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Hi there. I'm really hoping that there is some1 out there that can help me with a stupid situation i have landed myself in!!! Back in August this year i took out about 5 payday loans. Stupid i know, but i was desperate at the time!! Anyway, 1 is with DEBITCARD LOANS, 1 with WAGES TODAY, 1 with PAYDAY EXPRESS, 1 with TOTAL HOME LOANS (THL) and 1 with PAYDAY UK. Although theres a few companies here, the total amout i borrowed was just over £1000. I have learnt my mistake! I would be grateful of any advice in dealing with these companies as i have totally ignored the 20 odd phonecalls i get a day, and the letters are 'filed' in the cupboard! I realise now that i have got to pay these and they are not going to go away!!!

ANY ADVICE PLEASE???????????

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Hi Ms Brocko

 

I am guessing that your bank account is safe from these companies as they are chasing you. If not make sure you 'lose' debit card and get new one. Also watch account for direct debits being set up. On line banking helps here. Also Debit Card Loans will try and set up a standing order with documentation you would have given them at the application stage.

 

When your funds are safe you can make these companies offers of repayment on terms that you are comfortable with and can afford. Insist as part of this process that they freeze interest.

 

Worth having a good read of this forum as lots of hints on what to expect.

 

Good luck.

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hi there robjam

thanks for the response. i did have to 'lose' my debit card as they were helping theirselves to my cash! i also opened a new bank account as they were repeatedly trying to set up standing orders etc. my money is definatly safe from them now! thankyou for your advice, its been much appreciated.

thanx

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