It is easily done, your a bit short of cash and have other debts, so you decide the best option is to apply for a payday loan. There are so many about right now, you pick one, apply and hey presto, £100 is in your bank account 1hr later, problem solved. Not really.
If your at this stage you are probably already in debt
Sunny Loans Phone Number. Don’t pay them
Illegal tactic used against you and your credit file
I discovered this completely by accident and a lot of companies adopt this illegal tactic, from debt collectors to payday loan companies. They threaten to put a default on your file, so for the next 6 years, no more credit. However, they are sending to companies like Experian, your details far earlier than they should and putting negative marks on your file. So Experian shows a missed payment or default on your file before legally allowed, a scandalous move on their part. So try this tactic now and I guarantee you will see your credit score improve immediately, also meaning you can get credit again. I looked for a smaller credit agency, that most importantly, allows you to dispute any/every negative listing against your file online, simply by clicking against the entry, unsurprisingly, I found none of the big UK companies allow this, I assume as their revenue stream would be affected. You need the online method of disputing, otherwise you are spending weeks collecting statements, contacting creditors, sending recorded delivery letters from the Post Office copies to every UK credit agency, in short, a nightmare. If you see any defaults on your file when you go online, click dispute on all of them and it will lodge with every agency in the UK. I disputed everything from payday loans, to debt collectors and had 80% of them removed, all unfairly lodged by the company. I could only find one UK company that provides/allows you to dispute online, but it takes minutes to click all the false entries on your credit report. Opt for the 14 day trial which only costs £1, dispute everything on your file, then cancel the trial once finished, job done. Credit score improved/defaults removed for 5mins work and the price of a sausage roll. The one I used was this one
Maybe credit cards maxed out and a few debts are with debt collectors, calls and letters in red being delivered through your door everyday. Your not even half way through the month and your wages have been spent. If this is a familiar story, dont panic. Here is your ‘ get out of jail card’, the secrets the payday loan companies dont want you to know.
First of all write your debts down on a piece of paper, with the address and contact details of each one. Never talk to your creditors, always write. You do this to have a record of it, but also so they cannot deny receiving any as well, send by recorded delivery so someone has to sign for them.
Illegal tactic they use against you and your credit file
I discovered this completely by accident and a lot of companies adopt this illegal tactic, from debt collectors to payday loan companies. They threaten to put a default/negative mark on your file, which means for the next 6 years you will find it hard to gain any credit again. However, they are sending to the large companies like Experian, your details, far earlier than they should and putting negative marks on your file. This means Experian shows either a missed payment or default on your file, before they legally should, it is a scandalous move on their part. So try this tactic now and I guarantee you will see your credit score improve immediately. I looked for a free to join, smaller credit agency, that most importantly allows you to dispute any/every negative listing against your file online, by simply clicking against the entry. If you see any defaults/negative marks on your file, click dispute on all of them and it will lodge with every agency in the UK, even if you think it should be there. I disputed everything from payday loans, to debt collectors and had 80% of them removed as they were unfairly lodged by the company. Check your file for yourself now, the free one I used was this one
If you are dealing with Payday Loan lenders, you need to know that the law is reviewing them as you read this and they are sympathetic to people in debt using them and the outrageous apr they incur, as well as the tactics they use to chase people and hassle them.
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
Write to your payday loan company 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.
Now send off to them a CCA request (consumer credit agreement) you would be surprised how many payday loan lenders do not actually have the correct authority, to actually operate as a lender. Make sure they send you the original document.
At this point, they will be sending texts and emails saying just pay off the loan,no charges or apr. At this point, write to them saying you are happy to pay off only 30% of the overall loan, as you are being taken to court for non payment of council tax and other essential debts. They know this means if it went to court a judge could decide you only pay back 70p a month if that is all you can afford.
Quickest tactic to get rid of them for good today
If you are being chased by debt collectors or have debt in debt with banks/payday loan companies, then you need to stop all the threats/charges/interest now. If a get out of debt button is all your after, then there is a company that I have thoroughly vetted that can do this for you. I used them when I was in trouble and it also protects you from court action/bailiffs, whilst never having to talk to any creditor again. They contact them on your behalf and stop everything, informing you by email all the way. They hate these companies and their bullying tactics as much as me, any way check them out here
Sunny Loans Phone Number. Don’t pay them
You want to throw them the write terminology in a clear pattern and at the right moment, as if you follow the above, they will know they are stumped and cant do anything. Every lender allows for some non-repayment of debt from debtors, so it is just about showing and convincing them that you are one of these. Remember, do not be threatened, or let their threatening behaviour scare you, when it is in fact you that has the power!