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oh dear..i need advice..i took out 2 payday loans..and were due to be paid back...unfortunately had my hours greatly reduced last month and now being made redundant at christmas..i could not pay as my income i received just payed my rent and council tax...i emailed them to let them know...and as a good will gesture would pay them 10.00 per month paid into there account...they have emailed me back...saying i dont meet there criteria..and need to send in proof of my payslips ..employment letter...i am not lying..and dont see why i should...i emailed them back..to say this is not negotiable and to give me there account details to pay the 10.00....i sent them a income and expenditure sheet..and basically my outgoings are more than my income..so am stuck and really worried...can i get some advice please..as i know i took them out..but wasnt expecting a sudden change in hours..i also informed them to make all communication via email..and to stop telephoning me 10 times a day..this is becoming a pain...xxx

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We need more info. Copies of.letters minus personal info, names of pdls amounts you actually owe, amounts they say you owe, breakdown of accounts etc.

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

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hi have received no letter at all..when i knew i couldnt pay..i contacted them asap...express finance is 240.00...payday uk..is 240.00.....sent them inncome.expenditure to both ..and paydayuk..have responded saying i dont meet criteria..unless i can prove this...my income are far less than my outgoings..and basically now reduced to 12 hours a week...barely covers my rent and council tax...in which im afraid take priority..have explained to them via email...and they have responded via email asking for proof...

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You dont need to supply "proof"

 

All you need to do is send them a basic I&e form and sign it as a declaration of truth or fact. if they dont like it then tell them they arw getting £1 a month.

 

Pdls are low priority lenders despite the crap that they might try and tell you.

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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I would say if your income is less than your outgoings then payday lenders are the last people you should pay, make sure you have enough to pay the important bills like food and rent. They can't do anything apart from threaten you with bailiffs and court - so if you can ignore this then i wouldn't be in any rush to pay the loans at all.

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They cant even threaten bailiffs. IF they do, its a breach of OFT guidance and MUST be reported. As for ignoring them, you could do, but its better to write a simple letter that states you cant pay and also provide a basic budget summary and sign it as a declaration of fact.

 

They have no way to continue to harass after this, as you have signed the form in a lawful way. If they do keep harassing, then off to the regulators and trading standards you go.

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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PayDayUK are a nightmare to deal with. I have 4 PDLs and all but PayDayUK have agreed to my repayment plan, and I owe PayDayUK the least of the four!!!

 

I spoke once initially to them on the phone and the guy tried to be very aggressive with me...bad idea!!! and they have tried to threaten court proceedings .. I've basically told them I'll see them there!!

 

I produced an I and E for all the companies and only PayDayUK had a problem with it, so as far as I'm concerned, they can take it up with a judge .. they are going to end up getting less from me per month than I initially offered!!

 

Main thing, do NOT be intimidated, threaten to report them to OFT if they try the bully boy tactics and keep ringing, and if they threaten you with court, go with it ... they are not a priority debt, remember that!

 

Should I receive any court hearings I will update with the result.

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express finance..are a nightmare..ringing me 10 times a day..texting me...ive emailed them and asked them to stop..but wont....ive sent them a i.and e form...showing my income is less than my outgoing...ive asked for the account details..to pay them a small amount each month..but telling me i have to ring them...last time i did..he was very rude..and demanded a payment..i told him i dont have it...and said oh well we take you to court then...i said ...do that then...you get 1 pound a month....xx yet calls still coming...not replying to email about where i send the money to as a good will gesture...nothing....

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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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Be very VERY careful as they will agree to a repayment plan by phone just to get your payment details, then a few days later, they will decimate your bank account. We've seen it here hundreds of times. Can you create a new thread and tell us what happened, how you solved your issue, and info about the PDL's you were in debt with?

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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Hi . After your posts to me last night I had a think. I have switched my wages to go into a new account and set up all my direct debits from the new account so the pay day lenders cant access any of my money. I have also gone onto a debt management plan and provided them with all the pay day lenders details and amounts that I owe.. have I done the right thing?

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Yep. Just be warned that some PDL's might say you owe more. They do this because a DMP can only go by what is said. It is up to you to tell them otherwise.

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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They're called legal loan sharks for a reason. They dont care about you. All they care about is getting as much money back from you as possible. Thats why their interest rates are so high, and you have **** like Oliver Larholt owning the absolute worst of them.

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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Who is Oliver? how do they get away with it though and how are they legal! now I know why its so hard to get credit from banks etc, its like that for a reason! so we dont end up getting snowed under debt. I learnt the hard way. I am on the plan for 7 months and cant wait till it finishes so I can have my income for myself and my partner! i rang all the pay day companies today aswell and gave them a new work number (a wrong one) so come the end of the month when i default on them they cant call my work

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Oliver owns toothfairy/speedcredit and the other companies that supposedly arent attached to each other.

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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the worst thing is, after me contacting all the pay day lenders yesterday to tell them i cant pay, i get a txt from a couple of them today offering me more money!!!!! what is wrong with these people

 

I would suggest reporting those advertisements to the OFT, send them to the Watchdog as well, while it won't achieve much directly it can't hurt to expose such highly irresponsible lending practices.

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It will look bad against them as its a direct violation of OFT guidance which states that debtors should never be encouraged to take out more loans with the creditor when they are having issues paying them back. Rollover fees by certain PDL's are also covered by this clause, especially by the PDL's that class it as a new loan.

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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They cant even threaten bailiffs. IF they do, its a breach of OFT .

I have to disagree with you renegade. If the letter is phrased correctly with we may apply for judgement and if we gain one ofthis could lead to etc etc that is lawful because it is what they COULD do and what could happen. If we are to complain we must get our facts and language as accurate as possible.

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express finance..are a nightmare..ringing me 10 times a day..texting me....

 

I know that feeling, they even use two different numbers, one in Nottingham and one from wherever. Luckily I have a smart phone so downloaded an app which stops the calls, txts are just filed away and the phone just picks up and drops the call, Even better I have an accurate log of how many times they try to contact me

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