amount that you'll be repaying.

I think it might be a good idea for you to go and speak to either CAB or a debt management company. I, unfortunately, don't know any to recommend in Scotland. However, I'm sure Ida does - can you suggest any?

Hi
Worth you taking a look at the pay day loans forum. Lots of similar examples of these companies tactics. They will ultimately have little choice but to accept your reasonable proposal to clear this. Send them the harrassment letter if needbe to stop the calls.

I don't know Scots Law but I assume as down here they would have to get a court order to arrest your wages and even then only after you have failed to comply with the terms of it.

The important thing is to make sure they don't have access to your bank, If they are using a debit card for payments make sure you 'lose' it and get a new one otherwise they will clear you out. Also canel direct debits, cheques etc.

Best of luck