Please Help Cash Genie Victim Here

maginot

I don't wish to be harsh, but it sounds like Genie are the victim.

You take out a payday loan with no intention of paying them on payday. You change your bank to try to avoid paying them and then take out another payday loan with probably the same outcome.

You need to sort out your finances today, cut back on everything until debts are paid, try selling some goods on eBay as the fees and interest is just going to keep increasing with payday loans. Any chance of increasing income with more hours or getting a second job?

Honestly, this is the only way to get out of the spiral of more debt, then CCJ, bankruptcy etc, which will seriously hamper opportunities for you in the future.

Apples2

tezaz wrote: »

We are owed £500 from the council in housing benefit, but like anything trying to get them to hurry up seems to have the oposite effect.

If the benefits people play by your rules maybe you will never see this money.

I can't see how anyone could have sympathy with your plight, you set out right from the start to take money and avoid repayments.

Some PDL offer rollovers, but you have to arrange it first, as opposed to simply denying them an opportunity to reclaim the payment you signed up to.

I shake my head in bewilderment that you went on to take another PDL when you were still avoiding repaying the previous one.

haras_nosirrah

If you have been with your new bank for more than 2 and a half months you should have paid them off by now - you stated you were going to roll over once.

Fruit_and_Nut_Case

tezaz wrote: »

...water rates...

You pay water rates? Consider having a water meter fitted; you'll almost certainly save money.

tell_it_how_it_is

As has been suggested by many people across many threads:
- don't use payday loan companies, think of any other alternative first;
- if you still feel you must use one, you MUST ensure you pay it back on time.

Better to live on beans on toast for a month, switch the heating off and use extra blankets etc etc than give yourself weeks and months of stress and throwing away several hundred pounds of your desperately needed money on absolutely nothing.

fozmcfc

Did you have an agreement set up or agree with them at time of getting the loan, about rolling it over and if so do you have it in writing. If you do you might have some cause to complain and get it sorted out.

If you simply thought they would just take the rollover amount if they couldn't take the full amount, then there is your mistake.

Looking at what you have posted though, would suggest, that as you took out another payday loan, that you might not have been in a position to pay them off, after rolling it over.

Best thing you can do is pay it off and put it down to a bad experience which you won't be repeating. If you want to haggle, then by my reckoning for the £200 including a 1 month roll over you would be looking at paying back about £300.

So you could offer them say £89 on top of the £211 you have paid already as a settlement figure. Say if they agree in WRITING you will pay them the difference with a cheque to that amount. In the meantime make sure no money is available in the bank and/or change banks again.

Because of the missed payments and continued non full payment of what is owed, is why they still say you owe £240 on top of £211 (£451).

Second best option, change accounts again, don't take out another payday loan. Then speak to the CCCS or similar about coming to an arrangement to pay with the payday loan companies. This could end up costing more and taking much longer to pay off.