5 payday loans,please read **

[wayneg1]

Hi i have 5 payday loans

 

wonga £1391

payday express £500

quickquid £435

lending stream £487.50

payday uk £300

 

i have spoken to wonga via livechat and agreed 4x£300+payments with ALL interest/charges frozen

 

this is the email and i think she said i will receive a letter but am still at work,i want to pay them all off but the other 4 are charging £60-£80 a month to default whereas wonga arent!!

 

2questions really

 

has anybody else come to an agreement with wonga?

how should i play the other 4 ...am thinking it better to pay 1 of the others off in full? and default this month worry about the other 3 later;-/

 

if anyone has any advice that would be great?

 

 

 

 

Hi,

Your repayment details are as follows;

AmountDue Date£344.0805-Jul-10£344.0705-Aug-10£344.0705-Sep-10£344.0705-Oct-10

 

Please make the payments as agreed on the 30th of each month (so the 30th June 2010 , 30th July 2010 , 30th August 2010, 30th September 2010) to the bank details below;

HSBC

Wonga.com

Sort code: xxxxxx

Account number: xxxxxxxx

Ref: xxxxxxx

[wayneg1]

oh also i have 2 accounts with 1 a bank i have 2 x debit cards

 

my salary is paid into 1 of these accounts i usually transfer money online into the other account to withdraw cash make payments etc? only the 1st 4 digits are the same on both cards

 

will they raid my other account if they know who i bank with etc

 

*** am reading through all the other posts/threads with interest

 

alot of nice helpful people on here which is good to know:-)

[wayneg1]

she also said the interest will still be shown on my account during the 4 months but this will all be taken off when the final paymnent is made?...???

 

i dont know what to think?

[wayneg1]

anyone have any advice?

am thinking of paying wonga the installment and maybe 1 other off in full and leaving the other3 and making an offer

 

i dont want to pay £100 to extend it im not bothered about my credit rating either really

 

am more worried about phone calls to home/work than anything??

 

and if 2 different acc numbers/cards can be linked by them and clean it out? this will all be happening wed 30th june....;-0

[dawny36]

Wayne someone will be along soon. Try not to worry.

[dansnowdon]

Hi Wayne, i had a payment plan set up with these, aslong as you keep to your plan. The interest will still go up daily, so if you default on the loan then that amount will be due. good luck

[dawny36]

Wayne surely if you concentrate on one loan at a time the charges will got rhough the roof on the others and make them totally unmanageable? Is there anyway the other companies will hold on and freeze interest until you are in a position to pay them?

Edited June 28, 2010 by dawny36
spelling

[cornetgirl]

I agree with Dawny here - I'm going through it at the moment and it really is better not to favour one creditor over the others. You'll end up chasing your tail and getting in a bigger mess. Offer the other companies what you can reasonably afford on the condition that you have all additional interest and charges frozen.

[wayneg1]

Thanks for the advice ;-) so far i have a payment plan with Wonga and Quickquid were very helpful saying they cant do anything til you default on the loan? and even agreed to contact by email only...whats the catch???

 

 

just 3 others to go now

 

 

QQ Said they have sent the request to the bank already and takes3 days to change anything?? does this mean even if the funds arent there i can so into a negative balance?

 

i havent yet cancelled my debit card(have2 accounts with same bank 1 my salray goes into and the other has a cashpoint card so if i cancel i wont be able to get money out!!)

 

duno what to do

[Jamie Kingston]

What signs are there on the back and front of the card. I.e. Visa, Master, Switch, Solo or none? Cash Card? is there a signature strip at the back or is it plain?

[wayneg1]

both electron cards and identical

 

there is a signature strip and 2 different 3 digit numbers on back of both

 

think i have a pin number somewhere at home but doubt i can find it ive just never used that account til i recently moved my salary to it? and itd take weeks to get a new 1

 

 

thanks for all the advice and for reading;-)

[Jamie Kingston]

report both of them lost NOW!! Dont ignore the lenders, offer a repayment plan to everyone and be upfront and honest. Make sure they do not get hold of your details whatsoever. You need to pay them directly. PM me more information about the lenders and amounts, i'll help you with what to offer each one...

[Sienna88]

I agree with Jamie. Report your cards as lost immediately or (despite what they tell you over the phone!) they will take the full amount or whatever they can from your account.

 

Try to set up a new bank account to be extra careful. Even with a poor credit history I managed to get a 'cash card' account offered by Natwest and Barclays so I changed my wages into that account and then pay all the creditors out of my old account (I transfer just enough money to cover the payments) so there is no way they can get hold of my account details.

[wayneg1]

thankyou for the advice am going to do it now

[42man]

I would avoid sending a PM to another cagger who you know very little about, I suggest you make them an offer of whatever you can afford, either that or you contact the national debtline - National Debtline – Free, Confidential Debt Advice – Call 0808 808 4000

[cornetgirl]

I can vouch for Jamie - he's been very helpful to me - I agree caution is to be recommended but I've had no problems with him!

[Jamie Kingston]

I would avoid sending a PM to another cagger who you know very little about, I suggest you make them an offer of whatever you can afford, either that or you contact the national debtline - National Debtline – Free, Confidential Debt Advice – Call 0808 808 4000

 

I was only trying to help - thanks, i guess?

[NoMorePaydayLoans]

I see what 42man means, but there is nothing to be afraid of, as long u dont provide any private details, dont use the precise amount just change it with a couple of pounds etc.. and dont use any real names / account refs or numbers etc.. no problems in that, Jamie just trying to help! nice of him.

[cornetgirl]

Jamie's really helped me out this last week and does give some very good advice - all of us who've been in this boat are here to help you out so draw on our experience.

 

I don't know about Lending Stream but from my experience both Payday Express and PaydayUK are pretty ok to deal with and will agree a payment plan, although you may need to nag PDE to get a final agreement and bank details. They also respect your request not to phone. Be honest, explain that you've gotten yourself into a mess financially and are seeking debt advice and insist on standing order payments only.

 

I've found that by paying by SO and informing them when I've made the payment it keeps them sweet!

[wayneg1]

Thanks for all the advice its helped alot

 

wonga have agreed

quickquid might agree i just emailed them and the other 3 would ideally like to get agreements before 01/07 so i can start the repayments

 

will keep trying i guess

[cornetgirl]

Check your PMs Wayne!