too many payday loans

[kay17]

I have lost track of all my payday loans, and my boyfriend is out of work, so I am really srugling to pay all the houshold bills and pay the payday loans. I really want to reduce the amount I pay out each month and get all the companies off my back.

Does anyone have any advice they can offer me.

at the moment i feel like i am juggling everything, once you pay one you need another loan to get by, and pay the others.

kay17

[renegadeimp]

Household bills first, payday loans second.

 

 

First thing you need to do is open a new bank account and have all money paid into the new one. Dont give the payday companies the new bank info. This is so you can secure your money, as the PDL's WILL take your money as and when they like if they have your info. They dont even care if they leave you with no money at all.

 

Write to each PDL and state that you are in severe financial difficulty then post their response in this thread. Remember, do NOT phone them. Only mail by recorded letter OR email from your inboc, never from a webform.

[willnotdoitagain]

I have started to sort my pdl out I have 9 and I feel better already. But make sure you close the bank account they debit from. I have emailed 6 of them and sorted a repayment out with 3 still waiting for replies from the other 3. Still have 3 pdl to inform of my financial difficulty. Good luck Kay17

[quackquack]

:behindsofa:hello sunshine please email all pdl companies asap asking for a payment plan asap and keep a copy of the email at all times then if u can cancel ur bank card as lost to ur bank and get a new one sent then cancel any direct debits u have with all of them asap otherwise they may well raid ur bank account then when u email them tell them u are going to have to default payment as u are experiencing severe financial hardship then do not pay them a single penny until they agree a payment plan with u ,normally after u have defaulted they will contact u asking for further payment but u have to remain firm and strong at all times and send them a repeat email again stating u require a payment plan now .u do not have to write to them just email them and on ur email tell them they must not phone u only email correspondance is acceptable otherwise if u talk on the phone to them they can become agressive so now its ur turn to be in full control not them and u can do this with all our help on here and come back and update us for further advice and stop worrying u will get out of this i have others have and are on the way ur not on ur own so sleep well tonite and ul soon be sorted good luck PS CAN U TELL US EXACTLY HOW MUCH U OWE TO EACH ONE WE CAN HELP U FURTHER THEN XXXXX

[willnotdoitagain]

Just an up date

 

Mr Lender - repayment plan agreed standing order in place and received my balance in writing (email) - £400

 

Payday Uk - repayment plan agreed standing order in place and received my balance in writing (email) - £487.50

 

1 month loan - repayment plan agreed standing order in place and received my balance in writing (email) -£640

 

Quickquid - refusing payment plan but I keep emailing them.

 

Capital Finance One - called me at work yesterday after several emails asking them to only contact by letter or email. Sent 3 emails no response.

 

Payday Express - I have had a few replies by email, but they say I have to meet there criteria & have emailed them back every day but no response, so will keep at it. Did receive a text message this morning saying your payment arrangement promise has failed please call us, then an hour later another text saying my account will be passed to the debt recovery dept, I have then sent them 2 more emails since but still no response.

 

Poundstilpayday - on hold till end of month

 

Wonga - not due yet

 

Mini credit - not due yet - not looking forward to dealing with these after what I have read on here

 

Will keep emailing them - but just want to sort this out. Am feeling better by dealing with all this but I must admit when they dont respond I worry about them contacting me at work.

[sillygirl1]

If anyone calls you at work remind them of the OFT Guidelines in Debt Collecting and put the phone down, then put in a complaint to the OFT and Trading Standards.

 

Don't close the bank account you pay them from, you need to keep that account separate from the one your income goes into, that way they can only take the money you have in your account on the day. Try not to do things via your card but via standing order instead of direct debit, far safer and keeps YOU in control.

[willnotdoitagain]

I no longer have the account linked to the card I paid them with. But have set up standing orders with them that is the only way I will pay any of them like you say that keeps ME in control.

Just want to say thank you to everyone for all your advice.

Will also put complaints into OFT and trading standards.

[2009dg]

your having trouble with QQ? That was one of my easiest wonder why they arent helpfull to some

[quackquack]

keep at quick quid dont give in

[willnotdoitagain]

QQ have been trying to contact me by phone but I have several emails from them saying they wany £49.50 this month then £100 next month but I dont have that sort of money as I am trying to get my finances in order, have explained this loads of times but they still refusing to budge.

 

2009dg how did you deal with this was it by phone.

 

Any advice pls also if anyone has any advice on how to deal with payday uk (MEM) I would appreciate that also.

 

Need email address for wonga as well if any one can help

[renegadeimp]

NEVER deal with them by phone. In regards to repayments, they have to come to a mutual agreement that doesnt leave you in hardship and doesnt have them taking priority over your other debts. Even if they eventually took you to court, they could be left with £1 a month.

 

They dont like this, and they certainly don't like you knowing that you can do this, hence the reason why they are bullying and harassing you ( which is another violation of regulation).

 

Specifically the CSA 2008 regulations. http://www.consumeractiongroup.co.uk/forum/showthread.php?158567-2008-regs-CSA-Codes-of-conduct-Enforce-the-rules.

[2009dg]

 

2009dg how did you deal with this was it by phone.

 

Any advice pls also if anyone has any advice on how to deal with payday uk (MEM) I would appreciate that also.

 

Need email address for wonga as well if any one can help

 

No only dealt with them via email. Am disputing the extra charges though so things may change. With Payday UK it took time but eventually I got an email with an income/outcome form (very basic) which I sent back and a few days later I finally got a reply accepting what I had initially offered for the first 3 months. I'll then be left with £50 which I'll pay off in one go. I do plan on paying all my PDLs back early if I get the chance, once I have money I'll ask for final settlement figures.

[renegadeimp]

Hey 2009dg. Make sure that you are actually paying off the loan amount and theyve stopped interest.

 

PDL's have a nasty habit lately of saying you are paying the loan off, but in reality, they are counting your payments against the interest and any charges. So when you think you have paid off the actual loan, really youve only paid off the interest each month and any charges they decided to throw on.