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paydayUK help

susieanne
susieanne Posts: 448 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Debt-free wannabe
I took out a payday loan with payday uk in November but i since lost my job therefore have been unable to pay . I get phone calls everyday from them several times a day . I have made a payment plan with them of £50 per week to clear my £400 rising debt but i cant afford £50 a week .

Anyway i got a text from them yesterday saying they can offer me a settlement figure if i call . They offered me to pay £350 to clear the debt then it came down to £300 to clear debt .

I havent got £300 yet as im not working but my question is if i get another job soon is this deal real ? or do you think i could get it lower .

I am abit wary of paying them £300 then 6 months down the line they want the rest . I am very wary because i have only defaulted for 3 months it seems very early for them to be offering me a settlement figure

Has anyone else manage a full & final early settlement with a payday loan company ?

Comments

  • snooty_fox
    snooty_fox Posts: 5 Forumite
    Hi Susieanne,

    There's a charity called Step Change Debt Charity which will give you FREE help and advice. They are very good. Somewhere on MSE they have a page of their own. Worth taking a look. Hope this helps.Good luck.:)
  • antonic
    antonic Posts: 1,983 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Thanks for the spam - reported !
  • wannabee_in_credit
    wannabee_in_credit Posts: 1,749 Forumite
    Part of the Furniture Combo Breaker
    Spam spam spam...
    Ninja Saving Turtle
  • susieanne
    susieanne Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Trust me get loads spam

    Thanks for the people who wanted to help but i still wondered if there were any of you out there who have done a settlement on a payday loan ?
  • snooty_fox
    snooty_fox Posts: 5 Forumite
    Hi. Did I do something wrong? Just seen the messages about spam. I'm quite new here but no way would I purposely post something I shouldn't. I was trying to help Susieanne and I know the charity I mentioned is genuine. I apologize if I have made a mistake. Hope someone will let me know.:(
  • nomunnofun
    nomunnofun Posts: 841 Forumite
    snooty_fox wrote: »
    Hi. Did I do something wrong? Just seen the messages about spam. I'm quite new here but no way would I purposely post something I shouldn't. I was trying to help Susieanne and I know the charity I mentioned is genuine. I apologize if I have made a mistake. Hope someone will let me know.:(


    I would also like to know as stepchange (formerly CCCS) come highly recommended as a non-fee charging debt charity.
  • UnionGirl
    UnionGirl Posts: 182 Forumite
    Don't worry about it. You can recommend the free charities.

    Someone will have posted details for a private company who charge though. These posts are removed when people report them as spam.
    As my Mum always said "Look after the pennies and the pounds will look after themselves"
  • DCFC79
    DCFC79 Posts: 40,649 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    susieanne wrote: »
    Trust me get loads spam

    Thanks for the people who wanted to help but i still wondered if there were any of you out there who have done a settlement on a payday loan ?

    What ever you do get it in writing, you dont want to pay the £300 then months later they want more from you.
  • susieanne
    susieanne Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Sorry snooty fox & nomonnofun i didnt mean you sorry for the mix up the post that i meant must have been deleted now so there not showing . There was a post basically advising me to take out another payday loan and a link to there website
This discussion has been closed.
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