Help required!!

[JENFER2662]

Hi, I'm new to this group but really need some help I've fallen trap of the Payday loans and don't know which way to turn!

 

I've taken out 3 in the space of 2 weeks but really can not afford to clear them, my husband knows nothing about them - problem no. 1!!!

 

I'm going to contact each one to offer a repayment plan but judging from your threads this doesn't always work!!

If I cancel my card at the bank will they still be able to take money out by other means??

 

I have every intention of paying them but just got myself in too deep at the moment, rolling the interest over isn't an option just genuinely can not afford to pay them this side of Xmas.

 

The lenders are Peachy, Cash Genie and Swift Sterling.

 

Any help would be greatly appreciated, I'm tearing my hair out and am virtually bald

[scotgal68]

Ring up your bank and report your card as lost NOW! That's my advice, others will be along to advise on the ins and outs of paying the lenders back xx

[JENFER2662]

Ring up your bank and report your card as lost NOW! That's my advice, others will be along to advise on the ins and outs of paying the lenders back xx

That's what I was going to do, I can pay one this week but it's the other 2 I have no means to clear them this side of Xmas. Thanks for your reply xx

[scotgal68]

I wouldn't leave myself short tbh, don't pay them if it's a struggle, there are loads of posts on here giving advice what to do and how to deal with the PDLs x

Good luck - get some breathing space now x

[renegadeimp]

Tell your bank you want a new card, AND you want the CPA's cancelled on your card. Either put it in writing, or get confirmation in writing. Just Cancelling your card will NOT work.

 

Once your finances are secure, enter into a repayment plan. You do NOT have to pay them off in one go if you cant afford it, even though the PDL's will say otherwise.

[JENFER2662]

Tell your bank you want a new card, AND you want the CPA's cancelled on your card. Either put it in writing, or get confirmation in writing. Just Cancelling your card will NOT work.

 

Once your finances are secure, enter into a repayment plan. You do NOT have to pay them off in one go if you cant afford it, even though the PDL's will say otherwise.

 

Can they take the money by other means if I've cancelled the cards then??

[JENFER2662]

I wouldn't leave myself short tbh, don't pay them if it's a struggle, there are loads of posts on here giving advice what to do and how to deal with the PDLs x

Good luck - get some breathing space now x

 

Thank you, feel so stupid going to them. It's been a struggle as my husband has been out of work xx

[renegadeimp]

Can they take the money by other means if I've cancelled the cards then??

 

Yes. Thats why you must cancel the CPA on the account for each PDL.

[JENFER2662]

Yes. Thats why you must cancel the CPA on the account for each PDL.

 

I have only been able to cancel the CPA on 2 of the loans as they have previously been paid from my account. I have to wait until I make an actual payment to the third company before my bank will help me - is this correct?? I have contacted all 3 companies, Cash Genie have been by far the most helpful. Peachy and Swift Sterling I had to email and am still awaiting a reply. Can someone please advise if this is correct about the CPA, my bank dealt with this with no questions but I am still concerned. I have cancelled my card too.

[JENFER2662]

I have only been able to cancel the CPA on 2 of the loans as they have previously been paid from my account. I have to wait until I make an actual payment to the third company before my bank will help me - is this correct?? I have contacted all 3 companies, Cash Genie have been by far the most helpful. Peachy and Swift Sterling I had to email and am still awaiting a reply. Can someone please advise if this is correct about the CPA, my bank dealt with this with no questions but I am still concerned. I have cancelled my card too.

. Just had a response from peachy, these guys are the only ones being complete a@@@@@@s!!

[renegadeimp]

I have only been able to cancel the CPA on 2 of the loans as they have previously been paid from my account. I have to wait until I make an actual payment to the third company before my bank will help me - is this correct?? I have contacted all 3 companies, Cash Genie have been by far the most helpful. Peachy and Swift Sterling I had to email and am still awaiting a reply. Can someone please advise if this is correct about the CPA, my bank dealt with this with no questions but I am still concerned. I have cancelled my card too.

 

No its not correct. Your bank can block the transactions completely before they happen.

[manontheweb]

I would say best to be safe than sorry and get a new bank account for your wages to be paid into. You can get an easy cash account from halifax with no credit check and no overdraft. Telling your bank not to pay the CPA's does not always work.

[renegadeimp]

Stay away from halifax if you have issues with PDL's. Faaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaar away.

[renegadeimp]

Telling your bank not to pay the CPA's does not always work.

 

Under UK law, the bank MUST comply. If they dont, then they are in serious trouble and must refund the account holder AND revert the account back to how it was before the transaction. They also have to pay any charges accrued on the account as a result of their failure to comply.

[manontheweb]

Count how many times on this forum that someone has told their bank to cancel the CPA and yet the money still got taken out of their account... and if you can claim it back how long does that take, and what do you do in the mean time while you have no money?

And as far as I know there is nothing wrong with Halifax and PDL's, as I currently have both.

[renegadeimp]

You can get it back instantly. You just need to keep pushing higher and higher and make sure you note names and numbers. Remember, every single employee that says no can be called as a witness in any legal action you may take. They can even be named as co-defendants if they have issued a point blank refusal contrary to the regulations.

 

The problem people on this forum have, is that they dont know their rights and have no clue what to do when something like this happens. That is of course, why they are on CAG in the first place.

[manontheweb]

I jut think it removes any chance of it happening if you open a new bank account. And then do not ever take out another pay day loan!

[Stupidstupidgirl!!!]

I've been in the same situation with PDLS! Worried that much that I can't sleep!! Couldn't tell my husband as he would go mad! I contacted swift sterling today by phone advising that I couldn't pay my loan back at the end of the month! They were no help at all!! I emailed and emailed them all day with a repayment plan thinking they wouldn't agree to it! To my amazement they AGREED TO A PAYMENT PLAN ON MY TERMS. Agreed not to contact me by phone, email contact only. All collections activities have ceased they have even given me their bank details to repay by standing order!! I'm amazed- can't stop smiling as I feel quite victorious!!! My advice is stick to your guns and you will win!!! Good luck! X

[manontheweb]

Well done!

[sassy16]

Do you have the bank details to hand please?

 

I've been in the same situation with PDLS! Worried that much that I can't sleep!! Couldn't tell my husband as he would go mad! I contacted swift sterling today by phone advising that I couldn't pay my loan back at the end of the month! They were no help at all!! I emailed and emailed them all day with a repayment plan thinking they wouldn't agree to it! To my amazement they AGREED TO A PAYMENT PLAN ON MY TERMS. Agreed not to contact me by phone, email contact only. All collections activities have ceased they have even given me their bank details to repay by standing order!! I'm amazed- can't stop smiling as I feel quite victorious!!! My advice is stick to your guns and you will win!!! Good luck! X