payday bye bye?

[executed_inapt]

Hi i have two payday loans one with pduk and wda.

is there any way to get an arrangement set up to actually pay the balance,they must of earnt a lot from me just paying the interest alone,surely thats it! is there anyway for this to be done?

Appreciate a response.Thanks

[sillygirl1]

Email them your proposals, pointing out the length of time you have been rolling the loan over, they may ask for Income and expenditure details but they are not entitled to anything more than the basic

 

Income

Expenditure

Amount left for particular debt

 

Keep everything in email and then if they get stupid and try court you have a trail to include as evidence they just wanted to rack up charges.

[executed_inapt]

thanks silly girl,i sent an email this morning,i was nice,but this was my reply

 

You have paid the interest per month to defer the account. You cannot expect to put the loan off each month for free. Also, you were perfectly aware of these facts when you borrowed the money. The WagedayAdvance is exactly that – a short term loan supposed to be borrowed for up to a month and if you choose to use it as a long term loan then it is your choice – If you could not afford the loan then you should not have borrowed the money.

Secondly for us to even consider a reduced payment you will need to send in a completed income and expenditure form (attached to this email) within 5 working days.

If you do not do this then your account will be processed as per your Terms & Conditions. We will call you if you fail comply with reasonable requests. You borrowed the money and it is your responsibility to repay it.

[ihateyes]

What did your email to them say???

Seems they have been about annoyed in the answer.

I recently set up a repayment plan, done it by phone and got confirmation by email

I had no problems with WDA, infact very helpful, didnt even ask for income/expenditure.

[executed_inapt]

Said i think ive paid enough in interest and propsed reduced payments to clear balance,nothing even bad! Think he got griffy when i said i wasnt doing an expenditure income etc

[ihateyes]

OK..... you need to tell them your financial circumstances have changed, and thats why you need to go on repayment plan.

 

I think you got the answer you did, as your gripe is the amount of interest! which is alot....

 

Take another angle, and ring them. then they will confirm by email;.

[tomtom013]

thanks silly girl,i sent an email this morning,i was nice,but this was my reply

 

You have paid the interest per month to defer the account. You cannot expect to put the loan off each month for free. Also, you were perfectly aware of these facts when you borrowed the money. The WagedayAdvance is exactly that – a short term loan supposed to be borrowed for up to a month and if you choose to use it as a long term loan then it is your choice IF IT IS TRULY A SHORT TERM LOAN THEN WHY GIVE THE OPTION TO ROLE OVER (HYPOCRITE)– If you could not afford the loan then you should not have borrowed the money. OBVIOUSLY BUT SHOULD THEY BE LENDING MONEY TO PEOPLE WHO CAN'T REALLY AFFORD TO PAY IT BACK (HYPOCRITE).

 

 

Secondly for us to even consider a reduced payment you will need to send in a completed income and expenditure form (attached to this email) within 5 working days.

 

 

If you do not do this then your account will be processed as per your Terms & Conditions. We will call you if you fail comply with reasonable requests. You borrowed the money and it is your responsibility to repay it. ARE YOU REFUSING TO REPAY

 

Unnecassary aggression if you ask me. I would draw up a payment that you can afford and stick with it (ie, 3, , 9 or 12 months). If they don't like it then tough titties. Send this by email and phone them if you wish, if they call best to answer or call back but don't ingnore. Tell them while you are prepared to pay the orignal loan + 1 months interest you refuse to pay anything else other than that. At the end of the day you are not refusing to pay, you are justt doing so within your means.

[themadcap]

I would work out the amount with the 1 month interest and email them with your monthly proposal, remember when you work it out to be sure that you can afford the plan otherwise you will end up back to square one, if they want income expenditure just say you earn x and pay out y they dont need to know every individual payment you make,they know what you earn anyway as you will have put it on your initial application.The fact that you continually roll it over shows they have lent more than you can afford, and they claim to be "responsible lenders".

Let us know how you get on

Said i think ive paid enough in interest and propsed reduced payments to clear balance,nothing even bad! Think he got griffy when i said i wasnt doing an expenditure income etc