Payday loans. How did you solve them? **

[lozzzy]

The Jammy Sods! that makes sence why they wont reply to my emails after reading that thread.

 

I'll just keep hounding them like theyhound me via email and post! murhahahha

[lozzzy]

I know i shouldnt have but i rang them! had a lovely arguement as they wont repond to my emails. confirmed the addresss and they say they havent received the 4 emails i've sent. They did confirm that they are part of MEM and will be forwarding my to 1st debt collection or something like that! not will willing to accept any repayment etc as my income is too low and wont put anything in writing unless i wish to pay for a transcript of the call. I said i'd contact the finical obusman and he said... well your not allowed! I'd love to swear but i dont think the webmasters would approve lol.

 

I said "what should i do if you wont accept my payment" and they said "Dont know!"

 

Any futher advice.

 

PS they say it wont go to clarity! mayb they have parted ways?

[lozzzy]

Hey,

 

sorry to be inpaicent, but any advice on what i should do next?

[robjam1969]

Hi Lozzy

 

I would just sit back and wait for them to contact you. Not a lot they can do really other than pass to DCA of their choice. Ultimately you have made an offer that they won't accept. From what I have seen so far DCA's are generally easier to negotiate with than the companies themselves. Let us know when you hear from them.

[lozzzy]

In a final attempt to cover my ass, i have once again emailed Payday uk & Keyes Whitlock & Company. In a suprising turn around (orginall they said they would not accept a repayment of £50 or £30 a month they have offered me a payment of £52.50. To save myself some headache of debt collectors and to clear the balance quicker i am going to accept however, do anyone have any suggestions on basicly what to reply.

 

What i want to do is prior to offically agreeing to anything to have an agree set of conditions i.e they will stop interest and not pursue me for further amounts after repaying the agree amount etc. anyone know of any others to include?

[lozzzy]

What does everyone think?

 

Dear Sirs,

Before I officially agree to this repayment I wish for you to confirm a few items for me please.

Can you please supply me with the current balance and confirm that once this agreement is in place no further charges or interest will be applied to the account to enable me to clear the balance.

I also wish for confirmation that once the agreed current balance has been repaid, that you will not pursue me for any additional costs or hold any comments on records held about me after the repayment of the outstanding balance which would be consider as defamation.

Kind Regards

[robjam1969]

Hi Lozzy

 

Look OK to me. A good idea to get something in writing from them as they will tell you anything. I would be tempted to add a payment schedule and ask them to confirm they consider this arrangement as FULL AND FINAL SETTLEMENT. Either way unlikely they will hound you if you maintain payments.

 

At least they are now listening to you!!

[lozzzy]

And finally the responce...

 

> From: [email protected]

> To:

> Date: Wed, 13 May 2009 16:36:19 +0100

> Subject: RE: RE: Loan Repayment Failed

>

> Dear Lozzzy>

 

> The current balance of your account is £562.50.

> When the payment plan is in place and payments are being kept to then no you wont recieve any charges or no interest will be applied to the account and once you have paid the £562.50 then your loan will be settled.

> What date can you pay this and can you please confirm your following card details in order to take payments from each month:

>

> Bank Name

> Debit Card Type

> Name as it appears on the card

> Long Card number

> 3 Digit Security Number

> Start Date (if applicable)

> Expiry Date

> Issue Number (if applicable)

>

> Regards,

>

> Debt Recoveries

> Keyes Whitlock & Company

> PO Box 365

> BICESTER

> OX26 9FD

> Telephone: 0800 074 5010

> Fax: 0845 299 1450

 

 

My responce

 

Dear sirs,

 

Finally as the current balance of the account is £562.20 my repayment to you would be as follows:

 

27th May 2009 - £52.50

27th June 2009 - £52.50

27th July 2009 - £52.50

27th August 2009 - £52.50

27th September 2009 - £52.50

27th October 2009 - £52.50

27th Nov 2009 - £52.50

27th December 2009 - £52.50

27th January 2010 - £52.50

27th Feb 2010 - £52.50

27th March 2010 - £37.20

Total - £562.20

 

Once the final payment has been made i wish for any negative comments to be removed from my credit file.

 

If you could please confirm that this will be the repayment amounts taken and agree with the repayment date etc then i will be happy to prove you with my banking details.

 

Regards

[robjam1969]

Hi Lozzy

 

Looks good. Do you really want them to have your card details. I would ask for their bank account detais to make manual payments or set up a standing order.

 

They may well take whay you have agreed but can you afford for them to take the lot (they have been known to) and then for you to have to chase them for it?

