lots of PDLs - Out of my depth - HELP

[Tawnyowl]

Hi -Welcome to the CAG

I can not say your name,can not write it.You are not a fool,just been targeted by predators.

I understand.The PDLs then the rollovers,trapped on the cycle of debt.Just where the legal loan sharks want you.

 

No money for food,petrol etc-Time to act before your next payday.

It is time for you to take back control.You can not now make these payments.So let us sort things out.

You are now amongst friends,not the sharks.

 

Now the husband,obviously it is up to you,but stress you are going through is no good for you,and he will spot this sooner or later.

Talk to him,tell him you have got yourself in a mess.No use hiding things.But perhaps chose your time.You will know when this is the right time.But it is up to you.

Your marriage if strong will stand this.Many more will come as your life progresses.Just grab hold of them the problems,give them a damn good beating and move on.

We will help you,stand by you.

Thousands are going through the same thing,you are not alone.

Before you do get some confidence back read the following links.

 

You may find this useful.

Take a look or listen to this.

I find listening to it cool.Then going through the letters etc.Reminds me what predators they are.

It also links up to a thread showing how Taking payday loans out will, not may trash your credit file even if paid early or on time.

payday loan SURVIVAL GUIDE.

 

.http://www.consumeractiongroup.c o.uk...van-law-centre.

 

Also a letter to take to the bank to cancel those CPAs-VITAL.

 

http://www.which.co.uk/consumer-righ...ith-your-bank/

 

Also take a look at this.

 

I can’t pay back my payday loan, what can I do?

 

http://www.which.co.uk/consumer-righ...what-can-i-do/

 

 

How about this idea.

Send the letters to the predators this way.

http://www.consumeractiongroup.c o.uk...your-computer/

 

Just in case.

Harassment by telephone - response letter

 

http://www.consumeractiongroup.c o.uk...esponse-letter

 

I will keep a beady eye open for any replies,and am usually around at different times.

Tawnyowl.

Edited October 12, 2013 by tawnyowl

[Tawnyowl]

Hi Linda.

You have to get back in control.

Cancel the CPAs at the bank.

Phone them today.

Or take the letter to them on Monday.

Then we will think about Misselling-and grounds for complaint.

You will then be able to work things out.

Have time to think,fill budget sheets out etc.

You will have stopped them hoovering all your wages out of the bank.Leaving nothing for you.imagine that.

And Linda,at one time believe me,my debts were so out of control,i did not know what to do,till i arrived here.

Many years ago.I am just going to change the CPA cancellation letter,make it easier for you.

First of all,know your rights when cancelling a CPA.

In most cases, regular payments can

be cancelled by telling the company

taking the payments. However, you

have the right to cancel them directly

with your bank or card issuer by telling

it that you have stopped permission for

the payments. Your bank or card issuer

must then stop them – it has no right to

insist that you agree this first with the

company taking the payments.

Be aware, though, that you will still be

responsible for paying any money that

you owe.

 

Letter to take to the bank.Tomorrow

Your Address

Date:

Bank

Street

Town

Postcode

 

Dear Sirs,

Account no: XXXXXXXXXX

Please act upon the following instruction with immediate effect:

No payments in any form are to be made from my above numbered account to NAME OF (company) , including continuous payment authorities (the Payment Services Regulations 2009 apply).

Yours faithfully,

XXXXX

 

Then we will sort things out from there.When you are back in control.

 

 

 

.

Edited October 13, 2013 by tawnyowl

[Tawnyowl]

This part,is no problem at all.Cancel those CPAs then we will do budget sheets etc,to suit what you can afford to pay them.We will not be asking them,we will be telling them.

I will just go and find you a budget sheet so you can have a look.You can fill them in then print even email them to the lenders.If they get funny,well there are then other letters to send them,they will not win.You will.

As things progress maybe we will challenge them on certain things.But for now this will do.

Not to much all at once.

Thankyou for your kind words.

 

Here is a budget sheet,and some info for you to practise on.

http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#5

Edited October 14, 2013 by tawnyowl

[Tawnyowl]

 

I contacted Myjar to say that I won't have the funds on the 16th to pay the £240 & they've replied to say that they're prepared to wait to take payment of £285 on the 25th. That's helping in the short term but Not sure that's really going to help long term.

