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Help payday loan

HOLD
HOLD Posts: 1 Newbie
Hello.

I serious need help, I took out a loan with payday about three weeks and they still haven’t paid up, so I rang them up. They said they will put the money in tomorrow. But I no longer need the loan any more, and they are saying I can't cancel the loan. I’m getting it whether I like it or not? How can I stop the loan? Plz help

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    What payday loan company did you use?
    Have they said why they haven't paid it to you sooner? when you chased them previously did they also say then it would be in the next day after your call?
    Have you checked that nothing has been taken out your bank account?
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • DarnIt_3
    DarnIt_3 Posts: 294 Forumite
    Absolutely. CANCEL!
    Write to them, email them phone them! If they still put the money in return it right away!

    Well done on not needing them :)
    29th June -Beginning Credit Score 422 :( £2575
    12th July - Credit score 471 :p
    22nd August - Credit Score 550 :p Still very poor just but only just!
    Remaining to pay off: £1370.95
  • malcolmffc
    malcolmffc Posts: 339 Forumite
    If you don't need, just pay it back immediately
  • iluvmarmite
    iluvmarmite Posts: 589 Forumite
    As soon as the money hits your account give it straight back to them, you can usualy make a payment on line, if you keep it in your account for more than a day they will start charging you interest so try and pay it back on the day you get it.
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