Big help required

[GerardJared]

OK, basically in a mess with payday loans.

 

I get paid just over a grand a month after tax and my rent and total bills are £700 (excluding payday loans)

 

I currently owe-

 

Payday Express £300

Quick Quid £812.50

Wage Day Advance £323.75

Wonga £514.37

Mr Lender £375

 

I've not defaulted on any of these loans yet, however I have defaulted with Quick Quid and Wonga in the past...arranged a repayment program, paid them off, but stupidly got into another loan with them.

 

Ideally I want to pay them all £50 a month (so total £250), with interest frozen, until they are all back to £0.

 

Can I arrange a repayment program if I haven't defaulted yet?

I don't want to default because they will send letters to my parents house (I don't live there any more but am still listed at that address) as basically my parents will disown me after what happened last time (getting into this kind of debt) so it's crucial they don't find out. I could tell the companies my new address, but my bank etc isn't listed to it and not sure if it would look dodgy, especially as I'm trying to organise a repayment program.

 

Just a mess really.

[indebt00]

send them a letter or email explaining you need to go into a repayment plan etc wda, wonga and quickquid hardly send out letters well they didnt to me. But payday express do usually. Ive got email addresses for most of the lenders i will post them later once i finish work xx

[GerardJared]

Thank you very much, that would be much appreciated

[indebt00]

email addresses are as follows-

 

--wonga- [email protected]

[email protected]

 

WDA- joel.isherwood@wagedayadvance

 

quickquid- [email protected]

 

paydayexpress- [email protected]

[indebt00]

im sorry dont know mr lenders email address. You can maybe ask everything to be in email??? Goodluck xx

[GerardJared]

I have emailed them. Here is an example of what I sent to one of them, so any advice is much appreciated. Dear Sir/Madam I am currently due to repay you £300.00 on 27/10/11 however I am not going to be able to make that payment as I have lost my job this week due to the economic downturn. I have every intention of clearing the debt, however I'd like to possibly come up with some kind of repayment program with you as that's the only way I'm going to be able to pay you and my other creditors without having to go down the IVA route. I can afford around £30 a month at the moment, so I'd be looking to arrange a program of £30 a month over 10 months, but we can look to review it in 3-6 months if my work situation changes. Could I please request that all correspondance is kept to email at this email address. Kind Regards One more thing, for the WDA email you listed, is it .co.uk at the end?

[GerardJared]

Apologies, it appears that it won't leave the gaps in when I post a message now for some reason.

[indebt00]

hiya, thats fine. Sorry yes it is co.uk x

[indebt00]

where youve said can you keep everyting in email etc you can maybe keep that sentence at the end and in capitals x

[GerardJared]

Got this reply from Wonga, not sure what to do... Hi there, We really do appreciate your current difficulties, and the offer you have made, however, we were looking for something a little higher. The size and number of payments you have suggested doesn't really work to help get you out of debt in a reasonable timeframe. Please either, call our friendly collections team on 0844 842 9110, who will be happy to discuss a more suitable arrangement or email back with a higher suggestion for a monthly repayment. The team are here between 9am -6pm Monday- Friday so please pick up the phone because we really are here to help. Alternatively you can reply to this email with your revised offer and we will get in touch ASAP. Kind regards, Kind Regards,

[GerardJared]

I offered them about £34 a month over 15 months and said I'd review after 3 months, so didn't think my offer was that poor to be fair.

[asmilecostsnothing]

Stick to your guns, I had a similiar stale-mate with Payday UK but they did back down after a couple of weeks and I got 12 months agreed - Wonga strike me as as one of the bigger companies like PDUK if you get me.Hate to say it but I think it helps massively providing your income and expenditure in these situations

[indebt00]

what you can do is send the email/ letter again and explain this is all you can afford for the time being, and also state in capitals that you will review after 3 months x they will agree at the end

[thorntondog]

if I were you, I would simply cancel my debit card and pay a small amount to each lender by standing order only

 

. Even if they keep refusing to set up a repayment plan continue to pay a small amount.

 

I refused to send any of them an income and expenditure form as it is not a legal requirement, Just try and politley negotiate and they will keep refusing -pay your offer any way. Then you will have proof of taking responsibility for your debt. Even if it was a pound a month. A small payment is better than none.

 

Dont stress yourself trying to negogiate just keep paying what you can afford, they cant refuse your payment , they can only refuse your offer, but ignore them and pay anyway.