Sunny Loans

[Hoose Rice]

Thanks guys  

[ParsJake]

35 minutes ago, Hoose Rice said:

Thanks guys  

[Benjamin_Nevis]

3 hours ago, BFTD said:

@DA Baracus has shared some horror stories about how easy it is to get buried under an avalanche of debt due to payday loans. Willing to bet that @Day of the Lords has heard a few too. I've been in the situation where the idea might have been tempting, but reading testimonials like that made me think twice.

Well done to @Hoose Rice for deciding to fight through the lean times without them; things will improve much quicker without the added money going out.

Indeed. Payday loans companies are utter cockroaches. They pretty much operate on a business model knowing full well the money they lose from folk who rubber them is easily made up by folk paying back 600 quid off a 150 quid loan. The general advice for folk in hoc to these c***s is to totally rubber them unless you have assets, ie car worth over 3k, property, savings etc which is rarely the case. 

Its good fun when they sell their tinpot debts to likes of Lowell who often phone us to ask what payment arrangements we'll be making. LOL. Provident were the worst though with agentS coming to your door pretending to be your pal whilst slowly financially fucking you over. Utter scum. 

[Thistle_do_nicely]

If you can at some point - credit unions are your friend, would 100% look into signing up for one. Depending on circumstances you can join based on your profession (e.g. police credit unions are a thing i think) or postcode. Pretty sure one near me does, or at least did, an easily accessible loan of up to £200 and your total repayable worked out as just something like £210, vastly better and less abhorrent than giving profit to payday loan cuntbags.

Edited July 26, 2022 by Thistle_do_nicely

[54_and_counting]

1 hour ago, Thistle_do_nicely said:

If you can at some point - credit unions are your friend, would 100% look into signing up for one. Depending on circumstances you can join based on your profession (e.g. police credit unions are a thing i think) or postcode. Pretty sure one near me does, or at least did, an easily accessible loan of up to £200 and your total repayable worked out as just something like £210, vastly better and less abhorrent than giving profit to payday loan cuntbags.

Yup, credit unions are good, im been meaning to join one for ages but sheer laziness stops me, my old man used them for years to save up, swears by them 

[Benjamin_Nevis]

2 hours ago, Thistle_do_nicely said:

If you can at some point - credit unions are your friend, would 100% look into signing up for one. Depending on circumstances you can join based on your profession (e.g. police credit unions are a thing i think) or postcode. Pretty sure one near me does, or at least did, an easily accessible loan of up to £200 and your total repayable worked out as just something like £210, vastly better and less abhorrent than giving profit to payday loan cuntbags.

 

1 hour ago, 54_and_counting said:

Yup, credit unions are good, im been meaning to join one for ages but sheer laziness stops me, my old man used them for years to save up, swears by them 

Some of them are pretty shonky tbh. Check the terms and conditions. 

Discovery Credit Union in Dundee for example have some pretty high interest rates (38.5% APR - on par with wankers like Vanquis and Capital One) and also a history of trying to get folk to agree to sign over their Child Benefit as payment collateral. Capital Credit Union based in Edinburgh used to be good a while back - i was in it for a while. 

[Cosmic Joe]

Acht, we've all been a bit Ewan McTeagled at times pal. 

If you need a wee help pm me. 

[GiGi]

As said these types of loans have a far and damaging reach on your ability to access 'good' credit for a very long time. Treat these companies as the crooks they are and avoid them.

[s_dog]

15 hours ago, Thistle_do_nicely said:

If you can at some point - credit unions are your friend, would 100% look into signing up for one. Depending on circumstances you can join based on your profession (e.g. police credit unions are a thing i think) or postcode. Pretty sure one near me does, or at least did, an easily accessible loan of up to £200 and your total repayable worked out as just something like £210, vastly better and less abhorrent than giving profit to payday loan cuntbags.

Second this suggestion for joining a credit union. If you can find a small local credit union, that's usually your best bet, although you usually need to start saving with them first before getting a loan. It can be a small amount, like £5 a week for a few months, and for a loan of £200 you may not need to have any savings first. Some of the bigger credit unions will charge more, but even looking at Glasgow Credit Union, the minimum loan on their online calculator is £500 for 12 months, total payable is £551. It does say you need to save £10 per month along with your loan repayment to get it.

 https://www.glasgowcu.com/loans/personal-loans/

[DeeTillEhDeh]

Indeed. Payday loans companies are utter cockroaches. They pretty much operate on a business model knowing full well the money they lose from folk who rubber them is easily made up by folk paying back 600 quid off a 150 quid loan. The general advice for folk in hoc to these c***s is to totally rubber them unless you have assets, ie car worth over 3k, property, savings etc which is rarely the case. 
Its good fun when they sell their tinpot debts to likes of Lowell who often phone us to ask what payment arrangements we'll be making. LOL. Provident were the worst though with agentS coming to your door pretending to be your pal whilst slowly financially fucking you over. Utter scum. 

