A question about : Payday Loan Defaulted after 16days of payment being due?
Just need a bit of advice really?
I got a payday loan (stupid yes i know) on 20/12/2010 as I hadnt been paid before xmas and I needed extra bits for xmas day which i didnt have the money for. I was due to be paid on 10th January 2011 which is when i asked for the loan to be paid back, 10th January came... no wage... turns out the company i worked for had just gone into administration 2 days before christmas and i only found out when i returned to work after xmas on 6th Jan, we were assured that we would be paid on 10th Jan still but obviously we wasnt! Took me 2 months to get my wages back from them and by this point the loan has defaulted on 26th January 2011.
So Loan started: 20/12/2010
Loan due back: 10/01/2011
Loan defaulted 26/01/2011 ....... 16 days after payment was due by!
I contacted QuickQuid via phone on 9th January 2011 and told them of the situation but they didnt seem interested at all! I said i would pay the loan back when I was paid but i didnt now when that was going to be.
My question is are they legally allowed to default me 16 days after payment was due even though i rang them about what had happened?
The debt was with Gothia but they have no passed it onto Motor Mile Finance and the debt has gone WAYYYY up!
Original loan amount was Ј200
Had to pay back Ј230
Current debt is now at Ј518!
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