I have a lot of debt including a PDL which is due for repayment around 17th Jan, I have no means to repay at present and from reading through threads on here I have decided to wait for all of my creditors to Default me on the accounts before any offer of payment arrangement, this is so the 6 year wait for the default starts from then rather than when an AP or DMP would start from the date its completed. What I would like to know is regarding only paying back the original loan plus 1 mths interest.......does this mean for example say I borrowed £1000 and they put £400 interest on so total repayment due on 17th Jan would be £1400 - does this mean you would offer them the 1400 plus another months interest or does it mean you would only offer the original 1000 I borrowed plus a months interest?

Hello I have gotten into a bit of a mess with these Payday Loans ... I have five, all of which I am not going to be able to pay on Friday ... Following advice on this site I have already set up my new bank account and transferred all my DDs (except the PDL ones) ... tomorrow I am closing my old bank account (just to make sure they cant take me overdrawn), changed my bank details with work for my salary and contacted HMRC for my child benefit ... I have also contacted Payplan and done my budget with them and they are going to set up a DMP for me (I have older debts which I am still paying off also). My question is ... do I wait for the payday loan companies to contact me (I will not speak them on the phone other than to give them my Payplan reference number and that PP will be in touch), or do I inform them tomorrow of my situation (this I would prefer to do by e-mail). Does anyone have the e-mail addresses for the following ... Wonga Quick Quid Payday UK Payday Express WageDayAdvance Advice appreciated Thankyou

Hi All, I have a course case with a PDL company early next week. I have filled a defence and acknowledged part of the debt, the loan plus one month’s interest. During mediation, I stuck to my guns and only offered them this said amount. They were not willing to accept this offer, and requested I pay charges and interest minus 20%, as a good will gesture. I stated I could not pay them this and offered a monthly payment arrangement for the full amount, but again they would not accept this offer. Anyway, the amount the PDL company is claiming is over 100% of the original payment of one month’s interest and original loan. I have not mentioned this in my defence, as I thought the excessive charges would be obvious to a judge. My main defence is an unfair relationship, as their interest has been calculated incorrectly, over the course of the loan. The said difference is a couple of £’s, over the course of 20 something days. I am also challenging their running credit agreement, as all monies owed had to be paid in full after a month, it is stated in the CCA that the maximum length of borrowing is 30 days. During a recent telephone call and calls in the past, I know but I did this before I found this site, I stated that that they had calculated the interest incorrectly, and they should drop all charges, this request was refused. During the last call, they stated that the loan was over a couple of months, and not 20 something days. Even though the default notice was sent 14 days after no payment was received. They seem to be changing their story over the course of this process. As said conversations have been over the telephone, I have no proof of this. In their statement to my defence, there are a number of anomalies, e-mails that have been drafted to support their case, and not in an email format, a letter from a solicitor which has no letterhead or name on it and repeatedly stating that I have not paid any money back. Even though I have continuously contacted them via telephone to get the account sorted, but they would not drop their excessive charges. The main reason for posting is asking for any advice, as I do not want these loansharks to get away with this. Also, during the court case, can I mention aspects of their statement that I have not mentioned in my original defence? Sorry about this long post, but I am getting a bit giddy with the looming court date and just want a result to make them crawl back under their stone!

Very disturbing http://www.credittoday.co.uk/article/14557/online-news/one-in-five-will-seek-payday-loan

Just after some information:) We have 2 PDL with these people that we have defaulted on. They were passed to the idiots at Mackenzie Hall. We contacted LS to say we wanted to deal with them and they ignored us. We know they received the email as it was passed on to MH who then proceeded to act in such a way as to now have one the loans brought to the attention of the FOS. I have now made a formal complaint to LS who have ignored the complaint for the last 9 weeks so it is now ready to go to the FOS. I was wondering as these are 2 separate accounts can I make 2 complaints, one for each account? Also, when the FOS ask how I want this to be solved would I be in my rights to say that we want to pay back in installments the amount borrowed plus interest minus any payments already paid? I've read to pay only this to the PDL companies but wondered if this generally acceptable by the FOS. Thanks, Lee.