 

You are getting there!

[lozzzy]

Well i've given them a chance with my card details and today they only took the payment for £52 as agreed! fingers crossed it stays this way!

[OBMCFC]

Well done Lozzzy, just sent my Right of Appropriatation letter to First Direct and now have to contact PadayUK (MEM) to say they won't be paid. Owe them £675 and feel bit better after reading your thread.

 

Thanks to everyone who contributed will let you know how it goes

Edited May 27, 2009 by OBMCFC
spelling mistake

[lozzzy]

try to avoid talking to them on the phone. they are really nasty and pushy! just keep emailing them until they respond! if you need any info just shout and i'll tell you anything i know!

[OBMCFC]

try to avoid talking to them on the phone. they are really nasty and pushy! just keep emailing them until they respond! if you need any info just shout and i'll tell you anything i know!

 

 

Cheers, they replied to email of my offer of £40 saying they had to take payment this month, I replied and said I had told bank not to pay it, ask me to ring them but I said wanted everything in writing

[OBMCFC]

The fun has begun.

 

I sent letter with details of payments I wished to make etc and asked can everything be carried out via letter and email with no phone calls so I have a copy.

 

Have rang me twice (I didn't answer). I have mailed twice saying don't ring me again I have made arrangments with bank to cancel the payment, they have replied saying payment will be made this month then we can talk about increasing my loan amount

[OBMCFC]

Had 2 calls this morning (one to mobile and one to work) which I didn't answer and a text message to ring them immediately.

 

So much for the emails saying please don't ring.

 

I know they got the emails as they replied.

[robjam1969]

They will soon get fed up when you refuse to talk them.

[lozzzy]

keep on at them. Out of interest, does anyone know if they can actually contact your place of work.

 

Oasis aka 1monthloan have a claus in the contract that they can contact your boss and ask for money to be taken from your wage.

 

can they do this?

[lozzzy]

has anyone got an experience with one month loan? they dont seem keen to respond to any of my emails (instead they just keepsending me invites to defer!)

[robjam1969]

A friend of mine has managed to get them to accept minimal payments with interest frozen. This was after being told they were entering in to a DMP. Prior to this they continually tried to 'reset/defer' the loan

 

It would appear this company are keen to keep you in debt with them. I would write making them an offer you can afford and don't be pushed in to deferring etc. They seem to be more reasonable when they realise that you aint going to budge.

 

My friend also has their bank details and is paying by standing order.

 

Best of luck.

[lozzzy]

hey robjam,

 

thanks for the advice. After a few more emails to them, they have agree a repayment and have allowed me to pay by standing order. woohoo! getting there now!

[evancosmo]

i had a £750 loan with MEM (PDUK) that with interest meant I owed them £935. Defaulted due to short month & while they harassed me for a while & handed me over to Keyes Whitlock (same address) & threatened doorstep collection. I sent them an offer to pay in six equal instalments via email over 6 weeks ago and never heard back. No adverse info with CRA either!

[lozzzy]

that sounds great, but be careful. i emailed Keyes and whitlock and they just ignored me and evenually after several weeks they started to send letter after letter whilst still ignoring me! in the end i emailed them and copied in payday uk and harrased them until someone finally replied and set up the repayment plan. I hope they have forgotton about it but please dont think you've got away with it cause at some point the chances are they will track you down!

[evancosmo]

Thought it was probably too good to be true.

 

Thanks for the heads up lozzy; at the very least a bit of a breather & no adverse info with CRAs has to be a good thing!

[undercover]

if you need to stop this company taking more money than you want them too...

 

get a new card for the account they already know about, then they cannot take the money, they do it through a debit transaction, and the security code is different on the new card..

 

search on here for a "pay as you go credit card", 02 do one for their customers for free, and other companys do free ones, search this site and someone will point you to a free one.

 

load the card with just the right amount of money each month, and give them the details for that card...

 

im doing this now, for this company, as they have told me on a few occasions "if we try for the full amount, and it goes through, there wont be a refund, it will be taken as settlement"

 

so to eliminate the risk of them taking more than I want them to... i did the above...

 

 

i dont use this forum much so feel free to copy and paste this tip anywhere it may be of use... its easy and free and works

[OBMCFC]

My £685 debt has now been handed to a debt collection company from Glasgow called Buchanan Clark and Wells

 

I did offer Payday UK £40 a month 6 months ago and they wouldn't accept it. All rest of my creditors accepted it and have one more payment with Barclaycard and paid a few payments to First Direct and Visa

 

Have just written to the debt collection agency trying to set up repayment plan