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Hello all!

 

I currently have four payday loans with:

 

Wonga £500

Payday express £500

Quick Quid £320

Cash Genie £240

 

They are due to come out on the 28th-30th of September, 2010. My salary was reduced to £950 per month the week before last causing problems!

 

I emailed each company and sent them this letter as well as a I/E form:

 

 

 

**th September, 2010

 

 

Dear Sir/Madam,

 

 

I am writing with regards to the following account with your company:

 

 

Name: ************

 

Address: ************

 

Loan Amount: *********

 

Date Loan Taken: ********

 

Account number: ************

 

 

 

I am currently experiencing financial difficulties due to reduction in my working salary due to reduced working hours that I have been informed of earlier today.

 

I have attached a copy of my current financial statement showing my new total income and expenditure.

 

I please ask that you will accept this offer of £--- per month with an initial payment of £---on the 28th September 2010 and stop interest or other charges accruing in order that the payments will begin to reduce the debt and clear it within 5 months.

 

Please confirm your acceptance in writing (e-mail) and advise me how the payments should be made.

 

 

Thank you in anticipation.

 

 

Yours faithfully

 

***********

 

 

 

With Quick Quid I'm offering to clear within three months, the rest within 5 months.

 

No reply from Payday Express yet, Wonga just say we won't speak until you default, Quick Quid said you haven't defaulted email customer services I did and then they said I had defaulted and speak to collections (which I have, no reply). No reply from cash genie (yet). I am in the process of opening a basic bank account with Nationwide and going to speak to Natwest (my bank) about my card before the 28th.

 

If wonga/payday express don't reply should I simply set up a S/O for ~£100 for 5 months? I have their account details.

 

As for Quick Quid & Cash genie I don't know much about them?

 

:)

Income Expenditure.ZIP

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if the genie get hold of your card details they will take every penny from you leaving you high and dry - pay them directly. QQ will probably never accept and pass onto a debt collection agency who will. You've done everything correctly so far so have nothing to worry about. I would wait to pay them directly until they confirm that they have accepted, they should accept as your offer seems very resonable.

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NEVER send them an I&E Statement, they are not entitiled to the detailed information on the forms and their own biased forms are not acceptable either.

 

If you can put a bit aside whilst they are humming and haaing then do so and then you can offer the smallest one a one-off offer.

 

Get another bank account and have your salary paid into that, do NOT let them know about this account as it will be cleaned out.... write to your bank stating that all agreements for these companies to take money out via debit card OR bank details is recinded, that way if anyone does go in you have covered your back and can then get the money back from your bank....

 

DO NOT give out any iformation to these companies, they will misuse it and try to get your bank details. Attempts have been known to be made to payroll departments claiming outstanding money via an attachment of earnings... (I do payroll and have had a couple of companies call - told them I needed written proof from the courts first, only to be told "the system changed last month....."

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Well I got an email today from Mr Sillence Cash Genie accepting my repayment plan (the only one to have replied affirmative so far). We shall see....

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make sure you pay them directly, i cannot say it enough times about this lot.

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Yes they have given me their bank details today. I cancelled the QQ DD a few days ago and got an automated email today telling me to give them new DD details to stay in their good books lol.

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So far:

 

Cash Genie Have agreed a plan.

 

Payday express will not accept a plan without 6 months bank statements! When I said they had no legal right to demand this they said they would not accept any plans and collection actions would continue.

 

Wonga won't agree anything until default.

 

Quick quid keep sending out random automated responses.

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Hi i came to an agreement with payday express but without the need for bank statements. Keep firm, dont give into these boiler rats ! QQ will not accept anything less than a 3 month repayment plan so wait till it goes to DC and pray its not muckhall... but even if it is dont panic i can help you through that x

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You managed to get an email from QQ yet thats not an automated one? numptys!

im in the same boat as you.. I have my loans with QQ and Wonga and ive decided to default on them this thursday.. Hoping to set up a repayment plan with both but not holding my breath at the minute! let me know how you get on x

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hi , I read that you have the bank account details of Cash genie , could you pm me with them please

 

cheers

 

JFK

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Bank details:

Barclays Bank

Cash genie UK

Sort code: 20-00-00

Account number: 13022625

Please use postcode and surname as reference

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NN

Edited by Stupid1

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Cash Genie Update

 

I have received a court summons from the above today, also included in the particulars of the claim is a print out of this thread ... so they are watching!!!!!!!

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