pay day loans help needed t sort out life

[janes]

Hi

after several years of depression and spiral debts I now want to sort out my pay day debts.

I am currently with Pay plan but currently repayment will mean I am 80 before debt free.

 

 

Looking for advice to get debts reduced due to irresponsible lending.

I am not trying to get out of the debts just reduce interest they currently have charged

 

Quick Quid after 8 roll overs borrowed £750 paid £269 Currently with Arc still owe £1107

 

Swift borrowed £150 now with CCM paid £72 still owe £265

 

pay day express after several rollovers borrowed 750 still owe 1200

 

Nat west went overdrawn by £10 charged me £250 in bank charges

 

Lending stream took out 4 loans 750 in total charged £2000 reduced to 1600

 

Most were irresponsible as they loaned money even though I had defaulted on a a payday loan

 

 

Lending stream I defaulted and they still allowed to take another loan.

 

 

They also went to my account 44 times one night and each time tried to take £5.00 till the bank stopped after 4th attempt

 

How do I start to ask these companies to take off interest.

 

 

My memory regarding the loans is a little sketchy as I was suffering from depression and don't even know if I took all them out

[fkofilee]

Complain to Natwest for a start, they may have a 1 time offer to remove charges.

 

Also move your bank account to another non associated provider. Reason being is because you dont want them to poach your money without you even knowing. (If you cancel your DMP then that will happen)

44 Times?!?!?!? When was this?

 

You could potentially have them as they are only allowed to use CPA TWICE!!!

[janes]

Hi

 

Thanks for reply.

 

 

I have complained to Nat west on phone only so I might try a letter.

They refused to accept a payment plan so the charges just escalated until I joined payplan.

 

Lending stream were the payday loan that used my debit card to take money out when I missed a payment.

 

 

I borrowed $800 over 4 loans and have paid back over £750

they agreed to write off £600 and I still owe over a £1000.

They were the company that went to my account and tried to take £5.00 out 44 times until the bank stopped them.

I have moved account.

 

Just wondering if I get these people to reduce the interest they are charging

[Bazooka Boo]

Open a new bank account ASAP, with a different banking group.

 

Pay Natwest the ten pounds you went overdrawn, then ignore them.

They WILL NOT take you to court for a debt made up solely of their penalty fees!

 

Have you told these loan sharks, in writing, that you cannot meet the payments?

If not do so, and you need to demand that they stop interest and charges on these accounts, or you will be forced to pay them off at a £1 a month for the life of the debt.

 

Whilst payplan are good, they will not ensure that these lot have the legal rights to make you pay.

 

There is clearly irresponsible lending here, and this avenue should be looked into and exhausted.

 

How many and who are your creditors?

What is the state of play with each of these accounts?

Have you defaulted on them and have they sent you any default notices?

[fkofilee]

RBS Group are currently not entered into any debt sale agreements.

So court wont happen for now.

 

Follow BBs advice. I would advise the same.

[janes]

Thanks for advice.

Now complained to RBS and lending stream.

 

 

I have told lending stream i will complain to FOS as they gave me 2 more loans even though I had missed payments on one .

 

 

They raided my account on several occasions and took out money without telling me.

At the time I was suffering from depression and may sound ridiculous but did not even think of changing banks.

I did not know I could stop them by contacting the bank.

I ended up borrowing more from payday loans just to buy food after they raided my account.

 

I have already paid back what I borrowed but payment plan of £20.00 a month means I will have to keep paying for another 5 years because of the interest!!

I know I sound really stupid was I was just getting over cancer and having a mastectomy and ended up gambling which spiraled out of control.

 

Now gambling free and just want to sort out debts. but not by giving into these leeches who have robbed me of everything including my dignity

 

RBS passed my dept on to triton who phoned me regularly telling me if did not repay the £4000 I owed they would put a lean on my house.

