Despite arrangements, Speed-e-loans will still try to take payments. In my case, they have taken three small additional payments from my bank account- I pay money in to this account as and when I am paying a payday loan instalment so there is never more than £1 in it anyway! Speed-e-loans are not charging me any more interest- they have applied two months interest all together (one month more than they should) and my loan with them will be cleared fairly soon. Just be careful and try to be one step ahead. They will make an agreement with you when you make your first payment but this will not stop them trying to take more payments so you need to make sure that they cannot touch any of your funds.

I've had a repayment plan with them for a few months now. Be careful- I set up a different bank account to pay this and transfer the agreed payment to it each month. They do try to take more money at various dates despite the agreement but I only keep a balance of £1 in this account- Speed-e-loans have taken an additional £1 three times so far. They won't provide any s/o details etc and will only allow debit card payments so you are at risk of having your account cleared out despite any arrangement. However, once the first payment was made, interest was frozen. My agreement is over 12 months. Good luck!

I defaulted with Pounds Till Payday 3 months ago. It took them 2 months to send my file to Clarity. I now have an instalment plan with them. My advice is to return phone calls to PTP. They are fine to deal with- just keep telling them what you can afford to pay. They did not contact my employer or hassle me- I think I had 4 phone calls in all from them. Good luck!

PoundsTillPayday have passed my loan to Clarity and I have set up an arrangement with them. They didn't phone me at work. Just make sure you return their calls asap- they were fine to deal with. Took them 8 weeks for them to pass my account to Clarity! After defaulting, I received 3 or 4 calls and then one shortly before I defaulted. I found them polite and reasonably friendly to deal with. They will just keep saying that they will only accept an arrangement over three months. The arrangement I have with Clarity is for much longer than this and was set up with no problem.

Hi. I defaulted two months ago and have a HSBC current account. I also have loans with Quickquid and Lending Stream that I am now paying off. Neither company set up direct debits or managed to take money from my account once I'd cancelled my card. If you can't/don't want to open a new account elsewhere have you thought about opening a savings account with HSBC? If you bank online, you can move your money around as and when you need it from account to account and at least protect your money a little better. I have a HSBC Flexsaver account which I use to 'hold' any small amounts. You would, however, be better opening a new account elsewhere- TSB gave me a current account with interest and a debit card despite my shoddy credit score.

Make sure your card is cancelled and you set up a new account. I have set up arrangements with Wonga and Wageday Advance, and pay these by standing order. Do not provide any of these companies with your new card details. They will attempt to clean out your account if you do. Dig your heels in, be polite but refuse any options they offer other than standing order. You have to stand your ground-if they want repaying they will have to eventually come to an agreement. Think about drawing up an income and expeniditure sheet- I used the guidance from National Debtline and this has really helped me with my budgeting etc. Stand firm- I have 9 payday loans and 8 of the companies have reached agreement with me. None have my new bank account details.

I was in a similar situation last month. I also bank with HSBC. My salary didn't hit my account until 3.30am at which time I transfered it to a different account. Just to reassure you, no monies were taken by either Pounstillpayday, Quickquid, PDUK or Wonga. If you have cancelled your card and ensured direct debits have been stopped you will be fine. As far as I understand, your salary can hit your account any time after midnight and most banks update during the night - I was so worried last month that I stayed up and used the refresh button on internet banking until I saw the credit in my account! You really need to think about setting up a new bank account. I have a poor credit rating but opened a new current account with TSB with no problems-even got a debit card etc. As for PTP, I'm still waiting for them to transfer my file to DCA which I'm told will happen on 10th May. However, they haven't pestered me too much-I returned calls staright away and they agreed to contact me just on my mobile. To date, they have been true to their word.

I've recently had a repayment plan accepted by them over 12 months. They were very easy to deal with, froze interest and have given me the relevant bank details to pay by standing order. Their bank details are: BSC 40-06-09 Acct no 21544926 Contact phone number at Wonga was 0844 8429 110.

I defaulted on my payday loans last month (9 in total!) and feel so much better. All the advice about cancelling your card and opening a new account should be taken. Quickquid are difficult but if you are polite and refuse to provide details of your new card/account they do offer other alternatives. They have accepted cheque payments from me for the next 12 months to clear my arrears. I am using my old bank account and just putting enough funds into there to pay them each month. As for Payday UK, they accept payments for 3 months initially. Again, they have been fine to deal with. They accept payments by standing order. To date, I have made arrangements with 8 of the 9 payday loan companies that I owe money to. None of them have been abusive or rude. Yes, they threaten legal action but I just tell them I have an income and expenditure sheet drawn up in line with the guidelines provided by National Debtline and the amount offered is all I can pay. All but one have accepted this- the other, Poundstillpayday, is fine with this but don't accept arrangements until the account goes to a third party after 8 weeks in default. Keep strong! All these companies need to know is that you are in financial diffficulties- tell them what YOU can afford and just be firm but polite. Also, answer/return all calls- that way they won't hound you.

I fully understand how you feel but I will say that, just after a week of deciding to default, I feel so much better. I have a number of payday loans all of which went into default last Friday. I would just like to reassure you and say that most payday lenders are actually ok to deal with. They all have there own systems for dealing with default but so far have been reasonable to deal with, even the notoriously bad ones like Pounds Till Payday have already told me the course of action they will take and what I can expect to happen next. Up to now I have set up three arrangements- 2 over 3 months; the other over 4 months. Payday UK have agreed to a replayment plan in principle but want to receive my first payment before agreeing so I have set up a standing order (that will make 5 arrangements!). Just follow the advice already on the forum and don't be bullied into giiving your bank details to anyone. All I can say is that,yes, we are both in a financial mess but we can get out of it- the first step has been taken. Just be prepared for a bit of a bumpy ride!

