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    • I'm on happy pills (anti depressants) but they aren't cutting the mustard anymore and I do need to see my GP soon to see if he can help in anyway. With regards to gambling it's so complicated; through my life I have made money (as well as having had some jobs)  being a "professional gambler" (gambling where the odds are in your favour - think card counting for example, fruit machines years ago for a long time.... Other things.) But I've also been totally compulsive at the same time. It;'s so entrenched in my psyche that it's hard to imagine just giving it up totally. I also have drug issues that have plagued me and it's a shame because I am fairly intelligent and could have been successful in life in theory but mainly due to those two things (and not really having any drive, ambition, whatever... I could go on and on but this isn't a therapy forum :P) I've not managed to. I'm 36 by the way. Cheers
    • Oh I just remembered I have a long defaulted account with Halifax balance approx £3700 I believe (from around 2015) but they aren't chasing me for it or anything. It was actually over £5000 but they refunded me a load of unfair charges (their words)  This does however push me over the £20,000 limit for a DRO I think?  
    • Hi.   I think you've made a good start by setting out in writing what you need to deal with. People should be along later to advise on how to deal with your creditors.   For the mental side of things, have you talked to your GP about getting some help with what's getting you down? Or support with the gambling issues?   HB
    • Hi people.   So I've managed to get myself into a sorry state financially. I'm insanely depressed which I guess is common for many. I don't think all of it comes down to the financial stuff but it is really crushing me now.   Facts: A lot of debt has been due to living on credit and gambling. I don't have a job. I know I should get one but I just totally despondant at the moment (due to many reasons). I don't expect any sympathy but I thought I would share this.   It's tempting to bury my head in the sand and wait for the inevitable calls from various collections departments but I want to be as proactive as possible. I think I've cancelled all direct debits so I don't get bouncing charges from the banks...   So onto the debts:   Loans livelend; £2400 was 4k 13% interest Bamboo £3000 (only just made the first payment this month) supid interest Likelyloans approx £3500 stupid interest  One payday loan for £200 I just got to cover some bills (knowing that I'd unlikely be able to pay it) - this is the only thing I haven't cancelled with the bank as they just take it from your card   Credit cards: Aqua approx. 3900 Capital one approx. 1200 Amazon approx £500 Paypal Credit Approx £1100 Overdrafts Santander £1500 Barclays £1k limit (I don't actually pay anything for this)   So all in all approximately £18,000     I also have a negative Paypal balance of £5000 but I don't believe this classes as a debt and I don't think they can do anything about this having read up on it quite a lot.   I guess my question is what is my best course of action. Should I look to do a DRO? Should I go bankrupt? (eurgh. Full disclosure I did this 15 years ago when I was 21. You think I would have learnt!) Should I write to each creditor and offer them £1 a month? Should I talk to one of the debt charities?   It is all my fault that I'm in this state but I also know that it's not the end of the world because they are all non priority debts. I probably am slightly behind on the council tax but not significantly.   I started claiming universal credit a couple of weeks ago and had my first appointment last week but managed to miss the next one due to not being able to sleep and then oversleeping and so I guess they've probably kicked me off that already and I might have to claim again.    So yeah. I take responsibility for what's happened but I don't see any way out. I've been very depressed lately due to this and other things. There is no one to "bail me out" and I probably don't need or want that anyway. Any advice appreciated          
    • Hi All,   I left the UAE 2 years ago. Have my bank clearance letter from HSBC.  I have been receiving emails from a company based in Hemel Hampstead IDRWW about money owed to the bank of RAK in the UAE which I’ve ignored as thought it was spam. I have now received a letter through the post saying the same thing (no idea how they have got my new address) that they are acting on behalf of RAK bank. I’ve never had an account with them but know how dodgy things are over there so would be nervous going back!.... Do I just ignore it or reply? It must be identity theft?  I am also nervous about travelling as I travel a lot & wouldn’t want to be arrested!!  I obviously have no intent on paying a debt that is not mine plus have no assets here anyway... Can they actually take me to court for something that isn’t mine??  Any info gratefully received.  Have spoken to citizens advice & they couldn’t help. Thankyou   
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lozzzy

Payday loans. How did you solve them? **

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Hey all,

 

I have got some payday loans which are getting bloody expensive! I cant contiune with them and still be able to pay my mortgage and therefore i am thinking of ways to pay them off ect.

 

I just wondered basiclly what methods everyone used and how you rate it (short term or long term & any effects on your credit rating etc!).

 

I've seen that some people went to the companies and said they couldnt pay, but i've seen adverts for conslidation over 6mnths which might not mess up my credit rating much more (its already rather unhealthy but will end up costing my just as much!).

 

My loans are with Payday UK, 1month loan (oasis), and Wageday Advance ltd.

 

Has anyone else used these companys and paid them off and lived to tell the tale?

 

Any inform or background would be appricated so i can start planning my attack!

