I defaulted on my Payday Express Debt as I had a large number of outstanding Payday Loans and could no longer afford to keep on rolling them over. As a result I didn’t pay my Payday Express Loan.

This account is settled and I don’t owe anything for it. I didn’t physically pay off the account but you will find out more about that later.

What did I do?

On the day my loan payment was due it failed. There was no money in my account and I had changed over to a different bank so that my account wasn’t emptied.

What happened when I didn’t pay my Payday Express loan?

Over the following months I received numerous e-mails telling me that an agent would call me to discuss my none repayment of the account.

I also received phone calls asking for payment. This is the same for most of the other Payday Loans I did not pay so nothing new there then.

I wrote to Payday Express to try to arrange a payment plan but I was not succesful. Quite a lot of charges were added on to my account which I shall be trying to get refunded.

After a few months of me not paying my Payday Express loan the account was defaulted and referred to a Debt Collection agency.

Payday Express Manage to Secure Repayment

I had already moved bank accounts and cancelled my Co-operative Bank debit card. Unfortunately this did not stop Payday Express and their debt collection agency somehow managed to debit my Co-operative Bank account taking me nearly £700 overdrawn.

Nice one Payday Express. As a result of this, and the fact I could not pay back my Co-operative Bank account I got a default from the Co-operative. Two defaults for the price of one. Fantastic.

So it looks like even cancelling your debit card might not be enough so be careful although I believe new rules have come into place to prevent this from happening.

All in all I am very unhappy at the way Payday Express has treated me. They have also ignored my e-mails asking for information about how much they charged me.

I am making one last attempt to contact them and if I don’t hear anything I will be complaining to the Financial Ombudsman and reporting them to the Office of Fair Trading.

I will keep you all updated. Please let me know if you have had any similar experiences.

If you are struggling with Payday Loan Debt, please visit the Debt Help section of this blog.