 

I'll update this thread in due course

 

Linda

Hi Linda,cancel them all,some of the lenders speak with forked tongues,tell you one thing then hoover your bank out with the worlds biggest hoovers.The 16th is not far away.Just in case.

Get back in control with them all.You do not have to contact them warn them,just cancel them first.

And i feel this is the time to add a little spice,good news.In a mo.

 

 

Controlled by Errol Damelin,the one who no matter how i try will not answer me,or take on a challenge.

They say we do not like surprises,well here is one for you.

 

 

WONGA LOAN----Borrowing £400 + interest & fees £127.15 = Total to repay £527.15 - For 30 Days

 

CREDIT UNION LOAN Borrowing £400 plus Interest& 8.93 = Total to repay 408.93- For 30 days

 

Now in London and Birmingham.Expected to go Nationwide.

Thread here,tell us if you join yours.

.http://www.consumeractiongroup.co.uk/forum/showthread.php?405703-Creditcredit-union-loans-comparison-hopefully-soon-to-go-nationwide-join-today.

 

Oh dear,do i see 35 million being transferred to Geneva,Mr Wonga,Planning something.

 

This news is surely going to destroy the Legal Loan Sharks.

 

Looking forward to your updates Linda.And when you take the letter insist,keep a copy get it signed.

Tawnyowl.

Edited October 13, 2013 by tawnyowl

[Tawnyowl]

Hi Linda.

Seems you are now back in control.Good news.

When you requested the CPAs stopping at the bank what did they say.

Were they happy doing this.Give you written confirmation.Or anything like that.A copy,a receipt anything at all.

A email perhaps saying this has been done.Just wondering.

As you now have another account anyway,they can no longer hoover your account out anyway.

Yes i would now be offering them what you can afford.Only what you can afford.After filling budget sheet in.

I know you have seen it before,but always handy to have nearby.

Here is a budget sheet,and some info for you to practice on.Only offer what you are comfortable with.

If they get funny,well tough,we will deal with them then.And never give them your new bank details.

Arrange to pay other way.

http://www.nationaldebtline.co.uk/en...t_advice.php#5

Edited October 19, 2013 by tawnyowl

[Tawnyowl]

Hi Linda.

I will look forward to your news.And feel relieved when the bank has said yes,your request has been completed.No further payments or attempts will be made to hoover your bank account out.

Some people have very little capital in the banks,most i suppose, and when the people ask to cancel a CPA and this is not carried out,all sorts of fees come in.Overdraft fees,no money in account fees,every kind of fee the greedy banks can muster.

I have lost all faith in the Banks and as soon as i can i am joining the Credit Union.

I feel the Banks could have brought products out to help people in towns and cities to compete with the sharks.

But decided not to.Possibly because they also are making plenty on the back of the problems out there.

Maybe even as community banking kicks in,will look into them as well.

Good luck tomorrow Linda, best to check, the alternative does not need thinking about.

A bit of a pain but worth it.

Look forward to your updates.

Bye for now.

Tawnyowl.

Edited October 20, 2013 by tawnyowl

[Tawnyowl]

This is my personal opinion.

As you are clearly getting to grips with your problems.

If you have filled it out and clearly left yourself enough to live on.And not given a offer that you may not afford in the future.

Why not.If they do not accept what is the worst that can happen.Passing it onto a DCA perhaps.

The offer till your finances improve will not change.

It is truthful and a honest statement of where you are at this time.

If they do not accept we will tell them this more firmly.

What else can any fair minded person do,but accept.

As i say this is my view only.Fair if you ask me.

But as said before do not give them your new bank details,pay another way.

If you need to know how just ask.

Good luck Linda i will be around,just shout if you want me.

Tawnyowl.

[Tawnyowl]

Hi Linda.

As they are unable to now take payments from your account due to hopefully cancelled CPAs and a new account just make them offers of what you can afford

Do you want me to compose a letter without the budget sheet.They will clear in time.If they add charges etc after the offer we will challenge them.No trouble at all to do a letter for you.In fact you do not have to mention the figure to me you can fill that in in private.