Making nominal 'goodwill' payments to PayDay Loan companies

bazzyt

Hi,

OK, I have finally faced up to the facts of my situation, consulted with CCCS, and am about to ask them to set up a DMP for me.

One piece of advice they give in their literature is to make a 'goodwill' payment of whatever I can afford to each of my creditors until my DMP comes into effect. This is fine and I want to do it. However, how should I pay the PayDay Loan companies? Given that I have changed Bank Accounts, I don't really want to give them my new account / debit card details as I am afraid that they will try and loot the brand new account and get me off on entirely the wrong foot with my new bank! I can't use the old account as I am over my OD limit and they are going to be part of the DMP.

Any ideas?

Thanks!

AppleMatt

Some savings accounts allow direct debits - could you ask your bank if theirs do, and then give the account details to the creditors, only putting the right amount of cash in the day before each payment?

Alternatively, open another basic account with another bank, and use that. As far as I know, basic accounts (also known as cash card accounts) don't require credit checks either. Barclays, Co-op and Natwest all do them

tking

Set up a standing order as opposed to a direct debit - then they can't raid your account. Alternatively send them a money order each month.

gizmo111

Ask them all for theri bank details and make a faster payment - do not use your new card.