The Money Shop

Good Morning All.

I took out a pay day loan with the Money Shop which I struggled to pay so I contacted them to arrange an alternative payment arrangement.
They are adamant that I can only pay by CPA (Continuous Payment Authority)
Has anyone paid them by other means?
If I continue to persist with the message that if I cannot pay by standing order they will receive no payment at all - do you think they will give in?

Awaiting your comments!

One step at a time :)


  • sourcratessourcrates Forumite
    26.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi there,

    These people will tell you anything wont they, you can send them a pot full of pennies if you wish.

    Have you cancelled the CPA and your card payment ?

    If not do so, otherwise they can take the lot at one go.

    You can pay by any method you choose, not what they choose.

    This is from there website :

    "We usually take payment automatically from your debit card you provided when you applied. If you have a new debit card then please contact us on 0800 009 3565 and we will be able to update this information for you. If you no longer have a debit card, you can also call us to make alternative arrangements to pay us back."

    Pick a method of repayment, send them a letter advising of this, job done.
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay a fee for a Debt Management Plan.
    For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
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