Pounds till Payday **

[sillygirl1]

Yes, that is to stop you paying them off bit by bit - silly idiots - wouldn't it be easier for people to do that if they can't pay it back in one month.

 

I believe all loans of this type should be payable over a 3 month period with NO rollover charge being more than 25% of the remaining balance... but do they see that as a good deal - NOPE

[sillygirl1]

Sadly no, you need to change bank accounts as the company have your bank details and will 'dip into' your account from time to time to see if there are any funds, and take the lot... it has happened even when cards have been cancelled so getting your salary paid into another account puts you back in the driving seat.

[sillygirl1]

I've reported lostinspace1000 as they clearly are missing the point of the forum, that we are NOT advocating debt advoidance but getting people off the 'reloan' bandwagon.

 

Getting more credit is NOT what our posters want, nor need, what they are trying to do with this type of loan is get back onto the straight and narrow without having to rely on the credit bandwagon.

 

As the whole mortgage market still seems closed to all but the very wealthy or cash rich it seems pointless to even allow a loan of under £1000 to damage long term prospects, where is the logical sense in that?

[sillygirl1]

Take any voicemails Gavin leaves you to your local police station and say they are contributing to your panic attacks... they are completely unreasonable and cannot be allowed to continue harrassing customers who do want to pay them back, but not the £59 charge which is daylight robbery AND the rollover fee on top of the original loan.

 

As soon as possible get another bank account, Halifax have a good online one with debit card and online banking. Get your wages paid into this next month then you have some breathing space. It is the only way to guarantee you will have money for your PRIORITY bills.

 

Come back on here if you have any more hassle and we will advise accordingly.

[sillygirl1]

Please remember that PTP are NOT entitled to any Financial Statement, they will only misuse the information on it in THEIR favour. You must NEVER give out income/expenditure details NOR your National Insurance No just in case.....

 

I cant stress the above enough, same as having your salary paid into another bank account to avoid them taking the lot.

[sillygirl1]

mBlessing20 - that is the way to deal with them, I had one Canadian guy from QQ ranting on for about 20 minutes how he hates 'people like me' borrowing money and then backing down on the deal.. as I had earlier paid them back I let him rant and then he said '"What do you have to say'... I said 'You have the wrong person, debt repaid earlier today... goodbye and hope the rest of your shift gives you grief.'

 

They like to keep it verbal because they know they won't be able to use the phone calls as court evidence as they will go against them, that is why everytime one calls you should email, even if it is to the collections email, that they called and what is said.

[sillygirl1]

Cooldude, that is why I recommend getting another bank account and paying them from the old one, that way they cannot go in and 'appropriate' your funds. Certain of these companies (Wonga in particular) have a history of doing this and nobody seems able to stop them.

[sillygirl1]

I agree with Jamie, you can also complain to the OFT about this, because using multiple DCAs to collect the same debt is frowned upon.

 

What are the agencies involved?