I too have had my old loan written off. Was sent to pra so previously told it wasn't going to be considered in there affordability testing. Such a surprise when I saw the email.

A quick update on where I am currently with this.

Pounds to payday: Added no charges or interest and accepted my payment plan straight away

MMF/Peachy: Replied to my request without a detailed statement and used my £1 postal against the balance. Have sent a complaint letter regarding this.

Opus/Minicredit: No reply received.

PAR/Wonga: Had reply saying my request has been sent to wonga and I will get a reply from them. As of yet ive had nothing. They also returned the postal order.

Payday Express: Replied in time with all info. Have written to them with regards to paying back over with a repayment plan.

Thanks for the reply great info for me.

So today I received a reply from MMF for the details of my peachy payday loan. The first thing to note is that despite me clearly stating it in my letter the postal order was used against my balance. Also the reply doesn't include a full statement of the account. All it has is the original payment plan ( i had a 2 month loan ) and the amount I now owe. So I cant tell what they have already taken and added on in interest and fees.

I should of repaid £301.53 and my balance is currently £531.53.

Do you think its a good idea for me to offer to pay just the original loan minus the charges £400 - £45 so offer£365 as they have already had 8 times the one months interest from extension fees which i never asked for/ agreed to. Or will I have to add on one months interest making it £481 to offer.

Until the figure is agreed to I wont be able to work out exactly how much i can pay a month so wont know how much to offer on a repayment plan. so should i just offer an amount I know will be doable and then increase later?

Hi renegadeimp do you have any advice of what to offer/write to them? Thanks

I want to pay the debt off. In installments but at a fair price because I feel all the charges ive had were a bit unfair. So want some advice of what to now to write to them and how much to offer.

Im no longer sure if they have sent what they should of having never sent off for a cca before. Its a 3 page letter. The first page states that this a statement for my account. With a loan summary stating the following:

• Original term of loan
  
• Date of Initial advance
  
• Amount of Credit
  
• Total Amount Due
  
• Annual Percentage Rate
  
• Annual Interest Rate
  

The next page is the statement with all the fees and payments on with a running balance and the final page has the agreement terms.

I have no way of scanning it no

I don't believe there was a transaction fee. Can anyone help with a letter I could send to them with how much I should offer to repay?

I don't think so and defienately not all 8 of them.

I don't think so and defienately not all 8 of them.

Ive had a reply to the cca request from payday express here is the information.

Loan amount £400. over 28 days total to repay £516

I have had extension fee of £116 taken from my bank account on 8 occasions totaling £928

plus 3 default charges of £15 taken totaling £45

And this leaves me with an outstanding balance of £632 which equals the original amount plus one more extension fee of £116.

I now want to write to them with the object of arranging a repayment plan. But would it be worth me trying to say I will only pay a certain amount as what they want is unfair?

Thank you

Thanks again. Advice is very much appreciated. I will update if and when i get replies.

I have the cca letters ready to send but who do I send them to the original company or the debt collection agency or both? and is a postal order ok for the £1 payment as i have no cheque book?

Thanks for the quick reply

Is anyone able to help me on this?

My problem is I dont have this information should I send all these companies a CCA letter and write to the DCAs saying the debt is in dispute until im able to work out correct figures?

The problem I have is i'm unsure what that figure would be

Thanks for the replys. Here is what the latest letters say I owe.

Pounds to Payday £519

Wonga £1400

Peachy £523

Payday Express £632

Minicredit £1800

I have emailed all the companies asking for a detailed statement but have received to reply.

I have been rather stupid with my money offer the last year and now have 5 outstanding payday loans. With 4 of them now with debt collectors. I've now got myself in a position to sort out this mess and pay them off with plans.

My issue is the amounts quoted as owed are far more than borrowed. One is 6 times more. However I don't have any information on the loans. So how would I go about finding this information out.

Many Thanks