Hi. I have 3 payday loans refusing to set up a payment plan if I dont disclose my Income & Expenditure. I am not inclined to do so. Can anyone suggest a suitable reply? Thank you. Paul

Hi guys, I posted a few days ago with problems about Natwest refusing to cancel my CPA's and telling me the PDL's are not using CPA ect. Anyway i have now made an official complain thru the FOS, but after everything i told them on the phone they basically sent the Bank a 3 line summary of my complaint and everything i had said. Luckily the FOS letter sent to me gave me details of who is dealing with my complaint at Natwest so i have wrote a full 2 page letter explaining what happened in the branch in detail and im sending it off today. i will be keeping you all updated and hopefully get some results. I ended up being forced to cancel my account with natwest and it seems even tho i had a second account with them that i transferred my money in to it has successfully stopped the PDL's getting access to my money. i will keep you informed. Thanks to this site and members or none of this would have been possible and i would have been totally cleared out this week.

I am currently dealing with an eviction notice ( in the appropriate thread). Alongside this we will be defaulting on two payday loans due 28/09 ( 650 - wonga, 350 - one month loan). We are currently in negotiations with our mortgage company in a bid to suspend the eviction notice and as part of our supporting evidence we said we were entering into a payment plan with the PDL companies, unaware we actually had to default before we could do this. They are asking for documentation of the agreement.... it is crucial that we pay our mortgage and offer towards arrears this month. We get paid on the 27th and the PDL are due 28th. Because the situation is so dire we feel it's jeopardising too much to leave cancelling till the last minute Should we cancel the paying debit card and submit a CPA cancellation NOW or will that notify the PDL companies and risk them doing something dodgy? I really don't want to start up another bank account as we have only this month negotiated all kinds of agreements and we finally straight with brand new direct debits etc due to start this month. We bank with santander and the only card registered to pay the PDL companies is husbands although we do have a joint account. Is the above action enough to stop them stuffing up our account by debiting money?

The words 'responsible lending' I find a con. I know the amount of debt I am in is my own fault but the last year I have started up payment plans with them and tried to get myself back on track. I have 3 that I use still, WDA which this month I paid off in full and then had to reapply because it is a huge amount. Now I am having trouble with Quid Market. They gave me a PDL when I probably shouldn't have been accepted but it was a massive help none the less. Last month, I was going to pay off my loan in full so I didn't respond to any of the defferal messages and thought it would be dealt with. As I thought it had been dealt with and as I recieved a tiny bonus as well last month, I splashed out on my boyfriends birthday present before realising I may have over spent so I would apply for my QM loan due to me. When I went on my account area, it looked like it was saying my account was outstanding but I owed nothing, so I emailed their customer services and said you've made an error and I wish to reapply. They then said ohh no there was a fault so we didn't take the payment but out fault we will hold off and take payment at the end of the month. one hour later, I had my banks fraud squad on the phone for all these attempts to take money off my card. They told me the name of the company and because they were authorised card payments, there was little they could do. Fuming, I called QM to ask what they were playing at as they had admitted it was their fault. They refunded my money, which sat in uncleared funds for over a day until I called and demanded it back right now as i would probably get penalised and it was them who emptied my account. The end of the month comes along and with me starting a new job soon, I thought i should defer this loan and save a bit. I didn't get an email from them, so i emailed customer services and got no response. Payday comes around and they take full payment, bang on time. I thought OK, I'll just have to reapply for one, and as my WDA loan had been wiped by that one, I went to apply for it there and then. I sent through my details, as per, and they asked if they could have my new work details as I had explained I needed to change my paydate, I said I hadn't had them confirmed but I was still at my current place for the time being. Then I got a decline from them. Wasn't too panicked at first because, they had done this before and someone had 'ticked' the wrong box apparently. Anyway, I called and got through to possibly one of the most condescending idiots ever. He said they have a system and apparently the amount I pay out now is over that and therefore it would be irresponsible for them to lend to me. I said I've never not paid them back on time, where he then said I had last month, I said I could send them every email I had which they took all the blame. I said you didnt even send me a note that it was due, he said we did, we sent 5 and then ratteled off dates in July, I said I got those, I mean where were the ones in August. He then kept saying because you defaulted and we didn't charge you...I had to keep reminding him that I didn't default it was their fault. He said no no no, they were nice enough not t charge me, I said you admitted it was your fault. Anyway he gpes on to say he doesn't like turning customers away but they have to be responsible. It is my own fault but now, with 3 weeks until payday, I have nothing. Last year, I admitted to my mum I was in trouble and she helped me but we fell out massively and didn't speak for 3 months. I've just got a new job, I get to finally move up in the world and now I'm in a horrible position so I can't be happy about it. If I go to my mum again, it will be 100th handout probably and shes a single woman, 2 kids, I am an adult, who is useless. I am trying and I know it is my fault, but I have a new boyfriend who I'm scared will chuck me if he knows about this and also run the risk of falling out with my mum again. I've no one else to turn to and of course, the lure of applying for more PDL's to try and get myself back on track is failing as no one is willing to lend to me. I doubt there is anything else I can do besides see the dissapointment in my mums eyes again. My niece is having her first birthday party this weekend and I can't afford to get there let along buy her a present. I hate that everytime I think something is going right, something like this happens and it never seems to end. Advice or just understanding would be really welcome. I feel so alone when it comes to debt and no one understands. S

