Payday Loan Help Needed

channel99

Hello all

I have to date avoided letter/emails/SMS/phone calls regarding 10 payday loans I now cannot pay in full or afford the rollovers.

I just need a bit of time to sort out what I can and can't pay. So I can at least make contact with them does anyone have a "interim" email/letter template wording I can use saying "I can't pay you, and you will have to wait while I sort out how/when/if I can pay you?

Is there a email/letter template I can use to stop them calling me at work/home/mobile/SMS and just deal with it via email? Am I allowed to request this?

Thanks in advance of any help/advice.

KingElvis

Wow, you have ten?

Anyway, you need to drop a few section down to the Debt Free Wannabe section, they have all the templates for this kind of thing there and they may be able to help you with your hideous mess.

Good luck.

Tixy

You could try this template - http://forums.moneysavingexpert.com/showpost.php?p=21937969&postcount=50

but with payday loans they will try to take the money anyway by any means they can despite your letter.
This also could be used http://forums.moneysavingexpert.com/showpost.php?p=11571485&postcount=4 but they can take up to a month to action this.

mrs_skint

channel99 - is there a possibility of closing your bank account and moving to another one? That way, no-one can get their hands on your money. You could then write to your creditors asking can you set up a payment plan.

Peelerfart

As a small aside and with no wish to go (too far) off topic, is 10 some kind of record or is there someone else who can "improve" on that ?

webuyanyhouse

hi Channel, each lender seems to have different tactics.. i would start by listing the lenders and then maybe other posters have had experience with how to deal with them? just an idea...

Ive_A_Horse_Outside

mrs_skint wrote: »

channel99 - is there a possibility of closing your bank account and moving to another one? That way, no-one can get their hands on your money. You could then write to your creditors asking can you set up a payment plan.

Who's money....?!?!

channel99

mrs_skint wrote: »

channel99 - is there a possibility of closing your bank account and moving to another one? That way, no-one can get their hands on your money. You could then write to your creditors asking can you set up a payment plan.

Thank you I have already opened a new "clean" bank account.

runninglea

how much in total do you owe?