Quick Quid Help

[Amilindra]

Hiya

 

I have a payday loan with quick quid, and due to being off sick from work being pregnant I am unable to pay it back in one go.

 

I have reported my card as stolen and the bank have assured me no one will be able to take money from it using my old card number. I have also checked my Direct Debits and there isnt one set up with QQ. But I will continue to check this and cancel it if one does get set up.

 

I want to make sure they are not able to take random money from my account? Have I done enough to ensure this?

 

I am not trying to not pay them back I just want to pay them back in smaller amounts?

 

Can anyone help? (My loan hasnt defaulted yet its not due for another week)

 

Thanks

A

[Bombaymix]

I'm not sure if you have done enough to protect your money.

 

The general opinion here is to open a completely new bank account!! I've read recently that people have 'lost' their debit cards, had new cards and pdl companies have still managed to get in through the back door and rinse people's accounts.

 

The banks will fob you off after with 'you gave authorisation there's nothing we can do'

 

In my opinion, I'd immediately have your wages/income diverted into a brand new account. Plenty of basic accounts out there including co op, Halifax and post office.

 

Better to be safe than sorry!

 

Hope the pregnancy is going well xx

[Amilindra]

I would really rather not open another bank account if I didnt have too, as I really like Natwest and Its taken me a while to build up a good trust and credit rating with them. Is there anyway I can withdraw their authority to take any money from my bank account?

 

And the pregnancy is going well apart from bubba making me poorly lol

 

Thanks

[Bombaymix]

Hmmm, I'm not sure. Natwest have featured in a few posts recently.

 

What about a little break from natwest then? Do you have an overdraft with them?

 

(unrelated to payday loans) but both my mum and fiancée have had problems with natwest authorising payments when they were requested not to. Fiancée was stung with nearly £300 worth of charges for going a couple of quid overdrawn... Although, credit to branch manager (I think) they wrote off 75% off the charges. Still weren't happy with paying £70, again, if only I'd have found cag sooner lol.

 

Maybe a chat with branch manager?

 

Tell him in NO circumstances to authorise ANY payments to QQ!

 

I'm still a bit fearful that this might come back and bite you in the bum though.

 

Just keep checking and checking the account. (you have online banking?)

 

Sorry to worry you, just heard so many horror story's! Xx

[Amilindra]

My credit rating sucks big time at the minute I dont think getting a second account is ever gonna happen =/

 

I have a second account with Natwest which I can transfer any spare money I have into, I just cant set up Direct Debits on it. So maybe for the moment, only leave the money in my account needed to pay any bills I have coming out the next day... and other than that put all "spare" money into my other account?

 

xx

[BreakFree]

Halifax Easycash is very easy to get even if you have terrible credit. You can apply online for it as well.

[asmilecostsnothing]

Here is the bible for Halifax Easycash

 

http://www.halifax.co.uk/bankaccounts/pdf/easycash-guide.pdf

 

Acceptance Criteria:

Have had financial difficulties

in the past and been refused a

current account.

xx

[Amilindra]

I've just read throughally the terms and conditions of the quick quid loan.. and it says this..

 

"

DEBIT AUTHORISATION: You hereby voluntarily authorise us to debit your nominated bank or building society account ("your Bank Account") or Debit Card for any amount that is payable by you under this Loan Agreement, including the Loan Amount, Finance Charges and any other fees that you incur ("Debit Authority").

We will debit repayments on each Payment Date to your Bank Account or Direct Card in accordance with the Debit Authority given by you above. If a payment is dishonoured or otherwise missed for any reason, you agree to pay us the Late Fee, which we may collect by Direct Debit to Your Bank Account or debit to your Debit Card in accordance with your Payment Selection.

You authorise us to verify all of the information that you have provided, including past and/or current information. If there is any missing or erroneous information in or with your loan application regarding Your Bank Account or Debit Card details then you authorise us to verify and correct such information. If we are unable to correct the information, you acknowledge that this may delay the payment of the Loan Amount to you. You agree to assist us to correct information by providing us with such information as we may reasonably require.

We will give you a notice if you or we make any changes to the debit arrangements under this Loan Agreement ("Advance Notice"). If you have elected to pay by Direct Debit, you and we agree that the period of Advance Notice that we will provide to you is 3 Business Days.

The Debit Authority given by you for the purposes of this Loan Agreement is to remain in full force and effect until your obligations to us under this Loan Agreement are fully satisfied.

If a debit is returned unpaid or dishonoured for any reason when it is first presented by us for payment, we may re-present the debit for payment to Your Bank Account or your Debit Card by presenting two separate debits for the total amount that is payable by you. We may do this on more than one occasion. If we are required to do so under any applicable law or other legal requirement, we will provide you with advance notice before we re-present for payment a previously returned or dishonoured debit.

LATE FEE: You will owe the late fee referenced in Section 4(a) of your loan agreement if

 

• a repayment is dishonoured on a Payment Date, or
  
• prior to your Payment Date, you cancel your Debit Authority by cancelling your Debit Card or your direct debit authorisation under the terms of the direct debit guarantee and you fail to make alternative repayment arrangements with us by the end of the day on a scheduled payment date."
  

Now to me the bottom that says that if I cancel my Debit Card I am cancelling the Debit Authority I gave them. Which means that once cancelled they do not have the right to take money from the card?

Would this be right?

Thanks.. xx

[quackquack]

its not an option for most people to open new bank accounts and u have done enough to stop any pdl company raiding ur account so u should be fine xx:whoo:

[quackquack]

quick quid will not be able to take money from ur account now but email them the day after u default requesting a payment plan

[Amilindra]

Thank god. Plus I think their Terms and Conditions are on my side too.. as long as im reading them correctly.. which I think I am..

 

I tell ya. I am NEVER having these fricking things again. Its a never ending cycle!!

 

Thanks QuackQuack xxx

[quackquack]

ur welcome i had a loan with them and dfaulted and cancelled my dd and card and there is no other way they could take my money ,they did raid my account before i defaulted thru no fault of my own they didnt honour the roll over extension so after i defaulted nothing came out and my bank assured me nothing would and they kept there word so u will be ok:-x:|

[quackquack]

lol and NO never ever touch them again in ur whole life im rid of them and stress free so good luck xx:whoo: