Payday loands (+O/D) and changes in income

[paydayjoke]

Dear CAG,

 

I have some ongoing repayment plans with various PDL companies.

 

These total somewhere around £115 a month

 

I also have an overdraft with Halifax which is costing me ~ 90/month (next month will be more as I went into unauthorised when last months charges were added).

 

As you know it can take quite a bit of negotiating to get these plans setup.

 

For the past two months I have been receiving JSA at the grand total of £280.

 

My rent is £300 which I don't get housing benefit for unfortunately.

 

As you can see I am already in a defecit (though my rent has been getting paid one way or another and I have been managing to eat and pay electricity etc)

 

Can I re-write to these PDL companies and offer token £1-£10 p/m each until things get better? One of them Lending Stream I have just been sending £5 the last couple of months instead of £35 and they haven't chased me over it (put it is showing as x months late on my credit file). I did contact them saying I couldn't afford 35 anymore and they wanted me to call but I didn't.

 

If I am paying something towards them they have to accept it surely as I simply don't have the money?

 

Secondly this overdraft issue; the fees each month are killing me. I want to ask halifax to freeze interest - would this mean defaulting first? Preferably I get the balance frozen at a point before too many months of charges are added. I don't mind getting defaulted as my credit record is such a mess and will be for 3 - 6 years or however long these things take to drop off.

 

 

Thanks for any advice

[renegadeimp]

Easy. You are on benefits. SO this is what you do. Secure your account, opening a parachute account if possible. Then you pay the lenders, £1 a month. Thats it. If they were stupid to take you to court after you told them this in writing, a judge would side with you. Especially if they have added charges and interest on top when you have informed them you cant meet the debt.

[dakky]

Is that including halifax?

[renegadeimp]

High priority debts first, low priority debts second, PDL's last.

[dakky]

Cheers renegadeimp, just needed some confidence from here.

 

Just write them a letter via recorded delivery stating the above i suppose? Will email do?

 

So annoying I opened another account with barclays but now wonga and quickquid have those details. I hope they dont raid account

 

And then set a £1 - payment going

[renegadeimp]

YOu can do it by email, but most times they are rarely read. Its easier to do it in writing, and send by recorded delivery or get free proof of posting.

[paydayjoke]

lol well I sent wonga an email and also £1 to bank details 40-06-09 21544926 which I found online and it came back to me twice.

 

Dunno if they sent it back or if the details are wrong. waiting on a reply to their email Need to deal with halifax really

[paydayjoke]

this is what I sent... Fair enough?

 

Dear Sirs,

 

I called the other day and was told that the assessment team would be in touch but I haven't heard anything so I am writing to you now. I will follow up with a phone call but I think it is important to have these things in writing.

 

I am currently on benefits and can not meet my debts.

 

I had a repayment plan for £25 a month per month to be reviewed after three months. I thought I had one more month set at £25 but then realised i hadn't hence calling on Saturday.

 

I would be happy to provide a basic income and expenditure break down, but the gist of it is is that I receive £71 p/w and don't get even get housing benefit to cover my rent so have been begging and borrowing to get by recently.

 

I would like to pay off my debts obviously. Please don't start adding unfair and unlawful interest and charges to my account. I have sent a token payment for this month to bank; 40-06-09 21544926 with reference xxxxxx