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My Payday Loan Story


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Hello,

I have been reading all your payday stories for a while now and finally registered.

I thought I would share my story.

 

It all began in early 2010, needed some extra cash and thought getting a payday loan was a good idea. I paid that back and got another one and before I knew it I had ten payday loans.

 

I was working full time and realised I could not pay these loans back and just paying the interest was using up all my wages.

 

Unfortunately a few months later I was made redundant and found myself in a lot of trouble.

I started claiming job seekers allowance which is not very much.

 

I then did the most silliest thing ever and ignored the debt foolishly thinking it would just go away.

 

3 months later I got a permanent job and decided to conatct all of the people I owed money too.

 

I have agreements with all my payday loan lenders and will be cleared of this debt by Dec 2012.

 

My payday loans are:

 

Capital Finance One

Minicredit

Quick Quid

1 Month Loan

24 7 Moneybox

Payday Express

Payday UK

Fancyapayday

Safe Loans

Payday Overdraft

 

By far the worst ones are minicredit and payday overdraft.

 

My advice is if you want to get out of this payday loan hell you WILL have to default.

 

You must open a new bank account to have your wages paid in.

 

If you use your old bank account, trust me they will try and take your money, believe me I know!

 

Pay everything by DD and standing order - Do not give them your card details.

 

I am turning 30 this week and can finally see light at the end of the tunnel.

 

I can not express the relief I am now feeling knowing that everything is being paid off.

 

Just wanted to share my story and give hope to you guys that you can get out of this hell.

 

If you have any questions or worries, I will be happy to answer them.

 

Amelia

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Only one argument on your story Amelia-Jade you

should NEVER EVER pay these loans by DD always

by Standing order DDs can and be and often are

abused by these loan companies we have seen people

left penniless by misuse off DDs:madgrin:

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

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Only one argument on your story Amelia-Jade you

should NEVER EVER pay these loans by DD always

by Standing order DDs can and be and often are

abused by these loan companies we have seen people

left penniless by misuse off DDs:madgrin:

 

 

The only DD I have is with QQ and I have never had a problem.

 

I do understand your comment though.

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Many of the companies will insist that they

are unable to accept payment by SO, the only

reason for this ''policy'' is they cannot manipulate

a standing order, given that they want paying the

will after a fight accept the SO.

 

Brig.

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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Many of the companies will insist that they

are unable to accept payment by SO, the only

reason for this ''policy'' is they cannot manipulate

a standing order, given that they want paying the

will after a fight accept the SO.

 

Brig.

 

Yes I know, I really had to stay strong and stand my ground. The majority want your debit card details and we know what happens

when you give your card details out.

 

When I changed my bank, I applied for a cash card account which meant I would not have a debit card but can have direct debits.

 

It works pretty well for me.

 

When I go shopping, I just draw out some cash.

 

Also for 30 mins once a month to go the bank and transfer the monies to all my payday lenders, its worth it.

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Congratulation!!! you are doing everything right and

will soon be free and clear.

Brig.

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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hi everyone i just wanted some advice i stupidly took out payday loans coz had car fault also christmas being here, i owe 4 wonga, payday uk, cash genie , wad , i cant afford to pay them all this i only work part time and support my family yes i know its my owe fault but its done now i just waited to know how i go bout setting up repayments and what i do first ! if anyone has any advice i will be grateful thanks

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  • 2 weeks later...

Hi Ameila - I am at the early stages of trying to resolve mine, I have 13 lenders of which many are the same as yours.How did you get on with each of yours in terms of getting a realistic repayment agreement in place? It seems that the ones that have offered me a unmanageable repayment offer are scaring me by insisting interest and charges will continue to be applied if I dont accept the offer.

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  • 1 month later...

Not to mention Payday Overdraft, surely ??? Sorry I really stuggled with this thread! Above poster - try CFO's trade association, COMPLAIN AND REPORT

Happy to share my experience but for your own protection, please check and double check what myself and other Caggers inform

...

“Nothing in this world can take the place of persistence.”

 

:-)

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Hi Amelia I was wondering how you dealth with the dreaded capital finance one as I could use some advice. They are the only ones who will not agree any form of repayment plan with me.

 

Not to mention Payday Overdraft, surely ??? Sorry I really stuggled with this thread! Above poster - try CFO's trade association, COMPLAIN AND REPORT

 

Strange. I was only thinking of both these companies this morning.

 

Both these want reporting and NOW. CFO for their debt collection practice (MT Collect) and Mr Hart or his employeesfor their total beliggerent attitude

If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

Please help CAG. Order this ebook. Now available on Amazon. Please click HERE

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did you get a repayment arrangement for Minicredit?! They have been horrendous for me. I'm trying to get a settlement sorted as we speak. Congrats on going a step in the right direction!! I hope that by the end of 2012 I can be almost debt free too :)

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Best thing we can do is stop feeding this thread... the OP hasn't been here in sometime

That was the point I tried to make earlier - some of the more recent threads will be better

Don't get me wrong, I'm just really dead curious how someone allegedly gets 12 months plus of plans setup with all and some of the worst known offenders.... nor do I honestly know of many that give 'a break' without any repercusions - we're not being feed a whole story here

Nor do I seriously see anyone's bank willing to 'put payments through' not in the day and age of internet banking which is why this thread doesn't do anything for me just makes really cruel lenders look nice at first glance

Unless OP is to end up with a mountain of unexpected charges in December which may well happen... they might be back then...

My only advice to anyone would be to prepare to complain, report and if you don't receive emails - send letters recorded delivery and keep of the phone

Edited by asmilecostsnothing
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Happy to share my experience but for your own protection, please check and double check what myself and other Caggers inform

...

“Nothing in this world can take the place of persistence.”

 

:-)

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