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Defaulted payday loans not showing on my credit file **


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Hello all,

 

I fell into the stupid payday loan trap last year after getting stranded abroad by the ashcloud while skint (excuses, excuses...). I was eventually using them to the point where my wages were swallowed up and I needed to take out new loans.

 

Anyway, I cancelled my debit card and defaulted two of them in September last year; namely, £500 to Payday Express and £75 to Quickquid.

 

Now I am trying to sort out my finances, which obviously means clearing these outstanding amounts. However, none of them has appeared on my credit file. I can't afford to pay in one go so would need to set up a payment plan. But I am worried that once I get in touch with them again, they will simply add defaults to my credit file.

 

I have other debts which are affecting my credit file, so I feel it makes more sense to deal with those more pertinently. But what should I do with these payday loan defaults in the meantime; contact them to show I am committed to paying them off, or just staying quiet for the moment in the hope they won't put defaults on my file?

 

Thanks for your help guys.

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Yes contact them but only in writing, are they pressing for payment.?

You need to do an I&E sheet for your self.

Taking in all priority debts

Living exs's

Travel

Contingencies

 

Set this against your income and see what your disposable income is

and base a repayment on this.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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They will try to fight the repayment, but it's your money and you must control it not them.

A court will nor order yo to pay more than you can afford.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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