Payday Loan

MR_SKINT_3

I have a loan with a Payday Loan Company and I am thinking of changing my bank details to prevent them from clearing out all my wages.

Would they clear out my wages if they somehow got details of my new account or is that illegal ?

Peelerfart

Is this Wednesday in disguise ?

Why don't you take a radical action and pay your loan off ?

MR_SKINT_3

Peeler - has anyone ever told you that you will never have piles ?

God made you a perfect !!!!!!.

paddyrg

No matter what, you owe the money. If you just change accounts, you will rack up extra charges and will face a trashed credit record and potentially a CCJ, etc. Running from these debts never makes things better

stqueen

MR_SKINT wrote: »

I have a loan with a Payday Loan Company and I am thinking of changing my bank details to prevent them from clearing out all my wages.

Would they clear out my wages if they somehow got details of my new account or is that illegal ?

I know very little about payday loans per se, but I suspect that by doing what you are thinking of doing, this will get you deeper and deeper in.

Act now, take action to clear the debt as quickly as possible and get it out of your hair :T

MR_SKINT_3

Paddy, you'll never have to worry about piles either.

Either answer my question or go back to munching on your tatties.

Apples2

MR_SKINT wrote: »

I have a loan with a Payday Loan Company and I am thinking of changing my bank details to prevent them from clearing out all my

They aren't your wages, you have already spent your wages by spending this loan.

The company whose money you are holding aren't just going to roll over and forget about it.
You will rapidly double what you currently owe, the longer you bury your head, the more it will cost you later on.

Have another look at your commitments, other bills can wait for now whilst you clear this payday loan.

MR_SKINT_3

Can anyone answer the question I asked on my opening post ?


Thank you

Apples2

Didn't it get answered the last time you were ducking from payday lenders in November?

https://forums.moneysavingexpert.com/discussion/comment/38879430#Comment_38879430

archer7

MR_SKINT wrote: »

Paddy, you'll never have to worry about piles either.

Either answer my question or go back to munching on your tatties.

What he said was also true. If you're gonna carry on like that, leave.

Else,

1) why did you take it out
2) why can't you pay it back

and we might be able to help you in ways you haven't thought of. Changing your account in a certain way is possible to stop the money being taken, but I don't like to give out that advice until I know the answers to those questions.

MR_SKINT_3

What is your purpose Apples ?????????????????