I've reported my debit card lost, apart from using direct debits can these companies get my money any other way? I obviously won't be sharing my new card details with them. Hopefully, by Friday my salary will be sitting safely in my new bank account.

Tomorrow I cancel my direct debits for Pounds Till Payday, Quickquid and Wageday Advance. Can anyone let me know if I can ask my bank to stop these being reinstated? Also, how long after default do these companies reaaply for funds? Any help would be appreciated.

I haven't included the overtime in my income and expenditure-it's a one off that won't happen again. It's typical that my biggest payday loan is with Pounds till Payday- £900. I know that I can't pay that this month and, having read other threads, they send the account on to a DC called Clarity after a few weeks. I will just have to wait to see what they do- it can't be any worse than the sick feeling I've had in the pit of my stomach for the past two or three months because of this debt. Having worked things out, I think most of the loans will take 8 months or so to clear. We'll see what each lender will accept.

Thanks. My new account details will not be shared with anyone! I've done my income and expenditure using the guidelines given by National Debtline and will offer them only what I can afford which, I'm afraid, I don't think they'll be over impressed with. However, I get a bit of overtime this month-do you think it's worth paying off one of the smaller loans outright or should I set it off against one of my larger loans? Roll on Friday!!

Thanks so much for all your help so far. It's good that there are folk out there willing to help! So far..... I have rung my bank again who have confirmed that all transactions on my card will be declined as it has been stopped. Guess this means that it is only the direct debits that I need to keep my eye on! I will transfer my money to my savings account and will stay up all night if I have to! Is there any other way they can get hold of my money? I realise I have to set up standing orders to repay the debts and am underway with the income and expenditure stuff, is there anything else I need to think about? It's amazing how much better I feel already, just by starting out and dealing with the problem. I'm not naive and know there will be lots of highs and lows but will not be beaten by these bullies. Anyone out there thinking about taking out a payday loan, please think carefully. I read threads like this before taking my first one out and thought I'd never get myself into a similar situation- it is so,so easy to do so though.

Thanks for the help so far. I do have a savings account with my bank (HSBC) that I use to have child maintenance paid into. I could transfer my salary to that first (anyone know when HSBC update their systems overnight?). HSBC have stopped my card (I reported it lost) and said any transactions using it will decline now- do I need to check this with them again? I'm more bothered about any sneaky attempts to set up direct debits. I've also phoned my new bank (TSB) and confirmed I can do a fast transfer to them- I have internet banking. How do these low life companies get hold of your money? Is there anything else I can do? I'm now drawing up an income and expenditure sheet so that I'm ready for Friday and all the phone calls that I'm sure will follow. Thanks again for all the advice.

25th on both counts! I have already stopped my debit card and was thinking of cancelling the direct debits as late as possible. What do you think? As I said before, I want to pay back my debts and it is my fault for this situation but if all rollover amounts are taken it will wipe my salary out.

Regretfully, I have found myself in a mess with 8 outstanding payday loans. I've spent the last few months rolling them over and reloaning. I've now decided (after reading lots of positive threads) to take the bull by the horns and face these debts. I have set up a new bank account but am too late to get my salary paid into it this month. Will my wage be safe if I cancel my debit card and the direct debits? I intend to transfer my salary as soon as it is paid into my account but don't know what tactics the payday loan companies will take (they include Quickquid, Wageday Advance and Poundstillpayday,Pounds2day, Speed-e-loans, PaydayUK, Lending Stream and Wonga). I've had a look at the direct debits on my account and have noticed that Wageday Advance and Poundstillpayday collect by direct debit. Once this debit fails, how quickly will they attempt to empty my account? Will I have time to move my salary? Should I contact the payday loan companies now or after default? I intend to pay them off at a sensible and affordable rate each month but don't want to warn them of what I am doing in case they try to clear my account. Please help!

Thanks for your advice PGH7447 and for that thread babybear. I intend to write to Citi and TS immediately. Will keep you informed! By the way, do I also ask for details of charges on my credit card debt now or wait until I get a copy of the CCA? What do you think?

Sorry to be a pain! Do I write to my local Trading Standards Office? What do I say? I'm quite happy to complain to everyone possible about 1st Credit but need some help to just clarify what to say. Also, should I give Citifinancial a time frame to reply in?

Request for CCA sent to 1st Credit today, recorded delivery of course. Now I wait to see what happens. Also, I've read some other threads about DCAs using letter heads of credit card companies. I'm pretty sure that they sent me the Letter of Assignment not Citifinancial as the letter head was clearly photocopied and of poor quality. Who do I raise this with- Citifinancial??? What do I ask?

Thanks for all the advice. It certainly makes me feel better knowing other people are experiencing similar problems Letter written, asking for CCA. Will post it by recorded delivery and send a postal order. Have also requested that they do not phone me again-not sure they will comply! Will let you know how I get on. Will also register my complaint with TS.

I got a letter of assignment from Citifinancial on Thursday and phone calls began from 1st Credit at the same time. They say my debt of £2700 has to be paid in full, they won't accept monthly payments and that I should approach family or friends or borrow against my property. They then went on to advice me that they'll go for a CCJ and will commence bankrupty proceedings. Are they likely to do this?