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Hello,

 

I had a topic on here few weeks back asking for help but I asked a admin to remove it because a family member was looking around this website and i didn't want them to notice what trouble i was in, but since then i have came out to them and explained my situation.

 

Anyway i have 6 payday loans and 1 credit card will list below.

 

Original loan for - £450 with Quick Quid - Default = £699 i have told them I’m willing to pay back £562.50 and £112.50 interest but nothing back yet.

 

Original loan for - £200 with Payday Express - Default = £315 i have told them I’m willing to pay back £250.00 and £50.00 interest i need send P45 to show unemployment.

 

Original loan for - £71 with Wonga - Default = £140.58 i have told them I’m willing to pay back £100.64 and £29.64 interest but nothing back yet.

 

Original loan for - £100 with Safeloans - Default = Unsure but i have told them I’m willing to pay back £126.83 and £26.83 interest i need send P45 to show unemployment.

 

Original loan for - £100 with ToothFairy - Default = Unsure but i have told them I’m willing to pay back £126.83 and £26.83 interest i need send P45 to show unemployment.

 

Original loan for - £80 with 24.7 Money - Default = £224 i have told them I’m willing to pay back £100 and £20 interest but nothing back yet.

 

Credit Card – Capital One - £148.93 - £48.93 over my limit which was £100. I haven’t contacted these yet so any advice would be great.

 

Problem is i'm claiming JSA which is £103.70 every 2weeks i have offered them all £10 a month repayment and stating i will only pay them by standing order and will only pay the amounts back which i stated and no further interest but i did say once i get back into full employment i will pay the remaining balance off.

 

I understand it's not much £10 a month with the amounts i owe but it's all i could afford i have stretched out my budget!

 

So my main point for posting this is does anyone have any further information which would be useful for me so they have to accept my payments? I'm worried over the 247Moneybox the most because it's sky rocketed up so much in such a small period of time.

 

Would also like to know how safe i am sending copy of my P45?

 

Thank you sorry for the long boring read.

 

Also forgot to add my overdraft on my bank account was £4400 and is now in -£4425.83 any advise on this would be great i have been thinking of booking appointment with my bank manager to discuss this and maybe they could loan me the overdraft clear it and then i can make monthly payments to it seems easily to clear the debt i thought but i don't think i shouldn't book this till i gain employment?

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The biggest problem here is the overdraft as far as I can see as your benefit payments will be swallowed up by interest and charges if you pay the money into that particular bank. In my opinion, it is always wise to make sure that YOU are in charge of your money and not your bank. Therefore it may be wise to open a BASIC BANK ACCOUNT with another bank before entering into negotiation as such an approach will alert them to the problem and they are rarely sympathetic.

 

As for another loan that will simply increase the debt.

 

My view is follow the above and offer them all token payments of say £5.00 per month. (If you need assistance your local CAB will help

Edited by Crocdoc
Spelling error (never bean wun oh mi bestest subjecks)
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Yeah i have already did that i moved too TSB which gave me their classic account which was a surprise i thought i would of got a very basic account but i have all the same features i had with my natwest one.

 

Thanks i been thinking of visiting my local CAB but i'm a little worried too at the moment but i think first thing Monday i'm going to book an appointment.

 

Thank you

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Hello,

 

I offered the £10 a month each to my 6 payday loans, but they keep emailing me saying it is not acceptable etc but i keep stating my case towards them. I haven't spoke to the bank or my credit card company yet.

 

I get £207.80 a month in benefits and still looking for active work.

 

I am keeping to a tight budget and making sure i don't spend what i haven't got so i think it's going ok.

 

Thank you

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Anthony they will fuss and fight but your circumstances are genuine and you must stay firm. I think that you have been generous out of a very small budget and take my hat off to the amount you have put forward and i wish you well in all of this and hope they all see sense x

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Well i worked out a fair budget and thought i can just keep scraping myself through until i get back into full employment then i can up the payments and start contacting the bank to try make arrangements with them they are only people i'm most worried at.

