payday loan hell, now Mckenzie Hall chasing. **

[hotmamma]

Hi All,

I have been reading the threads on here for the last couple of months. I am hoping that by posting my own sorry taleothers may be able to offer some much needed support and advice:)

Ok, here goes...I owe payday express 355.00

Quick Quid 500.00 + 115.00 interest (615.00)

Wage Day Advance 325.00+65.00= 390.00

I defaulted on all 3 of these loans last month. I had basically been in the trap of reloaning and paying 300.00 a month interest every month for a year. I followed the advice given on this site and reported my debit card as lost, cancelled dd'd and had wages paid into a seperate account.

I sent a copy of my income and expenditure to all three companies and set up standing orders for 5.00 a month (all I can afford) to pde and wda. I was unable to do so for qq as they wont give me their account details.

I have received a letter from pde who have accepted my proposal but havnt heard much from wda or qq. I have had a couple of phone calls and emails and 1 letter from qq, basically saying my account is in default and 'collection activities will continue', and have had 2 x emails from wda asking me to give alternate debit card details (I am not going to). I did telephone wda and qq who I have to say have been surprisingly corteous and helpfull, however, I am worried there is worse to come. I am scared dca will turn up at my door or I will be taken to court. Im worried sick and want this mess sorted out. Anyone who has any advice please reply

[T2upNorth]

Hi hotmamma

 

You have taken the right steps so far. All you can do is continue to make offers of what you can afford to them.

 

The chances of being taken to court are minimal, these types dont want their business practices made too public.

 

DCA's are not a problem - they have to operate within the law, despite what they claim.

 

I would keep all communication in writing - you need the paper trail and these people will say one thing and do another.

 

Your parachute account and SO is good - keep it that way, or they will try to plunder your account.

 

Hopefully mjc007.5 will be along to look in - he's one of the resident experts on PDL issues.

 

good luck

T2

[MsWeatherwax]

I had basically been in the trap of reloaning and paying 300.00 a month interest every month for a year.

 

Aaaargh, remember it well. £3600 over the course of the year....

 

You've done everything right, and my experience was that no debt collectors ever called. The worst part was the incessant phone calls to my work place, but there are letter templates on here that will knock that on the head as well.

 

You've made an offer of payment, stick to your guns and eventually things will get better. You've paid an obscene amount of money back to these people, so cut yourself some slack. You're through the worst part TBH.

[hotmamma]

Hi,

thanks both for your replies, I have to say I had never considered how much interest I had paid, I cant believe its that much.

I think it is the silence that is worrying me, as I said apart from a couple of calls and emails, and 1 letter, I havnt heard much yet.....

[sillygirl1]

I think WagedayAdvance may be in trouble, they are widely being pushed by other companies as being a 'preferred lender' but quite honestly they are just as bad as the others.

 

Watch for people trying to get hold of your bank details, several have tried (and failed) by ringing me up and saying "We need to confirm your bank account details..." I say "Sorry, I will do that in a branch" and put the phone down.

 

I know what you mean about the silence, you are trying not to get paranoid and work out other ways they may be trying to 'trap' you into revealing your bank details.

 

Good luck and don't forget that any online application form that needs your bank details SHOULDN'T be filled in with an account your salary goes into, 'just in case'.

[hotmamma]

Thats really good advice, I cant believe how sneaky they are, I owe other lenders far more and have had realitively few problems!

[MsWeatherwax]

Hi,

thanks both for your replies, I have to say I had never considered how much interest I had paid, I cant believe its that much.

I think it is the silence that is worrying me, as I said apart from a couple of calls and emails, and 1 letter, I havnt heard much yet.....

 

No problems, it's nice to be able to help.

 

I'm not ashamed to admit that I sat down and cried when I realised how much interest (well, "rollover" fees) I had paid. Suffice to say I could have paid 4 months rent with it, nearly 5, which where I live is a big whack of cash. I've pretty much paid back all the original loans now, but even I think I'm clinically insane for doing that. They'd all had the original loans back 5x over by the time I'd paid all the interest - after I get through the bank charges drama, I might see about getting something back from this lot, TBH. I'd dearly love them all to be shut down.

[hotmamma]

Hi,

I last posted in Sept 2009 when I defaulted on 3 payday loans: so far have set up arrangements and standing orders with payday express and wageday advance. Tried and failed to come to an agreement with quick quid. Despite numerous offers, emails etc I am yet to pay them. Today recieved an email from Mckenzie Hall asking me to ring them. Didnt give a reason, but I assume it has been passed to them via qq. I responded by saying I am unable to telephone and can only respond via email or letter.

Anyone got any advice, I want to pay but cant afford the full amount, help please im scared as I have heard they are really nasty:(

[Woozel]

Hi hotmamma. Have you written to them to arrange a payment plan? Have you had a look at the debt collection forum? There's loads of advice there on how to deal with these people. Don't be scared, there are people here who can help.

[hotmamma]

hi,

thanks for reply, havnt got that far,so far, they havnt actually said why they want to contact me, if anyone has had any dealings with them please let me know:|

[maroondevo52]

Threads merged and moved.

[hillards]

...an email from Mckenzie Hall...

Did you hear the clang as this account hit the bottom of the debt collector pile?

 

Muck Hall being involved suggests that there is no chance of the company concerned every getting a penny more from you. LOADS of threads on that wonderful bunch of doughnut eaters (un-sugared these days). Search the CAG site, read more, and you'll understand.

 

The suggestion now is to send a letter to Muck Hall, saying you do not acknowledge any debt to them, (lots of letter templates around here too) and ask them to send proof etc. Some would suggest sending a CCA request, but that will cost you a pound and would probably be a waste of time as they can't normally produce such paperwork.

 

Don't be scared, don't phone them, don't confirm any security details if they call you, don't use email. Make sure you have everything in writing from them and ensure that any letter you send them is via recorded delivery, so they can't say then never got it.

 

Several people on here have had dealings with this lot. Last time they called my friend she started to chat to the caller about the recipe she was trying for dinner that night, and totally ignored everything they said! They get fed up and hang up. If they try talking to you without confirming who you are then they are in breach of the Data Protection act, and they know it.

 

That does not stop them making nasty threats, but that's all they are, threats. Learn to ignore these, just hang up if they start. If they persist just repeat over and over 'put it in writing please', 'put it in writing please' until they hang up.

[Huff&Puff]

Standard advice - Never speak to them on the phone, they are experts at bullying people into paying, whether the alleged debt is real or not. Send all letters by recorded delivery in case they "lose" them. Do not sign letters, just print your name, so that they can't get creative with Photoshop.

[ODC]

Anthrax alert at debt collectors caused by box of doughnuts - The Daily Record