I have been trying to arrange a payment plan with Uncle Buck but so far have had no joy as they refuse my offer.
I owe them £273 and after working out my disposable income and splitting it between my creditors I can afford to pay them £50 per month. I sent them this offer by email and they have refused saying "as we offer short term loans, £50 is not acceptable".
I wrote to them again stating that all I could afford was £50 per month and that I would be making this payment regardless, but again they replied saying it is not acceptable and I would charged £1.75 per day in interest.
Obviously I don't want the interest to stack up as I keep paying my £50 per month, so can anyone suggest how I can get them to accept the offer, or how I can avoid paying £1.75 per day in interest over the 5-6 months it will take me to pay them back. I've read on here that they can only charge 1 month interest (I had already rolled over my loan once), is that true ? Where in section 87 of CCA exactly does it state that ?
I have also asked for their bank details so I can send payments, but they have simply ignored this request, again stating that £50 per month is not acceptable.Please help !!