Quick Quid

We_Are_The_Mods

After a bit of advice please folks, not sure if here is the right place.

My sister is really testing my mum's limits of unconditional love at present, so I thought I'd try and find something out to ease her mind a bit, sorry if it's a long post.

Does Quick Quid operate the same as any other unsecured lender? only it seems my sister has borrowed from them and has now twice defaulted on repayments. She doesn't know that we know as my Mum opened the letter as it was marked "Quick Quid - Urgent".

She's a 19 year old bone idle WAG wannabe that thinks money is easy come easy go, she will lie through her teeth to anyone as long as there's a quid in it, after all, she obviously thinks she's entitled to it.

She worked on and off through the summer doing basic shop assistant work (sacked from most of them for poor performance) and earned about £3k, now she doesn't have a penny so she decided to go back to college in September to complete a child care course that she'd started before ditching it.

It now seems that she's borrowed an unknown amount from Quick Quid without any intention of paying it back, now I recently went through bankruptcy myself due to job loss so I know the tricks for keeping them at bay short term, but I'm inclined to keep my nose out so they carry on and end up filing for a CCJ so that her credit rating is shot, at least then she won't be able to borrow more money.

So do I waste my time and effort educating her about what letters to send and who to, in the hope that she can offer them £1 p/m until it's paid back? or just let her get on with it?

What I don't want to happen is my Mum's rating to suffer, as she's a responsible borrower and has no problem working and paying her way, will the fact my sister has the same address affect my Mum in any way?

Please don't think my Mum is a bad parent, she has raised us both impeccably, it just seems my sister is a born wrong 'un and doesn't really care about consequences.

Thanks in advance for any tips

avinitinatt

Personally I feel she needs some good advice, and your probably the best person for that, give her the information she needs. Print her out some sample letters, give her a budgeting spreadsheet to fill in or some phone numbers. Don't do anything for her, if you bail her out in this way, she will just repeat those mistakes over and over, and you will end up doing it time and time again.

Trust me, as a previous wannabe WAG, shopping queen, I didn't learn until the ATMs starting eating my plastic

Good luck

Lis

confused76

hi there
Quick Quid i think are what is known as a payday loan. basically the loan is 'meant' to be a short term extremely high interest loan, their justification in the high interest is that it should be paid back the following month eg at pay day. i despise these things...

i think they are the same as any other unsecured loan, but your sister will be racking up an awful lot of interest.

you might find more info on them on the deft free wannabe board or the loans board

good luck!

We_Are_The_Mods

avinitinatt wrote: »

Personally I feel she needs some good advice, and your probably the best person for that, give her the information she needs. Print her out some sample letters, give her a budgeting spreadsheet to fill in or some phone numbers. Don't do anything for her, if you bail her out in this way, she will just repeat those mistakes over and over, and you will end up doing it time and time again.

Trust me, as a previous wannabe WAG, shopping queen, I didn't learn until the ATMs starting eating my plastic

Good luck

Lis

Thanks, thing is though she's had endless advice from everyone. She is the most stubborn person I've ever met, I could give her personal advice from Martin Lewis himself and she'd still only do what she wanted, or "what my mate sez"

We at our wits end, she didn't even have a £1 coin to catch the bus this morning. I washed my hands of her months ago I'm basically asking for my Mum and my concern regarding her credit rating and welfare.

confused76

it should only affect her credit rating and not your mothers, unless they are financially associated eg joint bank account etc

your mum could get her credit report from one of the credit agencies and check if there is an association

We_Are_The_Mods

confused76 wrote: »

it should only affect her credit rating and not your mothers, unless they are financially associated eg joint bank account etc

your mum could get her credit report from one of the credit agencies and check if there is an association

Thanks very much, she will be very relieved to hear that, although she does have 3 mobile on her back because my sister ran up a ridiculous bill on her mobile whose contract is in my mum's name, so we'll have to sort that.

now

We_Are_The_Mods wrote: »

After a bit of advice please folks, not sure if here is the right place.

My sister is really testing my mum's limits of unconditional love at present, so I thought I'd try and find something out to ease her mind a bit, sorry if it's a long post.

Does Quick Quid operate the same as any other unsecured lender? only it seems my sister has borrowed from them and has now twice defaulted on repayments. She doesn't know that we know as my Mum opened the letter as it was marked "Quick Quid - Urgent".

She's a 19 year old bone idle WAG wannabe that thinks money is easy come easy go, she will lie through her teeth to anyone as long as there's a quid in it, after all, she obviously thinks she's entitled to it.

She worked on and off through the summer doing basic shop assistant work (sacked from most of them for poor performance) and earned about £3k, now she doesn't have a penny so she decided to go back to college in September to complete a child care course that she'd started before ditching it.

It now seems that she's borrowed an unknown amount from Quick Quid without any intention of paying it back, now I recently went through bankruptcy myself due to job loss so I know the tricks for keeping them at bay short term, but I'm inclined to keep my nose out so they carry on and end up filing for a CCJ so that her credit rating is shot, at least then she won't be able to borrow more money.

So do I waste my time and effort educating her about what letters to send and who to, in the hope that she can offer them £1 p/m until it's paid back? or just let her get on with it?

What I don't want to happen is my Mum's rating to suffer, as she's a responsible borrower and has no problem working and paying her way, will the fact my sister has the same address affect my Mum in any way?

Please don't think my Mum is a bad parent, she has raised us both impeccably, it just seems my sister is a born wrong 'un and doesn't really care about consequences.

Thanks in advance for any tips

I am BR and ended up here due to trying myy hardest to keep a company afloat, I understand, like you what it is like to be BR,, however it sounds like she will never learn from her mistakes. My brothers x was just like her, I lent her money (even though I was juggling my own around) never to see a penny back. worst thing was I cleared her debts one day (added them to mine in a stupid way I guess) only for her to get her wages and go back out on a spending spree :mad: I stopped the DCA's going to her door only for her to turn up and show me what she had bought! So If it was me I would point her in the direction of CAB and tell her to listen to what they have to say, you can lead a horse to water but you can't make it drink:o

If she wants to be helped she will thank you and mend her ways if she don't then I am affraid no amount of ear bending will change her. I tried to help my her but nothing I could do would help them so I walked away a little bitter as they componded my problems

josie836

Forget the unconditional love and try a bit of tough love. Let her take the consequences for her actions as it sounds as though she couldn't give a toss for any advice if it contradicts what she wants to do. I have a friend who has continually bailed out her sons and they have not learned anything from their actions other than that mum will come to the rescue. The hardest thing is to stand back and watch the s### hit the fan but it is the only way that she will learn.

mightyroberto

josie836 wrote: »

Forget the unconditional love and try a bit of tough love. Let her take the consequences for her actions as it sounds as though she couldn't give a toss for any advice if it contradicts what she wants to do. I have a friend who has continually bailed out her sons and they have not learned anything from their actions other than that mum will come to the rescue. The hardest thing is to stand back and watch the s### hit the fan but it is the only way that she will learn.

I completely agree. Thinking back to when i was 19 i thought I was bullet proof. When it came to having advice given to me i certainly was as nothing got through. I say you're mother and you should take a few steps back, help her emotionally when the proverbial hits the fan but as for anything else there's only one way she'll learn. The only thing that worries me is that the likes of quick quid, as far as i am concerned, are no better than sharks. Just watch that she doesn't seek alternative sharks