wonga

hmmmm

hi
i am about to set up a payment plan with wonga
I have set up a new bank acount with lloyds . but i'm currently with halifax
Cause their related banks can wonga take money from my new lloyds account ?
Many thanks

kimminess

Its a possibility.. Open a new basic bank account with a bank completely unrelated to the banking group, such as Co-op or Barclays maybe? This is a list of the related banks, nicked from another thread:

HSBC - owns firstdirect, HFC and marks and spencer financial services

RBS - direct line, Child & co, Drummonds, One Account, Natwest, Coutts, Ulster bank and some others.

Lloyds - C&G, Scottish Widows, Lloyds TSB, Bank of Scotland, Halifax, Birmingham midshires, Saga, Intelligent Finance, Capital Bank, Sainsbury's Bank.

Santander - Abbey, Alliance and Leicester, Bradford & Bingley.

Hope this helps, be sure not to pay them from your new bank account when it is set up, either transfer the money to your old account and tell them to take the payment from there, or send a postal order. Nothing that lets them get a hold of your new details!!

hmmmm

thanks for the info.
i thought they would try the card i've given them details to and when that failed that would be that.
So are you saying that if my halifax card don't have the money my bank will then use the card from my different lloyds account to get the money !!!!

Smokealot

ive read a fair bit about how to deal with pay day loans if you need to go to a payment plan. Sorry OP im not able to give you advice

myself have payday loans and will be rid of them soon without needing to default etc, but i still cant get my head around the fact that if they cant get the money from the card/account you gave them details of then they can look for other account with the same banking group?

im sure its in the T&Cs but how do they actually locate other accounts ?????

hmmmm

thats what i don't get ? normally if i make a debit card payment and thre ain't no money in my acount it jst gets declined and thats it ? i have no overdraft facilty etc.... just a basic acount

kimminess

If they try for a payment every day, it means as soon as your wages come in they will rinse your account for all its worth!

I'm not entirely sure *how* they get your other account details, if they do but I do know from every other thread that I've read that opening a new unrelated bank account and having your wages put into it is No.1 priority

Smokealot

cant post the link but there is a thread on here that explains it in detail

google payday loan companies raid bank accounts. you will see the MSE thread.

good luck with it all

sazc_2

I got into the payday loans trap and was advised to switch accounts but I moved from Natwest to Lloyds. I never supplied them with my new account details and sent token payments by standing order so they couldn't obtain them either. Hope you get sorted!

Tixy

Basically what happens with a pay day loan is that first they try to take the money from your debit card. If that doesn't work (eg if its been cancelled) they then try to take the money direct from the bank account the loan was paid into.

If you have other accounts with the same bank then your bank my decide to allow the payday loan payment to go through - and then take money from your account with funds in to pay off the unauthorised overdraft that has been created on the other bank account.

So the payday loan company doesn't end up with your new bank account details - its a case of the bank honouring the payment to them and then the bank themselves doing the offsetting.

(I'm not sure if lloyds / halifax offset from each other - but I would open a new unconnected account to be certain).

hmmmm

So, even though my original bank is with halifax and my new one is with Lloyds they an still do this ? x

hmmmm

sorry i didn't see the bottom bit - i see ou unsure x