Can't pay back my PAYDAY Loan, help???

[MadonnaFan]

Hi Everyone

 

I have been struggling over the last couple of months with money, as my partner got made redundant....

 

So what a stupid thing to do, we decided to take out a payday loan through PoundsTillPayday a couple of months ago, well this is the third month and it has come to the point where we cannot afford to pay them back on the 30th November as the money will not be in the bank...

 

What do we do? Do we cancel the Direct Debit? Will I occur any charges? I am worried sick over it and do not know what to do....

 

Any response will be helpful?

 

Thanks in advance

[mightyroyals]

cancel the direct debit to avoid any charges from your bank but you would need to keep checking your bank though as they will probably try and set it up again,

 

Someone with more knowledge will be along soon to give you some better advice

[MadonnaFan]

Thank You for the advice

[postggj]

Pounds Till Payday Will Hastle You For A Few Weeks And Pass It On To A Dca Called Clarity

They Dont Default You And Clarity Will Set Up A Payment Arrangement

 

Important

 

Cancel Your Bank Cards, Ask Your Bank To Put A Stop On The Cards And Issue New Ones.

If Not They Will Still Debit The Cards By A Continuous Credit Mandate

 

They Just Want There Pound Of Flesh And You Will Get There

 

This Is From Personal Experience

[MadonnaFan]

Ok so if I do this, they only have my mobile number on file, so if i ignore the phone calls on my mobile, will it still be past on to Clarity?

 

Thanks for the advice

[robjam1969]

Hi madonna fan

 

Postggj is right wait for Clarity. Just totally ignore PTP as they will try to harass you into paying and are known to be very unpleasant.

 

You have broken the cycle of loan and reloan - good luck.

[MadonnaFan]

Thank you for the advice

 

If I totally ignore them and it gets passed onto Clarity, do Clarity inform me by letter, email??

 

Thanks

[t03spd8]

Clarity will write you a letter and will be much more professional in their handling of this.

 

The biggest advice here is to cancel your debit card and your direct debit. If they have your debit card number they will milk your bank account for every penny you have. It is then almost impossible to get the money back - in fact you probably wont.

 

Please don't panic - it is an understandably difficult situation to be in but PTP won't care - Clarity will be much easier to deal with.

 

Take care and try to stay calm.

[MadonnaFan]

Thank you

 

I will do that soon, thank you all

 

Anymore advice will help, so I know what i am getting myself in for lol

 

Thanks

[JMW69]

HI THERE

I DEFAULTED WITH PTP LAST MONTH. THEY ADD ON£59 INITIALLY-THEY WOULDN'T ANSWER MY EMAILS TELLING THEM MY SITUATION. THE ADVICE IS NOT TO DEAL BY PHONE AT ALL BUT I CONTACTED THEM AFTER A FEW CALLS AND DISCUSSED MY CASE AND BEREAVEMENT ETC WITH SOME ONE CALLED ELDRIDA? I THINK. ANYWAY THEY COULDN.T ACCEPT ANYTHING BUT FULL PAYMENT- THEY HOLD ONTO THE ACCOUNT INHOUSE THEN PAss IT ON - IM ASSUMING ITS TO CLARITY SO I WILL HEAR IN DEC SOMETIME - WAS INITIALLY WORRIED BUT AFTER THE CALL I FEEL MUCH LESS STRESSED AFTER READING SOME HORROR STORIES - IT DEPENDS WHO YOU SPEAK TO. GOOD LUCK AND HANG IN THERE.

[MadonnaFan]

Thank you for the advice

 

I am feeling a bit more better about it, I have cancelled my card and re-ordered a new one....

 

Going to cancel my direct debit on Monday

 

Thanks

[MadonnaFan]

Can anyone tell me when can I should cancel my direct debit, the payment is due on the 30th....??

 

I don't want to do it any earlier than the 25th as they might get onto my back earlier.

