Why do you bother to ask??

iluvmarmite

When you have had a payday loan and get into trouble through no fault of your own and worry about paying them back, why bother coming on here to ask for help or advice? All you will get is a load of sarcastic comments and derogatory remarks about how stupid you are for getting a loan in the first place, how pathetic you are for trying to get out of paying, (which you are not by the way you have just fallen on hard times and cant pay all at once) and how the pay day loan company will "bring you down":rotfl:

When someone comes looking for advice on a forum its because they are desparate, hoping to find some friendly person willing to help, and of course that does happen occasionaly but most of the time its the same old people offering their sarcastic holier than thou comments, as if they have never done a thing wrong in their lives.

A payday company will not bring you down, thats a stupid thing to say, they are not above the law, if they cant get money from you then it will go to a debt collector who will accept a payment plan, if they ask too much and you cant pay it will then go to court and a judge will accept what you have offered in the first place, as long as you can prove thats all you can pay.

A payday company is not allowed to clear your account and leave you penniless, if they do that then you go to the oft and they will ask them to return a portion of the money, if its benefits money then they have to return ALL of it, they are not allowed to leave you without the funds to feed yourself and pay vital bills.

Canceling your debit card could stop them taking money, its stopped them taking a single penny from me because my bank would not authorise any payments from a card no longer in use as its invalid, some will say they can take payments from a canceled card if a recurring payment plan was set up, a lot of banks will dispute that a payday loan is a recurring payment as you sign a contract to make ONE SINGLE payment, not several over years or months as you would a loan.

RichGold

A good proportion of the people that receive derogatory comments are realising that they have hit rock bottom in the lending stakes (when that realisation would have come to any other person a long time ago) and are trying to find a way of not paying back what they owe.
No.1 today
https://forums.moneysavingexpert.com/discussion/3396642
No.2 today
https://forums.moneysavingexpert.com/discussion/3395918

Seriously, you cant be sticking up for these people?

iluvmarmite

I have been in the payday loan trap twice and not been able to pay it back so I know what its like for most people, when you take out a loan you dont do it with the intention of not paying it back, which is what some replies seem to infer and thats just not fair

Peelerfart

It's sometimes good to get someone else's perspective on things and that,to me is what a forum is for.

But has already been said,

"Seriously, you cant be sticking up for these people?"

CH27

People are told the truth about the payday loan companies.
They are also advised how to deal with.

The advice is sound. Not our fault if they don't want to listen to the truth.

iluvmarmite

I created a post due to the number of horrible comment people get, if thats sticking up for these people then yes I am.

Tixy

A lot of people who post on the loans board that are having difficulties paying payday loans or getting pdl companies to agree to repayments get pointed to the DFW board and specifically to the thread written by saltnvinegar on dealing with payday loans companies and to the debt charities.

Whilst you may say that the pdl companies cannot take benefit money from a bank account this is not the reality. They physically can and do take people's income/benefits and clear out their accounts - it happens a lot. The debtor may be able to get the benefit money back and may be able to use their first right of appropriation with the bank but these things take time to deal with and in the meantime people do find that they are near penniless and unable to buy food/pay priority debts etc. Going to the OFT would not help an individual either, all the OFT will do is gather evidence of it happening a lot and then clamp down on the companies in the future or consider restricting or revoking their licence.

Most people who post in genuine need are advised to move their money to a new bank account not just cancel a card (as many pdl companies now can take money direct from the account not via the card). Lots of evidence of this happening regardless of whether anyone argues that it should or not.

BUT

When people post to say they don't have any intention of trying to pay back their loans, or that they are looking for a way out of paying their debts as opposed to looking for a way to pay back at an affordable rate then no they are not going to get much help on this board, or probably other parts of the forum either.

People are not vilified for taking out payday loans, or even for not being able to afford repayments due to a change in circumtances. It is the attitude of some people who post trying to get out of repaying their loans at all that generally gets some of the regular posters annoyed.

Apples2

iluvmarmite wrote: »

When you have had a payday loan and get into trouble through no fault of your own and worry about paying them back,

That's the problem FAR too many people are taking them out in the clear knowledge they cannot repay it.
Even in a redundancy situation, there is still a final paypacket coming.

How to sooooo many people have this "no fault of their own" change of circumstance in such a short space of time?

The only people sticking up for those people...... are those people.


The Board is about becoming financially stable by finding ways to manage money properly, NOT to find a childlike way of wriggling out of responsibility.

KingElvis

The people in genuine need I point to the DFW board, where they can get some help.

But when I read of people taking them for frivolous reasons and then come on here boasting about not paying it back, well then I tell them straight.

The best one is still the payday loan to attend a stag night...I mean really?

RichGold

iluvmarmite wrote: »

if thats sticking up for these people then yes I am.

No offence intended.....

If you are sticking up for people, for example the people in the two threads i posted above, both examples from today, then you may have to consider the possibility that you yourself are wrong.

These 2 peoples attitudes are reprehensible. One wants to keep £117 simply as wonga payed £33 less then he asked them to lend him, and the other says "Sod em!, I'll pay back when I feel like it. If you've got a problem with that, come and say it to my face!"
I feel no sorrow for them at all.

KingElvis

RichGold wrote: »

No offence intended.....

If you are sticking up for people, for example the people in the two threads i posted above, both examples from today, then you may have to consider the possibility that you yourself are wrong.

These 2 peoples attitudes are reprehensible. One wants to keep £117 simply as wonga payed £33 less then he asked them to lend him, and the other says "Sod em!, I'll pay back when I feel like it. If you've got a problem with that, come and say it to my face!"
I feel no sorrow for them at all.

I feel sorrow for them, especially the lovely Chris....he had style, poise, elan and so many other qualities.

He's out there now in his " 11 reg Golf ", being angry, putting people in their funeralzzz and being pursued down the road by loan sharks.

God bless them both.