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Hello,

 

I have had a number of payday loans in the past year or so which I am paying off on a monthly basis, acouple of which are nearly all paid off.

 

I took a loan with QQ and I owe just over £1200.00. This loan is from 2011.

 

I have tried on numerus occasions to set up an arrangement but we could not agreed on anything.

 

At the moment I have a plan in place where I pay £150 a month and I informed them at the time that this will be a stretch for me and I will do my best.

 

I was unable to make this payment as my hours were reduced at work.

 

I have tried to negioate a further plan something I can afford but they tell me they can't cancel the plan.

 

I had a live chat a few days ago and they told me they could sell my debt at anytime.

 

Can someone explain to me what this means "sell my debt" and will I be better off?

 

This is the only payday loan company I have had trouble with.

 

Thank you

 

PK

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Hi stick at em tell them by email only that you cannot afford that loan and that they must help you with a lower payment plan say for a year .don't ever phone them and keep all your emails as evidence and in cases where people do refuse to pay the agreed sum qq will send it to a dca but sometimes this is better as you can negotiate a lower plan .never give up keep at it and insist on a pay plan you can afford and if they become stroppy tell tham you will report them to trading standards ..good luck


:violin::ban::lock1::bump::clock:

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Can you lay out exactly what PDL's you have. Who with? Original amounts and amounts repaid towards each loan.

 

Are you struggling with other debts and what income do you have?

 

Have to filled in the I&E form to see exactly what you are spending?

 

Jogs

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Hi stick at em tell them by email only that you cannot afford that loan and that they must help you with a lower payment plan say for a year .don't ever phone them and keep all your emails as evidence and in cases where people do refuse to pay the agreed sum qq will send it to a dca but sometimes this is better as you can negotiate a lower plan .never give up keep at it and insist on a pay plan you can afford and if they become stroppy tell tham you will report them to trading standards ..good luck

 

Thanks for your advice.

 

I don't answer when they ring me numerous times throughout the day but everyday they email I just state I can only afford £50 a month which I think is reasonable.

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Can you lay out exactly what PDL's you have. Who with? Original amounts and amounts repaid towards each loan.

 

Are you struggling with other debts and what income do you have?

 

Have to filled in the I&E form to see exactly what you are spending?

 

Jogs

 

My payday loans are:

 

Fancyapayday - £60 a month

Capital Finance One - £6 a month

Quick Quid

Wonga - £120 a month

Monkey Dosh - £40 a month

Minicredit - £50 a month ( now with Fredpay )

Pounds Till Payday - £40 a month ( now with clarity )

Payday overdraft - £82 a month

 

If I am honest I can't remember what the original loan amounts were.

 

All I know what my current balance is for each payday loan and what my repayment is every month.

 

These payday loans were taken out in late 2010 and early 2011.

 

The majority of the loans will be paid in full by April 2013.

 

It is just this Quick quid one, I have been trying for well over a year to sort out an arrangement. I have been waiting for this to go to a debt collection agency but nothing. If they had given me their bank details when I first asked for them in 2011, this loan would be paid off by now.

 

Also has anyone noticed on the QQ website that you can now make payments online, you can make full and partial payment. Just wondering if anyone has made payment using this?

 

Thanks

 

PK

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I am worried that you have been screwed for charges and penalties. You are paying a huge amount out and i suspect that you could get big discounts if you offered full and final payments. I would contact each company and ask for a full statement of account and work out what you borrowed and how much you have now repaid.

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I am worried that you have been screwed for charges and penalties. You are paying a huge amount out and i suspect that you could get big discounts if you offered full and final payments. I would contact each company and ask for a full statement of account and work out what you borrowed and how much you have now repaid.

 

I totally agree that I have probably been screwed especially by payday overdraft, minicredit and a few others but I was so worried that they were going to come to my house or take me to court.

 

I wish I knew then what I know now.

 

The only good thing is that only a couple more months and at least half of these loans will be clear :)

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It really is a scandle. I can not tell you what to do although i would want to get revenge. Discredit have no doubt charged you completely illegal charges (£100 per letter by any chance) and if it were me i would be stopping all payments until they can provide a break down etc. As for QQ let them pass the debt on and the try to negotiate a lower settlement.

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IF U CAN CHANGE UR HOME TELEPHONE NUMBER AND MOBILE TO STOP THEM CONTACTING YOU AND READ TODAYS DAILY MIRROR:-x


:violin::ban::lock1::bump::clock:

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I dont think stopping creditors from calling you is the right way forward - not to smart advice. You need to contact them or communicate with them and sort out a repayment structure that works for you and them.

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It really is a scandle. I can not tell you what to do although i would want to get revenge. Discredit have no doubt charged you completely illegal charges (£100 per letter by any chance) and if it were me i would be stopping all payments until they can provide a break down etc. As for QQ let them pass the debt on and the try to negotiate a lower settlement.

 

I will be glad when it is all done and paid with.

 

I have certainly learnt my lesson and I can't believe it all started because I wanted to go out that weekend and it just stemmed from there.

 

I know it takes up over half my monthly salary but in a few months the nightmare will be over :)

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Its ok, I reply to every email and I know what QQ number is so I just ignore it.

 

They have not called me at all today just 2 generic emails

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I dont think stopping creditors from calling you is the right way forward - not to smart advice. You need to contact them or communicate with them and sort out a repayment structure that works for you and them.

 

I have been unsuccessful so far with setting up an agreed arrangement :(

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GREAT NEWS

 

QQ have just emailed me a payemnt plan for months for £54.00 am month

 

Finally something I can afford and its only taken just over a year

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ok. have they given you bank details? Please don't pay them by card unless you are transferring money into the card and therefore are safeguarded.

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ok. have they given you bank details? Please don't pay them by card unless you are transferring money into the card and therefore are safeguarded.

 

its is an old savings account with no money and I thought I could transfer the money every month

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