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CCCS DMP and Payday Loan pro-rata payments


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Hi there - just a quick question re: my CCCS DMP which starts this month. I've had several payday loans (from £250 to £1300) with various companies (inc. PTP, Wonga, PaydayUK) - just wondered why on my DMP the CCCS have entered £1 as the 'monthly contractual payment' and a £5 payment as part of the plan. This seems a really small amount --- does anyone have any idea why it is like this? I'll call them on Monday to clarify, but is this normal?? Most of my other payments to creditors are around 50-75% of what they were - i just can't see DCAs beginning to accept £5 offers....

 

CCCS have been absolutely superb - i'm just a bit confused by this!

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I am in a similar position i.e. setting up a DMP with the CCCS ... also need to include 3 payday loan debts with Wonga, PTP and QQ.

 

Not sure what to put as the contractual payment but would be good to see them only get a token payment per month ! lol

 

Good luck with the DMP.

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Thanks - i filled out the debt remedy then called with the payday loan details (i had PTP, Wonga, PDUK, QQ, WDA) - they then put £1 monthly contractual payment (which i don't understand - but will clarify Monday hopefully!). If you need any help dealing with any of them let me know - i've already had experience of QQ and PTP!

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Yes thanks and advice on QQ and PTP would be great - I have yet to default on these as they are not due until the end of January....just need to transfer my wages into another account and close my Natwest account before the end of the month.

 

How did you get on with Wonga, I have only notified them via email so far that they wont be getting paid on 8th January 2010?!!

 

Thanks.

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No response from Wonga yet to my Notification of DMP or re: the CCCS proposal. I'm due to default on Monday....

 

I've already moved banks to the Co-op (who are fantastic).

 

Re: PTP and QuickQuid - I was firm from the very first phone call by sending them both e-mails advising I'd only communicate in writing (post or e-mail). After some to-ing and fro-ing and arguing whether telephone was electronic communication or not (QQ insisted it was - when it isn't) - they're now just e-mailing me. With PTP you get passed to an account manager -- and mine has been ok - left me alone once I'd faxed her the CCCS details, and QuickQuid have just issued me a default e-mail asking for payment in 15 days, otherwise they will treat it as refusal to pay. I will respond again in the week reiterating my intent to pay via the DMP etc....

 

Good luck --- lets support each other!!

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Thanks. Will be interesting to see how Wonga react !

 

I've actually given them 2 options: 1. either I include them in my DMP with the CCCS or 2. setup a repayment plan outside the CCCS DMP that would be to their benefit as they would receive more. If they dont get back to me next week then they will get option 1 ! :D

 

At the end of the day I am willing to pay the debt and want to get rid of the payday loans asap and before my other unsecured debt where negotiated payments have already been agreed.

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HI guys, im in the same position with PTP, QQ and Wonga. Defaulting the end of the month. Well scared, will they call your employer? anyone no?

 

Benzani, please let me no how u get on wid wonga.

 

Cheers :Cry:

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No Problem, I have emailed them again today re repayment plan but dont expect them to respond until my loan goes into default on 8th January 2010...and when it does I will contest any charges they apply as they have not responded to all the emails I have sent.

 

This video makes some interesting points about capping interest at 60 days from the Wonga founder - Errol Damelin, Wonga | Smarta

 

They have no right to contact your employer and cannot get an attachment of earnings until it has gone to court and where you have not kept up with agreed repayments, so I wouldnt really worry about that....if they start ringing you a lot send the telephone harrassment letter and tell them you want everything in writing.

 

At the end of the day only pay them what you can realisticly afford and dont reloan as you will never get out of the cycle.

 

Will keep you updated with Wonga.

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  • 4 weeks later...
HI guys, im in the same position with PTP, QQ and Wonga. Defaulting the end of the month. Well scared, will they call your employer? anyone no?

 

Benzani, please let me no how u get on wid wonga.

 

Cheers :Cry:

 

Deadman

 

I defaulted with PTP at end of december. As far as calling your employer goes.....do you have your work number on list of contacts on your online account? Check and if you do change the number. I did, i changed it to a random number and it worked, i did the same for my home number. Never changed my mob as I just added this to my reject number list. It worked. I did get plagued with calls to my mobile (all rejected and straight to answerphone) but I never got a single call at home or work. Make sure you do this now, before you default because I couldn't access my account after I defaulted

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Good advice Claire...I did this several weeks ago anyway - changed my work number to a local chinese chippy ! ...only had 2 calls to my mobile so far.

 

I have no problem speaking to them and paying the money back so long as they get the message that they are not getting the money back in one lump ...so either they agree to 6 repayments of £100 or I wait until it goes to a DCA.

 

From what I have read they do not accept anything over a couple of months and will eventually pass to Clarity.

 

Think I might start ringing them everday and letting them know I am prepared to pay but on my terms!

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You are right benjani...they won't budge thats why it's better not to speak to them. In fact there are some people who have felt bullied and downright intimidated by them.

 

They ignore my offers of repayment so I ignore them. I keep sending them the offers...they keep telling me their collections dept can only deal with it by phone (it's easier to bully some people by phone)

 

I am waiting to passed to clarity and i will offer them repayment. I won't deal with this lot by phone

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  • 2 months later...

Hi chaps,

 

I notice it has been a few months now since your original action began. How has it gone so far? I am just about to enter in to a debt management plan which will (hopefully) be including QQ and Wonga.

 

The plan which the company I am using, has also stated a relatively low price of £13 for each of the payday loan companies, for a loan of £400 with each. I am expecting this to rise in the initial stages as they will try and take the repayments from my bank and apply a £10 charge when the card details get rejected.

 

If you could let me know how yours have been going so far, that would be great.

 

Thanks,

 

Trevelyon

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  • 3 weeks later...
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