 

Thanks

[JMW69]

USUALLY YOY CAN'T CANCEL A DIRECT DEBIT IF ITS PAYABLE IN 2 DAYS SO i WOULD SAY TO CANCEL IT ON ABOUT 25TH- I DIDN'T GET HASSLED TILL AFTER IT WAS DUE TO BE PAID- i JUST GOT EMAULS TO SET IT BACK UP. GOOD LUCK.

[MadonnaFan]

Thank you all for your help

 

I will keep this post updated

 

Thanks

[sillygirl1]

If you can set up a separate account to have your salary paid into that would be a good idea, some of these companies have a habit of 'dipping' into your account when they think fit to see if you have funds paid in. They go for amounts like £1 or £3 and sometimes £10.

[MadonnaFan]

If you can set up a separate account to have your salary paid into that would be a good idea, some of these companies have a habit of 'dipping' into your account when they think fit to see if you have funds paid in. They go for amounts like £1 or £3 and sometimes £10.

 

They can't dip into my account as I have reported my debit card lost and its been cancelled, also cancelled the direct debit on the account.... I can't set up another current account as I have bad credit rating and I like banking with the bank I have had for the last 10 years. Do they have a right to dip into your account when you haven't authorised them to do this, no that is fraud and yes I am sure they can get done for this...

 

Thanks for the advice...

[paydayloan addict]

When you sign up I am sure they have some sort of clause which in basic terms means they can take the money how they see fit. Just beware, even though your card is cancelled sometimes they can get round this and leave you short. What i havedo is set up a savings account with my bank so i can transfer everything into that and then just dip in when i need some. Its a hassle but it means i keep the money not them

[MadonnaFan]

Cancelled Direct debit today, also cancelled my debit card as well. Just wandering are PTPD allowed to re-set the direct debit up without my permission?

 

The bank said I can cancel this on my side, but they can set this back up if I have previously agreed to this, is this true??

 

Thanks in advance

[paydayloan addict]

I belive so, you will just have to keep checking your account and deleting.

[MadonnaFan]

When you sign up I am sure they have some sort of clause which in basic terms means they can take the money how they see fit. Just beware, even though your card is cancelled sometimes they can get round this and leave you short. What i havedo is set up a savings account with my bank so i can transfer everything into that and then just dip in when i need some. Its a hassle but it means i keep the money not them

 

 

I can't see how they can get money from your account when I have cancelled my sirect debit and my bank card....How???

 

I have a savings account, but it's a online banking one is this ok?

 

Thanks

[MadonnaFan]

Calls started today, apperantly because I cancelled my direct debit it has been passed onto an account manager, she rang today asking why i cancelled the DD and also when am I going to pay, because they don't do rollover's...I said I sent a email explaining I have been made redundant (with no redundancy pay as only been there 1 year) and can't afford to pay it back, well that was it she started giving me the stuff, like you signed the contract etc...

 

She said she is going to call back in a week's time, do I answer the call as they only have my mobile phone number and nothing else...If I ignore the calls will they pass it onto the collections department as previously said by a few people on here

 

Thanks in advance

[marley2009]

ignore all the calls, it will eventually be passed on, i am going thru the same things at the moment and so are hundreds of others your not alone hunnie, just keep making sure they dont reset up the direct debit, change your number on the website give a fake one, it might hold them off for a while, but do not speak to them.

 

everyone on here is very helpful, i couldnt of done it without their help and we will all help you.

 

keep going hunnie your doing well so far.

[MadonnaFan]

Brillaint, thank you for the advice

 

Donna

[MadonnaFan]

OMG!!!!!!!!!!

 

I have just checked my account and to my superise they have added £155 on top of the outstanding loan! No way I know it was going to happen, but I aint even defaulted on the loan yet lol

 

Is this right??

[robjam1969]

Hi Donna

 

They normally charge £59 after you default so your figure is a little odd. Nothing changes though, wait for Clarity to contact you and then only negotiate a settlement/monthly figure you are happy with.