Payday loans and Court

[jmidz]

Hello, i've got myself into a mess with 5 payday loan companies.

 

QuickQuid, Cash Genie, Toothfairy, Towercapital and Lending stream.

 

I'm really embarrassed but it just got out of control. I've been trying to set up payment plans with them but cannot afford much due to my limited income. I'm really worried about court action, do pay day loan companies take many people to court, do they take all their clients to court or just a few??? I know it sounds bad but I'm planning to keep my head in the sand and just hope things will blow over and eventually they'll forget about me.

 

My concern is that I've also moved address, so if they were to send CCJ letters, I may never know and I'm afraid they'll win by default.

 

Any advise or experience shared would be greatly appreciated! Thanks in advance.

[paxon]

Yeah mate they might take you to court they all have form. But why are you worried if you are planning to ignore them......

 

At the end of the day we dont support avoiding debt here.

If you are on a low income there are still options avalible to you to pay them back.If you are interested let me know and i and other guys can advise, If not well keep burying that head of yours.

[huggys boss]

6 years is a long time to have to keep your head buried, it is better to face them head on with your wits about you.

They have been getting a lot of bad press recently, and I think if it does go to court, the judge will treat you fairly and take your circumstances into account.

 

Listen to the guys on here, a lot of them talk from experience of these companies.

[jmidz]

I do want to pay these debts back but I have no income and they're asking for amounts of money i just don't have access to. At the moment it seems impossible.

 

When I find employment I plan to split my disposable income equally among them all.

 

My plan at the moment is to just ignore them as I feel I have no other options. I'm really worried they'll take me to court though.

[jmidz]

Could someone give me an example situation of the worst case scenario that could happen?

 

Thanks for your quick responses so far!

[paxon]

Genie, toothfairy and tower capital will 4 sure. Whats your position then you claiming benefits?

[jmidz]

i'm planning to sign on for JSA, never done it before but I am looking for work every day

[huggys boss]

Worst case would depend on your circumstances and the amount you owe.

If it is a few hundred pounds and you don't own property you get taken to court, the judge looks into your finances and decided how much you repay a month.

If you owe £1000's and own a property then it can be a different ball game altogether.

[jmidz]

I took a £200.00 loan with each company and own no property. If I was taken to court, would the judge look at the other loans I've also taken?

[jmidz]

If I paid them £10.00 each a month, would this prevent court action?

[Jon1965]

Ok, my advice.

Firstly as you have no income at present you can not afford to pay them anything and certainly not £10 per month.

Write or email each one of them, giving them your new address, sending out a statement of affairs (income and expenditure) and asking them to freeze interest and charges and suspend payments for 6 months.

I would also call National Debt Line who will help you with your income and expenditure form and also explain your options. They are free but will not take on handling your debts.

Keep records of all letters, that way if they do take you to court you have a paper trail showing that you have been trying to talk to them and you are being reasonable.

Lastly and really only if you can afford it , you could make a token payment of £1 per month to each.

 

If you do get court papers, do not ignore them or they will win by default and it will increase your debt. people on here can help you with a defence.

If they win and you do not pay or stick to any arrangement they can take further action, for example baliffs or an attachment of earnings when you are working. All of which will incur extra charges.

 

I hate PDL's as much as anyone but ignoring them won't make them go away.

If they phone you just politely refuse to do security and say all corresponance must be in writing. If they txt you, ignore it.

I would however keep a log, then you have the option of making a complaint for harrasement.

These things will happen...PDL's are bastards who only want to make as much money as posible

[quackquack]

Hello sunshine please phone national debt line asap they will advise u now dont let this fester longer and u can possibly stop any court action taken against u so dont delay

[jmidz]

thank you so much for the help, i'm on the national debt helpline website now....thanks again!