I have only just joined this so forgive me if I'm posting in the wrong place or anything. I took out 200 with speedcredit in May, lost my job, rolled the loan over for another month and when it was due, and then i couldn't pay so called up for a repayment plan. They agreed but somehow tricked me into a agreeing to a repayment plan of £50 a month, adding up to 500 all together when i should have only owed 200 + 2 months interest. When it came to paying back the first £50 i was unable to, so they let me start paying the repayment plan a month later- the catch being that i pay a total of 550 all together. I don't understand how the charges are so high, are they allowed to add so much onto the amount owed?? Anyway, today I am supposed to pay the first 50 pounds, yes TODAY but they have already emailed me saying it is late, when i just haven't put it in yet and should have until the end of the day to do so. Speedcredit sent me this email: "You have failed to honour the payments you agreed to so this file has been fast-tracked for recovery through the courts and by recovery agents. You should contact Northern Debt Recovery within 24 hours days on 0843 381 0843 or we will be left no option but to send our Recovery Agents to all addresses we have on file for you in order to obtain payment. This will incur additional fees. We will shortly be liaising with solicitors to obtain a County Court Judgement against you. Once this is secured we will return with a Warrant of Execution from the County Court and certified Court Bailiffs to seize g oods up to 9 times the value of what you owe. Legal and Recovery fees have been added to your file. Below is a breakdown of what you owe Loan and Interest £344 Cash Transmission Fee 23.05.12 5 Missed Payment Fee 1 (day 29) 20.06.12 10 Closing Amount Discount 30.06.12 191 Repayments todate £0 Total £550" I am not sure what to do because I could call them up and give them their first £50 which i can hardly afford on job seekers allowance, but i feel it isnt fair how much they are expecting me to pay back and is there anyway i can make them lessen the extortionate amount i 'owe'??? Help would be greatly appreciated.