Please help with Payday loans - Paying them all off

[MoneyHole]

I have admitted my gambling addiction to my parents this morning - They already had a feeling.

 

Anyway I have other channels to support my recovery from that, in the meantime they want to know about all my payday loans so they can get them cleared so I'm not carrying on with their huge interest etc.

 

Could anyone advise on the below - If any will charge less interest if paid off early etc (Some I already know):

 

Due 'today' (Getting a lot of hassle, I would appreciate your advice. My parents want a final figure so they can settle these in full ASAP but it will be a few days before they arrange the funds)

 

1monthloan : Original loan £300, due to make a £90 rollover payment today which declined, currently owe £390 plus they've already whacked on a £12 'late fee'

 

PaydayUK : Original loan £480, due to make a £120 rollover payment today which declined, currently owe £600 I think? All that shows up on the website is the rollover fee so I can't be 100% accurate on that.

 

Payday Express : Original loan £400, due to make a £100 rollover payment today which declined, currently owe £500. Think these 'try' for 7 days before getting nasty?

 

Speedy Dosh : Original loan £200, due to make a £62.50 rollover payment today which declined, currently owe £267.50. Got an email saying if they can't take payment a £125 fee will be stuck on after 3 days!!! So these could be fairly tricky customers to deal with?

 

QuickQuid : Original loan £850, due to make a £191.25 rollover payment today which declined, currently owe £1041.25

 

Not due 'today' (So a bit of breathing space)

 

Wonga : Original loan £1085, Already on a payment plan with these. £117.76 a month with 7 mionths left = £942.08. This is fine, as it is the original loan amount plus one month interest.

 

Toothfairy Finance : Original loan £400, rolled over 24/10/11, currently owe £544

 

Txtloan : Original loan £200, owe £234

 

Wage Day Advance : Original £150, rolled over 26/10/11, currently owe £194.25

 

Mini Credit : Original £150, rolled over 07/10/11, currently owe £198

 

The Loan Store : Original £500, rolled over 26/10/11, currently owe £625

 

Mr Lender : Original £300, rolled over 26/10/11, currently owe £390

 

Hope that is all of them, my parents want full and final figures to pay the lot of them off, so I would appreciate any advice on how to tackle them? For example can I just get in touch with them all and say I'm prepared to settle with them right now for the original loan plus one month interest?

 

Now I've admitted my addiction I can finally break out of the hole with these companies but I need advice fairly quickly on how to get them paid fair amounths. Also I need to pay them all without using any form of debit cards as they'll just be attacking them constantly, do all the above accept bank transfer?

[MoneyHole]

Will this short email be of any use?

 

I am looking to repay my loan in full the original amount plus 1 month interest please could you provide your bank details via email so I can arrange for this to happen within the next 14 days.

 

 

Thank you

[MoneyHole]

Sorted:

 

Payday UK

Payday Express

QuickQuid

TxtLoan

1MonthLoan

 

Looking to pay off Minicredit early - However I'm stuck! Phoned them up to be told they can't take a payment from my mums debit card over the phone and I then tried changing the card details online as suggested to my mums which didn't work either.

 

All I want for them to do is either take their payment over the phone using my mums debit card details or give me their bank details so she can do a transfer! There is no way I can transfer funds to my bank account as it'll be getting attacked!

[iaintw]

why dont u go to your bank branch and they pay in they need to have account numbers and sort codes.

thats the safety advice

their email address is [email protected]

Edited October 28, 2011 by iaintw
minicredit email address

[Jon1965]

Just to say, I am really pleased for you. Just the other thing to sort now. Well done

[MoneyHole]

I don't feel like I'm going to get very far with Minicredit, if I can't get the message through on phone e-mail won't be much easier?

 

All I want to do is pay them off! Surely they have to offer another way of payment other than debit card? Most of the other companies have gladly provided their bank transfer details.

 

The ones left to do next week...could anybody shed some light on if I will be able to save any interest by paying these 'early'?

 

Toothfairy Finance : Original loan £400, rolled over 24/10/11, currently owe £544

 

Wage Day Advance : Original £150, rolled over 26/10/11, currently owe £194.25

 

Mr Lender : Original £300, rolled over 26/10/11, currently owe £390 (I got a response back from these stating I owe them £390 no matter if I pay early so not looking likely?)

 

The Loan Store : Original £500, rolled over 26/10/11, currently owe £625. I got a response from these saying they can't offer an early payment figure but I can withdraw from the agreement within 14 days (I'm guessing they mean within 14 days of the 'new' loan issued on 26/10/11?) then I would just be paying them the original loan plus daily interest up to the date paid. Would appreciate some guidance on this.

[quackquack]

quick quid will only accept payment by dd or pay pal thats it .go on to there on line chat explain u want to pay them off soon and will they give u discount .they may or may not and cant ur parents transfer the exact monies over to ur account as and when u pay these rogues off .all the other loan companies have transfer details ie bank details to pay them off but beware as u pay each off individually dont pay all at once make sure that the exact amount ONLY is in ur bank account what they agree on as they may well take more than u agreed on just dont leave any spare cash in ur account and pay late afternoon as they are known to take first thing in the morning ..good luck and ul be free soon thanks to ur fab parents ps a big box of chocs to them eh and a massive hug:?:

[Bombaymix]

Massive well done to you for admitting your problems to your parents!

 

Will they be keeping a close eye on your finances from now on? These payday loan vultures will be sending you invitations galore once you pay them all off. Will be very easy to fall into the same trap once you've got a clean slate.

 

Be very careful with paying these off using your parents debit card. I'm not saying they will.. But some may agree a payment amount with you and then go on to take a LOT more from your parents debit cards. I'd be inclined to offer payments by standing order only (where possible) and postal orders for the ones who wont or can't accept standing orders.

 

With all that spare cash... Definitely a massive Christmas present is in order for your fantastic parents (coupled with a massive GENUINE promise that your gambling & payday loan days are over!!)

 

Regards

 

AB x