Help with PDL

[Bella2012]

Excuse my stupidness but I dont know how to create a new thred, I am new to this. Ok here goes. I had a payday loan with Money Box, Uncle Buck, PDUK, Wonga, Swift Sterling and CFO Lending. Your probbably think how silly I am for getting mself into this but thank god I have got out of it! I called each one of them today as I was just loaning, re paying, reloaning and it was silly. I called them all today to say I cant make the payment that is due on 28th. I told them what I can pay them and that is 4 installments to cover the balance on each so its all cleared by Jan time. I emailed them my income and expenditure and said that is what I can pay end of. They all agreed to it on the phone and they have confirmed the payment plan in an email. I was suprised how nice they were! the only one I had issues with is Uncle Buck and am still having issue with them but I only owe them a small amount so hope to sort that out. My advice is never get a payday loan... I have been so stressed out.

[Bella2012]

Here is an exmaple of an email confirmation I got from Quick quid

DeariCustomer # This is a confirmation that you have entered into a pre-default payment plan detailed below. £227.34due 31/10/201 £227.34due 30/11/201 £227.34due 31/12/201 £227.35due 31/01/2012

Please be sure the funds are available. This arrangement cannot be cancelled. Not honouring this arrangement will trigger collection procedures.

If you have any queries, please contact our Customer Service team round the clock via phone, email or live chat.

QuickQuid Customer Service

Direct Line: 0808 234 4558

Fax: 0808 101 1380

[renegadeimp]

You havent got out of it yet. Not until all repayments on the amount you actually owe are repaid. Not the amounts they claim you owe. You need written confirmation after each debt is fulfilled, and need to make sure that they are not taking out more money.

 

I was suprised how nice they were!

 

I already outlined why they were being nice.

 

 

Also can you list all the PDL's you have debts with, the amounts you took out originally and the current amounts they say you owe. I have a very strong feeling you are being conned here. Especially since you have agreements/verbal contracts from some of the Worst companies to deal with.

[havinastella]

I have moved your posts to a new thread!

[Bella2012]

I have confirmation emails from them concerning the agreement on the phone. Wonga I had 1,300 owing in total PDUK 600 CFO 600 Quick Quid £900 Swift Sterling £682 Money box £200 Uncle Buck £200

 

I will be checking my account but if they have agreed to the payment plans on email can they still take more?

[renegadeimp]

Ok.

 

Are they the amounts that were taken out originally, or have the added charges since then. Remember, you are dealing with some of the worst PDL's there are. Also, are you sure you can afford to repay them at the amounts agreed, and they werent pressuring you into paying more than you can afford? I say this because with your QQ debt alone, you must be on a substantial wage to pay that back, plus whatever amount you agreed with the others, plus your essential living costs etc.

[havinastella]

What were the original loan amounts and how much have you paid back in total.

 

There is NOTHING to stop any of these firms caning your account on the 28th!! I think they will all be fighting each other to rob you blind!

[Bella2012]

The amounts I have listed include the interest charge for the month at whatever rate it is. I have checked and it hasnt gone up and I have checked my re payment agreements and they equal what I have on my record as owing. With regard to the repayments, this is what I have told them I can pay back based on my income and expenditure report, I have factored all the re payments back to each lender. I earn £2k per month from work and with paying back each lender over the course of 4 months, I am left with about £60 per week as disposable money. I will be sitting in on weekends for the next 4 months but its a small price to pay I just want to be out of this. Do you think there is anything else I need to do? I have it in writing from them the agreement. Is there anything else I should do? also, what happends to the people that can only pay a minimal amount back each month can these people actually take you to court or send people to your house?

[havinastella]

Most PDL companies shout loud but have no bite.

 

Some are not even registered in this Country like Quik Quid. They are a US company and cannot take you to Court in the UK.

 

As for anyone turning up at your doorstep, the Postman has more rights.

[Bella2012]

Can they take you to court in the US then? what I dont get it they have put in writing the payment plan so why and how can they get a way with taking more from my account on the 28th? these companies must have some bite as we have signed a legal document to say we will pay them back in full so they must have rights? not that I am on thier side!

[Bombaymix]

I also smell a rat.

 

They've given into your requests extremely easily. This is one of very few hassle free payday loan threads I've read. I don't like to scare you, but I've got a feeling you'll be back here on the 28th telling us you've checked you bank and you have 5p left to last you the month!

 

General advice here is to open a new bank account and arrange to pay these companies by standing order or postal order!

 

I'd get in touch with your bank and report your account as "compromised" and your card lost/stolen.

 

Arrange to have wages paid into new account if possible.

 

Sorry If that sounds harsh and negative, you may have caught them all on a good day. Have a good read around here though and you'll find other people who've been promised repayment plans with no extra charges only to find their bank account has been emptied by one or more of these payday loan companies.

 

Regards

 

BM

[havinastella]

Excellent advise from Bombay!

[renegadeimp]

They cant take you to court in the US, as your contract was made in the UK, and you are resident in the UK. The only thing they can do is issue a default on your credit file ( which most of your lenders will probably do anyway, then sell it on to a DCA.

[renegadeimp]

I also smell a rat.

 

They've given into your requests extremely easily. This is one of very few hassle free payday loan threads I've read. I don't like to scare you, but I've got a feeling you'll be back here on the 28th telling us you've checked you bank and you have 5p left to last you the month!

 

General advice here is to open a new bank account and arrange to pay these companies by standing order or postal order!

 

I'd get in touch with your bank and report your account as "compromised" and your card lost/stolen.

 

Arrange to have wages paid into new account if possible.

 

Sorry If that sounds harsh and negative, you may have caught them all on a good day. Have a good read around here though and you'll find other people who've been promised repayment plans with no extra charges only to find their bank account has been emptied by one or more of these payday loan companies.

 

Regards

 

BM

 

100% agree. As i said further back in this thread, it is very VERY unusual for these PDL's to instantly accept your proposals without any kind of a fight at all. I guess we'll see once the repayments commence.

[Bella2012]

They wont accept standing order thoughts. DO you know of anyone where they have done?

[renegadeimp]

Yes they will. Dont fall for their con tricks. If they demanded your debit details, then its guaranteed they are going to strip your account. If they will not accept a standing order, then you place the account into dispute and do not pay them.

 

I think its time you locked down your account, and perhaps open up a parachute account, so these idiots cant steal your money.

[Bella2012]

What is a parachute account . How do I set this up

[Bella2012]

Also I have just checked my QQ online account and even on there it says the next amount to be taken as per the payment plan so that ties in with what I have agreed with them..

[renegadeimp]

No. Just what is showing on their site ties in with what they said. There is plenty of evidence of PDL's agreeing one thing then doing another. Thats why we are so cautious and suspicious that theyve all agreed so easily and willingly. That is very unusual.

[Bella2012]

hmmmm I cant close my account as I have an overdraft facilty which ill lose if I close it and I cant afford to pay back my overdraft aswell!

[renegadeimp]

You dont have to close it. Just go to another bank and open up a basic account. The coop has a good one that can be opened by phone and is available to anyone.

[Bella2012]

but i will be having my wages paid into the new account so that means i wont be paying my overdraft back each month with the old bank. PLease explain

[renegadeimp]

You can still transfer money from one account to another to cover the overdraft payments.

[Bella2012]

I really dont understand what you mean. so once I open a new account what do I do then about the payment plans I have agreed to? give them the card number for the new account> what do I do with my old account? which account do I have my wages paid into? how do i re pay my overdraft if my wages are going into a new account?

[Bella2012]

But I go into my overdraft each month! i use the overdraft