Payday Loan Debt help

[missmistake]

Hi

 

I have been reading through the forums on here and it is so good to know i am not alone. i have got mysel in a riight mess with payday loan companies. I have now decided I must try to do something as the worry is taking over my life and making me miserable. So i defaulted last week and have managed to set up a repayment plan with wonga who were really nice about it but spoke to pounds till payday today and they were really unhelpful - they state they do not accept payment plans so threaten to send my account to a collector who will send doorstep collectors. Will they do this? Can i prevent it? Also the rest have not replied to emails i sent, are they going to go to court?

Any advise would be much appreciated x

[ihateyes]

Poundstilpayday wont accept..... they will send it to a dca called Clarity who will agree a payment plan...

 

Remember cancel your bank cacrd and set u a new bank account if you havent already

[missmistake]

thanks for the help i have cancelled all my direct debits and cancelled my card. how long will they take to send to a dca? and are they any more helpful?

[ims21]

Hi missmistake.

 

Welcome to CAG.

 

May we ask the circumstances why your payments fell down? is it reduced income for some reason or did the loans just get on top of you?

 

What is the value of the loans you owe?

 

With the one(s) that say they don't accept payment plans, I would start paying them a token £1 per month. If they send it to a dca then thats up to them....it doesn't alter things from your point of view.

 

I wouldn't worry about the accounts going to a dca....they are toothless threat monkeys. They try to intimidate you and will tell you all kinds of nonsense to get you to make payments beyond that which you can afford. Ignore their threats.

 

If they do come to your home you can tell them to S*d Orf....they have no powers to enter your home or take stuff away and when you tell them to leave your property they must go. If they don't then they are committing Trespass and you can call the police to remove them. If you are threatened with a doorstep visit, there is a template letter in the library which you can send. Also you can keep one to give to anyone who calls on you.

 

Keep copies of all correspondence with everyone and the golden rule NEVER TALK TO DCAs ON THE PHONE. If they call you do not go through their security questions, just say to them to put everything in writing and hang up. There is also a template letter regarding telephone harassment in the library.

 

The thing to remember here is that you control your money...do not let the loan companies or the dcas take control.

 

The upshot of all this is if you make your token payments for as much as you can easily afford they would be stupid to go to court and the judge would not be best pleased with them in wasting his/her time. You will have the paper trail that you have tried to be reasonable and come to an arrangement, you have been making payments that you can afford and that they have acted unreasonably and unfairly.

 

Hope this helps

 

ims

[missmistake]

Hi thanks for your response. I took out a loan to pay for a car repir and kept rolling over and somehow it has spiralled from there. I now owe around £2000 in payday loans (and this is a lot more than my monthly income) . Really stupid I know but hoping to get back on track and regain control one day. It is very scary though because some companies are rude and very unhelpful.

[onlyateacher]

I defaulted with Pounds Till Payday 3 months ago. It took them 2 months to send my file to Clarity. I now have an instalment plan with them. My advice is to return phone calls to PTP. They are fine to deal with- just keep telling them what you can afford to pay. They did not contact my employer or hassle me- I think I had 4 phone calls in all from them. Good luck!

[missmistake]

Thanks well have answered their calls so will just have to wait and see with that one. Two companies i have not heard from are Payday UK and Quickquid:|. How are they at dealing with repayments.

 

Thanks to everyone for the help and support makes this process a bit less daunting.

[ims21]

Thanks well have answered their calls so will just have to wait and see with that one. Two companies i have not heard from are Payday UK and Quickquid:|. How are they at dealing with repayments.

 

Thanks to everyone for the help and support makes this process a bit less daunting.

 

Hi there

 

I wouldn't worry on "how are they at dealing with repayments", consumer debt is the lowest priority for you. The important things are rent/mortgage/utilities/council tax etc.

 

It is you who are about to take control of this situation....not them.

 

If I were you I would do myself a budget for your own reference to find out how much you can afford to repay these companies and then tell them that this is what they are going to get. (In writing of course....no more phone contact).

 

You can then pay them on line or via standing order (not direct debit or debit card).

 

ims

[missmistake]

Thanks for all the advise! I will try to hold strong and work my way through this mess. Been getting calls at work though is there any way to prevent this. Also the companies that have not responded, should i call them to make sure they receiving my emails?

Thanks again.

[ims21]

Hi

 

Calling you at work?.....That is a NO, NO. I can see an OFT complaint coming on.

 

You can write to them and tell them that they are in breach of regulations by calling you at work ad that if they do not stop immediately you will be reporting them.

