Depressed and worried over payday loan hell -

[ivansmagic.]

I am currently dealing with WDA - I have already paid them £700 in roll overs for a £400 loan and the £400 is still outstanding plus £100 interest meaning, if paid today £1200 would be paid for borrowing £400 !!!!!

 

I have gone down the route of questioning their claim to be responsilbe lenders and that allowing a client to roll over on 7 occaasions is not responsible lending nor making their original a short term loan. I have stated to them that rolling over on 7 occasions would suggest their client does not have the ability to repay the original amount borrowed and therefore they have not been responsible in allowing it to happen. I asked them to consider using some of the £700 already paid to be offset against the original capital.

 

I though they would blow it out of the water but have acknowledged my email and said they would get back to me but in the meantime to complete their I&E and supply the most recent months bank statements.

 

I will not complete their I&E form but have supplied them with bulk figures of income, expenditure and disposable income. I will not send them my bank statement.

 

I have advised them of this stating that they did not request this information or bank statement when I originally borrowed from them so I will not supply it when trying to repay them.

 

I await their response. I have however, stated my wish to come to a "mutually agreeable repayment plan which I can afford" in all my communication with them and requested their bank destail in order that I can commence repayments.

 

They are not quick to respond but I am not yet in default with them.

 

Everyone has their own opinion of sending I&E details, but if you have nothing to hide it will probably help your case and show your willingness to negotiate with them. NO BANK STATEMENTS THOUGH !!!!

 

Hope this helps.

[freeofdebt]

Hi everyone I just want to update you on my progress after contacting QuickQuid, WageDayAdvance, Swift Sterling and Mr.Lender regarding repayment plans.

 

Quickquid - Sent an email to them 5 days before defaulting and a support ticket was opened. After playing email ping pong with them I managed to secure an eight month repayment plan with them to my surprise! I have already made my first payment so seven to go there.

WageDayAdvance - Sent an email to them 5 days before defaulting, the day after was sent an income and expenditure form to fill out which I did to the best of my ability. They also wanted last months banks statement, to my reluctance I sent them it also to show I am hiding nothing. After doing this they have agreed to a ten month repayment plan

Mr.Lender - Sent an email to them 5 days before defaulting same as the rest asking for no phone calls whatsoever.I received no replay until the day the loan was due when I received 3 calls that morning! I bit the bullet and decided to call the person back who left the message. I told them my situation and being honest the person I dealt with was first class and really understanding. They called back later that evening with a repayment plan after I made a token payment. I now have a six month repayment plan in place with them

Swift Sterling - Sent an email to them 5 days before defaulting same as the rest asking for no phone calls whatsoever. I have heard absolutly nothing back from them even though I send them an email everyday. I think they will be probably be charging the world's interest on my loan now and I dread to think what I owe them or should I say what they think I owe them. They are a disgrace in comparison to the other companies in my opinion as they have shown no effort on their part to meet a resolution in my matter. I tell them everyday by email I will make a payment according to the repayment plan I state but no reply??? can anyone advise what else to do with them to try and come to a resolution??

 

I just want to thank everyone for the advice I have received up to now it was not that long ago I was in a very bad place thanks to my stupidity with payday loans but I fell a massive weight is now off my shoulders. I am far from clearing them but this time next year they will all be gone. I now have repayment plans setup with Quickquid, Cheque Centre, Wonga, Txtloan, WageDayAdvance and Mr.Lender. Swift Sterling is the last one to overcome. I'll keep you updated keep fighting everyone.

[quackquack]

amazing re quick quid maybe now after so many complaints they are helping people and thats fab to hear and to get a 7 month payment plan is great ..well done ur now on ur way to being debt free keep it up xxxxx:lol:

[freeofdebt]

Hi,

Please can anyone advise, I have successfully agreed repayment plans with a number of Payday companies now thankfully but I still have Lending Stream, Payday Express and PayDay UK to deal with. Can anyone please advise how difficult these companies are to deal with? do they add on extoriante charges? like other payday companies I am planning only to communicate with them via email. I am terrifed they will contact me at work. Any advice greatly appreciated. These are very tough times for me I can't believe I got myself into this mess.

Thank you

[quackquack]

hello its illegal for them to contact u at work and report them asap if that occurs and to aid u quicker type in your loan company above to read threads to help u xxxxx:-D:whoo:

[fernal]

I found these 3 easy to deal with. PDUK and lending stream agreed straight. PDEX wanted a I&E form so they got

income = *******

outgoings =*******

money spare = what i offered

all three added no extras only what was owed and one month interest. I found that PDEX did phone my place of work to ask for me but did not disclose anything to my employer.

You should be fine as long as what you offer is resonable. As with all PDL companys contact them first request in writting only and keep in touch, then they have no need to contact employer.

 

Fernal

[freeofdebt]

Hi,

Stupidly I got myself into a mess with payday loans, I am glad to say I am well on the way to getting out of this mess. I am now determined to sort out my debts and improve my credit which I will do. However there is one payday loan company who have registered a default against me each month since April (I have only noticed it this week after signing up with Noodle for a credit report). This is one debt outstanding to them which I will have paid in full early next year. I understand this is against the law in that there should be one default maximum against one debt, is this correct? Can anyone please give me some advice on how to get these multiple defaults removed?do I contact the payday loan company directly?what other body can I contact?

Thank you

[Stopthethieves]

Do you mean a Default or a default marker?

 

If it registering an 8 or D in the month column then it doesn't matter, what matters is the actual date of default, is that correct???

[freeofdebt]

That is correct after checking the date of default is 15/01/2012. Since April a D is listed under each month, can I take it then what matters is the default date 15/01/2012? I don't understand why they continualy mark each month from April with a D marker. I defaulted in January as stated surely this should be the only D marker present. Thank you for your feedback

[BRIGADIER2JCS]

This is being reported correctly, the original default date will not change the ''D'' markers will continue until the default is remedied, if you not remedy the default they can report the on going exisiting default.

[bigshoes...bigsocks]

The account is in default so could/can be marked as such every month.

[freeofdebt]

Thankfully I can see light at the end of the tunnel with my payday loan nightmare, it really has been a difficult time. At one stage I had 14 payday loans but in a few months they will all be gone. I plan to tell my story and perhaps give advice on getting out of the payday trap maybe sometime in the future. Anyway I bank with HSBC, can anyone please advise what is the best way to get them to cancel CPA on all 14 payday loan companies I dealt with. I just want ease of mind in case one of them decides to dip into my bank account sometime in the future.None have my present card details.

[renegadeimp]

Read the sticky, then form a letter and list all 14 lenders. Make sure to note their related merchants too.

 

You might also want to look into a letter of appropriation.

[mindy1]

Can I ask how you are repaying your debt to QQ. I only ask because Im trying to set a plan up with them but have so far been unsuccessful. I asked for their bank details but they have said they don't have a bank. They said they only accept payment by debit card, which I am not prepared to give them. I default on my loan with MR Lender on Friday. Im going to send an email and letter offering a repayment plan. Im only prepared to pay it into their bank as well. Im not paying by card. How did you make payment to them?

[renegadeimp]

Please dont necro threads. http://www.consumeractiongroup.co.uk/forum/showthread.php?390779-QuickQuid-Bank-Details-are-confirmed!!