Marling pdl diary

[SaltnVinegar]

Re: Marling pdl diary

my gurantor is my best mate he has stood by me thru my hard times and was dubious about this in the first place. i gave him my word this would be priority over anything, i still stand by this. i made july's payment yesterday via card payment on my new bank account..........if its ok i would like to carry on paying this if its ok ??

Of course its ok

As this is your best mate that could potentially be affected by this also this is probably one of the rare times where I would agree with paying.

You could argue that your best mate was also of the understanding that he could be liable should you default on the loan but lets not go there!

will the other pdl's find out/ be able to do anything ??

Do you mean would they be able to get your card new details from Amigo? Highly unlikely, they're not financially associated, so you should be fine. Just don't give them to anyone else.

if not i will have to send my friend the money and let him pay it monthly from his account.......

No - don't do this....

wonga is the only default so far with the others in next few days, which templat do you thin i should send wonga please ?

What communication, if any, have you had from them yet?

What you send next depends on what you want to do and can afford.

TBH I would be tempted to tell Quickquid to go forth and multiply as there is the argument regards irresponsible lending but lets see what they say first.

Best
SnV

[marling]

Re: Marling pdl diary

thanks snv

re"will the other pdl's find out/ be able to do anything ??"

i was meaning if they found out i was paying this one(amigo) and not the others oustanding, anyhow pleased with your opinion you have already posted.

re others:

dont forget last week i changed both my mobile & landline numbers so phone contact is not possible - its been heaven

wonga
an email from them to click a link, this takes you to a page to update your personal information etc, i have done nothing to this page.
also a letter "overdue account- please call"
looks like they have also added a late payment fee to the total.

poundstopocket
an email "notice of default sums"
late fee £12
please call to reslove this matter etc

paydayexpress & quickquid yet to make contact

new bankcard from original bank account has arrived.

thanks in advance for help
cheers marling

[Never-In-Doubt]

Re: Marling pdl diary

It doesn't matter if the others find out you're paying Amigo. Just continue with the repayments and seriously, don't ever ask mates to guarantor for you. As you've seen here, you're --> this <-- close to losing a "best mate". Is it worth it for a few hundred quid?

If they were that good a mate they'd give you the money for interest free. I would. In fact I have - recently. Lent a mate £500 for 2 months. He paid it back. All is well. I chose to do that to stop him going down the PDL route. It's a deadly spiral once you start.

Clear amigo as agreed and then when we (SnV) helps you get rid of the others - dont apply again. It's not worth it.

You'll be fine. Just continue with amigo as agreed.

[SaltnVinegar]

Re: Marling pdl diary

re"will the other pdl's find out/ be able to do anything ??"

i was meaning if they found out i was paying this one(amigo) and not the others oustanding, anyhow pleased with your opinion you have already posted.

Ok - so its very very unlikely they would find out. The only way they would be able to guess would be if in a few months time that they checked your credit file and noticed that your payments have continued.

What can they do about it? Absolutely nothing. Unless they get enforcement from the courts then its your choice who you wish to pay.

So that leads onto the next question. What do YOU want to do about this?

You need to understand the risks - you will most likely have the conduct of your account registered with the credit reference agencies so it'll make getting credit harder for you.

However chances are you won't care about this for a while anyway

There is a miniscule chance they could apply to a court to get a CCJ - but its exactly that - miniscule.

So what do you want to do? You could write and tell them that you are unable to pay them nothing back right now, or you could write and offer them some sort of token payment.

Only problem I have with token payments is that if you want to get the debt to statute barred (which takes 6 years) then you need to pay, and acknowledge nothing.

I need you to guide me on what you're comfortable with then we can take things from there.

Best
SnV

[SaltnVinegar]

Re: Marling pdl diary

wonga
an email from them to click a link, this takes you to a page to update your personal information etc, i have done nothing to this page.
also a letter "overdue account- please call"
looks like they have also added a late payment fee to the total.

poundstopocket
an email "notice of default sums"
late fee £12
please call to reslove this matter etc

Just a quickie - yes they will apply charges and interest. We'll get together a letter for you to send very soon as I'll try and see if we can get any interest frozen (though won't get your hopes up its rare). That is of course if you want to make a payment offer. If you don't or are unable to right now then can help with that too.

Whats important right now is that you keep ALL correspondence they send you. Don't throw any of it. The more threatening they are towards you is actually the better right now (ironically).

Best
SnV

[Tinkers78]

Re: Marling pdl diary

Hi marling

Salt n vinegar is ace at this stuff, he helped me a lot, you should maybe read thru my hell of payday loans for some insight and lots of advice from salt n vinegar.
I'm now on payment arrangements for all and not getting any hassle at all!
Good on ya for changing yous numbers! Done that myself

[marling]

Re: Marling pdl diary

hi snv
cheers for posts

not at all bothered about my credit rating, not an issue.
i think if they went for ccj it would help me as im on very low income and they would get £1 a month most likely.

the route i would like to take is getting the interest frozen, whether or not this needs a token payment or no payment at all,
unlikely i would be going down the statute barred route.

no further correspondence as yet

await your reply and thanks again

regards
marling

[marling]

Re: Marling pdl diary

Hi marling

Salt n vinegar is ace at this stuff, he helped me a lot, you should maybe read thru my hell of payday loans for some insight and lots of advice from salt n vinegar.
I'm now on payment arrangements for all and not getting any hassle at all!
Good on ya for changing yous numbers! Done that myself

hi tinkers
it was actully reading your post that made my mind up to go down that route, hand forced as well really.
will read it in full soon, thanks for posting
cheers marling

[SaltnVinegar]

Re: Marling pdl diary

not at all bothered about my credit rating, not an issue. i think if they went for ccj it would help me as im on very low income and they would get £1 a month most likely.

