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Hi There


I have a few payday loans that have got out of control, stupidly!!! Is there any way you can use get out of these via the CCA template letter or using a DMP to pay them a fixed amount each month please?


Any suggestions appreciated


Thanks in advance.

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If you applied online you'll have signed electronically. I wouldn't know anything about anybody getting out of paying a payday loan back because of a cca technicality... I'd forget that idea completely and try and make arrangements to pay back.


How many payday loans do you have?


Can you list the company name and the amount owed here?


Have you defaulted on any of them yet?


You're not alone. A lot of us were/are in the same boat. There are a number of ways in which to deal with it. "free" dmps will only usually consider you if you have £5k of debt or more. I believe most dmps (free or fee paying consider adding any unsecured debt onto your plan.


Reply with the above information (company's and amounts) and we will be happy to help :)





It never rains but it pours...

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In experience, you usually have to default on the loan repayment before they will entertain talking about a repayment plan.


If you ensure they don't receive their money come payday, you can enter into dialogues to repay the original loan amount plus one months interest. Some are easier than others to deal with. PayPlan helped me sort myself out in terms of negotiating repayment terms, maybe worth contacting them and discuss your situation in detail. It worked for me anyway.


Good luck

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