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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Payday Loan Defaulted after 16days of payment being due?
Swhite1991_2
Posts: 31 Forumite
Just need a bit of advice really?
I got a payday loan (stupid yes i know) on 20/12/2010 as I hadnt been paid before xmas and I needed extra bits for xmas day which i didnt have the money for. I was due to be paid on 10th January 2011 which is when i asked for the loan to be paid back, 10th January came... no wage... turns out the company i worked for had just gone into administration 2 days before christmas and i only found out when i returned to work after xmas on 6th Jan, we were assured that we would be paid on 10th Jan still but obviously we wasnt! Took me 2 months to get my wages back from them and by this point the loan has defaulted on 26th January 2011.
So Loan started: 20/12/2010
Loan due back: 10/01/2011
Loan defaulted 26/01/2011 ....... 16 days after payment was due by!
I contacted QuickQuid via phone on 9th January 2011 and told them of the situation but they didnt seem interested at all! I said i would pay the loan back when I was paid but i didnt now when that was going to be.
My question is are they legally allowed to default me 16 days after payment was due even though i rang them about what had happened?
The debt was with Gothia but they have no passed it onto Motor Mile Finance and the debt has gone WAYYYY up!
Original loan amount was £200
Had to pay back £230
Current debt is now at £518!
I got a payday loan (stupid yes i know) on 20/12/2010 as I hadnt been paid before xmas and I needed extra bits for xmas day which i didnt have the money for. I was due to be paid on 10th January 2011 which is when i asked for the loan to be paid back, 10th January came... no wage... turns out the company i worked for had just gone into administration 2 days before christmas and i only found out when i returned to work after xmas on 6th Jan, we were assured that we would be paid on 10th Jan still but obviously we wasnt! Took me 2 months to get my wages back from them and by this point the loan has defaulted on 26th January 2011.
So Loan started: 20/12/2010
Loan due back: 10/01/2011
Loan defaulted 26/01/2011 ....... 16 days after payment was due by!
I contacted QuickQuid via phone on 9th January 2011 and told them of the situation but they didnt seem interested at all! I said i would pay the loan back when I was paid but i didnt now when that was going to be.
My question is are they legally allowed to default me 16 days after payment was due even though i rang them about what had happened?
The debt was with Gothia but they have no passed it onto Motor Mile Finance and the debt has gone WAYYYY up!
Original loan amount was £200
Had to pay back £230
Current debt is now at £518!
Debt Free by Dec 2015!
Current Debts :eek:
Total Debt at LBM (1st Jan 2015) £1661
Total Debt Left to Pay - £334.71
Current Debts :eek:
Total Debt at LBM (1st Jan 2015) £1661
Total Debt Left to Pay - £334.71
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards