Want to stay in bed forever ....

ReginaII

sourcrates wrote: »

Well in that case the employer would find out anyway at some point, either way if there is no money to pay the debts the default will be registered whatever the OP`s employment situation, my advice above still stands unless the OP tells us otherwise.

I wasn't disputing your advice, merely adding the caveat that it does impact people in certain professions. In which case they may want to investigate other avenues.

National_Debtline

Hi ReginaII

Fully appreciate your point and perhaps I should have added a caveat, but did not want to oblige OP to say what line of work they were in before answering.

My point in this particular context was that all other things being equal, the appearance of these payday loans in itself is highly unlikely to have any knock-on effects for that person's employment. The likelihood is that a person's credit file is already in an adverse condition for things to have reached the stage where they have to resort to such high-cost credit. Moreover, payday lenders are not known for being litigious - seeking CCJs is not part of their business model, as by definition their customers are unlikely to be "worth" suing.

Dennis

ReginaII

National_Debtline_representative wrote: »

Hi ReginaII

Fully appreciate your point and perhaps I should have added a caveat, but did not want to oblige OP to say what line of work they were in before answering.

My point in this particular context was that all other things being equal, the appearance of these payday loans in itself is highly unlikely to have any knock-on effects for that person's employment. The likelihood is that a person's credit file is already in an adverse condition for things to have reached the stage where they have to resort to such high-cost credit. Moreover, payday lenders are not known for being litigious - seeking CCJs is not part of their business model, as by definition their customers are unlikely to be "worth" suing.

Dennis

Hi Dennis,

I appreciate your point but, I wasn't seeking to know the OPs line of work. However, information given on this forum is read (and acted on) by thousands of people and I felt it important to mention that non-payment of debts and the consequences can, and do, have serious repercussions for some. Relinquishing debt is not a 'one size fits all'.

In the current climate some firms, and the collectors acting on their behalf, are becoming increasingly litigious for small sums. It doesn't cost much to launch a small claim.

Struggle1234

Thank you all so, so much for being so kind and helpful. I logged in very quickly at lunch time and was a little choked at all the responses.

I have cancelled my bank card, will get addresses tonight to write to these people. Earlier I also logged onto step change website and had a look at that. I am prepared for the onslaught from these companies , I know it won't be easy but at least I feel like I have acknowledged what a stupid fool I have been.

I am very much on my own as have no close family around and , as much as I get on with ex , I know that he would have a field day if I told him about this. Friendly & civil is as much I can cope with in that respect.

I did go to work today and it was good to switch off a bit.

There are old debts "pre seperation" which I will have to deal with / I just needed to face this immediate problem first. I do feel a little bit lighter tonight. I don't have a job that would be affected by this but I would prefer they didn't know if possible - the fewer people that know of my stupidity the better. All being well I should be able to move money out of my account before anything happens and will get sorted for next month. I can do this !!!

I keep getting moments of being consumed by despair but I know this will get better. I have gotten to the point where PDL and how to get out of them has consumed me for too long. I know I can't carry on like this any more so I am glad I logged on this morning.

Thank you all again

DancerSupreme

You still need to contact the bank. Companies can still take payment even if your card has been cancelled.

x

ReginaII

Hi Struggle,

Listen, I have made the t-shirt, worn it while I wrote the book and directed the screen adaptation.

I also have no family around and three children aged 14 months, 7 years, and 9 years. Debt collectors, their letters and sweet phone calls, are so familiar to me that it almost gives me a rosy glow to think that there are people out there who will never forget me:D

The fact is, debtors prison is long gone and any unsecured debts are reasonably easily dealt with, even if it does get as far as a CCJ, no judge will ever order you to repay more than you can afford. So stop putting yourself and your children's needs second, draw up a budget and after you have taken out all your bills, shopping, clothes, little treats for tiddlers etc. they can have what's left. Not the other way around!

As you don't work in a sector which would be affected (sorry about that but, I feel information given should be accurate!) they'll never know, so don't worry.

As for the pre-separation debts, well your ex can surely help you with those? Should really help you with these too......but that's another story and only my opinion.

Great investments are:- A ream of paper, envelopes, and a new cartridge for your printer because you will be writing a lot of letters Oh, along with an occasional bottle of wine.

Everything's going to be just fine, £1400 is nothing, trust me.

ReginaII

I meant to say, when you write to them and fill them in on your situation (and offer of repayment, even if it's a quid a month) take the opportunity to tell them also that everything must be conducted in writing only...no phone calls.

I also think you should get another bank account, I got one with Co_op really quickly, just to be on the safe side. You don't want them helping themselves right before Christmas.

Kate_fixing_it

Didn't want to read and run but I want you to know I was wearing your shoes a month ago. I still have days (having one today actually!) when I think it's all just too hard but the hardest part was the first step. Each day it becomes a little easier to face.

There's so much support here you won't know what's hit you! This forum is amazing and there are so many inspirational people here who offer help and advice.

Keep posting here, nobody knows who you are but it's a huge relief to have people to talk to without fear of reprisals or shame.

Kate x

happy_bunny_2

You need to cancel your continuous payment authority with the bank.

You need to contact the PDL company via email to cancel the CPA also.

If you do the above, the bank will be liable if they allow payment.

Good luck

HB

hummingbird

Hi Struggle,
You are not on your own, we're all here for you! The above advice is brilliant, just put it into action a step at a time.

If you have other debts that you haven't mentioned, list these so folks can help.

Have a good night's sleep tonight.:T