2 x Payday Loans...kind request for help and advise please

[discodaddy1]

 

due to the sudden loss of being laid off from work- totally unexpected

 

have 2 payday loans that i need some advise with please

 

1 x payday uk---

 

1 x lending stream-

 

have read posts on this great site on how to tackle this problem as now money is tight and need to offer a replayment plan for both...would like to do both over 12 months.

 

Can i ask if anyone would advise on letter/email wording to send to both please.

 

have changed bank etc.

 

many thanks for any assistance offered

Edited June 1, 2011 by discodaddy1

[ihateyes]

paydayuk will advise you have to default+1day before they will arrange anything.

lendingstream are generally ok.

 

Personally, i would make 1 call advising of situation and offering a payment plan. This worked for me with L/stream.

 

AFter that only make contact via email. (most of these companies ignore emails).

 

Pay by standing order. dont give any details whatsoever of your new bank account.

[discodaddy1]

many thanks..any link to a suitble email or letter i can put together for these please...as of course now can only ay back the actual loan amount and not all the interest charges on top..thanks

[discodaddy1]

sorry to bump this..but can anyone assist with letter template/email to send thanks

[ihateyes]

tbh....

 

Ring both companies....only once.

Lendingstream agreed on first phone call. dont bother rnging PDUK until 1day after you default. any agreement you make over the phone needs to be backed up by an email confirming payment plan. both companies were prompt in doing this....

 

I think emailling them is daft as most particulary lstream wont reply..

[discodaddy1]

ok thanks for the above...would prefer to do by letter also...if anyone can advise

[ihateyes]

your wasting ink and a stamp, and not many people would advise that....

too time consuming as well.

[silly with money]

I would telephone payday UK and the lending stream as they are two of my seven payday loan companies i owe money to, they both agreed to a repayment plan on my first phone call to each, so its worth a try.

[discodaddy1]

thanks for your reply...could u send me a pm...on how many months they accepted for etc if u wouldnt mind...

 

thanks

[silly with money]

Sorry i don't know how to do personal messages. PDUK payment plan for the next three months as £50pcm. LS which i had two loans with £20pcm for each loan, to be reviewed after four months. These two lenders where the easiest to deal with. Of the 7 payday loans i have i am only in arrangements with four of them.