One night they told me I would have to borrow the money from someone else or they would start legal proceedings and bailiffs would be sent

 

I had a PPI case RBS they told me they would settle for £2000 but would have to drop PPi case.

As I did not how much I would get I said no.

I finally got £2500 from RBS and then this year some money for fraud online protection charges.

However they would not refund all money only went back 7 years.

 

I have contacted them and said I want the remaining £700 written off and compensation for the way I have been treated.

I feel after the money they have had to repay I did not actually owe them anything.

They have returned late payments etc. and if they had returned the fraud online charges for the actual 12 years I had been paying I would be in credit

[fkofilee]

Well thats some good news!

Triton are RBS in sheep's Clothing. Trust me, I know this!

 

Shame you didnt record these calls, the FCA would have had a field day with them.

Dont worry about Triton

 

They wont do anything! There are harmless. RBS isnt currently in Debt Sale so chances are it wont go anywhere for now. Why not complain to the execs?

[janes]

Thanks

 

Currently with payplan could not take the stress of constant phone calls and letters

but want to also now take control and not just roll over.

I have paid back more than I borrowed to Lending stream and feel enough is enough.

 

As RBS if I do not hear anything this week i will contact FOS, they had to get involved to get back my PPI.

[renegadeimp]

Also, if they're not stopping interest, drop them to £1 a month until they do

[janes]

Thanks contacted FOS regarding Lending stream and they said they would contact the company.

 

 

I also complained to lending stream who said they would investigate.

 

 

Hopefully they will write off the remaining balances as I have already paid them back what I borrowed and interest and this just more interest,

[declan1992]

Try a dmp?

[Bazooka Boo]

Try a dmp?

 

For what? The OP doesn't owe anything?

[janes]

Hi

Thanks for all advice I am currently in DMP .

Lending stream have reduce one loan so now owe only around 1400.

However i have paid back more than I borrowed.

So currently emailling them on a daily basis with proof their lending was irresponsible.

They said I had a credit score of 600 but at the time I had 10 defaults over 4 months in arrears with mortgage and defaulted on a payday loan.

I do not want all the money back just the interest I have been charged.

 

Natwest are sticking by guns however their letter contains some interesting statement that I would like help on

 

I can confirm that once your account was passed to Trition credit due to breaching terms and conditions your balance became legally due in full.

Trition provided you with the correct information that the balance was due in full immediately legal proceedings could be take against you to recover the debt.

It was their process at this time to ask customers if they ware able to borrow funds form elsewhere

and they were able to offer settlement figure.

( They did not offered settlement just told me to pay the amount)

They had froze the interest so why would I borrow and incur more debt?

 

PPI and CPP are both external insurance companies and not part of Natwest.

I am sorry therefore I am unable to provide you with a breakdown of how your payments were made up.

I enclose statements from when your PPI was refunded.

 

They only have to go through my statements and add up how much they debited for PPi and CPI.

Now I guess I will have to pay £10 for copies of all statements to show they did not give me a full refund

 

Any help on reply to them would be gratefully appreciated

[Bazooka Boo]

I hope the DMP isn't a fee paying one?

[citizenB]

A Subject Access Request will cost you £10.00 and the bank will have to provide you with all the data they have in respect of your financial history with them ?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387306-Full-Subject-Access-Request-**Updated-January-2015**

 

It might also provide the information you require for the card protection premiums.

[janes]

Success quick quid wrote off debt and gave £150 for trouble was not expecting that

Waged day advance refunded all interest

Nasty west wrote off bank charges £453

Halifax wrote off ban charges £330

Lending stream now with fos

Rbs refuse to budge asking for statements so I can check correct amount paid

D back for poi and fraud insurance

 

Tx for support

[citizenB]

Well now, that is very good news for the most part.

 

In respect of RBS, have you sent them a Subject Access Request - yes, it will cost you £10.00 however, it should provide the information you required.

 

You could of course make a formal complaint to their Head/Registered office and then escalate to the Ombudsman if you don't receive a satisfactory response.