Help!!!

[Blondie22]

Have been browsing this for a while and decided to join.

 

I am in a bit of a rut with payday loans.....

 

Wonga - £350

 

WDA - £200

 

Pay Day UK - £200

 

24/7 Money Box - £170

 

and racking up every day!!

 

I also have a portected trust deed which means I cant go into any kind of plan. I am also scared if my trust deed finds out it will get cancelled.

 

I was getting one loan to pay off another and now I dont know what to do!! I have tried several times to offer payment to Wonga and they are threatening to take me to court, they are saying if i do not provide proof that i cant pay the whole amount .

 

This is from Wonga:

 

.ExternalClass p.ecxMsoNormal, .ExternalClass li.ecxMsoNormal, .ExternalClass div.ecxMsoNormal{margin-bottom:.0001pt;font-size:11.0pt;font-family:'Calibri','sans-serif';}.ExternalClass .ecxMsoChpDefault{font-size:10.0pt;}@page Section1{size:612.0pt 792.0pt;}.ExternalClass div.ecxSection1{page:Section1;}When you applied for a loan with us, you chose your own terms by selecting both the amount that you borrowed and the period that you wished to borrow for. In doing so you entered into a formal agreement with us and implied in making the contract that you had both the means and the intention to repay the loan as well as any fees and interest that had accrued, on the date of your choice.

Our decision to lend to you was made on the basis of this contractual commitment from you. Should you have deliberately entered into a contract with us where you have no intention or no means to complete it, we are at liberty to consider your actions a deliberate attempt to deceive us and to treat the matter as fraud.

Where you can demonstrate (with tangible proof) that, between the point of you borrowing and the point that you contacted a debt management or similar company, that you have suffered a material change in your financial circumstances which you have not negligently brought upon yourself, then we may consider an offer submitted such a company.

We currently require you to repay your loan in full. Should you choose not to repay us and where we do not receive proof of a change in your financial circumstances, we may consider that you have obtained credit from us by deception and will treat your conduct as criminal.

As such we will have no obligation to treat the monies due to us as a debt rightfully borne from a credit agreement but as a potential loss caused by fraud.

We will pursue this matter, by whichever means that we see prudent, that is to say as a civil matter or by reference to the police, until we are content that our interest are protected.

Please note that we cannot agree to any payment arrangement without the first installment.

 

 

All advice welsome!!

 

Thanks

[robjam1969]

Hi Blondie

 

Good of Wonga as usual. Last time I looked courts decided what was a crime and not them.

 

I am assuming your card has been cancelled and your funds are safe. PDUK & WDA are easy to deal with, just make a small/affordable monthly payment offer subject to them freezing all interests and charges.

 

Wonga are more difficult and they eventually farm out to all sorts of dca's. They do on occasions reach agreement on a monthly figure. Yet to see a Wonga debt in court and not such a bad thing if they tried it.

 

I must admit to knowinh nothing about 24/7 but assume the same rules apply.

 

Good luck, don't let them bully you

 

if they can't access your cash they will have to negotiate.

[rebel11]

hi blondie

 

These companies haven't got a grip of the fact that times are tough for folk. As long as you communicate with these companies they shouldn't hassle you. Follow robjam sound advice. Keep calm about the situation.

[Blondie22]

Hi Robjam1969!

 

Thanks for the advice! Wonga are totally unreasonable... just the same old rubbish!! threatening to take you to court when infact you know they wont due to the fact that they will lose!

 

I am in the middle of negotiating with WDA, will contact PDUK tomorrow.

 

24/7 moneybox has been on the phone today, I offered them £40 per month and they would not accept!1 They want to be paid weekly can they do this??

 

Yes, I had my card stopped and the end of last month so none of them could start taking cash left right and centre.

 

I dont suppose anyone knows anything about proteced trust deeds?:? I am currenxty on one and am kind of dubious about telling my insolvency practitioner that I am in more debt. I was considering going to payplan to sort out the PDL's .

 

Many Thanks,

 

Blondie

Edited June 16, 2010 by Blondie22
Name

[Blondie22]

hi blondie

 

These companies haven't got a grip of the fact that times are tough for folk. As long as you communicate with these companies they shouldn't hassle you. Follow robjam sound advice. Keep calm about the situation.

 

 

You are right, they must be rolling in it due to most people desperate for cash at the moment,Payday loans should be banned!!

[rebel11]

Hi Blondie

 

There are some links at the bottom of the page

 

Protected trust deed - Wikipedia, the free encyclopedia

 

Are you working at the moment?

I'm not sure you would qualify because I don't know your particular circumstances,

but I throw it out there just incase.

http://www.direct.gov.uk/en/moneytaxandbenefits/benefitstaxcreditsandothersupport/on_a_low_income/dg_10018856

 

Blondie with 24/7, just tell them that if you get paid monthly, then they will get monthly.

Edited June 16, 2010 by rebel11

[Jamie Kingston]

Hi and welcome to CAG,

 

i would still try and contact WONGA to get into a pay plan with them. some have been successful in doing this. From what i know about 24/7 money box they are really awful - kind of like cash genie if you know anything about them - very hard to deal with - i would stick to keeping things in writing with them so you can come to a plan and pay them directly.

 

good luck.

[Blondie22]

Thanks Jamie,

 

I will try and call Wonga this afternoon. As for 24/7 moneybox.. I will give them another call and see what they say. Is there any templates I can use if they still do not agree to pay it off monthly?

[dawny36]

When you applied for a loan with us, you chose your own terms by selecting both the amount that you borrowed and the period that you wished to borrow for. In doing so you entered into a formal agreement with us and implied in making the contract that you had both the means and the intention to repay the loan as well as any fees and interest that had accrued, on the date of your choice.

