Been a while but just to update my situation I offered to pay back 375 in 3 monthly installments to close my account. This was not accepted but they wanted me to pay the 375 and then discuss what the balance left was. After this exchange i did not hear from them until the last week or so when someone claiming to be their legal officer has called my work and my mobile. My boss said the guy was quite aggresive when told i was unavailable. I yesterday received a letter from them stating " Following your failure to comply with the terms of your loan aggreement, we are now commencing legal action to recover the out standing loan." They have sent with this letter, what they say is a "defendant copy of a county court summons which is currently being processed and due to be sent to the county court for a judgement of 1894.82." They then go on to say that to avoid proceedings call now for payment. Would be really interested to hear if anyone has had success in dealing with this company or any advice on what my next move should be. Thanks

I agree they are by far the worst one that I've dealt with and believe me over the last year I've dealt with nearly every payday loan company out there. I have offered to pay them back the original loan amount and one months interest and will not give them a penny more unless they take me to court. If they'd been asking for a reasonable amonut from the start then they probably would have got paid months a go.

Just had a phone message from a Mr Peter Atkins at Spee-e-loans. He claims to be a legal officer. In his message he says that i must call him other wise they are going to contact my HR department at work to apply for a legal attachment to get the money i owe them. Can they do this? Any advice please really don't want them harassing my employers.

Sounds like good advice. Will wait and see what their response is to my letter. Can imagine they won't be too happy but these people are no better than loan sharks. Think it might be a while before any court action is taken but will keep you informed. On another note one of the companys i paid off, EPDL ( early payday loans ) sent a letter to my address to " the occupier". In this letter was " STATUTORY NOTICE " in bold at the top then went on to say- " Dear occupier, We are writing this letter as we are obliged by law to give 14 days notice of impending legal action against a registered occupant at this address. This may affect credit applications against this address. " Is this correct or legal and if not should i send this letter to someone to complain. Although i've settled my debt with them i now feel that if there's anything i can do to stop these people making money off people who can't afford it i should.

Thanks for the quick reply, Have already changed bank accounts and have been dealing with them via email so have a record of this contact as well. They repeatedly make threats to call me at work in their emails despite having been told by myself that i am unable to be contacted at work. Also they have said in their email that if they issue a default against me my bank will close my account as i am no longer bank worthy. I told them this was utter rubbish and was surprised that they would put such things in writing. Will try sending them the letter and see what comes back. Just worried that if it goes to court there may be a possibilty of being ordered to pay the full £1270 they are claiming. Thanks

Hi, Looking for a bit of advice, over the last year I got myself into many problems by taking out payday loans. Got to the stage where paying off the interest from all of them was taking all my wages each month. i decided to get some control back and changed bank accounts as i found that even cancelling my debit cards wasn't enough to stop them taking my money. Since then i've paid off about 10 of these companies most settling for pretty much what i owed them and some a bit less although it pains me to think what i paid in rollover charges over the months. I now find myself left with one which is worrying me more than the rest. This is with a company called Speed-e-loans and they seem to be much more unreasonable than the other companies i've dealt with. I took out a loan of £300 with them on 23/4/10. They then took around £100 pounds in seperate £1 transactions on 3/6/10. However they now claim that i owe them £1270. Has anybody had any experience with this company that could give me some advice on how to deal with them. Also as there is no way i am going to pay them that sort of money, could anybody tell me, if it ends up going to court would i be ordered to pay the full amount or would they view it as unreasonable charges. Thanks