Hi just after a bit of advise if poss - to keep a long story short, I got myself into some financial trouble and ended up using various payday loan companies. Most i managed to pay off in full. i had 2 outstanding one of which was payday express. They just kept rolling over what i owed and charging me £100 each time. I worked out id paid well over what id borrowed. So i cancelled my debit card and stopped paying them anything. after loads of hassle, calls, emails i agreed to pay £10 a month. This debt then got transferred to equidebt and i carried on paying £10 a month. After 11 months i cancelled my direct debit to see if they would notice. After a couple of months they did. (I also cancelled the £10 a month i was paying to the other payday loan company and ive not heard anything). Equidebt have now chased payment and have offered me a settlement discount of £100 if i pay in full before 15th of april. or £10 a month at the original sum of £660. A family member has offered to pay it off for me. What should i do ? im worried if i pay in full it will just get transferred to another debt company and ill be in the same boat.. thanks

Hi i just wanted to update on what's been happening and ask a question - with my pay day hell.. I defaulted on both my swift sterling and pay day express loans. had loads of phone calls. I spoke with pay day express at first and told them my financial situation and they demanded i paid all the money straight away. wouldn't accept a payment plan. I set up a standing order of £5 a month and i just keep sending them emails saying im committed to paying what i borrowed plus 1 months interest. i will continue to pay £5 until such time i can afford to pay more. I've had a couple of letters/email saying they will send me to court and they will send out door step collectors but nothings happened since. Swift sterling were quite good a first, they spoke with me and gave me about 7 wks to pay in full, no phone calls or harassment then, but since i couldn't pay it got passed to crs. They were on the phone non stop, also sending emails. i spoke with them and they were extremely rude. Said i had by the end of the month to pay or extra charges, send you to court etc. They even said if you pay it off in full you can re loan with swift straight away..to which i said that sounds like responsible lending ! he said that its my best option. anyway set up a standing order direct to swift sterling, with regular emails to them stating the same as payday express. Anyway this week i got an email saying it was being passed to Clarity debt collectors. So i emailed them before they contacted me and said im paying swift sterling £10 a month and that im in financial difficulty and im hoping to pay the outstanding balance as quick as i can. Today i got an email response from clarity saying my account with them has been closed and passed back to swift sterling..........So anyone know what they will do next ???

Thanks im going to call them tomorrow and tell them i cant make this months payment and try and workout a payment plan. I borrowed £800 from swift so owe £1055 and £400 from payday express. The payday espress one i borrowed months ago and they keep charging me £100 to roll it on a month. must of paid them double i borrowed. thanks again for your help.

Hi im in the same mess as alot of people, was just wondering how much they myther your employer when you default...?

Im after some advice on my mums behalf if anyone can help....My mum consoladated here debts with a company called pay less finance. To keep a long story short shes been paying this company for 2 years who have been paying her debters...a couple of weeks ago she got notice through of a ccj. It appears Pay less finance have only been paying the small debts and not paying the large debt. As this is no fault of my mums as she thought her debt was being paid is there anyway of getting this ccj removed?