Hello All, Im new here but have been following for a long time, i was a very silly boy 2 years ago and took out a loan for £200 with Wonga, this quickly got out of control and ended up owing over £1000 every month to them. For some reason i though taking out other loans was the answer.... I have no idea why. Heres how i ended up - Wonga - £600 - £50 a month Speed e loans £340 - £30 a month Mr Lender - £390 - £39 a month Moneybox247 - £140 - £25 a month Txtloan - £112 - £56 a month EPDL - £180 - £30 a month Wage Day advance £180 - £60 a month (now closed and paid off) Speedcredit £100 loan not at over £500 and dealing with Marshall Hoares, will not be paying any more than £148 as paid £48int Minicredit £220 and awaiting to be sent to their inhouse DCA then can talk and arrange a payment plan with no silly charges, You cannot deal with the muppets on the phone. I have to admit that TXTloan have been the easiest to deal with and allowed me to change payments and payment days to suit. All of the others were very good too apart from the two obvious ones that we all know are a shambles. I feel 100% better at getting on the right road to settling these. I earn a very good wage yet still managed to make a complete hash of my finances which im totally embarrassed and ashamed about. I just want to show that that it is a nightmare but you have to deal with the debts head on and you will make headway into getting them sorted, and as others drop off then you can add that money to the others to pay them off. I dealt with all of these companies via email (apart from Speedcredit and Minicredit) with no issues at all.

Hi. I took out a loan with Speed Credit back in April, and have been paying either extension payments or partial repayments ever since. The original loan was £400, I have repaid £434, and still have a debt of over £600. It is to this end that I have written them an email today, and would appreciate any help from anyone with the letters/calls I am undoubtedly going to receive. Here is a copy of the email: To whom it may concern, I am giving you notice that this month, July 2012, I shall be paying the extension fee only. This is due to extenuating circumstances. I request that you calculate a repayment plan commencing next month, August 2012, on the 27th of each month, in order to reduce the debt. My original loan was for £400, and I have so far repaid £434, with an outstanding balance of £638. I will be paying the £96 tomorrow, the 27th July 2012, which will reduce my balance to £542. This will then incur charges of £12 per hundred per week, so next month the outstanding will be £796.24. This debt is becoming impossible to pay off in one month, so I request a reasonable repayment plan of £100 per month over 9 months. This will mean that the original loan of £400 will have generated a debt with total repayments of £1430. From my calculation, this would equate to an APR of 1888%. This would be beneficial to give me the peace of mind that my debt was being repaid, and wouldn't just keep spiralling out of control. With Regards, XXXXXX

