pounds till payday debt: need help urgently

[5printst]

Please can anyone offer any more upto date advise on recent dealings with this company.

 

I have had to cancel my direct debits due to a change in my financial situation and have had loans with this company on and off for approx the past 3 years (yes silly me I know but once you start it is a very quick downwards spiral) and this is the first time I have had to do this. I dare not think about the interest I have paid over this time period.

 

Anyway, I do intend to send them a financial statement detailing my situation and make smaller more manageable payments to them - I also want to get out of this endless cycle of borrowing with them.

 

I am also puzzled as when I rung my bank they said that although PTP have been collecting regular direct debits from my account there is no actual direct debit set up. Does anyone know if this goes against banking regulations or the direct debit regulation scheme?

 

Any help/advice or template letters woould be gratefully receive as I need to try and find some light out of this very dark tunnel.

 

Thanks

 

 

 

 

I think this is a VERY KEY part of this train of correspondence, I am very interested to know what you mean when you say there is no DirectDebit agreement set up? under what mandate has your bank been paying these people? direct debits are strictly controlled in this country.

 

Any more info about this ?

[Erica11 - Swift]

I recently took out a payday loan with a company called Pounds till payday (northway broker ltd) for £400. i am having to repay £518 in total but am not able to pay on the due date. i have contacted them to try and arrange some smaller payment arrangements but they say they cannot do this and if i cannot pay that they will contact my personnel department where i work.

 

i think i would explode with humiliation if it came to this.

 

are they legally allowed to take this action.

Can anyone think of action i cold take to stop this happening. They won't come to an agreement with me and they have my employers phone number.

 

is there anyone on here that could look at my agreement and help a guy out.

 

Hi Everyone,We encourage you and anyone who is having financial difficulties to contact us as soon as possible. We will do our best to find a solution for each situation. We cannot post our contact details directly here but we encourage you to look us up and contact us via our live chat, email address our free phone number.Kindest Regards,Customer Relations

[sillygirl1]

They are NOT entitled to contact your personnel department and demand money from your wages. In the UK only a court order can achieve that and they won't go near a court.

 

If you have that in writing contact Trading Standards and the OFT

 

http://www.tradingstandards.gov.uk

http://www.consumerdirect.gov.uk

 

PTP like to think they are outside EU and UK law but they are NOT.