Oh no not PayPlan again... AND a quick mention re: joanna connolly solicitors

[Fencey]

Hello again AAD team.

I'll get the joanna connolly solicitors / colin quinn bit out of the way first:

The only way to put it absolutely outstanding. Don't hesitate to have a conversation with any of the team there. You really want these people on side when that crappy CCJ notice (or whatever it's called) lands on your doorstep. I absolutely endorse JC & team.

(JC and team sorted out a nasty CCJ for me a few years ago completely painlessly and are right now dealing with another that landed at pretty much my lowest personal point last week)

RIGHT, now the PayPlan bit. My middle-born did his best to get out of a load of the worst kind of payday loan mess by - without speaking to me or his mum as he didn't want to bring us problems as we have enough of our own - by, obviously, going down the PayPlan route.

As recently as today he sent me the login details for his crappy payplanplus 'account' and looking through the backend, where it supposedly holds details of creditors / documents and so on, the lack of any useful detail is making me highly suspicious.

As are all the GLOWING reviews PayPlan has on the usual-suspect review sights (I can spot them a mile off as i used to write them (not for payplan) )

Anyway, there are absolutely NO details about what payplan has paid, no details about what is left to pay / what arrangements re: interest have been made. I have a sneaking suspicion this is old news to many of you.

The list of creditors doesn't make a lot of sense to me and contains no detail about any arrangement just names including the below:

Conexus Recovery & Field Services Limited
Connect IMP
DDC Financial Solutions
Lending Stream LLC
Lowell Financial at The Insolvency Exchange
PRA at The Insolvency Exchange
Provident Personal Credit Ltd

It also infers he has entered into an IVA, but on the 'IVA Documents' page, there is nothing.

I also believe some of the crappy paydayloan companies listed above have gone out of business. Also, he informs me a lot of the above would have been over 6 years ago.

I've had him stop the direct debit, as he cannot afford it and I suspect it's funding PayPlan salaries and bonuses and not much else.

I can't really expect any focused advice based on the above, I'm just looking for a general 'yes payplan is not to be trusted' or 'no give payplan all the money forever' pointer at this stage.

Anything else you can think re: best next steps greatly appreciated of course too.

THANKS!

[SarahSarah]

I have never had payday loans, so I can't speak to that experience or how that differs from banks, but here's what I know:

I was with Eurodebt for 10 years, towards the end of that decade they became Payplan and Eurodebt folded. In short, your hunch is correct - get out. While what they're doing is not illegal, it really does nothing other than save you have some difficult conversations with the creditors. I paid too much to Eurodebt out of fear of the unknown. Now you've found AAD, cancel Payplan, read as much as you can and get as much help as you can here. Go silent on debts and just wait it out. If I had found AAD before I started with Eurodebt, I'd be years in the clear by now. Total waste of time.

[Fencey]

Thanks ever so much Sarah, Great work and thanks for that once again.

[Still Waving]

I was with Payplan before I found AAD. Once I had read into the diaries here, I junked Payplan and took control myself, with total support from the AAD Mods and community. If I had found AAD two years earlier I would have saved a lot of payments to Payplan, and would probably not have ended up with a CCJ, concerning which Payplan were no help at all.