Wonga and Pounds Till Payday

[silly with money]

At the end of the month i will have to default on two loans one with Wonga and one with pounds till payday.

 

I am unable to close my bank account as i have an overdraft but will get my wages paid into a different account. I will report my bank card stolen and cancel the CPA for wonga. I will then contact them asking for a repayment plan for over 12 months.

 

I'm concerned about the payday loan with pounds till payday, i will cancel the direct debit but i cannot find any recent post regarding pounds till payday and repayment plans, has anyone got any recent experience????

Thanks

[renegadeimp]

Regarding the direct debit, you must write to the PDL and tell them that the direct debit is cancelled. Take a copy of that letter and proof they recieved it to your bank and get them to cancel it. If you dont tell them, the PDL can easily reset the DD back up. The DD also allows them to withdraw what they like, when they like, and its a huge pain in the arse to sort things out afterwards.

[Bombaymix]

Hello silly with money! (I hate calling you that! It could in fact be a much more accurate description of myself)

 

I'd like to add a little bit if reassurance as far as PTP are concerned. I was a customer of theirs and had to default end of last year. They were by far the easiest to deal with and stopped interest and charge straightaway and immediately accepted my payment plan. They also offered me a substantial discount when I eventually was in the position to pay them back in full what I owed. In the end it actually worked out that I paid them back LESS than what I originally borrowed from them.

 

However, take the advice offered so far with securing finances. Cancel CPAs, "lose" your card etc.

 

Once you've done this, and only once your finances are secure! Contact them. They'll tell you the department you need is only available via phone - they all do. I never spoke with them on the phone to sort it out. They have a live chat... If you do use this (some will say not to, it's ok, there's an option to have your chat sent to you [unedited] via email) http://www.mypoundstillpayday.co.uk/chat.html

 

Forgive me if that link no longer works - it was November last year that I last had dealings with them.

 

Good luck with it all. Don't worry! There's plenty of advice here if you need it!

 

Regards

 

BM

[silly with money]

Thank you very much for your replies.

 

BM can i ask, did you contact PTP prior to the loan due date or after? Also how long was if prior to you paying then bank in full?

 

I'm just a little worried as it would appear that after 60 daiys the loan is passed to a DCA and there is no way i will be able to pay the full amount back within 60 days. I borrowed £800 and therefore the payment due is £1040. I have been doing this for months and months loaning the money, repaying and then straight away reloaning the money.

[Bombaymix]

Hi there. Once you've secured your finances. Contact them as soon as possible. If they agree a payment plan with you there will be no need to pass your account onto a DCA after 60 days as long as you keep to the repayment plan.

 

When working out what you can comfortably afford, don't make an offer that you may not be able to afford to pay in future.

 

I emailed them before the loan was due and made a pro rata offer to them and other creditors. They accepted straightaway with the only conditions that they'd review after 6 months. My circumstances didn't change much in that 6 months so they agreed to carry on.

 

After paying into a repayment plan for 7 months I contacted them for a balance. The money I paid had been deducted from the balance and they offered me a discount if I paid the remainder.

 

I don't very often speak highly of PDL companies (as per many of my previous posts) but I can't say anything bad about this company (other than their apr lol, That's just standard though unfortunately)

 

Keep us updated

[Jamie Kingston]

It's kinda pot luck - just most don't have much luck!!

[Bombaymix]

Indeed. I'd agree with Jamie. I think it all depends on whoever you're dealing with and which side of bed they got out of that morning lol.

 

PTP however aren't featured as heavily on these forums as the likes of minicredit and payday express...

 

Give their livechat a try!

[silly with money]

It's now the time of the month to contact Pounds till Payday and Wonga. Has anyone got any idea of the best email address to use for these two companies to get speedy responses.

I'll keep you updated. Thanks

[silly with money]

Well the due dates for Wonga & Pounds till Payday have passed.

I've emailed Wonga several times before my payment date, they sent me an I&E form on the 31.10.2012, which i duly completed but i have heard nothing from them since. the interest is still being added, any ideas?

I have emailed PTP on three occasions & tried live chat twice, they just reply saying they have added £59 and i will have to wait for an account manager to contact me by phone. Clearly i'm not happy about this but i don't know what to do.

I would be grateful if anyone has any advice.

Thanks

[Jamie Kingston]

call them and ask them to confirm what is happening and then get them to confirm whatever they say in an email. I would ask them to cancel any interest since the first date of contact when they should have frozen your account.