please can anyone help with cheque cahing loans

[aitch4h]

Hi there,

 

I have read some info on payday loans like PDUK QQ PDExpess but does anybody know what the problems or tips would be if you are not able to pay back cheque cashing loans like Harvey and Thomson, Cash converters or Money shop.

 

Thanks in advance!

[philmpv]

Hi there,

 

I have read some info on payday loans like PDUK QQ PDExpess but does anybody know what the problems or tips would be if you are not able to pay back cheque cashing loans like Harvey and Thomson, Cash converters or Money shop.

 

Thanks in advance!

 

Hi. I also have had this type of loan in the past. Essentially, it's not much different from online payday loans.

 

The cheques will bounce if there is insufficient funds in your account (unless you used a guarantee card, in which case your bank will cover up to two cheques or just one, depending on your bank), and then refuse to honour the rest). Your bank will then charge you for the dishonoured cheques, and you will get phone calls and emails from H&T demanding payment, making threats etc. Do as you usually would, and try to come to a payment agreement with them. They will usually accept a reasonable offer of staged payments.

[aitch4h]

these cheque loans were taken out at the local shop/branch.

Please can anyone advise if its best to deal with the local shop or try and contact head office? Also is it best to call or deliver a letter explaining circumstances and asking them to freeze charges? Thanks - geez this so stressful.