help with payday loan

[happy_gal2004uk]

i got a payday loan for 250 and planned to pay it back but my hours at work have been cut back and my cat had to go to the vets which was 500. I couldnt pay so cancelled my debit card and sent them an email, i then got an email saying they wanted proof of my hours cut back, then i had 15 missed calls on my phone from someone else there and when i mentioned the email she said 'oh send that as well, anyway the only offer i can accept is this - at the moment you have to pay 60 interest, then if we split the payments it will be another 60 pounds intest then i will charge you £30 as a default charge. So thats 400. however if you pay 70 now i can let you pay 125 for the next two months and we'll call it quits."

 

now this still seems excessive and also as my hours have been but back i wont be able to afford 125 a month. I offered them 50 a month and she has refused that but when i cant pay my council tax next month i think that is more serious! i said this to her and she said it wasnt her p[roblem and where were this months wages and what had i done with them, i said i didnt want to discuss it and she starting ranting about why did i borrow money

 

 

Now my boss says they called work today, i have sent an email syaing i can pay £50 a month and no more but i dont want to talk to them on the phone as tey try and bully me into paying more

 

please help

[maroondevo52]

Hello and Welcome, happy_gal2004uk.

 

I'll move this thread to the Payday Loan's Forum, where hopefully you'll get some help.

 

Regards.

 

Scott.

[robjam1969]

Hi Happy Gal

 

Which company is it?

[happy_gal2004uk]

perfect payday

[robjam1969]

Firstly don't let them intimidate you. If your funds are safe they will have to negotiate. Worth bearing in mind that on occasions they do obtain money from cancelled cards. At best a new account is perfect security or in the short term don't leave too much money lying in your account.

 

Your offer seems reasonable and I would insist on acceptance in writing with interest frozen. Original loan plus one months interest more than fair in total.

 

As you say council tax rent much more important than this lot.

 

Don't let them bully you.

[happy_gal2004uk]

I emailed them saying that they werent to contact me at work only in writing and i would pay £50 a month

 

they said that they were allowed to contact me by 'any means neccessary as stated in their t&c's" they then text me saying they will continue to clalmy work until they get an answer - i feel this is threatening and intentionally trying to embarass me as they alos have my home and mobile numbers and arent calling them!

 

they then emailed saying they are going to review my original application and if there is one error then they will sue for 'gaiining a loan by deception'

 

 

i really dont know what to do,, no one at work will talk to me now as they are fed up with them calling

[shanticat]

I do sympathise with you...

am not sure what to do about the calls at work....but do look through the various threads etc as i believe there might be a template here you could use regarding telephone harrassment.

Stick to your guns and stand firm...

everything in writing and only what you can afford.

These people can make threats all they want, but know that that is all it is.....bullying threats.

 

Good luck and keep us updated

[Jamie Kingston]

i wouldnt waste my time with telephone harrasment letters they are not going to listen. Just keep calm and call them telling them you would like to make a payment of £50.00 today - PAY THEM DIRECT or give them a prepaid mastercard where you put £50.00 ONLY on the card that way they may think they can cheat you but will get no where as long as you are careful...

[dawny36]

I actually would send the letter. Why should Happy Gal be terrorised at work??? Send them the letter Happy Gal , make sure you send it recorded delivery. Make sure you keep proof of delivery and then if they continue tell them vocally and by letter that you will report them to the office of fair trading, financial ombusdman and anyone else you can think of (maybe local MP) and to the police (dont know if the police thing will work but worth a try:))

 

It angers me beyond beliefe when people are harrassed by these companies. Tell them its absolutley not acceptable. Take charge of the situation.

[sillygirl1]

Report them to Trading Standards via Consumer Direct for breaching the OFT Guidelines on debt collecting by phoning your employer - they are NOT allowed to do that at all.

 

Get your bank account changed if possible as they will keep going into your account and taking lots of small amounts until it is empty when you least need it.

[dawny36]

yeah do that Happy Gal because there is nothing worse than being embarrased at work and scared to answer the phone.

[Jamie Kingston]

I'm just saying its basiacally going to get you no where. Why waste your time and money on writing letters that they arent going to listen too?!

 

I know its awful trust me, i know - but i would just wait it out and continue to contact them telling them that all you can afford to pay right now is £X and thereafter £x every month until repaid. There is nothing more you can do to get them off your back.

[dawny36]

But Jamie, and please dont think i am being argumentative here, there are laws in place and comsumer laws that protect the consumer from this kind of harrasing behaviour. Unless you are used to dealing with these sorts of people it can be very intimidating and frightening. It takes no time at all to print and send the letters off thanks to the templates on here. But this is only advice like your giving and its Happy Gals choice. I just hate it when people are in fear of these companies as i have been through this and worse and i remember what a state it got me in.

[Jamie Kingston]

fair enough. my personel opinion is not fill my head with hopes that they'll stop because of a letter - i just dont want anyone to be shocked if it doesnt work...

[robjam1969]

I tend to agree with jamie to a certain extent. In the short term they will ignore the harrassment letter, however not a reason not to send it. Good ammo if it ever ends up in court.

 

There have though been a few examples of the harrassment letter working. At the very least they will know you are taking advice and won't be an easy target.