Ok no problem - are you working? If not are you claiming any benefits?

What other creditors/debts do you have?

And last question (for now ) - are you renting or do you own your own home?

the route i would like to take is getting the interest frozen, whether or not this needs a token payment or no payment at all,

We'll make it this simple for them - they freeze interest or they'll be getting no payment at all anyway

unlikely i would be going down the statute barred route

Once you stop paying you already are

You don't acknowledge the debt, don't make any payments then SB is always in play.

no further correspondence as yet

Ok, again not a problem - we'll get something put together for you before the weekend to send to all of them.

Best
SnV

[Tinkers78]

Re: Marling pdl diary

Well done for deciding!
I was lucky to find this site when I did as I was in a bad way, lots of help and advice by everyone ��
Stay strong and keep focused & listen to what these guys are saying, they know their stuff and should continued to be supported, they give up a lot of their own time to help.
Glad my posts helped, will be there for any advice needed ��

Roll on 2014 when I will finally be free of debt! Yeeoooo

[marling]

Re: Marling pdl diary

hi snv

i am self employed(just, struggling at the mo), on working tax credits.

i have this thread also on unenforcability http://forums.all-about-debt.co.uk/s...hlight=marling
i owe over £70k, at the moment things are very quiet and have the odd general get in touch letter.

i own my own home, it was on a suspended re-possesion order, but did get it payed off, recently fell into small arrears.

recent email from quickquid stating overdue amount

thanks
marling

[SaltnVinegar]

Re: Marling pdl diary

hi snv

i am self employed(just, struggling at the mo), on working tax credits.

i have this thread also on unenforcability http://forums.all-about-debt.co.uk/s...hlight=marling
i owe over £70k, at the moment things are very quiet and have the odd general get in touch letter.

i own my own home, it was on a suspended re-possesion order, but did get it payed off, recently fell into small arrears.

recent email from quickquid stating overdue amount

thanks
marling

Thanks Marling

As you're self employed this actually works in your favour quite a lot also.

Hang tight - I'm reading through your UE diary to try to make sure I don't miss anything then I'll put together a letter you can send to them all.

I know you'll be wondering what we can so this is what I'm thinking right now for you:

Right now you are going to offer them nothing. You're going to tell them you cannot afford to repay, you're now on working tax credits, and that you're receiving advice on the what your options are and that any contact while you are doing this will be stressful and harassment.

The risk with this is that of course they will add interest (but they will do this anyway). There is a tiny tiny tiny chance they may look to get a CCJ by default but if we approach this correctly that chance is absolutely minimal and that risk is present anyway.

You comfortable with that?

Best

SnV

[marling]

Re: Marling pdl diary

Thanks Marling

As you're self employed this actually works in your favour quite a lot also.

Hang tight - I'm reading through your UE diary to try to make sure I don't miss anything then I'll put together a letter you can send to them all.

I know you'll be wondering what we can so this is what I'm thinking right now for you:

Right now you are going to offer them nothing. You're going to tell them you cannot afford to repay, you're now on working tax credits, and that you're receiving advice on the what your options are and that any contact while you are doing this will be stressful and harassment.

The risk with this is that of course they will add interest (but they will do this anyway). There is a tiny tiny tiny chance they may look to get a CCJ by default but if we approach this correctly that chance is absolutely minimal and that risk is present anyway.

You comfortable with that?

Best

SnV

thank you snv

yes fine with that, ccj not a problem either

regards marling

[marling]

Re: Marling pdl diary

hi snv
quickquid overdue payment email
any update on emails to send out snv
all the best
marling

[SaltnVinegar]

Re: Marling pdl diary

Hi Marling

Really sorry - I totally forgot to get back to you as I was stupidly busy over the weekend. Back to work now for a rest.

Ok so the letter you could send:

Dear <Insert name of payday loan company here>

Ref: <Insert account reference number here>

I am writing to you regards the above account.

As you should no doubt be aware I am self employed. Because of the financial crisis, my business levels are suffering, and my income has reduced so significantly that I am now having to consider my options.

Consequently I will be unable to pay the balance on the aforementioned account.

Be advised that sending me letters demanding full payment is pointless - I currently am unable to even meet essential financial commitments. Therefore any such communication from you will be considered harassment and an attempt to apply pressure on me into making payments I am unable to afford.

I am currently receiving professional debt advice on what options I have open to me. As you hold a consumer credit license issued by the Office of Fair Trading, my expectation is that you will adhere to their guidelines on dealing with people who are obtaining professional help on their financial situation.

Please note I am fully aware of these guidelines and any transgression on your part will be reported not just to the OFT but other regulatory bodies.

I trust this will not be necessary and that you will extend understanding towards the change in my circumstances.

I request that you freeze all interest on this account as increasing the balance will not serve either parties at this time.

Regards

Marling