Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)

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  1. #1
    Basic Account Holder goonerbhoy Novitiate

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    Default Multiple Loan Nightmare

    Hi,
    Just registered on the forums after reading some threads similar to my situation.
    I currently have multiple payday loansicon due to mainly stupidity on my part, as a 19 year old i admit the temptation of easy credit fooled me into this mess and I have been given a real wake up call and kick up the backside. Now i just want out of this mess by the quickest and cheapest way possible. I'm not looking for sympathy or to be told i am a stupid wee boy, i just want it paid off and finished with. I'll post up where i stand with all of the companies and if anyone could give advice as to what my next steps should be, or which companies to try to pay off first then this would be great.

    Wonga- Agreed plan 16 per week, will be paid off by christmas, they have been great to deal with to be fair.
    Quickquid- Owe 531, emailed them regarding setting up a plan but have had no response as yet.
    Minicredit- Owe 168
    Txtloan- Owe 234
    Payday Express- Owe 207
    PaydayUK- Owe 119
    Speed-e-loans- Owe 190
    Speedydosh- Owe 149

    Any advice on who is likely to accept plans and who i am as well trying to pay off first?

    Thanks in advance.


  2. #2
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    UPDATE:

    Agreed plans with Wonga (16 per week), Speedydosh (10 per week), Txtloan (50 a month)....

    Quickquid are willing to agree to a plan, but only over four months at a rate i dont think i can afford, Payday UK emailed back saying that I had to default before I could set up a plan which i think is ridiculous and obviously just a way to hit me with all the charges. MiniCredit, Payday Express and Speed-e-loans still havent got back to me. As the loan amounts for the latter 3 arent as large as some of the others do you think i should just try to pay them off ASAP and just get by for a few weeks or will these people eventually give in?


  3. #3
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    Default Re: Multiple Loan Nightmare

    Did you get those agreements in writing along with specific amounts to be debited on certain dates? If not, then the agreements are worth nothing as the PDL's will take whatever they like, whenever they like and simply say you authorised it.

    If you want to pay them off ASAP and suffer for a few weeks, then i have to ask the question, why did you come and post on here?

    The basics of dealing with any debt is work out your finances and work out a budget. Only offer ANY creditor what you can realistically afford without putting yourself into hardship each week/month. For example, you could start repayments that leave you with no money for yourself. What would you do if an emergency happened such as something in your house breaking? Your car breaking down? A family emergency etc?

    You need to take all that into account.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


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  4. #4
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    I have the agreed arrangements in writing on emails and my accounts on their websites have been updated accordingly with how much they will take on which date. My wonga plan has been up and running for 3 payments and everything has went fine so far.

    I think ill just keep emailing the ones who are ignoring me until i get some sort of response, could anyone with prior knowledge of how the companies in question operate tell me if i have a realistic chance of striking a deal? From what i have read on here Minicredit seem a nightmare to deal with but ive not seen so much about Speed-e or Payday express and im surprised that Payday UK are rejecting my first offer.

    Thanks for the help


  5. #5
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    Default Re: Multiple Loan Nightmare

    They are obliged by regulation to agree a repayment planicon with you. However, because nobody is reporting them to the regulatory body, they now have the attitude of they can say and do whatever they like without repercussion.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


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  6. #6
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    Yes, they certainly give off that impression anyway, well the majority of them anyway. I have to admit i've been pleasantly surprised by how wonga have treated me, they get a lot of bad press but have been the most supportive and speedydosh replied within three minutes with standing order details. It just seems like there is a few companies who dont want to be fair.

    Renegadeimp- Is it worthwhile to let my payday uk loan go into default in order to get the plan up and running? Or should they accept before i default? It's really annoying that on their sites they say if you run into problems that you should contact them right away yet when you do they just tell you to default, this is the email they sent me minus the personal details.


    Dear ********,

    Many thanks for your email.

    We will need to try for payment as per your Loan Agreement terms and conditions on **/**/2012. If this payment fails then a member of our Repayment Team will contact you.

    Payment is taken from the Debit Card provided and not by direct debiticon. Please check with your card issuer regarding any authorisation charges.

    As we work with a Credit Reference Agency, we share your account information on a monthly basis, so when you repay your loan on time, this could also help to improve your credit rating. However if you do not repay on time this could have a negative impact on your credit rating.

    If you have any further queries please do not hesitate to contact us on 0871 271 6111^ (Call charges apply – 10p per minute from BT landlines, mobiles and other providers may vary). Our office is open 9am - 8.30pm Monday to Friday and 10am - 4pm on Saturday.

    Kind Regards,

    *******

    Customer Services

    PaydayUK (T3L),
    PO Box 255,
    Bicester,
    Oxfordshire,OX26 4ZY
    Telephone : 0871 271 6111^
    Fax: 0845 127 4365


  7. #7
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    Default Re: Multiple Loan Nightmare

    You can let them default if you like. Just be aware that a lot of PDL's will try and throw on charges for it. But almost all the penalty charges are not legally enforceable anyway.

    They say that they need to try for repayment anyway, that is completely false. You need to write or email them and revoke any and all permission for them to touch your account. Then contact the bank and tell them not to authorise any transactions related to the PDL.

