Just seeking some advice. My wife took out some payday loans.

Mr lender £300 a month £750 over 4 months

Sunny £230 a month 650 still owing paid back about 800

pounds to pocket £160 a month

mymate £380 a month 3 months to go .

Now the problem we have is we took these loans to help us out with money because my wife had been left her fathers house and the sale was due to go through last week and we were going to clear all these pdl . But at the last minute the buyers buyer pulled out and now the house is back on the market and could take another 6 months to sell .

My wifes wages are £1100 a month and mine about £800.

our mortgage is £550

council £ 188 we are in arrears

water £ 50

food £400

gas/elec £200 again in arrears

tv/phones £110

loan £130

tv licence/ house ins £ 40

to/from work dinners etc £150

we have about 100 spare now at the end of each month and cannot afford the £1100 a month back to these companies.

I have read about cancelling her cpa to these companies but really don't know which way to turn .

Any help would be much appreciated.

is there a template with an i./e form to write to these companies and also, should i mention that i am waiting on the sale of a house or not.

is there a template with an i./e form to write to these companies and also, should i mention that i am waiting on the sale of a house or not.

Have any of these loans been defaulted yet?

You can construct your own I&E statement is a simple list of all income after taxes against all your outgoings there's quite a few you can download as well.

Are there any children?

There is no children . None defaulted . But all to come out at the end of this month out of my wifes account were all the bills come from too . Will be well under sufficient funds available .

There is no children . None defaulted . But all to come out at the end of this month out of my wifes account were all the bills come from too . Will be well under sufficient funds available .

Getting these companies to agree to defer or reduce payment will not be easy and probably expensive I suspect.

These are all current so it is unlikely to be defective or non existing paper work.

Difficult indeed to see a way around this other than cancelling the CPAs and taking the consequences of defaults and the debts being sold on to a debt purchaser.

You could as you have said write to each lender and ask if the payment can be drastically reduced or deferred until the house sale is completed.

You could also seek advice from an organisation such as National Debt Line or CAB.

Just a quick update . Pounds to pocket have been great £25 a month and interest frozen . So have mymate.co.uk same as pounds to pocket and Sunny loans too 25 a month until the balance is cleared. The only problem is mr lender . i hace sent numerous emails explaing my situation and detailed income and expenditure lists . they keep emailing me saying .

""""Unfortunately we are unable to accept your offer without supportive documentation.

Please let us know should you decide to accept our original offer or should you manage to arrange some bank statements for us"""

They have cancelled the cpa like the 3 other companies . I have also said tht the law dosent require me to send personal bank statements and they wont listen . Any help

Final response from them .

Please treat this as my final response on the matter.

Unfortunately without bank statements we are unable to accept your offer.

If you are unable to arrange any bank statements we cannot improve our offer.

You can take a screen shot of your online banking and forward over via email.

Tell them youa r eunder no obligation to provide private information like that. Especially for a PDL. An I&E is all that is needed. Since they have refused to adhere to their credit licence guidelines, you will now be forming a full and comprehensive complaint to the FCA and FOS.

Mr lender seem to be one of the PDL's that ignore everything. Not surprising since they are VERY close friends with MMF.

Thank you so much for your responce . i have sent that to them .

Make sure you DO complain. Dont just threaten it. These outfits get hundreds of threats. Very few people follow through with them which is why they are still in business.

will do thank you again