Repayment Plan Break

[Blossom99]

Hi all. Am currently repaying Castlebridge credit and Mackenzie Hall on the 1st day of every month, and have been since February. I have paid on time every month. It totals to £120 a month. It is basically all my spare money after essentials. There have been no treats, nothing, but I knew that and was keen to be free of these debts. However next month I could do with the cash as basically its hubbys 40th and I want to get him a nice present and take him for a lovely evening out. I was going to contact then and ask if I could pay them a bit less that month but am concerned they would refuse and it would be treated as a breach of the agreement. Just wondered if anybody could advise and if I'm making a huge mistake or wasting my time by asking at all. Thanks

[renegadeimp]

Try it. Just say you did a few less hours this month and need to reduce the payment for one month only.

[silverfox1961]

Hi

Have you done a personal Income and Expenditure form (not to send to them)

If you are spending all your spare cash, what about emergencies? what about having a life?

 

Work out what you can afford and tell them that is what they are getting. If they don't like it-well tough. They would be unlikely to go to court as you will be paying something.

 

Can you let us know what type of debts these are?

[Blossom99]

The debts are payday loans, I was made redundant last year and almost went under. It was hell, I got a new job just before Christmas and was desperate to get rid of these debts. I also have a monthly agreement with Barclays to clear my overdraft. My final repayment is in June and then my bank is account is back out of the red and I will be £100 better off per month. I did create a budget sheet and I admit I stretched myself to get rid of the debts, clothes shopping seems like a distant dream! But I got myself into that mess and that's the price I have to pay

[silverfox1961]

I got myself into that mess and that's the price I have to pay

I'm sorry but I disagree for this reason

 

I was made redundant

 

Before you were made redundant, you wouldn't have thought of the mess. I would suggest that redundancy was not your fault so why should you suffer. Yes, it will clear these debts off quicker but at the expense of living. I don't think so

[Blossom99]

I shouldn't have taken out the payday loans in the first place, It was before I lost the job but it was such a foolish thing to do. I have been considering asking them if I can pay less per month but I would need good reason, and in the eyes of a debt collection agency having a life is not an option.

[renegadeimp]

But in the eyes of the law its a necessity.

[silverfox1961]

While I do appreciate how you feel and any decisions made must be your own, MUCK HALL and Castle bridge credit are DCA's who have NO LEGAL POWER over you.

I emphasised MUCK HALL because they are the lowest of the low in the DCA food chain

 

This is just for information

 

Instant Cash Loans Limited2685515

 

 

Categories:

 

 

 

Consumer credit Consumer hire Credit brokerage Debt adjusting/counselling Debt collecting

 

Right To Canvass Off Trade Premises:Yes

 

 

 

 

Trading Name(s) (Current):

 

AdvanceBritain.com Cash Till Payday Castlebridge Credit Management Duncanson & Edwards Gold To Cash Direct Money Shop Castlebridge Credit Management Robert Biggar Pawnbroker The Money Shop

As I suspect, you took out a PDL with one of the trading names and as such the debt is still with the original creditor albeit with one of their 'partners'

[Blossom99]

muck hall debt was originally quick quid and castlebridge was originally payday express.

[silverfox1961]

Oh well, I don't mind being wrong.

 

I would assume that a load of charges were added to these accounts before they were transferred. Yes/No? While not as easy to get the charges wiped as a credit card, they can be done as most charges are unlawful

[Blossom99]

Oh no silverfox I wasn't trying to make a point of making you look wrong at all, I appreciate you taking the time to help me out.

[silverfox1961]

Oh no silverfox I wasn't trying to make a point of making you look wrong at all, I appreciate you taking the time to help me out.

 

Don't worry at all. Even though my name appears orange, I still have lots to learn.

 

Going back to the top, Renegadeimp says to ask for the reduced payments. You can try that way if you wish (I won't be offended) or choose a different route. That is what I like about this forum so much. It gives you the information and then you can decide which way to go.

 

Good luck with it though

[Blossom99]

You are all right, it is my money and I decide who gets how much, and I have already proved myself to them by making previous repayments, so I imagine they would be hard pressed to take court action

[silverfox1961]

I would imagine your credit file is already stuffed so that isn't an issue and as you are paying something, they would look VERY silly going to court. The courts don't like DCAs using them as their collection agents.

[Blossom99]

Well I hope at least by repaying my debts it works in my favour towards repairing my credit rating. Repaying my overdraft and keeping my nose clean with Barclays should help aswel