 

Thank you all for your your help!


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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hi lozzzy

ime a reformed pay day addict

they way i did it, which they did not like at first was to get them to put a hold on the account.

i made a reasnable offer of fifty quid per month to clear the accounts

they threatened court at first, but they are scared of trying to explain the interest rate.

 

try the letter approach or email first

they might surprise you

quite a lot of pay day loans get defaulted so this way, they will get there money

 

its very rar for a payday loan company to put a default on your credit file

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I loosly understand that if i go to the finical obusman (excuse my spelling) they have a system for making companies agree a repayment plan etc etc. has anyone considered this? apparently the FO can insist on them accepting a payment (what ever is agreed). does anyone know if this is true, as if they can be forced by the FO it could save people some heartache and hassle of trying to get these companies to agree.


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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ps. postggj would you mind mentioning which companies you owed. I've read that some people have been having a few issues getting payday uk (MEM) to agree to anything (like trying to nail slime).


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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your account with payday uk will be passed to a company ,dca, called clarity

these are no problem to deal with

 

a lot of these payday comanies are basedin malta, you get bombarded with calls from canada and southern ireland, out of uk duristiction

 

most of the agreements are crap and fall foul of the cca

 

stand your ground and offer a decent repayment proposal, they will except in the end

 

change your debit card number and cancel any dd or they will empty your account

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thanks for your advice! your a star!

 

i'm just doing formation of contract and CCA at college so hopefully i'll understanding it all one day soon if anyone else is reading this in a few months time, i might be of some use!

 

In the meantime, i hope you dont all mind but i'll continue to make note of my progress incase it helps anyone else!


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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hey, can anyone please point me in the direction of any letters which they have used for coming to an repayment agreement?


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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I used CAB who sent letters of repayment offers to all my Payday jaunts (4 in all!!) they accepted reduced payments to clear of debts aprt from PaydayUK who passed my account to Clarity who also accepted minimum payments?

 

zelig

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hi i tried to look on the CAB incase they had some template letters i could use but i cant find any (and appointments are like gold dust!).

 

can anyone please point me in the direction of some letters?


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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well i sent a letter across to payday uk... here the responce

 

Dear Lozzzy,

 

Thank you for your offer of payment. Unfortunately we are unable to accept an offer of payment of this level.

 

The reason for this, is because after reviewing your Finacial Statement, you only have a disposible income of £11.70.

 

We require an offer of a higher payment amount to prevent your account being passed to a specialist debt recovery company.

 

Please contact our collections department on free phone 0800 280 2666 and one of our agents will be happy to help.

 

Our office is open 8.30am - 8.30pm Monday to Friday and 10am - 3pm on Saturday.

 

Regards,

 

Collections and Legal

 

PaydayUK (ECM3),

PO Box 255,

Bicester,

Oxfordshire,OX26 4ZY

 

MEM Consumer Finance Ltd, registered in England and Wales, registration number 04786727, registered address 88 Wood Street, London, EC2V 7AJ

 

Well i'm confused! i have too smaller disposilbe income yet, they want a higher offer!


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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PS: I made them an offer of £65 per month. I owe them £562.00.


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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PS: I made them an offer of £65 per month. I owe them £562.00.

 

 

Hi Lozzy,

 

Your offer of £65 per month is VERY generous!

 

My balance with these clowns was at £1230 including some crappy fee that I had removed, and they accepted £30 a month, but I waited for them to hand me over to Clarity first. They are a bunch of softies as far as DCA's are concerned.

They are not bad at all. I sent them a letter stating they should not call me or any visits. And they kept to it.

Everything in writting!

 

I paid £30 a month for a while then after a short while I offered a MUCH reduced offer that was accepted and cleared the balance. No record of them was placed on my credit file at all.

 

Just stick to the agreed amount. And if you can after a few months make an offer of about 60% of the remaining balance.

 

Ive only got one left to go!! :D


I need to change my avatar..But cant find a good replacement.

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the bicester mob again

 

these people have so many payday companies

 

as usual

debt passed to clarity

stick to you guns saying xyz and they will agree yor repayment plans

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can provide with the required amount of cash quickly where you can solve the your problem very easily and can have guidance also. Visit

 

 

2007-08-02Spam.jpg

Edited by freakyleaky
Removed links from unnaproved post. Thanks Molly.

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I have 4 loans at the moment, total interest only payments are about £575 permonth, effectively this would mean that I could afford to pay one off each month for the next 4 months however it does not work like that.

 

QuickQuid are happyto take a partial capital repayment along with the interest for rolling over however PoundsTillPayday want the whole aount each month before re-lending. Therefore the procedure is slightly different with each lender.

 

I am looking to put a proposal to each of them of £100 per month until paid off and was wondering what the best course of action is.

 

I am assuming that the first thing to do would be to cancel my Debit Card, which funds 2 of the loans and cancel the DDs for the other 2.

