Too many Payday Loans Please Help. **

[robjam1969]

Hi Aine and welcome to CAG.

 

First of all a few of us here have been in your position and there is a way out albeit time consuming and plenty of irrating calls from these companies.

 

First of all consider a parachute bank account to have your salary paid in to, these companies will not hesitate to take money from your account even without your permission. Alternatively report your card as lost and get replacement. Also ensure all DD's are cancelled and check daily to ensure they have not been reinststed by the companies. Once you get to this stage you can then decide how much you pay back and to who.

 

Make offers in writing to all companies, £10 a week if thats all you can afford. You will gets lots of calls and e-mails. Stand firm and they will have to come to an arrangement with you. Any payments you do make do by Standing order or over bank counter (you get to keep control).

 

Most of the companies you mention will take lower payments, just stand firm and don't be bullied.

 

The main problem is the phone calls, if you can put up with this you will eventaully gain control.

 

Take time to read the forums as lots of info on the various companies and their individual approaches.

 

Good luck.

[robjam1969]

Hi Aine

 

A good starting point.

 

If you are keeping your existing bank account remember to be vigilant. I would not leave sizable amounts of cash in it just in case. They of course no when your salary goes in. I would get up early on pay day! Any card payments on cancelled cards should be blocked but some do sneak through. Hard to then get it refunded.

 

Uncle Buck will definately try and set up direct debit and a fair chance Quick Quid will as well. You will need to do regular checks.

 

keep posting

[robjam1969]

Hi Aine

 

You are making a good start. Only agree to uncle bucks offer if you can realistically afford it - bearing in mind you have to offer the others something.

 

I coulnt reach agreement with them and have paid nothing for 6 months. They threaten you with Meritforce who are not interested and will pass back to UB.

 

What you say about the banks approach to DIrect debits rings true! Never mind if your salary goes elsewhere your old bank will have to whistle for any charges.

[robjam1969]

Sorry MJC we seem to have responded at same time good to see you getting control back yourself:cool:

 

Robjam

[robjam1969]

Hi Aine

 

That's fine

 

Just stick to your guns. When they realise you can't be bullied they will have to negotiate.

 

Highly unlikely you will get authorisation charges. They are just trying to scare you in to letting their payment go through.

 

Keep going

[robjam1969]

Hi Aine

 

All you can do is wait. Some might still attempt to take the money and then start chasing you when that fails.

 

WDA, OML happily accept low monthly figues (you may get away with a tenner if need be)

 

PTP - are always difficult and you will have to wait until they pass to Clarity who are a doddle to deal with. QQ are very similar albeit happily accept payment over 3 months if you can manage it. they too pass to DCA.

 

I haven't dealt with your other lenders.

 

Don't worry they will all be in touch in due course

[robjam1969]

Personally Aine I would still have the biscuits, keep your mum happy and put some weight back on:)

 

Don't lose sleep over any of this.

 

Having said that I might start budgeting, I could do with losing some weight:p

[robjam1969]

Hi aine

 

I would be tempted to wait till quick quid pass to DCA - usually 1st credit who are at least in the UK. I cca'd them when they contacted me and have heard nothing for 3 months apart from an acknowledgement.

 

as they are American unlikely their agreements will stand up here and perhaps won't perdue small amounts.