Author Topic: WARNING!!!!! STAY AWAY FROM THIS COMPANY!!!!  (Read 1401 times)


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« on: Mar 28, 2011, 02:40:36 PM »
I would just like to take the time to post this on here, as a warning for people.  Please read, and take the advice.....
I (stupidly) took out a payday loan with the above named company, about 1 year ago, and it spiralled out of control.  I saw how easy it was to take money out, and before I knew it, I had withdrawn my limit of £750....which of course, I couldn't pay back.  I was already in a severe financial mess, and this was the last straw.
I contacted a company called CCCS (Consumer Credit Counselling Service) and they've helped me enormously.  I have entered into a DMP (Debt Management Plan) and I will be debt-free in 13 payments (mainly because my debt doesn't amount to even nearly 10k). My creditors all very kindly agreed to enter this plan.....except The Cheque Centre.
I received a call last week from a horrible and nasty little man from the Legal Dept.  I had missed 1 payment (March - bearing in mind March isn't even over yet) and he advised me they were taking me to court.  I begged and pleaded with him to stop court action ( I was even crying on the call, genuinely), and offered them a repayment plan, which he refused.  He got really nasty, and has 1 of those 'god-like' ego's.  He told me that I had 12 hours to come up with £900 (interest included) or I was going to court, and they would be contacting my employer.  He even told me that I would be disciplined and/or sacked because of this (which, btw is a load of rubbish).  He told me that 2 men would come to my home with a summons, and he wasn't willing to do anything about.
I had to come clean to my family about the situation I was in, and ask for their help.  Luckily, I have a fantastic and supportive family, and my parents paid the £900, which I'm obviously paying them back.
I would urge and plead with anyone....never enter into an agreement with this company.  They are bullies, and will tell you anything to squeeze money from you.  I researched them online after this phonecall and found loads of forums, with hundreds of people like myself, and they all say the same thing.  They used bullying and scare tactics in order to get money from you.
My problem was that I entertained the man in the 1st place....I should how upset and scared I was, and he played on that. 
CCCS (Consumer Credit Counselling Service)    :)     ;)     ;D     ::)     :-*   
I would urge anyone that is struggling with debt to contact this company.  Their counsellors are fantastic and lovely people, and they really listen to you.  You don't have to have an enormous amount of debt (I don't).  They take you through your income and expenditure, and work out a budget for you. They then contact your creditors, and make an offer of payment.  Should your creditors accept then you make 1 payment to them per month, and they distribute said amount to them.  I'm lucky in that I don't have an enormous amount of debt, and I will be done in 13 payments.
I was at the point where I didn't know where and who to turn too.  I was so stressed out all the time, and was finding it really difficult to cope.
I seen this company on 'This Morning' and decided to contact them.....and it has been the decision I have ever made!!!!!
I really hope that any of the above information has been helpful to you, and you don't make the same awful mistake I did.  Please, Please contact CCCS if you're struggling, because this will be your salvation.  You can contact them on 0800 138 1111 and they also have a webiste - google them!!!
Good Luck to anyone suffering the way I have been for so long.

James Falla

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« Reply #1 on: Mar 28, 2011, 07:53:40 PM »
Thanks for your post Jolly
I would always suggest that people avoid using payday loan companies particularly if trying to deal with other debts. Far better to consider a debt management plan as you did or perhaps one of the other debt solutions such as an IVA or debt relief order depending on your circumstances.
As a quick aside, the threat to take you to court was real but it really is not as bad as it sounds. The man from the collecting department was simply talking about applying for a county court judgement (CCJ) against you. Had they gone through this process you could have made a reasonable monthly payment offer which almost certainly would have been accepted. If a CCJ is put in place your employer is certainly not told and and the paperwork is sent through the post not delivered by two large men.... It certainly seems as though you were the victim of bully boy tactics!!
I would suggest its worth a complaint to the OFT if you feel strongly enough about it.
Debt Expert & Author


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« Reply #2 on: Mar 29, 2011, 05:40:16 PM »
Good to see things are on the up!
Supporting 'Practical Debt Advice' by Elizabeth Mc