We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Payday Express: deposited a loan I didn't request.

Vauxhall89
Vauxhall89 Posts: 10 Forumite
Eighth Anniversary First Post Combo Breaker
Hello all.

I currently have a small loan with "Express", which is due to be repaid on the 22nd. Now, to my knowledge once you have a payday loan with a company, you can't take a second one.
Today I checked my bank account online and saw Payday express has deposited 215 pounds, which I didn't apply for nor sign for electronically, and have received an email in my junk box from them with the credit agreement, although their first email from the loan which I requested from them was sent to my normal inbox.
I checked the Credit agreement, and there is no signature nor date from me, it's just blank, what is strange is this amount also entered my account on the same day I phoned them to defer the loan.

Help and advice would be muchly appreciated, cheers.

Comments

  • Have you called them to ask?
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Phoning them is only way to solve it, we have no idea what they are thinking down at payday express. It could be just in error.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    You haven't spent it have you?
  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Vauxhall, if you haven't already, I would contact them and get the money taken back before you get tempted to spend/use it.

    Having a "small loan", but not small enough, that you can afford to repay it, without defering it, suggests you need to address your financial situation immediately.

    You don't need the temptation of having money you didn't request, sitting in your account.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.4K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.