Loan with Capital Finance One

[jaylee768]

Hi everyone,

 

I'm new here so hopefully i'm not asking for help too quickly!

 

I stupidly took out a loan with Capital Finance One of £235, the payment plus interest is due tomorrow (about £320). I could rollover the loan to next week which will cost me £80+. I get paid £200 tomorrow but that's going straight on my rent so i can't afford to either rollover the loan or pay it off in full.

 

I've cancelled my debit card so i'm presuming they can't take any money out whatsoever? Am i correct in saying this? I've emailed them saying i can repay the original loan amount next week with the interest on top the week after.

 

I have planned to pay it back but just can't do it this week and if they take any money out of my account tomorrow then i'm pretty much screwed. Is there anything else i can do to make sure they won't take any money out?

 

Thanks in advance

Jay

[Hattyjack]

Hi Jay

 

As long as you have cancelled your debit card they can nit access funds from your account. Make sure you do not reapply for any further loans as they trade under different loan company and will obtain your card detail from this and clear out your account.They will add charges to your account so advise them of the date you are going to pay and call on this date and just advise that you only pay to clear the loan and they will accept this.

 

Hope this helps Hatty

[Amelia-Jade]

Hi Jay

 

As long as you have cancelled your debit card they can nit access funds from your account. Make sure you do not reapply for any further loans as they trade under different loan company and will obtain your card detail from this and clear out your account.They will add charges to your account so advise them of the date you are going to pay and call on this date and just advise that you only pay to clear the loan and they will accept this.

 

Hope this helps Hatty

 

If you cancel your card they can still get hold of your money. Trust me I know.

 

I would open a new bank account and have my wages transferred in there.

[Conniff]

If you cancel your card they can still get hold of your money. Trust me I know.

 

I would open a new bank account and have my wages transferred in there.

 

That is very sound advice

[BRIGADIER2JCS]

Hi Jay

 

As long as you have cancelled your debit card they can nit access funds from your account. Make sure you do not reapply for any further loans as they trade under different loan company and will obtain your card detail from this and clear out your account.They will add charges to your account so advise them of the date you are going to pay and call on this date and just advise that you only pay to clear the loan and they will accept this.

 

Hope this helps Hatty

 

The fact is even if you cancel your debit card with your current bank this often

not stop access to your account, the account number and obviously the name on the account

remain the same, automated systemes can seek out the account number and access the account.

The only way to be sure is to change your bank.

[BRIGADIER2JCS]

I have unapproved your post poolie22789.

The advive was unsuitable and can cause

serious repercussions.