Provident tried to get my stepson to take out a loan. I politely told the rep that he didn't live here and in any case if they did give him a loan they'd never see it again.

A month later they were back looking for him - he'd taken out a loan at his girlfriend's but used our address - it wasn't the usual rep but a newbie. A few days later the usual rep turned up looking for him - she got short thrift from me - told her she'd been warned and if their company was stupid enough to lend money to people without checking their address (he'd used an out of date letter) it was their fault.

Had a couple of demand letters initially but they've stopped when I returned them with a letter asking them to cease and desist.

These firms are just fucking leeches - a step away from the leg-breaking loan sharks.

Anyone who is desperate would be better contacting any creditors first before resorting to these scum - if you fo owe money elsewhere and are in financial difficulties then most companies are pretty flexible.

[Boo Khaki]

@DeeTillEhDeh

Can I take out a loan using your address pal? 

[Hoose Rice]

Going to go down the salary finance route as Universal Credit have let me down/still looking into mandatory reconsideration which they didnt tell me blocks all other payments.  Was meant to get a month payment on 17th and thats on hold now.

Salary finance contact employers and then take money directly from wage which suppose could help and means being taxed less on the half wage im on already?  Pure nightmare as most that goes to rent/kids/utilities and do a shop that lasts 2.5 weeks then goosed again and is why UC where meant to be assisting until can return to work.  The irony being makes me more anxious now and if this application gets rejected god know what to do.  The coach woman from the UC said a decision can take up to four months too which seems pure crazy. 

[54_and_counting]

9 hours ago, Hoose Rice said:

Going to go down the salary finance route as Universal Credit have let me down/still looking into mandatory reconsideration which they didnt tell me blocks all other payments.  Was meant to get a month payment on 17th and thats on hold now.

Salary finance contact employers and then take money directly from wage which suppose could help and means being taxed less on the half wage im on already?  Pure nightmare as most that goes to rent/kids/utilities and do a shop that lasts 2.5 weeks then goosed again and is why UC where meant to be assisting until can return to work.  The irony being makes me more anxious now and if this application gets rejected god know what to do.  The coach woman from the UC said a decision can take up to four months too which seems pure crazy. 

I used salary finance mate, was easy to get and rates were good, however if memory serves me right they take their payment after your tax and ni is calculated, it was 4 years ago i used them (when they were called Neyber) so they might have changed how they work but i cant really see it as if they took it pre tax and ni then its doing the taxman out of money, almost like an ebt (f**k you all, i got the pun in before anyone else lol) 

[Hoose Rice]

1 minute ago, 54_and_counting said:

I used salary finance mate, was easy to get and rates were good, however if memory serves me right they take their payment after your tax and ni is calculated, it was 4 years ago i used them (when they were called Neyber) so they might have changed how they work but i cant really see it as if they took it pre tax and ni then its doing the taxman out of money, almost like an ebt (f**k you all, i got the pun in before anyone else lol) 

Thanks for that mate.  Something to ponder  

[Loki]

12 hours ago, Hoose Rice said:

Going to go down the salary finance route as Universal Credit have let me down/still looking into mandatory reconsideration which they didnt tell me blocks all other payments.  Was meant to get a month payment on 17th and thats on hold now.

Salary finance contact employers and then take money directly from wage which suppose could help and means being taxed less on the half wage im on already?  Pure nightmare as most that goes to rent/kids/utilities and do a shop that lasts 2.5 weeks then goosed again and is why UC where meant to be assisting until can return to work.  The irony being makes me more anxious now and if this application gets rejected god know what to do.  The coach woman from the UC said a decision can take up to four months too which seems pure crazy. 

What is your mandatory reconsideration for?  They usually don't block a payment going out to you.  Is it for a sanction decision?  If you were only entitled to your Standard Allowance you wouldn't get anything until the MR was heard.  They are currently taking 70+ days to be cleared.

[Hoose Rice]

14 minutes ago, Loki said:

What is your mandatory reconsideration for?  They usually don't block a payment going out to you.  Is it for a sanction decision?  If you were only entitled to your Standard Allowance you wouldn't get anything until the MR was heard.  They are currently taking 70+ days to be cleared.

