QuickQuid Repayment plan > 4 months?

[PDLVictim]

Hi everyone,

 

As you probably read in my other post I had several payday loans with multiple lenders for years, and since beginning of this year I am trying to "break out" of this "spirale of debt".

 

With Quick Quid alone I had so far 27 loans, paying a total of 6,355.00 GBP in interest alone. The latest still active loan of 1,800.00 GBP (including interest) I took out in February this year. I contacted them twice since for a repayment plan, but only managed to set up one over 4 months. They informed me twice that this is the maximum they can do for me.

 

I paid 3 of the 4 instalments, but am struggling to pay the last one (438.00 GBP) end of this month.

 

Ideally I would have thought to come with them directly to a mutual agreement, as a long-term customer, and as I am obviously willing to repay, and would prefer not to have them passed it on to a DCA. Most of my other PDL lenders I borrowed from agreed to plans lasting 8 - 12 months.

 

My question therefore is if anyone on this forum ever managed to agree a repayment plan for more than 4 months with them (with them directly, not with a DCA)?

 

Any help is much appreciated!

 

Thank you

[renegadeimp]

Work out your incomings and outgoings ( spend some time on it so you know the true amounts), then fill in a budget summary. Under OFT guidance on debt collection, Creditors MUST take that into account and come to a repayment plan that doesnt leave you in further hardship. They are also not allowed to decide the repayments based on your summary.

 

We've even had reports of a PDL actually questioning why a debtors travel costs to work were so high, even though they were told that they lived a good distance away from work. If they refuse, then you withhold payment until they accept YOUR proposal for a repayment plan. When they accept or you want to make a token payment, you pay by Giro slip or standing order ONLY. That is unless you have a throw-away bank account you know you cant go overdrawn on. PDL's are known for taking a direct debit or debit card details and completely stripping a bank account bare, even though the debtor owed much less or a lower amount was agreed on.

[2009dg]

I have got them to agree to 12 months but not agree to the amount I can afford!