How on Earth have they got to the sum of £760!!?? It's absolutely extortionate. I'd let them take me to court and see how they explain those charges to the courts, they'd be laughed out! General advice on here seems to be they are only entitled to the original sum plus 1 months interest - unfortunately I don't have any experience of this company, but no doubt someone will be along soon with better advice. Whilst most companies never bother actually going to court, there are a couple who have done I believe - there are lots of horrible stories on here about this company so I am sure others have been in this position and will direct you onto the right path

I would have thought this is a generic letter designed to scare you into paying - as far as I am aware, as long as you are making efforts to repay them and have documented proof you are trying to settle the loan, then the courts probably wouldn't entertain it. Keep sending them emails offering repayment terms, they sound like a real bunch of bullies to me How much was the original loan for, when was it due and how much have you paid them so far?

No I have swapped it to my other barclays current account now so they shouldn't be able to get anything! Thanks for the advice so far!!

Sorry I don't know why it has posted with no spaces/paragraph breaks in the above post!!

Hi everyoneI know there are loads of posts on here similar to mine but I really could use some advice specific to the companies I am about to default withI am in a terrible mess with these loans, I am paying over £800 a month in interest alone (have been for over a year!) and this month my circumstances have changed dramatically and now I can't afford the repayments so I am just going to have to take the plunge and default on themWhat's important to know is that I am not trying to get out of paying these, I borrowed the money and I accept that I have to pay it back. So far I have moved my wages into a different account for this coming payday and I am going to cancel the debit card linked to my other account today so hopefully they wont be able to take any money from meThe companies I owe are:WageDay AdvanceSafe Loans (Payday OK)Access Fast MoneyConvers Money247 MoneyboxSpeedy CashMr LenderTower CapitalCapital Finance OneBasically I'd like to know how each of these will react when I tell them I can no longer afford the monthly payments and I offer a reduced payment per month to clear the balance, I've read some real horror stories on here (mainly about CFO) and the most important thing for me is that I don't get harassed at work so how would I make sure they don't call me at work?I am not going to offer stupid repayments, a minimum of £50 per month to each - I wouldn't class that as unreasonable - do you think this would 'soften the blow' as it were?Any advice on how to get this sorted would be so gratefully received, I cannot afford this anymore, it's making me sick with worry every monthThanks guys