Problems with payday loans **

[silly with money]

Hi,

The information that i have gained from this site has been invaluable. I have seven payday loans in total, i defaulted on six at the end of april and another at the end of may.

So far i have set up repayment plans with four as listed below:

Wonga- amount £950.00- 10 monthly repayments

Lending stream £200.00 monthly payments of £40.00

Payday UK £175.00 monthly repayments of £50.00

Safeloans £360.00 monthly repayments of £90.00 (yet this has been agreed in email i received a default notice yesterday, they said that it is required by law is this usual?)

I owe about £600.00 to payday express, they will not entertain a payment plan with interest and charges frozen as i don't fit their required criteria, any ideas interest continues to accur.

I owe wage day advance about £350.00, only defaulted yesterday, i did set an email prior to default although i got no response will email them today.

I owe Quickquid about £1250, initially they agreed a six month re-payment plan, but keep changing the goalposts and are now offering a three month repayment plan which i just cannot afford, they also telephone me several times a day but i am unable to answer my mobile when in work. I interested in how people have managed to arrange a full and final settlement and how they have gone about this and if anyone has any other ideas.

 

Thanks

[Jamie Kingston]

wow, its a lot of lenders. Have you cancelled your card and stopped direct debits?

[silly with money]

Hi,

Yes card stopped and bank account closed, new account opened and wages transfered. The companies that i have agreed payments with have all been paid via faster payments

[Doubled123]

Wage day advance r one of my lenders and they set up a payment plan with a £36 charge but that's it everything else frozen. I managed to get a 6month plan on a £360 loan. They should be ok

[silly with money]

Thanks, did you supply WDA with an I&E form and bank statements?

[Doubled123]

No I didn't send over any of my personal info, if it was requested I wouldn't even think about givin them that anyway. From my experience and a whole lot I've read on here I think it's when you start offering over 6month plans with WDA start with all this i/e cr@p.

[ihateyes]

call WDA only once, explain your circumstances....

if they ask for an I+E send 1, only show the amount you earn, and the aount you pay out, dont lit individual creditors!!

 

PAYDAY express - no one seems to match their criteria.

They are part of the Money Shop.

[silly with money]

Thanks for your replies, how does anyone ever get it sorted with payday express if they refuse any kind of repayment plan?

[Jamie Kingston]

wait it out until they do, they will have no choice and are not one of the lenders that go down the route of court.

[ihateyes]

i put the money aside each month, and when i had the balance, i called and paid.... they advised charges, i laughed, and told them they can either sing for their charges, or take me to court......

The agreed account was closed

[silly with money]

Hi,

Just an update, out of my seven payday loans i had made arrangements with four, i am in email correspondence with WDA and hope to shortly come to an arrangement with them soon. Payday express agreed an arrangement of £100 a month with me with interest and charges frozen but i am still waiting for written communication from them until i make a payment and them there is quickquid who are forever changing there minds. Last week i agreed a repayment schedule over 8 months on the telephone, i got a call today saying will you set up a repayment schedule, i said i have one arranged over eight months. They said the best we can do is five months, they then changed there minds to six months. They acknowledged that they had notes saying that they had agreed to eight months but their customer service rep said that i should not have been told that and had been mis-informed by what i was told. QQ change there minds daily and i am unable to keep up with them. Yet it seems from this forum its par for the course.

[silly with money]

Further telephone call off quick quid today, they are now offering a repayment plan over 3 or 4 months which i just cannot afford. Has anyone been successful in reaching and completing a repayment plan with these jokers for anything over 3 months. They seem to agree one thing then change there minds, i am feeling so frustrated by them its unreal. I have thankfully managed to reach repayment arrangements with the other 6 companies.

[indebt00]

quick quid are always changing there mind thats what they did to me and then passed my account to gothia (debt collectors). Just give them u accept the 8 month payment plan which had confirmed (do you have this in writing?) and pay that x

[indebt00]

sorry about my english!!!! Just tell them u accept the 8 month repayment plan which tthey had earliar confirmed and just pay that. Youre best keeping everything in writing via email or letters x

[indebt00]

btw how did u manage to get a repayment plan with payday express as they are hard to deal with???

[silly with money]

Hi

With regards to payday express for just over a month they wouldn't consider a repayment plan, kept saying that i didn't fit there criteria & did i want to defer, to which my response was always no, i want a repayment plan with interest and charges frozen. I emailed them every few days requesting they set up a repayment plan, after a couple of emails they stopped replying to me. Then last week i received a call from then from the debt management department of payday express. I said at the beginning of the conversation that i was only able to come to an arrangement if interest & charges where frozen. They said that from that point they where and asked me how much i could afford each month. I told them & they confirmed that the debt would be cleared in 7 months. I did ask for confirmation in writing which they agreed to & said that would take about a week. As i hadn't recieved that yet, i telephoned them today, they said it has been sent but if still not received by friday call them & they will send a copy. I am due to make my first payment on the 30 June, so won't be making any payments until i've got the agreement in writing.

[silly with money]

With regard to making payments to QQ i am unable to do this as they won't supply any banking details. I have emailed them again today detailing my dissatisfaction and frustration. I have now decided i have had enough & will not be speaking to them on the phone, i'll answer the phone but refuse to answer there security question and just correspond via email.