Everyday loans are horrid!!!!!!

barnettsarah

My partner had a loan with these people a few years ago before we were together, they were at first being paid by a debt managment company, who were charging him an obscene amount of money for the service so got rid of them and reset the debt repayments ourselves.

After 7 months of arguing back and forth with Everyday loans we agreed 20 pounds a week, they agreed so for two years they have had this, they had also written to say that the interest would be stopped after 6 months of regular payments, a letter my partner lost during moving into mine:mad:

Anyway yesterday i recieved a statement saying they were charging 45% apr!!!!!!!!!:mad: :mad: :mad:

So of the 80 pounds a month they are getting 8 is coming off the debt!!!


Any ideas how i could get the apr dropped????do i have any legal right to argue how high this apr is??

[Deleted User]

What are the terms of the agreement he signed?

I'm assuming he's a high risk customer so didn't have cheaper options available to him at the time?

There's no legal limt to an APR that can be charged. And riskier customers have to pay more to reflect the higher rate of default.

KingElvis

Sounds like quite a pickle, I would throw all the cash you have spare at this to be rid of the hideous thing.

Peelerfart

Sarah,

You posted back in April 2010 on the DFW board and were told about the National debt helpline ,which you said were great.

Have they not been involved in this ?

bambus

hi guys,

wonder if there is any help for me. stupidly i went in to debts my ex boyfriend and i had to go on debt management program. i was able to pay my loan, my credit card and overdraft but wanted to put everything under one go. now i need at least £7000 to put forward to our wedding. My fiance has just taken out his mortgage and we do not want join account as it will affect his credit. we managed so save up at least £5000 but another £7000 is needed.
Is there any company who can help me? i heard everyday loan will be able to help... i can only have unsecured loan.I will be able to pay as my debt manage is only £130/month. please please please any advise? i jut asked for my credit report to see why i have bad credit?! i might miss couple of bills, meaning paid 2-3 days late....but i need to get this money to be able to have our wedding.
thanks for your help.

Peelerfart

Is it wedding Thursday today? I thought that was cancelled 'til spring

geoffky

7k for a wedding you can not afford? What planet are you people on...you can get married anytime when you are fiancially secure but borrowing 7k for it is madness.

KingElvis

My God, it's not LauraBell again is it? the post makes about as much sense.

Been a week for those with no aganda to emerge into the sunlight of the norms.

barbarawright

bambus wrote: »

hi guys,

wonder if there is any help for me. stupidly i went in to debts my ex boyfriend and i had to go on debt management program. i was able to pay my loan, my credit card and overdraft but wanted to put everything under one go. now i need at least £7000 to put forward to our wedding. My fiance has just taken out his mortgage and we do not want join account as it will affect his credit. we managed so save up at least £5000 but another £7000 is needed.
Is there any company who can help me? i heard everyday loan will be able to help... i can only have unsecured loan.I will be able to pay as my debt manage is only £130/month. please please please any advise? i jut asked for my credit report to see why i have bad credit?! i might miss couple of bills, meaning paid 2-3 days late....but i need to get this money to be able to have our wedding.
thanks for your help.

You're on a DMP and you want to take out a further £7,000 debt? To pay for a £12,000 wedding ? :eek:

Apples2

bambus wrote: »

stupidly i went in to debts my ex boyfriend and i had to go on debt management program.

i need at least £7000 to put forward to our wedding

we managed so save up at least £5000 but another £7000 is needed.

1. You're on a DMP = You aren't getting credit from anyone, for any amount.

2. You're on a DMP - But you have saved £5k = Well done for completely abusing the facility there to help people in debt. :T

bambus

No need to be sarcastic. Simple asked a question!!!!! and yes, we need only 7000 to be able to have our wedding! unfortunately i was messing around with my previous boyfriend, we had join account and my credit is so bad now! it happens in life! if you cannot help and answer the question, then please do not be sarcastic as there are people who need help! maybe on your bank account you have 1000 and 1000 pounds but there are people out there whos family cannot afford to help to pay for wedding! life is sometimes very bad and yes it is only my fault that i have not seen the guy how is ripping me off as i had my pink glasses on! yes it happens people!
You might have nice holidays, cars and parents who help you, but there are people who has to work and pay for everything on their own.
so if you cannot give me a straight answer, then please do not bother to post sarcastic comments!
We all know how bad is the economic situation! but we have money to able to pay the loan off within 5years!