How to beat PaydayUK and not pay them back

If you can’t pay PaydayUK Payday Loan and now they are chasing you, it is time to beat them at their own game. Middle of the month, overdraft maxed out, bills, food and train ticket needed and no cash. Quick payday loan for £200, miss a few payments and before you know it, they are calling your work and texting all hours as your loan is now £1000. Welcome to legal loan sharks

 

Do not pay back PaydayUK Payday Loan

Now to apply for a payday loan, you would have had to have provided your debit card details for them, so they can collect payments from you. So the first thing is to cancel it. They will ignore any letters/emails/calls from you saying you cant pay, as they have your details and using a pos machine, will debit your card anyway. So you think £20 is being debited and when you check your account online, you realise that the entire amount has gone, leaving you no money in your account. You cancel them by contacting the fraud team at your bank ,as only they can completely lock down your card (say it has been stolen and someone has your pin number). Now, they can no longer debit your account. Request a new card with new details, so you can access your cash, remember to reactivate any direct debits for essentials such as mobiles so they still work etc

 

Chased by PaydayUK and have many other debts, how can I get rid of them all?

If you have multiple debts, such as bank loans/credit cards/payday loans, I can guarantee the stress is affecting everything you do daily. I was in this exact position, except for me, it was also the calls to work and the depression that came with it all. As you probably know, when debt reaches a certain limit over a duration of time, you can legally force them to accept final settlement/payment for as low as 10% of total debt. It takes time and paperwork, so I started searching for a company to do this for me.These guys are brilliant and literally gave me my life/sanity back. No matter what your situation, they will sort this by the end of the day, check them out here

 

Write to PaydayUK Payday Loan now ,saying that you have been selected for redundancy at work, as the company is failing and as a result, you wont be able to make the payment date and wish to go on reduced payments. They will write back and suggest a payment arrangement. You have a choice now, either to suggest any amount that you are happy to pay, or simply ignore them. They will try and call you and text you, one tactic is to call you at work, so first of all send them a letter saying they are in breach of the administration of Justice Act 1970, and the Protection from Harassment Act 1997, that will put a stop to that.

  • Where do they get the debts?…..they buy them, and in bulk . They have sales guys that target banks, institutions, mobile phone operators and buy a large collection of these debts for a % of the debt. What does this mean?….Let’s say your debt from Bank ‘A’ is an old credit card and was for £1678…….usually the DCA buys it for 10-20% of original value. However they will demand full amount, plus, their own charges on top. So they pay around £300 and try and get over £2000 off you, and over a fixed agreed time, you can begin to see why they make so much money and don’t care about personal circumstances.

 

Now they have a database of all these debts in front of them with telephone numbers and addresses given from the original debtor…now what? They want cash from you, as quick as possible , with the least amount of effort on their part. So now they adopt various methods of achieving that…….

 

          • A standard letter is sent to you, asking for the amount, plus charges back. Often breaching OFT guidelines and making official looking documents intended or likely to, mislead debtors as to their status, for example, documents made to resemble court claims.

 

          • Phone calls – A favourite tactic – calling you about 5-10 times a day, on every number they have to contact you, mobile, home and work. Sometimes sending texts and asking you to call them back on premium rate numbers (which is illegal) Imagine the above happening to you everyday for the next month. This is physical/psychological harassment, it is illegal and once again something else that you can stop.

 

                • Now they will begin the nasty and often illegal tactics if they still have no success collecting the full amount, these include – which are all illegal -contacting you at unreasonable times, ignoring legitimate wishes in respect of when and where to contact you, claiming instructions from the courts, claiming to be bailiffs. Falsely implying or stating that action can or will be taken when it legally cannot us a business name which implies public body status, or falsely implying or stating that failure to pay a debt is a criminal offence or that criminal proceedings will be brought if debtors to pay in full, in unreasonably large instalments, or to increase payments when they are unable to do so. All of which are illegal

 

 

 

If you have multiple debts and just want to get rid of them all today

The problem with having quite a bit of debt, is it can become overwhelming and extremely stressful living day to day. If you have multiple debts and just want to get rid of all of it and let someone else handle it for you, then I can recommend one company for you. It is free to join and protects you from court action and bailiffs. They will contact all your creditors and end all the calls/letters/texts you get daily, whilst being able to force up to 70% of your debt to be written off as, ‘bad debt’. So if you want to end be rid of it all today check them out here

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