pay day loan defaults

sillygirl10

Hi everyone

i just wanyed to let you know i had good success with payment plans with wonga. quick quid and tooth fairy fianance. the day i defaulted on all these which i meant too as i cancelled my card, i sent them an email and they all replied within 24 hours agreeing with the plan.

I was really worried about doing this as i thot it would go to experian, but it wont as i have dealt with it straight away.

I just wanted to let people know to deal with it straight away, i never answered there calls just done it all through email.

It was my fault that this happened hence then name, but the pay day loans arent that bad to get to agree to plans, they have even freezed the interest!!!

was very easy in the end.

the_insider

I think you'll find that they will update all the CRAs very shortly and you will have three defaults which will trash your credit rating for 6 years. But it might be a good thing if you've found yourself in this situation!!

Congratulations on getting them to accept a payment plan.

McKneff

You will, unfortunately, still have defaults, they will pop up shortly but they will have 'settled' against them.

They will be there for 6 years, sorry to burst your bubble.

sillygirl10

i asked them to not put defaults on my file, and they said aslong as i stick to agreement plan, then it will not happen, think it may be because i never left it hanging and dealt with staright away.

thanks for advice though

fbs_4800

I got in the schtum with them all in 2008 - late payments, payment plans - failed on them etc over a few months before EVENTUALLY sorting my life out and paying them all.

I was a customer of QQ for MONTHS before hand and they made hundreds out of me - in the end they settled up for just over half of what I owed them.

As it was - there's not a single entry on Experian or Equifax regarding any of them - late payments or defaults.

Maybe I was lucky or maybe they just get their money and knock it on the head?