I’m on half wage at the moment and they needed my work to clarify this and until they did my July payment got blocked.  I put in some appeal that they looked into The tax paid from inland revenue and still wasn’t enough so that’s what the reconsideration is for as advised to do by the woman from UC. 70 days makes sense as the lady last week said up to 4 months.  Doesn’t seem fair at all just because my work didn’t clarify and the inland revenue couldn’t work out the tax I’m paying is for a rank half wage. 

[Loki]

1 hour ago, Hoose Rice said:

I’m on half wage at the moment and they needed my work to clarify this and until they did my July payment got blocked.  I put in some appeal that they looked into The tax paid from inland revenue and still wasn’t enough so that’s what the reconsideration is for as advised to do by the woman from UC. 70 days makes sense as the lady last week said up to 4 months.  Doesn’t seem fair at all just because my work didn’t clarify and the inland revenue couldn’t work out the tax I’m paying is for a rank half wage. 

From what you say there  your employer has reported to HMRC your earnings, and that has nilled your entitlement to UC in your current assessment period.  In that earnings feed it will have reported your top line, tax paid, NI paid and whatever is left is used to calculate your UC payment.  For every pound you earn, your UC is deducted 55p until your wages are fully accounted for or your entitlement is gone.  If you only received the standard allowance element it doesn't take much to nil entitlement.  If you are under 25 a payment of just under £500 will leave you with nothing, and if you are over 25 a payment of just over £600 will nil your entitlement.

The assessment period runs from the date you made your claim until the day before the following month (e.g make your claim on the 15th, and your AP will be the 15th to the 14th of the following month).  I would check to see what your assessment period is, and tot up the wages you received in that period.  If you have children or a health condition you may also get a work allowance.

They have then done an RTI (Real Time Information) dispute stating that the information is wrong, and then that has been looked at.  Were you asked to provide evidence of your bank statement to show when you received the payment?

Usually the dispute team will contact your employer and ask if what they reported in your RTI feed was correct.  If they say yes, there isn't much else that can de done until your employer corrects the mistake.  Then your AP can be recalculated.  There's all different caveats etc depending on when your claim started and your circumstances.  So it's difficult to advise you fully.

[sugna]

2 hours ago, Loki said:

So it's difficult to advise you fully.

I would say you've given it a decent go!

[Hoose Rice]

10 hours ago, Loki said:

From what you say there  your employer has reported to HMRC your earnings, and that has nilled your entitlement to UC in your current assessment period.  In that earnings feed it will have reported your top line, tax paid, NI paid and whatever is left is used to calculate your UC payment.  For every pound you earn, your UC is deducted 55p until your wages are fully accounted for or your entitlement is gone.  If you only received the standard allowance element it doesn't take much to nil entitlement.  If you are under 25 a payment of just under £500 will leave you with nothing, and if you are over 25 a payment of just over £600 will nil your entitlement.

The assessment period runs from the date you made your claim until the day before the following month (e.g make your claim on the 15th, and your AP will be the 15th to the 14th of the following month).  I would check to see what your assessment period is, and tot up the wages you received in that period.  If you have children or a health condition you may also get a work allowance.

They have then done an RTI (Real Time Information) dispute stating that the information is wrong, and then that has been looked at.  Were you asked to provide evidence of your bank statement to show when you received the payment?

Usually the dispute team will contact your employer and ask if what they reported in your RTI feed was correct.  If they say yes, there isn't much else that can de done until your employer corrects the mistake.  Then your AP can be recalculated.  There's all different caveats etc depending on when your claim started and your circumstances.  So it's difficult to advise you fully.

Yeah that’s exactly what’s happened and the sticking point was my work not getting back to confirm even after I sent statements in so the appeal was declared as not determined and now sent for a mandatory reconsideration and my case is supposedly on hold until they decide which they now say will take a few months.

Thanks for getting back.  It’s made a bit more sense to me now and speaking to the woman dealing with it I just need to be patient (try being the person depending on the funds tho).

[Loki]

21 minutes ago, Hoose Rice said:

Yeah that’s exactly what’s happened and the sticking point was my work not getting back to confirm even after I sent statements in so the appeal was declared as not determined and now sent for a mandatory reconsideration and my case is supposedly on hold until they decide which they now say will take a few months.

Thanks for getting back.  It’s made a bit more sense to me now and speaking to the woman dealing with it I just need to be patient (try being the person depending on the funds tho).

You could say that you are financially burdened and ask for it to be escalated, this can move you up and be seen quicker.  However in your case if your work hasn’t reported it correctly when they go through the MR, it might not get overturned and then the only option is a lengthy appeal.