 

Regarding the e-mails, you really shouldn't be calling them. Write to them snail mail. That way you have a paper trail in case it is ever needed. Things can be said on the phone that cannot be backed up.

 

ims

[Jamie Kingston]

i doubt it will stop them though... i'm just being practical.

[Erica11 - Swift]

Should you be experiencing difficulty paying back your loan or have any other queries or concerns regarding your loan, kindly contact our Pounds Till Payday Customer Relations department on [email protected].

[kate1975]

Hi

 

Calling you at work?.....That is a NO, NO. I can see an OFT complaint coming on.

 

You can write to them and tell them that they are in breach of regulations by calling you at work ad that if they do not stop immediately you will be reporting them.

 

Regarding the e-mails, you really shouldn't be calling them. Write to them snail mail. That way you have a paper trail in case it is ever needed. Things can be said on the phone that cannot be backed up.

 

ims

I to have had an absolute nightmare regarding PTPD ithey rang me and i told them i was in financial difficulty that i couldnt repay them all at once i got a loan of £280 because i missed the repayment date i have to pay back £422.59, they were not interested in what i had to say, then the following day when i went into work one of the ladys in the office came and handed me a piece of paper with PTPD phone number on it saying that they had left a message on the answering machine regarding my account being in arrears:mad2: was so humiliating, they then past my file on to CRS some DCA they were not interested in accepting a monthly payplan any advice would be greatful

[quackquack]

I to have had an absolute nightmare regarding PTPD ithey rang me and i told them i was in financial difficulty that i couldnt repay them all at once i got a loan of £280 because i missed the repayment date i have to pay back £422.59, they were not interested in what i had to say, then the following day when i went into work one of the ladys in the office came and handed me a piece of paper with PTPD phone number on it saying that they had left a message on the answering machine regarding my account being in arrears:mad2: was so humiliating, they then past my file on to CRS some DCA they were not interested in accepting a monthly payplan any advice would be greatful

 

Hi I have just had a 2 month payplan with ptpd they were good with me my account manager was stephen and I paid in bits and bobs by faster payment till I paid it off within 2 mnths ,I robbed peter to pay paul to pay one off first now the account is closed so they can do plans it depends who you talk too and quick quid the thick dumb arses who do not understand humans will cave in too just stick it out and cancel ur card and pay them with a pre paid debit card only

[sammie89]

I've got horrendous problems with Payday loans. I was an idiot to take more than one out to repay another and they spiralled out of control mainly due to illness in the family (been a horrible year, mother admitted to hospital) then I lost my debit card and the troubles stemmed from there. I have other debts too, but am considering bankruptcy, however I would rather try to pay these payday loans off if I can. I changed banks and have sent token payments of £5.00 each and begged them to give me a bit of time to sort myself out. Yet nobody will help me and I'm worried sick, with the stress of starting my Nursing next year, I don't know if I can take much more! You try to do the right thing and you get nowhere. Do these people accept monthly repayment plans as I don't see why they can't, Any help would be much appreciated, ta!

Plus one idiot did call me at work and got me really upset. Isn't that breaking the law?

[quackquack]

I've got horrendous problems with Payday loans. I was an idiot to take more than one out to repay another and they spiralled out of control mainly due to illness in the family (been a horrible year, mother admitted to hospital) then I lost my debit card and the troubles stemmed from there. I have other debts too, but am considering bankruptcy, however I would rather try to pay these payday loans off if I can. I changed banks and have sent token payments of £5.00 each and begged them to give me a bit of time to sort myself out. Yet nobody will help me and I'm worried sick, with the stress of starting my Nursing next year, I don't know if I can take much more! You try to do the right thing and you get nowhere. Do these people accept monthly repayment plans as I don't see why they can't, Any help would be much appreciated, ta!

Plus one idiot did call me at work and got me really upset. Isn't that breaking the law?

bless the people on here are excellent giving us all great advice they have helped me so much and just like you iv been living in limbo still am feel sick in my stomach cant function at work properly cant sleep because its on my mind night and day but if you feel like this too why dont you talk to a solicitor you can get free advice from one in your local directory and tell them whats happening with you and im sure they will give you the best advice possible as to wheather bankruptcy is your option or not ,personally i think you probably do not need too and you can with the right help pay off these debts and as they tell you on here dont speak on the phone to them just email but go and look in your local directory and phone a solicitor noe one that advertises free legal advice and good luck ul be fine xxxxxxxx Edited September 7, 2011 by quackquack
we need help but we made mistakes we can overcome in time