Good evening. I don't normally ask for advice on things, but I've been reading this site for a while and it seems there is some truly excellent information on here. I have many PDL outstanding at the moment with companies including; Minicredit, TXTLoan, Payday Express, Lending Stream, Wonga, QuickQuid, Mr. Lender, Money Shop, Provident and Greenwoods. I was keeping good payments on Greenwoods and Provident until I lost a months earnings due to my car exploding (quite literally) and causing damage to somebodys property. My insurance excess was excess was massive, so I used my wages thinking I'd get my cars value back. I didn't. I took out PDL's to subsidise getting a new car, food, water etc for the month and was paying Wonga and QQ perfectly each time. I then got into such a hole with Wonga to the tune of 1250 which was at the time, my full wage. I sent them packing with a £50 pcm payment plan and QQ didn't get a penny. I went on and got suspended from work for 3 weeks w/o pay and had to relocate to Cambridge to continue working. That cost me a fortune and over Christmas I ended up taking out the other PDL's which I'm now struggling to afford having flown the nest. Various companies have been calling my emergency control contact centre at work which is a private number that we're given and told not to share. I never gave them these numbers. They've got hold of my mothers phone number, even though I've rung each one and told them to cut it out... And even the tenant of my mothers rented property (I've NEVER disclosed that number to a company). I'm really struggling as it is, and currently have about £60 spare per month once rent, fuel and bills is taken care of. I called pay plan who were the most pleasant people on earth, but I lost all the documentation when my new motor was broken into and now I don't want to seem like a time waster when I ring them with even more debt. I've e-mailed TXTLoan telling them my situation, they just send a generic response back. Wonga keep sending me F&F settlements of the amount + 1 Month Interest but I can't afford £800. QQ have got their DCA onto it at £450 Greenwoods... This is a joke, the agent begged me to take the loan out as it would make her figures look good and now I can't afford to pay her. Provident, I paid up until I moved when I was told there was no agent locally to take payment. All the others, just keep ringing and getting told to e-mail or write to me. What do I do?

Hi folks I am one of the silly people who have got in to a huge mess with payday loans.I have paid off a lot of them but I have 2 outstanding ones that I'm going to have to default on. Txtloan £117 due 6/09/12 Swift Sterling £205 due 21/9/11 I have worked out I can pay them both back £20 a month though I am not confident that either will accept this offer. What I'm wanting to know is what do I do if they don't accept the offer. Do I still send the payment or not? Many thanks.xx

Slow and steady wins the race..i have no more dealings with CFO and the Money shop..Take heart people it can be done x

Right I'm going to keep this short as possible I have about 6/7 PDL's and have informed them all on a number of occasions I am on a DMP with CCCS. My first payment is due to go out 1st August. Theres 4 things I need advice on (all different companies)... 1) Quickquid took £200 out of my account last month even though they knew about the DMP etc, so I had it reversed. My bank [HSBC] wrote to me stating the amount woud be taken again since they had receieved proof etc. So I rang up HSBC, and told them while I did owe QQ money, I had not authorised the £200 and that I wondered if they could hold off redebiting my account since there is no money in there - I have switched accounts now thanks to all the PDL taking money unauthorised.. I wrote to QuickQuid asking them to wait until my first payment through CCCS was made but had no reply. Fast forward to last week, and I discover that HSBC, even though they said they would hold the redebit until 6th August have taken it out. This has left me £200 over my overdraft limit... So what is best to say to them? 2) Minicredit have sent me their usual threatening letters, but the latest one stated if things werent settled by 7th august, they'd have no choice but to pursue legal action and what not: Should I be worried about this? 3) Marshall Hoarse Bailiffs: First of all: WHAT A BUNCH OF C***S! (Excuse my french ) I received a text from them about 30 minutes ago, and after searching the net cannot find anything similar: VISIT ARRANGED. Call now on 08433811111 to confirm a convenient time for this as waisted visits will be charged for if no contact is made and you are not home. Seriously? 'Waisted' ? Not only can they not spell, but they are now actually telling me they have arranged a visit. WHAT THE HELL DO I SAY TO THEM? As you can tell, I'm getting to the end of my tether with all these bullying tactics, and am starting to be worn down by the threats I'm receiving Please if anyone has any advice, I'd love to hear it

