Help/advice needed re short term loan company

Tixy

2 issue's arose there, first one I work full time so would have to take time off work to do this and lose pay I can ill afford and secondly if it was not back in time then I was at risk of QQ taking the £650 from my account leaving me without any wages for bills and essentials and more importantly my rent which is what got me into this mess in the first place.

You don't need to take time out of work to do this - there are lots of subject access requests templates around on the internet you could use if you wanted to send one. The bank would have 40days to respond to your subject access request.

That said I am not sure I would do a SAR in this case with the £10 cost. I would just phone or write to the bank with your bank details now you have them and ask them to confirm that the money was paid in to your old/closed account and then ask them to send you a cheque for that amount.

If you cannot get this resolved before the £650 is due to be taken out of your account then you could contact new bank to cancel the CPA so that quickquid cannot take out the £650.
That will solve the short term problem of not leaving you without money for priority outgoings.

Obviously you'll still then need to arrange repayment of the loan, and your credit file could be affected by defaulting on the qq loan repayment.

[Deleted User]

OP Have you seen this thread? similar problem https://forums.moneysavingexpert.com/discussion/4955848

matttye

BillJones wrote: »

They did not say that they could stop it, they said that it should bounce if the account was closed.

The OP is liable because they provided the wrong details. It is perfectly possible that the money was sent before they called through. The company is, after all, called "quick quid". They do rather make a point of getting the money sent rapidly.

If QuickQuid couldn't stop the payment after becoming aware of the problem, OP is liable.

If they could, it would seem QuickQuid is liable.

missphisto

PeacefulWaters wrote: »

The more you use them, the less money you'll have.

A short period a severe personal austerity to fund a savings account which you use as an emergency reserve (instead of taking the easy option of an overpriced loan) can get you out of this negative spiral.

When you come home from work one day to find your partner of 6 years has emptied the bank account, taken the rent money out of the tin, loaded all that was worth anything in the house into the car you bought 4 weeks previously and left you a "Dear Jayne" letter on the reverse of an old envelope then finding out he had not paid the rent for the last 3 months and the landlord is about to serve a notice of seeking possesion on you I can assure you taking the option of an overpriced loan was not the easy one but sadly the only one.

[Deleted User]

PeacefulWaters wrote: »

The more you use them, the less money you'll have.

A short period a severe personal austerity to fund a savings account which you use as an emergency reserve (instead of taking the easy option of an overpriced loan) can get you out of this negative spiral.

Because, of course, you know the OP outgoings!


I don't claim benefits, savings to me are £12 p/m to a Scottish Friendly account the day really a DRO was announced and I've £31 in a savings jar, after dipping into it... I once gave in a £13,000 job few weeks back because I knew it would never 'keep' me... it was lucky I applied for a short term loan, at the time to drag me to my senses, I'll always remain grateful for that and feel like grinning at the bank manager when I explain why I'd prefer to take short term loan with a 5 month repayment plan


Want to call me and my likes a loser?


The Financial Ombudsman and Moneyclaim online court process are available to anybody struggling with a lender, whether they be a payday lender or the alleged 'fairest' of them all..

a4a

missphisto wrote: »

When you come home from work one day to find your partner of 6 years has emptied the bank account, taken the rent money out of the tin, loaded all that was worth anything in the house into the car you bought 4 weeks previously and left you a "Dear Jayne" letter on the reverse of an old envelope then finding out he had not paid the rent for the last 3 months and the landlord is about to serve a notice of seeking possesion on you I can assure you taking the option of an overpriced loan was not the easy one but sadly the only one.

Unfortunately too many people on here are very quick to criticise because they believe there is a 'perfect world'.

Just ignore them and listen to those who can help and offer support.

a4a

Deleted%20User wrote: »

Because, of course, you know the OP outgoings!


I don't claim benefits, savings to me are £12 p/m to a Scottish Friendly account the day really a DRO was announced and I've £31 in a savings jar, after dipping into it... I once gave in a £13,000 job few weeks back because I knew it would never 'keep' me... it was lucky I applied for a short term loan, at the time to drag me to my senses, I'll always remain grateful for that and feel like grinning at the bank manager when I explain why I'd prefer to take short term loan with a 5 month repayment plan


Want to call me and my likes a loser?


The Financial Ombudsman and Moneyclaim online court process are available to anybody struggling with a lender, whether they be a payday lender or the alleged 'fairest' of them all..

Ignore all the critics, they believe they are heroes and that we all live in a perfect world rather than the real world.

"Save and save and don't borrow and we can all live happily ever after".... If they had always been in that situation they wouldn't be on this forum in the first place!

Monkeyballs

missphisto wrote: »

When you come home from work one day to find your partner of 6 years has emptied the bank account, taken the rent money out of the tin, loaded all that was worth anything in the house into the car you bought 4 weeks previously and left you a "Dear Jayne" letter on the reverse of an old envelope then finding out he had not paid the rent for the last 3 months and the landlord is about to serve a notice of seeking possesion on you I can assure you taking the option of an overpriced loan was not the easy one but sadly the only one.

Hi Op,

I don't think that the post you're referring to was meant as a criticism more of a "positive steps" kinda suggestion...

Speaking from experience it's harder to accomplish anything when you feel like a victim so doing something more positive puts you back in control and more empowered to improve your situation moving forward...

MB

PeacefulWaters

missphisto wrote: »

When you come home from work one day to find your partner of 6 years has emptied the bank account, taken the rent money out of the tin, loaded all that was worth anything in the house into the car you bought 4 weeks previously and left you a "Dear Jayne" letter on the reverse of an old envelope then finding out he had not paid the rent for the last 3 months and the landlord is about to serve a notice of seeking possesion on you I can assure you taking the option of an overpriced loan was not the easy one but sadly the only one.

I appreciate the point you make.

If you read my post you will, I hope, see that it is not a judgement of the circumstances that got you where you are. It was a suggestion to help you pull away from that place.

Deleted%20User wrote: »

Because, of course, you know the OP outgoings!

I never claimed to. Paying interest, in this case high interest, reduces the amount of money available for other things. This is a statement of fact. All I have done is post a clear suggestion on how to get out of debt. Isn't that the sort of support that's needed?

Want to call me and my likes a loser?

I haven't done so. Why even ask the question?

a4a

Monkeyballs wrote: »

Bill & a4a

Kids... I know it's late on a Friday night and we'd all rather be doing something better but let not name call or I'll send my brother around to bang your heads together and he is almost certainly bigger than you and yours...

MB

I couldn't agree more, that's why I highlighted the comment, which wasn't a very nice comment to make and totally unnecessary.