Best way to handle several PDL accounts

[jamie1991]

Hello

 

I have various outstanding PDL loans that I've been ignoring and need advice on the best way to sort them out. I want to begin repairing my credit file ASAP.

 

Wageday. Default £286 Not paid since Nov 15

Lending Stream. Default £507 Not paid since Sept 15

Uncle Buck Default £307 Not paid since Oct 15

Instant Cash Loans t/a Payday UK Late Payment £608 Not paid since Jun 16

 

I also show two settled accounts:

 

Pixie Loans LTD and Mr Lender - both of these accounts I've received letters chasing the debts from CRS and SLL Capital. What does this mean? These two companies who the letters are from aren't on any of my credit reports.

 

My account with Instant Cash loans hasn't defaulted. If I ring them and agree a payment plan will it default?

 

I have already rung Uncle Buck and agreed to clear the debt in two months with a partial settlement. Was this the best thing to do?

 

My overall objective is to prevent any CCJs.

 

Thanks for reading

[Stigman]

Hi,

 

First of all with that many payday loans I would be going down the irresponsible lending route & looking to get these debts written off or what you have paid refunded.

 

A Link here to a Cagger who won against irresponsible lending... http://www.consumeractiongroup.co.uk/forum/showthread.php?440602-Payday-Express-txtloan-irresponsible-lending-complaint-**WON-COMPO-from-both**

 

All charges can be either reclaimed or used to offset the balance.

 

Stigman

[fkofilee]

Let me grab some lunch and I'll be on to have a look

[fkofilee]

Right ... Welcome to CAG first off.

 

Interesting standing. I dont feel ther is much of a case for irresponsible lending...

Youve had just 6 loans overall, so we will need to do this differently.

 

A defaulted account thats paid off doesnt means its good for your CRA...

 

SLL would be more likely to go legal. I hear of cases where they do this quite often.

 

CRS are toothless so you can ignore them for now

 

Sit down and do a detailed Income and Expenditure. See how much you can afford if you are determined to pay these off.

A default will on be on your CRA for 6 years regardless of date...