Money Shop - Bounced Cheque

timbstoke

MissChaos wrote: »

Thank you all for the replies, I realise there may not ever be a perfect solution to this but I just wanted advice.

I'm hoping to arrange a direct debit for a few quid a month - I believe that if you offer anything they're obliged to accept?

Will keep chasing ex-employer though... few free phonecalls and an hour or so of my time is well worth a possible 900quid reduction in debt!

They aren't obliged to accept anything, and Direct Debit is probably not the best way to go - it puts them in control, so they can effectively choose the amount they take and, whether authorised or not, you can have a nightmare getting it back.

What is true is that, as long as they're being paid something, there's a good chance they won't take it any further than complaining at you that they want more. Ask for their bank details to set up a standing order, or send them cheques/postal orders, or take cash into a store to make payments instead. All of these options keep you in control of how much they get.

In2deep

I once had a loan with the money shop for £500. So I had written them 5 x £100 cheques. I knew there were no funds in bank, but the bank paid them as my debit card guarantees £100 per Chq. Is it an option to write the money shop 9 separate cheques for £100 knowing that the bank will guarantee each cheque(providing you have a cheque guarantee card), then effectively the debt will be with the bank & not moneyshop. Obviously this will mean switching banks etc, but better to owe the bank than payday lender. Like others are saying. The moneyshop is a 3rd party in all of this. It's not their fault your partners coy went into liquidation. The dispute is between your partner & liquidated coy. I hope this makes sense.

poppasmurf_bewdley

In2deep wrote: »

I once had a loan with the money shop for £500. So I had written them 5 x £100 cheques. I knew there were no funds in bank, but the bank paid them as my debit card guarantees £100 per Chq. Is it an option to write the money shop 9 separate cheques for £100 knowing that the bank will guarantee each cheque(providing you have a cheque guarantee card), then effectively the debt will be with the bank & not moneyshop. Obviously this will mean switching banks etc, but better to owe the bank than payday lender. Like others are saying. The moneyshop is a 3rd party in all of this. It's not their fault your partners coy went into liquidation. The dispute is between your partner & liquidated coy. I hope this makes sense.

Problem is that there is no such thing as a Cheque Guarantee Card anymore. The banks did away with them last year.

sweetilemon

In2deep wrote: »

I once had a loan with the money shop for £500. So I had written them 5 x £100 cheques. I knew there were no funds in bank, but the bank paid them as my debit card guarantees £100 per Chq. Is it an option to write the money shop 9 separate cheques for £100 knowing that the bank will guarantee each cheque(providing you have a cheque guarantee card), then effectively the debt will be with the bank & not moneyshop. Obviously this will mean switching banks etc, but better to owe the bank than payday lender. Like others are saying. The moneyshop is a 3rd party in all of this. It's not their fault your partners coy went into liquidation. The dispute is between your partner & liquidated coy. I hope this makes sense.

Do you still get cheque guarentee? thought they stopped guarenting money a while back hence why most shops no longer accept cheques?