I took a loan with swift sterling but my job offer fell through

[roxiejarrigan]

Im currently on job seekers allowance and have been looking for a job for ages. My luck suddenly looked up and I was offered a job working in a call center through an agency. Knowing I would be getting paid within the month I took a payday loan through a company called swift sterling. Unfortunately, the job offer I was given has fallen through and left me In big trouble. There's no way Ill be able to pay swift sterling back on time. Just a huge kick in the teethe, thing were looking great. I don't know what to expect when the they try to take the repayment and my bank balance is nearly on zero. Has anyone got any advice they could offer? I know I was a bit naive taken the loan in the first place, but I was told the job was mine.

[Bombaymix]

Email SS before you're due to default and ask them to set up a repayment plan.

 

Obviously due to you being on JSA now the offer of payment should be ONLY what you can afford.

 

Secure your bank account. We've heard it plenty of times that PDL company's have raided people bank account and left people with unauthorised overdrafts. Advise the bank that your account has been compromised and they are NOT to authorise any payments to SS.

 

SS will probably come back shouting and stamping and kicking their feet.... Any of this, come back here and tell us! We can advise best on how to deal with this.

 

So, for starters! Get your finances secure! If you do not protect your money, SS will possibly take every last penny from your account and still claim you owe them a fortune!

[shazbird]

Does anybody have the bank details for swift sterling as i want to do a repayment plan but they wont let me

[renegadeimp]

If they wont, then send them a postal order for what you can pay and send it by recorded delivery and check receipt. Deduct the cost of the PO and stationary used fromt he total debt. If the lender refuses to make a repayment plan ( a gross violation of their credit licence terms), then you have no choice but to do that and a court would easily side with you, as it shows you are trying your all to pay off the debt, but the lender is ignoring you.

[shazbird]

I rang them.last night they said i have tobwait to default which is next sat and i will get charged 59 for a late fee i want to repay but cant afford it all as each month am borrowing off them.so i need to do a plan ive sent a email heard nothing so all need is there bank details

[renegadeimp]

Stop ringing them. DO NOT USE THE PHONE. Please, PLEASE keep everything in writing. They also cannot charge ANYTHING for a late fee as it is unlawful and unenforceable under UK law.

 

You are falling right into their trap of them ignoring you, then hiking up the debt, and you blindly repaying it.

[shazbird]

I did last night but emailed today

[renegadeimp]

If they refuse, just do as i outlined above. They'll soon sit up and take notice. Make sure to send a letter with the PO.

[shazbird]

I would prefer standing order can u help x

[shazbird]

Swift sterling emailed me today saying i had to ring in and i dont want to.a.i want us there bank details what do i do now ?

[shazbird]

Anyone am getting worried x

[renegadeimp]

Why are you worried? Just keep sending an email or letter until they cooperate.

[shazbird]

They just keep saying ring in but my payment is due next fri i want to do a repayment plan ie pay a fee on that day x

[renegadeimp]

I think the details are on this site somewhere but remember, repayments are made when YOU want to do them. Not when the lender is forcing you to as they are currently doing.

[shazbird]

What can i do ?

[renegadeimp]

Have a search for the details, or just do as i said regarding the Postal Order. You are worrying way too much which is exactly what they want you to do.

[shazbird]

I cant find the details all.i need is there bank details ive cancelled ny card today x