Digging out of the payday loan trap

JustinCredibleGillespie

Thats great news!

Well done

JCG

xx

Sassyloco

Morning all and Happy Friday

Well, today is D-Day (Default day ). All of my remaining loans have defaulted this morning. I have had two calls (at work) from two companies, 4 texts and emails off the rest... oh and there are 3 missed calls on my mobile and 2 voicemails!

All my emails have been sent offering payment plans and I am now (rather impatiently) just playing the waiting game. I have managed to raise £92.00 so far from Ebay so decided last night to use paypal to pay off 247 Moneybox as it's only a little debt and it's one less company to deal with. They have been sent their payment this morning

I will update you as the emails come in

x

skp10

Good luck and stand firm with your offers

Sassyloco

Just a quick recap of offers made and state of accounts as of today:

Wonga - £861.79 offered £72.00 (to a max of £144.00)
Payday UK - £250.00 offered £20.00 (to a max of £41.00)
Payday Express - £200.00 offered £20.00 (to a max of £33.00)
TxtLoan - £117.00 offered £10.00 - Accepted
Quickquid - £525.00 offered £40.00 (to a max of £87.50)
OneMonthLoan - £292.50 offered £30.00 - Accepted
WagedayAdvance - £250.00 £41.00 (defaults 30.11.11)
[STRIKE]247 Moneybox - £80.00 £13.00[/STRIKE] :j

Those in red are still in negotiation/waiting to hear back - the ones in blue have been accepted

ampafc

Good luck with this. Having been in a similar situation myself, I can tell you that payday Express will almost certainly be the most difficult company to agree a plan with.

When you get yourself out of this trouble NEVER take a payday loan out again. Good luck.

Sassyloco

Hi all

It's been quite a day so far! Payday UK have been quite insistent on calling my work phone :mad:. I have just emailed them to ask them (again) to stop and to contact me only via email, I quoted OFT guidelines this time so hopefully this might stop them - our office phone diverts to my bosses mobile at weekend so he might not be too happy to be getting calls for me all weekend

Not heard anything off Wonga, Quickquid or Payday Express yet.

1monthloan were excellent Had an email back within half an hour of initial contact with their bank details and written confirmation of acceptance of plan with no additional charges - an excellent example of how it should be done :T

x

lesleyvhalifax

Sassyloco wrote: »

Hi all

It's been quite a day so far! Payday UK have been quite insistent on calling my work phone :mad:. I have just emailed them to ask them (again) to stop and to contact me only via email, I quoted OFT guidelines this time so hopefully this might stop them - our office phone diverts to my bosses mobile at weekend so he might not be too happy to be getting calls for me all weekend

Not heard anything off Wonga, Quickquid or Payday Express yet.

1monthloan were excellent Had an email back within half an hour of initial contact with their bank details and written confirmation of acceptance of plan with no additional charges - an excellent example of how it should be done :T

x

your lucky when i got in touch with 1month loan with a repayment plan they put on £180 of charges with mine

Sassyloco

lesleyvhalifax wrote: »

your lucky when i got in touch with 1month loan with a repayment plan they put on £180 of charges with mine

Eek, I must have just dropped lucky with the person who dealt with my email this morning then

tink28

Hi Sassyloco

I'm also in a similar situation with payday loans.... I think I have 5 ongoing at the moment - am paying the interest on them each month but also need to pay them off.

Do you have an example of the email / letter you have sent proposing payment plans? Especially for Quickquid.... I need to deal with them first before anyone as I've been a bit bad and not contacted them!! Oooops

tink28

Plus I could really do with not paying any interest on them this month as its going to totally skint me but how do I stop them taking the money?