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PayDay Loan Query


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Good job we clariffied - I would have been :!: had they not made you pay the remaining £300.

 

At least they are prompt in replying and will freeze all interest/charges. Any idea what you might do now? I still think the token payment is rather steep since it is meant to be on your terms and if it were me I'd offer no more than £50. If you are able to afford it, I'd be inclined to take up their offer because at least you will have made a start at repaying it back.

 

 

I'm going to do a basic budget and expenditure list over the weekend. Like you say, I need it to be on my terms that I know I can afford and not risk defaulting on any agreement. Like you, I agree that what they have proposed is very reasonable. I'll keep this thread updated next week with replies from the other PDLs.

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Use http://www.nationaldebtline.co.uk/england_wales/pdf/personal-budget-sheet/your-personal-budget-sheet.pdf to work out your I&E. Don't give it to anyone.

 

Use http://www.nationaldebtline.co.uk/england_wales/pdf/personal-budget-sheet/budget-summary-for-creditors.pdf to give to your creditors. If they try to ask for any other information, tell them to go tale a long walk off a short pier.

 

That summary is a valid legal document. If the two forms are good enough for a court, they are DEFINITELY good enough for a low rate backstreet PDL.

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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keep at it Dazza....you will be in control of these parasites in no time.

45k Debt - June 2016

35k Debt - May 2018

24k Debt - April 2020

 

The battle is slow but I will win the war

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Are you taking up the offer from Mr Lender or making your own amended offer?

 

I'm making my own offer, I cannot afford the one off payment, and feel it needs to be the same across the board, with no creditor getting any priority. At the end of the day, these aren't my priority debts, therefore I will pay them what I know I can afford.

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  • 1 month later...

Well, a few weeks down the line and all but one have agreed to my repayment plan. PayDayUk or PDUK, whatever they want to call themselves, would not agree to my repayment offer and should I not make the full payment of the loan by the 4th September, then they are taking me to court .... I've told them I'll see them there!! They wanted me to either pay it all in one go, or, in 2 payments of over £200 a month .. plus I only spoke once to them on the phone and the guy tried to bully me into paying... bless him, suffice to say I threatened them with OFT...that may be why they decided to take me to court :-)I can send the email they sent me should anyone want to see it.Quick question, of all the other pdl companies I have set up a plan with, when I come to making the monthly payments I have their account details, am I best paying through my online account? Is there anyway they could get my account details and try to take more? Whats the best way of setting it up?Thanks guys.

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Heh. Wonder if they know if they take you to court, the judge will 99% side with you. Especially since the PDL seems to think that the courts can be used as a first line of debt collection.

 

Only pay by standing order or prepaid credit card. They want your debit details so they can take money as and when they feel like. If you use a prepaid card, do not tell them it is prepaid. They will flat out refuse to process it because they know they wont be able to get money as and when they want.

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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