 

Our decision to lend to you was made on the basis of this contractual commitment from you. Should you have deliberately entered into a contract with us where you have no intention or no means to complete it, we are at liberty to consider your actions a deliberate attempt to deceive us and to treat the matter as fraud.

 

Where you can demonstrate (with tangible proof) that, between the point of you borrowing and the point that you contacted a debt management or similar company, that you have suffered a material change in your financial circumstances which you have not negligently brought upon yourself, then we may consider an offer submitted such a company.

 

We currently require you to repay your loan in full. Should you choose not to repay us and where we do not receive proof of a change in your financial circumstances, we may consider that you have obtained credit from us by deception and will treat your conduct as criminal.

 

As such we will have no obligation to treat the monies due to us as a debt rightfully borne from a credit agreement but as a potential loss caused by fraud.

 

We will pursue this matter, by whichever means that we see prudent, that is to say as a civil matter or by reference to the police, until we are content that our interest are protected.

Please note that we cannot agree to any payment arrangement without the first installment.

 

The bits i ve highlighted cracked me up!!!. I cannot belive they can get away with writing this sort of crap. Dont worry Blondie they are just trying to frighten you so much you find the money. Offer what you can afford, get it in writing from them that they agree. If they dont agree then you are in a stalemate and it is then their move which will probably be to put it in the hands of a debt collector who also arnt a scarey as they sound.

 

Just make sure you stay on here so we can advise you on what to do next.

 

[Blondie22]

Hi Dawny36

 

I know!! I could not belive it when I read the message... I am going to call them tonight and say that I am willing to spread the repayment over 6 months at around £65 per month.

 

Then I need to get in touch with the rest of my ceditors and sort something out. Getting sick of worrying about it all...

[dawny36]

Well try not to worry. Can you afford the £65.00 ?

[sillygirl1]

Send Wonga's effusion to Trading Standards and the OFT, it is very much against OFT guidelines to write in that manner.

 

Really this company are one of the worst, however if the new government's Economic Crime Unit will live up to expectations their interest rates will be outlawed.

[Blondie22]

Well try not to worry. Can you afford the £65.00 ?

 

Not too sure, I will have to sit and work my cash out. See what I can afford to pay out.

[Blondie22]

Send Wonga's effusion to Trading Standards and the OFT, it is very much against OFT guidelines to write in that manner.

 

Really this company are one of the worst, however if the new government's Economic Crime Unit will live up to expectations their interest rates will be outlawed.

 

Thanks. But what would happen if I done that? In an ideal world, all payday loan companies should be banned!

[dawny36]

Not too sure, I will have to sit and work my cash out. See what I can afford to pay out.

 

Make sure you can afford it , and dont make it a stretch otherwise you will then default on this agreement which will be worse. Work out your budget and only pay what you have left after all priorites are taken care of. You can always run it by us if need be.

[rebel11]

No cap on payday loan interest rates, says OFT - Telegraph

 

OFT green light for 2,000% payday loans | This is Money

 

We can thank the Labour Government for all this rubbish.

 

Send Wonga's effusion to Trading Standards and the OFT, it is very much against OFT guidelines to write in that manner.

 

Really this company are one of the worst, however if the new government's Economic Crime Unit will live up to expectations their interest rates will be outlawed.

[Jamie Kingston]

i am sure there are if you look around on the site...

[Jamie Kingston]

Thanks Jamie,

 

I will try and call Wonga this afternoon. As for 24/7 moneybox.. I will give them another call and see what they say. Is there any templates I can use if they still do not agree to pay it off monthly?

 

i am sure there are if you look around on the site...

[Blondie22]

Just thought I would keep you updated:

 

Have tried about a million times to get through to Wonga collections.... Sooo frustrating!

 

Also got in touch with 24/7 money box... they are not budging on the weekly payment thing!! Does anyone have any more advice on what i can do about these clowns???

 

 

WDA - payment plan starting on friday - Interest frozen ;-)

 

PDUK - Payment plan starting on Friday - interest frozen

[robjam1969]

Hi blondie

 

Good progress:) 24/7 basically don't get paid until they agree to a reasonable payment plan. Keep a copy of all your correspondence.

 

You invariably have to play the long game with wonga- lots of tales on this forum

Keep going

[skyblue2027]

send wonga a letter by recorded delivery with your offer and keep a copy. at least then you will have proof of delivery should you need it at a later date.

 

Wonga will eventually pass your detail onto Gothis or some other DCA. Stay persistant blondie, you will get there!

[Blondie22]

Hi blondie

 

Good progress:) 24/7 basically don't get paid until they agree to a reasonable payment plan. Keep a copy of all your correspondence.

 

You invariably have to play the long game with wonga- lots of tales on this forum

Keep going

 

Thanks will do!! Should I send them a letter. If so what kind???

 

Also is there any way I can get them to stop calling me at the office???

[robjam1969]

Hi Blondie

 

I would just e-mail them rather than send letters. Just be firm with your offer. Explain you can afford no more and that other creditors have accepted your offers.

 

Difficult to stop them phoning in the short term as by the time you complain etc the damage/embarrassment has already been caused. There is a telephone harrassment letter in the template library if you want to try this.

 

I generally answer the phone to them and arrange to call them back a few minutes later in private.

[rebel11]

Hi Blondie,

 

These companies use these phone calls to harrass, you are actually communicating with them,

you could send them this:-

 

http://www.consumerforums.com/resources/templates-library/52-harassment/135--harassment-by-telephone-response-letter-