8 payday loans help with payment plan

[soursally]

hi everyone

just want to say first gkad came across this website, makes me feel better not the only one, i have 6 payday loans

 

wageday £600

quickquid £650

mini credit £170

tower capital £175

wonga £950

payday express £200

 

did have one with cash genie paid that off this month,

work full time basic wage, just started new part time job to to help pay with bills.

need advice how to go about asking for payment plans, rolled them over again this month, but that it now no more, been doin it for 2years

 

thankyou

[ims21]

Hi there

 

First thing I would do is work out a detailed budget taking into account ALL of your essential outgoings to find out what you have left.

 

Then you can pay them from whatever is left over on perhaps a pro-rata basis or a minimum amount to each.

 

They will probably kick up stink about it but these are not priority debts and if any of them decided to get stroppy you will have an excellent defence that you have worked out a detailed budget, you are paying what you can afford and have even taken out a second job to help you clear your commitments.

 

You wil write to each of them telling them what they are going to get...don't let them control you. You need to take control so you feel less stressed and more confident in what you are doing.

 

Getting a second job for a while is far better than keep rolling these things on

 

Hope this helps.

 

ims

[Cait116]

Hi soursally

 

Don't forget to change your bank account hun otherwise they will raid it. You say you rolled them over again this month, so that should give you a bit of time to set up a new account and move your priority direct debits over. BTW When is your default day? Once you do that then email them with your offers, make sure you leave enough money to pay your priorities plus normal living expenses - food etc (don't forget about emergencies as well). Once you have sorted out what you can really afford to pay then email them with something like this:

 

I cannot now afford to agreed monthly payments because GIVE YOUR REASON HERE Also, the interest on payday loans has made it impossible for me to now pay off lump sums on a monthly basis. I only have a monthly sum of £xx left for my creditors. I am willing to pay the original loan of £xxplus one month's interest. The offers I have made have been worked out on a pro−rata basis.

In view of my circumstances, please would you agree to temporarily accept a reduced offer of £xx per month. If charges are being added to the account I would be grateful if you would freeze these so that all payments made will reduce what I owe you.

Thank you for your assistance. I look forward to hearing from you as soon as possible.

Good Luck soursally keep us posted x

 

 

 

[ims21]

Hi there

 

Good advice from glo about the bank account....you don't want them sneaking in and raiding your account.

 

ims

[MARTIN3030]

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[soursally]

hi guys,

 

thankyou for your help, set up standing orders with wonga, wageday, tower capital, payed mini credit off woho, quickquid have set up payment plan but want my bank details or said i can pay with paypal you think this is safe? cash genie said can pay £20 a month till they come up with payment plan but once again they want bank details, but on cash genies website they have their bank details you think it safe to use them to set up standing order. payday express asked for bank statements and wageslips which i sent off, they just keep ringing work and hanging up and sending the same email.

 

cheers guys for everything love this site helped so much just three to go now

[quackquack]

hi guys,

 

thankyou for your help, set up standing orders with wonga, wageday, tower capital, payed mini credit off woho, quickquid have set up payment plan but want my bank details or said i can pay with paypal you think this is safe? cash genie said can pay £20 a month till they come up with payment plan but once again they want bank details, but on cash genies website they have their bank details you think it safe to use them to set up standing order. payday express asked for bank statements and wageslips which i sent off, they just keep ringing work and hanging up and sending the same email.

 

cheers guys for everything love this site helped so much just three to go now

if i can do it anyone can ,i dealt with quick quid etc and now all sorted so good luck ul be just fine Edited September 23, 2011 by quackquack
quick quid and the rest of them dealt with