    Also :

    As we work with a Credit Reference Agency, we share your account information on a monthly basis, so when you repay your loan on time, this could also help to improve your credit rating. However if you do not repay on time this could have a negative impact on your credit rating.
    PDL loans are short term, unregulated loans. They cannot increase your credit rating. However they can have a very negative impact. PDL's do not share info on a monthly basis. Especially for a payday loanicon. Which by definition is 7-31 days long. They can only put on a negative marker saying you have defaulted on the entire payment or a CCJ marker if they are successful in court.

    Get that letter in a complaint to the OFT.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


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  8. #8
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    I have two seperate accounts already, and ive got my employer to send my wages into the one that isnt linked to any PDL's, i just planned on moving money in when it was due so they could only get what was available, for example my first txtloan payment is tomorrow so ill move the exact amount into that account before i go to sleep tonight just incase they decide to try for more.

    Ill get that letter to the OFT wrote up tonight

    In regards to payday uk, i'm definitely going to take the fight to them and make it clear that they are not authorised to touch my account and see what kind of response i get then, thanks for all the help tonight renegadeimp, hopefully i'll have some good news tomorrow


  9. #9
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    Default Re: Multiple Loan Nightmare

    You are very welcome. Just remember that it takes a lot of patience and persistance to get them to listen.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


    If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks
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  10. #10
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    UPDATE

    Now agreed a 10 per week payment plan with Payday UK and am in negotiations with Payday Express for the same, Minicredit and Speed-e-loans seem to be refusing to even reply though but i will be sure to keep plugging away at them.

    I think the trick with payday uk is to just keep emailing them your plan, even when they email you back offering to defer payment for a month or to pay half, just be very persistent and eventually they will give in. I basically told them either they accepted what i was offering and they would get everything i owed or they risked getting nothing because there is no way i was going to be paying the default charges that they hit you with after the loan due date.

    So anyway, i now have plans set with: Quickquid, Wonga, Speedydosh, Txtloan and Payday UK. Feel so much better being in control of whats coming out of my accounts on which days


  11. #11
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    Default Re: Multiple Loan Nightmare

    Congrats Just make sure you get reciepts or copies of statement of account after each payment, and you keep up to date with them. Just in case they try anything.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


    If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks
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  12. #12
    Basic Account Holder willnotdoitagain Novitiate

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    Default Re: Multiple Loan Nightmare

    Can I ask how you managed to set repayment up with Quickquid ??


  13. #13
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    I just emailed their collections (collections@QuickQuid.co .uk) and they told me to talk to a live chat agent which i did and set up a four month plan, i then emailed collections again and asked them to send me a confirmation email of the plan with dates/ payments just in case they tried a fly one, i also saved the live chat log. They are only really willing to set up 4 month plans, which was affordable enough for me and all interesticon was frozen but i dont know what your situation is so dont know if this will be much use?


  14. #14
    Basic Account Holder willnotdoitagain Novitiate

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    Default Re: Multiple Loan Nightmare

    Thanks for your reply but a 4 month plan is no good to me at the minute my financial situation will not allow it. Have offered them 50 a month but they will not accept.


  15. #15
    Basic Account Holder FrugalJo Novitiate

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    Default Re: Multiple Loan Nightmare

    Gooner
    Speed-e-loans were ok, what email address did you use ?
    Minicredit are total wind up merchants, masters of copy and paste.


  16. #16
    Basic Account Holder goonerbhoy Novitiate

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    Default

    Quote Originally Posted by FrugalJo View Post
    Gooner
    Speed-e-loans were ok, what email address did you use ?
    Minicredit are total wind up merchants, masters of copy and paste.
    I think it was techsupport@ one, do you have a better address? This would be appreciated as I've not heard anything back at all.
    Thanks


  17. #17
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    Default Re: Multiple Loan Nightmare

    Speed-e-loans.com emails that ive found.

    Administrative Contact:
    Miller-Cheevers, Gary gmc@speed-e-loans.com
    507
    Centennial Park
    Elstree, Herts WD6 3FG
    GB
    447590563377

    Technical Contact:
    Miller-Cheevers, Gary gmc@speed-e-loans.com
    507
    Centennial Park
    Elstree, Herts WD6 3FG
    GB
    447590563377


    Worth a shot i guess since he seems to be the boss.

    Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..


    If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks
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  18. #18
    Basic Account Holder FrugalJo Novitiate

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    Default Re: Multiple Loan Nightmare

    Gooner
    I think i had trouble with the punctuation in the email address and it kept bouncing. Hang on, i'll find it..


  19. #19
    Basic Account Holder FrugalJo Novitiate

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    Default Re: Multiple Loan Nightmare

    This thread
    http://www.consumeractiongroup.co.uk...-email-address

    support@SpeedeLoans.com

    I also emailed their PR department...


  20. #20
    Basic Account Holder goonerbhoy Novitiate

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    Default Re: Multiple Loan Nightmare

    UPDATE

    Ive managed to arrange a plan with Speed-e-loans as well at a tenner a week The GMC email address worked and he said 'his team would assist with the matter' and to be fair to him it was all set up by close of business the next day. My repayment plans are now as follows:

    Wonga- 15 per week
    Speedydosh- 10 per week
    Speed-e-loans- 10 per week
    Payday UK- 10 per week
    Q.Q- 120 per month (only 3 to go)
    Txtloan- 50 per month

    Minicredit and Payday Express are still refusing to help me out though, if anyone knows how to crack them then that would be appreciated.



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