I have defaulted on a fair few payday loans and my Wageday Advance account is no different to the rest.

I was sick of rolling over all my payday loans just to make ends meet so in the end I just gave up and stopped paying them all.

This post explains what happened when I didn’t pay back my Wageday Advance payday loan.

What happened when I didn’t pay Wage Day Advance Payday Loan?

As I missed my payment on the due date, I received an e-mail to advise this but Wageday Advance also offered me the opportunity to roll over my loan. I could then repay the loan on my next pay day.

I did accept this so that I could have a bit of breathing space. It is funny what happens when you stop paying 20 creditors.

Your house turns into a call centre and the whole affair can be a bit stressful. Needless to say this extension bought me a little time.

Defaulting on my Extension

Obviously I defaulted on my extension and so the carousel of collection continued. I just ignored everything and tried to set up a repayment plan but what I was offering I could not afford.

One thing I have learned is that I cannot get worried about these things. You can only do what you can do.

A Few Months pass by

Anyway after several months of me not paying Wageday Advance, they referred my account to a Debt Collection Agency. The name of this debt collection agency is Debt and Revenue Services.

They have been OK so far. I have agreed an affordable repayment with them and it is going to take me about 6 years to repay the account.

This is due to the fact that I owe a lot of money to other debts, and so with the payment being pro rated it means it will take me a long time. In reality I aim to settle it sooner than that.

A Refund of the Charges

I have also managed to get a good chunk of default charges refunded by sending an e-mail to Wageday Advance. I simply stated that I felt it unfair that my account balance could be double what I borrowed and that I didn’t think it was fair that I should be penalised in such a way.

In the end it was agreed that the default charge and late payment charge would be removed. It has been removed and this has helped reduce my balance.

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