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continuous payment authority


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I have 3 payday loans that motormile are chasing me for and last week set up a payment plan with them on continuous payment authority. Now I am worried they will take more than the agreed amount when my wages go in. Did I do the wrong and if so how do I stop the payments. I am think of using StepChange now . Thanks for any advice.

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Yep. Mmf will strip your account clean

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

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  • 2 weeks later...

Hi, I don't know if you would prefer having the money taken out of your account but if you would like to make sure they only receive what you have set up, you can cancel the payment method and request a card to be send to you. You take it to a Pay Point and pay the amount you have agreed to pay on the agreed dates. It requires you having to go and do it rather than it automatically be taken but at least you know how much is being spent.

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