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Payday loan

So... Starting from last year I got myself in some debt regarding pay day loans have managed to get most of them out the way I have just 3 outstanding at the moment... One is lending stream which is £10 a week which I can pay. I have payday express which I am going to be able to clear this month... And then I have quick quid... £126 due on 24th sept and then 601 due On 24th october... Now I could pay the interest and roll it over but I just need to get it out my life now I read on here about trying to set up a payment plan... Shall I wait for the payment to default on the 24th or shall I send my letter before ???

Comments

  • retepetsir
    retepetsir Posts: 1,237 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Phone them up asap regarding a payment plan, don't wait.

    The Great Declutter Challenge - £876 :)

  • Asking for a "repayment plan" usually brings a default charge on top you do know that? (as QQ refuse, have deliberate ways not to deal with you until the missed payment date and or they can't access your bank account) that's not to say there is nothing stopping you contacting them today, your better of just meeting repayment dates honestly especially if you "want it out of your live now" and have the means?

    The October date is quite some time of to find the ouch figure required at least

    Communicate in writing only

    Back in the day, a £300 odd loan cost me an additional £12 to pay back over 4 months (I know not so bad compared to some) but I think the higher the loan amount the more the default/dishonour fee is, or so it used to be, then there is the will they clear me out worry
  • Whatever you do OP please try to address why you need to use these kind of services, and do not try to see the easiest answer to your current problems as a silver bullet. All the best...
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