 

Thank you

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  • 3 weeks later...

Hello It's me again, I have an issue and want to know if any1 can deal with it...

 

I received a email from - NDR - NDR - Greg Campbell [[email protected]]

 

Saying my Toothfairy loan has been passed onto them and if i don't make a £540 repayment within 5days they will send out debt collectors to the house...

 

Could anyone help me out is this just to scare me or is it real?

 

Thanks

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it s a scare tactic. Call them or email them and make them an offer. They cannot and will not send out debt collectors to your house as this is illegal unless they have a court order which i'm sure they dont. It s a baseless threat but nonetheless you should make contact with them and start paying them off.

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Thanks for reply.

 

I am trying to pay them i have told them how much i should offer and people have said i'm offering more than i should (£10) month my local cab said i should offer (£1).

 

But they just don't seem to want to work it out with me i think i need to lay it on thicker.

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Hi ant. a token payment in dire financial crisis can be £1. As long as you keep your ground there is no court in the land that would not acknowledge that that is simply all that you can afford. Dont be fazed by the bully boy tactics of these companies.

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i appreciate everyones comments by my general stance is £1.00 per month is a joke that doesnt really help with in sorting the situation out. by the time you get even close to paying the debt off you could be dead. Realistically you should offer a fair amount and pay it off so that within a few years at an absolute maximum your debt would be clear - again, its your choice and only my personal opinion.

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Hello,

 

I got a letter today from NDR. On the envelope of the letter they is a big sticker saying "NORTHERN DEBT RECOVERY URGENT ATTENTION REQUIRED". They allowed to do this? Anyway it's the same as my email i received word for word etc only problem is my mum read it and got a little upset thing they going to break into house etc. Also my sister said it was posted in the letter box by hand not a post man and also on the stamp on the envelope it's not stamped by the post office. They allowed to do this aswell?

 

Thanks.

 

I'm ringing them in the morning to sort it out and telling them i do not live at that address no more and to stop harassing it.

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Ant, they need to go to court before they can send anyone round as they threat but a judge would see that you are unable to repay this debt and order a payment of 1 pound or 10 pounds if this is all that you can afford. Unfortunately there is not alot you can do about the envelope....scutters that they are some people have even had letters sent to neighbours. Its awful that your parents have seen this however now that its out in the open at least you can talk positively about how your going to work through this.

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Ant, good luck tom with phone call. If you manage to come to an agreement and i hope you do get them to email you confirmation. Ive found my emails very useful as one of mine tried to send me to DC whilst on an agreement with them. Let us know how you get on tom

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Legally anyone you owe money to can instruct a debt collector to recover their debt.

 

Please remember these are just debt collectors not Baliffs, all they can do is knock on your door and ask you to pay, they can not remove goods. It is just another scheme to bump up your debt (they can pass on a fee to you for instructing them).

 

Tell the debt collector you have made an appointment with a debt management company (refuse to give details) they know they will not be able to collect anything from you, dont be bullied or believe their threats of court action.

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Hi,

 

Whatever you do - DON'T CALL THEM...they will agree a deal with you...take your card details and empty your account leaving you with no money for food!

 

Email them - offer them what you can afford - and should they take you to court I suspect the Judge would take a dim view on them trying to keep you in debt without allowing you to repay the loan...

 

But make sure all correspondance is written and and also never give them your bank details...you stay in charge.

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Written is always better - we all know these companies are not easy to deal with on the phone and they can say whatever they feel like to scare you or bully you into agreeing something...

 

this is why you should always insist the all communication is wrtitten - then if you need it at a later stage you have it all in writing...if you talk on the phone how you ever going to prove what was said...there are countless examples of phone call verbal agreements being 'forgotten'...

 

noone achieved anything by phone with these people...trust me, PLEASE......

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