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Yet Another Victim Of Payday Loans


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Thank You renegadeimp for your advise.

 

Heres an udate on wageday advance. I was nearing an agreement of £94 per month to clear the £512 outstanding amount. They said they require a token payment of £50 to freeze the interest until the suggested date. I replied saying that i could not make a token payment as i did not have the funds and i also didnt think it was fair. Now they are saying that with no token payment the balance will be £624.00. This includes 1 months interest £100, £24 default charge and the original balance of £500.00.

 

They are just making it more difficult for me. I am about to email them back now. I am going to state that i am happy to pay them the origional agreement of £94 per month final offer

 

I also now wish to complain. Do they have email to which i should send my complaint

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So basically theyre blackmailing you? Get that complaint into the FOS and OFT now.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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After emailing them saying that the origional amount of £94.52 per is my final offer and that i feel they are being very unfair. Here is what they said.

 

 

Dear XXXXX,

 

 

Unfortunately the interest does stand on the basis that your loan is due on the 20th march, and you want us to hold the account a full month without payment therefore 1 months interest will be applied to your account of £100.

 

 

The balance does stand at £624.00.

 

 

Please advise when the repayments can commence, as a good will gesture we are happy to split this balance over 6 months, please advise you can afford those repayments of £104.00 per month.

 

 

Regards

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Okay heres an update

 

I have paid Quick Quid off. I agreed a sum with them for half of the outsatnding amount.

 

I made my first payment to Wonga today as part of my 6 month plan

 

I have recieved a letter from moorcroft saying they are willing to agree a payment plan asking how much i am willing to pay

 

Cougher Finance have sent me a standing order form to fill in and send back to with my offer of a monthly payment

 

Wageday advance are still playing hardball and wont freeze the interest. I intend to complain to them.

 

The only response i can get for Minicredit is an automated response asking me to phone them. They also keep pilling on the interest charges. I also intend to complain to these.

 

Lending stream have not replied to any of my emails. Is there an email adress with they will respond to?

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Regarding the DCA's you have been contacted by, gain separate advice as there are other ways of dealing with them. They LOVE to add on random charges and break their own agreements.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Thank You. I will let you know my progress with the DCA's

 

I am currently typing out my compalints to Minicredit and Wageday Advance. Any advice of what to say or a template letter.

 

Again i would like to thank everyones advice so far. If i had not found this website i would still have my head buried in the sand, still be paying the stupid rollevers and getting deeper into debt.

 

I told my parents of my situation last week. It fety like a great weight of my sholders when i no longer was trying to hide it from them. They weren't very happy at first, but they were understanding and also been a great help.

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Youve done well so far. To quote an old phrase. " The first steps are always the hardest." After you take those first steps, everything starts falling into place.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Hiya,

 

Did they freeze the interest for you?

 

Okay heres todays update.

 

Wonga have offered me a 3 month plan

 

Quick Quid have offerered me a 2 month plan

 

Wageday advanced said i can set up a payment plan after i have filled in their income and expediture form and sent them my bank statement. Also authorise WagedayAdvance to collect outstanding monies from any account details I have provided to them

 

Minicredit havent replied to the email i sent, but they have sent me an email saying they have added £25 for the loan being overdue and in 3 days they will add a further £55 if not paid.

 

I fear minicredit are possibly ignoring me and just slapping me with charges. Anything i can do to stop this.

 

What can i say to the other companies to get them to agree to a 6 month payment plan. Also i don't want Wageday to have my bank statement.

 

Any advice would be a great help

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Wageday Advance are not supposed to have the information they want on their I&E form and they are not supposed to have your bank statements and wage slips. Only a judge in a court is entitled to these.

 

Report WagedayAdvance to the OFT and Trading Standards as they have breached the OFT Guidelines on Debt Collecting by asking for information they are not entitled to.

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