QQ Flexcredit sending me under !

[glennyboy]

After years of financial grief I finally got myself in a position where I could breathe.

 

 

I took retirement from work and receive a modest pension, but am still six years short of the State pension.

 

I have had an absolutely awful year, with my other half getting breast cancer and all that entails,

keeping our car going and hundred mile round trips to hospital.

 

 

I ran short of money and I took out a loan with Quick Quid Flexcredit, and now owe them £1200.

 

 

I have used them occasionally for a few years , purely because my bank point blank wouldn't entertain me for a loan,

and I have always cleared the debt (at their huge interest rates)

 

Bottom line is I have absolutely run out of money and really cant afford the £453 instalment they want this month, on the 6th.

 

 

My priority is looking after my other half and keeping the roof over our head.

 

Can I tell them I am in trouble and ask to stop the debt interest mounting?

If I cancel the direct debit, would they accept a lesser sum each month?

 

 

To be honest, I am at my wits end.

I don't care about adverse entries on my file.

Its small beans compared to what we've dealt with this year.

 

Any help gratefully received

[renegadeimp]

Secure your bank account first so they cant touch your money, then write and tell them that you cant meet the repayment and you want a repayment plan. Draw up a realistic budget summary to back up your circumstances and dont let them dictate what they will be getting.

 

Be polite but to the point unless they start getting cocky.

 

There are templates in CAG's library to help you out.

[glennyboy]

Secure your bank account first so they cant touch your money, then write and tell them that you cant meet the repayment and you want a repayment plan. Draw up a realistic budget summary to back up your circumstances and dont let them dictate what they will be getting.

 

Be polite but to the point unless they start getting cocky.

 

There are templates in CAG's library to help you out.

I have checked the account and they are taking payments via debit card autopay. Any idea how I cancel that ?some of the stories on here are dreadful.

[renegadeimp]

Cancel the card and cancel the CPA that goes with it. http://www.consumeractiongroup.co.uk/forum/showthread.php?336569-How-to-remove-a-lender-s-continuous-payment-authority and http://www.consumeractiongroup.co.uk/forum/showthread.php?396982-New-payday-loan-survival-guide-by-mike-dailly-govan-law-centre.

[citizenB]

You haven't left yourself a great deal of time so email your bank with the cancellation instructions and if at all possible, speak to them as well.