LDJ's quest to get rid of my payday loans thread

LDJ2009

Sorry it's been a while - had a horrible flu-ey bug type thing

No emails/phone calls - nothing from PTP or QQ

I'm going to put away as much as i can from the sale of the car to clear these two loans - i managed to get the sale price of the car up to £5100 so that's helped a bit more.

I've also sold some items on Ebay and got rid of some old jewellery i haven't worn for years and managed to raise another £260 towards it so that will clear one or two of the smaller loans.

Really, really nervous about the lack of calls etc. I did change my phone numbers on both websites before i got into problems but thought that wouldn't work as they had the numbers on the original application.

I'm hoping QQ and PTP will offer reduced full and final settlements before they go to the DCA, that way, i should be able to clear the bulk of the loans.

I've also been keeping an eye on my credit file and there are no entries for any of the payday loans so fingers crossed.

LDJ2009

Text message from PTP today telling me that the debt is due to be passed to a DCA next week so it's in my interest to pay.

Still nothing from QQ

Feeling really nervous about it all now - fingers crossed i can still sell the car as i have been reading up to PTP and QQ and if the car sale falls through, i'm in trouble :eek:

Insomniac666

LDJ2009 wrote: »

Text message from PTP today telling me that the debt is due to be passed to a DCA next week so it's in my interest to pay.

Still nothing from QQ

Feeling really nervous about it all now - fingers crossed i can still sell the car as i have been reading up to PTP and QQ and if the car sale falls through, i'm in trouble :eek:

Hi there,

my PTP was passed to DCA called Clarity Credit Management, i received an email off them on Monday i think, they asked for a contact number and a pay proposal and I said no number just email and offered £30 p/m on a £770 debt, i recieved an email today saying that's fine do i want topay by DD or card and a choice of dates. good luck

GeorgeUK

Don't set up a DD. Standing orders are okay, but DCA's have been known to take alot more than they are supposed to from a DD.

LDJ2009

Thanks for the replies, i'm very grateful for the support

Insomniac, your post makes me feel a bit more optimistic that i'll be able to agree something with Clarity.... will update the thread when i hear from them. I owe £450 plus charges/interest to PTP.

Quickquid are my next obstacle - i've been putting £40 a month away so by the time i hear from the DCA ( i think it's about 90 days before they pass the account to the DCA) hopefully, i'll have some money towards what i owe (£600 plus interest/charges)

The involvement with the DCA's are making me so nervous as i haven't got the energy to fight them

Insomniac666

fingers crossed you'll be able to get a deal low as you can comfortably afford like i did

ajberry

LDJ2009 wrote: »

Thanks for the replies, i'm very grateful for the support

Insomniac, your post makes me feel a bit more optimistic that i'll be able to agree something with Clarity.... will update the thread when i hear from them. I owe £450 plus charges/interest to PTP.

Quickquid are my next obstacle - i've been putting £40 a month away so by the time i hear from the DCA ( i think it's about 90 days before they pass the account to the DCA) hopefully, i'll have some money towards what i owe (£600 plus interest/charges)

The involvement with the DCA's are making me so nervous as i haven't got the energy to fight them

DCA's are more open to repayment plans than Payday companies. They will of course, push for you to pay more and more each time, but they are more likely to accept a payment plan from you.

Just be honest with them and pay it off as you can afford, and all will be ok

LDJ2009

HELP !

Blimmin' Quickquid have emailed me today to say they are going to try to debit my account on the 30th for the full balance £600 + £150 interest and if they can't take a full payment, they'll try two part payments.

The balance was £675 as i was sent a birthday discount code that reduced the finance charge to £75 on the original loan but they've also put a new loan on my account for the full £750 as the one i have defaulted on shows on my loan history as a default.

The new loan was issued on the 30th October for the full balance with this (below) on the contract.

8. Signature Box

This is a Credit Agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legally bound by its terms.
Signature(s) of Debtor(s):

My name

My Address


I AGREE: X
01:14 AM on 30 October 2009


(*** VERIFIED ****)

I didn't apply for this and 100% didn't sign it electronically as it was the 28th October that i contacted them to say i was having problems.

They also searched my credit file on the 4/11/09

What do i do now ? i'm so angry that they have done this

Verbatim

Open a new bank account and make sure your salary is paid into the new account unless you can cancel the DD on your existing account? I bank with FD and have online banking and can do this online. If you have to set up a new account and have other debts make sure it's with a bank that has no connection with your other creditors so they can't help themselves too.

Insomniac666

LDJ2009 wrote: »

HELP !

Blimmin' Quickquid have emailed me today to say they are going to try to debit my account on the 30th for the full balance £600 + £150 interest and if they can't take a full payment, they'll try two part payments.

The balance was £675 as i was sent a birthday discount code that reduced the finance charge to £75 on the original loan but they've also put a new loan on my account for the full £750 as the one i have defaulted on shows on my loan history as a default.

The new loan was issued on the 30th October for the full balance with this (below) on the contract.

8. Signature Box

This is a Credit Agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legally bound by its terms.
Signature(s) of Debtor(s):

My name

My Address


I AGREE: X
01:14 AM on 30 October 2009


(*** VERIFIED ****)

I didn't apply for this and 100% didn't sign it electronically as it was the 28th October that i contacted them to say i was having problems.

They also searched my credit file on the 4/11/09

What do i do now ? i'm so angry that they have done this

Do they deduct via your bank card or DD? my loan companies take from card, so you could cancel card if that's the case?