 

Does anyone have any template letters for them, they are (in no particular order) PoundsTillPayday, Quick Quid, Uncle Buck, Early Pay Day Lenders.

 

(To be fair the last two are not two bad. Uncle Buck refunded a £75 charge incurred because they took payment on the wrong day...)

 

It is just that £5k in interest over a year is a little steep for £2k worth of loans!

Edited by Enfieldian

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i sent them a letter saying that i couldnt pay and giving them a breakdown of what i pay out etc thus saying i have £x which i can pay, please stop the interest and charges. they have refused my reduced payment over email and have wrote to me demanding payment therefore i am going to stop emailing and send everything recorded delivery!


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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Thats payday uk. The others i skinted myself and paid (was a bit scared 1month loan would contact my employer!)


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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Your address

Date

Their address

 

FAO Customer Services

 

 

 

Dear Sir/Madam,

 

Your Ref : xxxxxxxx

 

I regret to inform you that I am no longer able to maintain minimum payments on the above account.

 

I have set out an outline of my Income/Expenditure below, which details my present financial circumstances. As you can see from these figures, I am only able to offer you £xx per month at this time in line with my other creditors and would therefore be grateful if you could suspend all interest/charges until such times as I can resume normal payments.

 

For your information, I have today credited the account with £xx and will continue to do so each and every month until further notice (amend this if you're unable to pay anything now).

 

Personal Budget Sheet

 

Income (£ monthly)

Salary xxx

Tax Credits xxx

Child Benefit xx

Total : xxx

 

Outgoings (£ monthly)

Housing costs xxx

Council Tax xx

Gas xx

Electricity xx

Water xx

Insurance xx

Food xxx

Clothing xxx

Transport to Work xxx

School Meals xx

Household xx

Telephone xx

TV Licence xx

(Amend as applicable)

 

Total : x,xxx

 

Other Debt (1) xx

Other Debt (2) xx

This company (3) xx

(Amend as applicable)

 

Grand Total : x,xxx

 

I can only apologise for being unable to maintain the minimum payments and hope that you will see this letter as a sincere attempt to deal with my situation in a responsible way.

 

I would also like to state that I whilst I am not willing to entertain any callers and/or agents in connection with your company, I will nevertheless ensure that my payment reaches you by post within the timescales you currently use. However, if you would prefer these payments to be made direct to a bank account of your own, then I would be grateful for a payment book to be posted to me by return.

 

Yours faithfully,

 

 

xxxxxxx

 

 

This is a good letter offering reduced payments and can be amended to suit :)


Any typos spelling mistakes are due to leprechauns in my keyboard they move the letters around sometimes (amended just for Bookie)

 

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well finally i get another email...

 

Dear Lozzzy,

 

Your loan repayment of [PAYMENTAMOUNT] due to MEM Consumer Finance remains outstanding.

 

Due to the lack of contact made with them or failure to honour payments as agreed, your account has now been transferred.

 

Keyes Whitlock & Company are a Specialist Debt Recovery Agency and we will be handling your account.

 

You are urgently required to contact our offices on our free phone number 0800 074 5010 between 8.30am and 8.30pm Monday - Friday or 10am - 3pm Saturday.

 

Regards,

 

Debt Recoveries

 

Keyes Whitlock & Company

PO Box 365

BICESTER

OX26 9FD

Telephone: 0800 074 5010

Fax: 0845 299 1450

 

 

Keyes Whitlock & Company, registered in England and Wales, registration number 04786727

 

 

They havent even written in the loan amount! I've email them back stating i have been in contact with MEM who are unwilling to enter into a repayment plan with me or address any other questions. any tips from here?


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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I would hope that after all these letters that if the issue does go to court you can at least prove you tried to negotiate but MEM refused, that way they could be nailed...

 

As far as 'contacting your employer' goes they cannot do anything other than telephone, and should they tell your employer anything that is a breach of confidentiality. They cannot get bank details and 'arrest your wages' WITHOUT a court order, hopefully most payroll people know this and won't turn any information over to them. They are working on the 'fear' factor here.

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Well Payday UK have passed on my account but not to clarity!

 

I've emailed this company but they keep ignoring me which makes me nervous!

 

The company is Keyes Whitlock & Company‏. does anyone know anything about them??


Please sign this petition - Asking for the government to drop the length of time credit ref agencies can hold data on us!!

 

http://petitions.number10.gov.uk/CreditRA/

 

:smile::p:rolleyes:

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interesting this

 

you will prob find

Debt Recoveries

 

Keyes Whitlock & Company

PO Box 365

BICESTER

OX26 9FD

 

are in the same building as pay day uk or mem

 

check the postcode

both are bicester

 

being naughty now

 

box 365 is mem

 

did not get it from me

 

its all in house like

 

hbos - blair oliver and scot

capital one - debitas

 

seems they dont like paying commission to clarity

 

be interesting to find out if there credit licence is the same registration as mem or pay day uk

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