Hi, Can anyone help to point me in the right direction of a Payday Loan Replayment plan template letter? The companies I have accounts with are Wonga, Lending Stream and WDA. Thanks in advance

Hello All I have £4500 in PDL debt with many different companies and it is completely my own fault (it is much more than my monthly salary). I have been reading these threads for the past couple of weeks and it has provided me with piece of mind and conviction to stop this cycle of craziness. I have not yet defaulted or missed a payment on any of the PDLs or any other debt I have. The PDL debt is with companies that I have two years of history and successful repayment with, it has not always been revolving credit. When I look at my budget I have £500 spare per month after paying personal loans, rent, CC etc, so equates to 9 months to payback the existing PDL loans. I know I have no access to any other credit facility or extension of credit as all of those options are previously exhausted. Due to the share scale of my issue, should I try to deal with this myself or am I better off going through a free debt management service ? I do not want to touch or cause any issues with my prime debt so I do not want that considered. Thanks for your considered replies.

hi i have with wonga due to be paid at the end of the week i have no way of paying it nor the extension fee. ive heard wonga are very helpful with repayment plans im just wondering do i email them now saying i cant repay or wait till i default?. also who do i email there seems to be alot of addresses flying about? thanks any help appreciated.

Hi I am slowly managing to get through to a few PDL companies & successfully set up some payment plans. Is it safe for me to set up standing orders from my new bank account or would they then be able to find my bank details & raid my new account?

Hi all?? I am really starting to worry of recent times as my PDL are starting to get on top of me?? I currently have 4 and seem to just be constantly rolling them over and causing my self to go into more debt to live any sort of lifestyle. below i have listed the ones i have at this present moment!! Cheque centres 1227 Quick quid 600 MEN 187 Wonga 341 I am able to roll these over this month again but i honestly need to set up a repayment plan for them. How do i go about doing this?? Should i contact them myself offering what i can afford each month on a pro rata scale?? or should i contact cccs to set it up?? Wondering what is my next step as this is beginning to stress me out and i am not able to afford to continue these payments much longer!! Regards .......

:|Hi all I have a small mystery on my hands I took a payday loan with a company called '1 month loans' and got into a position where i could not pay it back on time. I have now took my head out of the sand and am trying to come to agreement to pay back the loan. Here lies the mystery I have received letters from a company called Daniels Silverman asking for £400+ I found an email from 1 month loans offering me a full and final settlement of less and emailed them to ask if this is still a current offer. I was told no - but that they had passed the debt on to Clarity and not Daniels Silverman! I called daniels and they have the debt showing for them to collect - Clarity have not made contact as yet. A friend has lent me some money to clear all these bits so i will be able to make a full and final offer but to who? I would like this one sorted as i have a few to sort out but cant get to the bottom of who should I pay and how much i should pay Anybody come across this before? Thanks Saffy

My circumstances have changed and i can not afford to pay these and continue rolling them over. I really need quite a lot of help and advice please, any will be greatly appreciated. I owe lending stream £415, but seem to be paying them back about £600 a month. I owe quick quid about £400, but pay back £250-£300 a month in interest and fees. I owe cash genie £100, and pay back £30 a month, every month. My main worries are them contacting my work, even if i have already contacted them first. Is there a standard notice that i can send them that means they cannot contact my work place? I have cancelled my card, reported lost, and ordered a new one. Can they still access my account through this new one, do i need to close the account and try to open another with another bank? How, and when do i contact them. Are there any letter/emails that i can use and send them. How much do i offer them, as my hours have been cut and my outgoings have increased massively. And how much information do i have to give them re my ins and outs? I have already paid back more than i borrowed, and i am willing to pay back the capital that i still owe, but i simply cant afford to pay back £1000 a month. I can afford say £50 a month for each starting this month. Is that good enought do you think. Also who and where do i contact these people. Thanking you all in advance.