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Hi there. first post here so sorry if its in the wrong place.
Last May I stupidly took out a payday loan with The Money Shop Online for £500. I had £500 being paid to myself for but I needed it for a certain date and was going to repay. However, circumstances changed and I never repaid the loan.
Soon after I received a letter from BW Legals saying I owed them the money as they had bought the debt. I ignored it as I was behind on my rent as tax credits etc... were stopped. I still can't afford the full amount they are asking for as I'm now a single parent, on Income Support with a child on DLA. I also claim Carers Allowance.
BW Legal are now asking for £748.53 by 31st July 2017, otherwise they will issue a claim against myself in the County Court without further notice. My circumstances at the time was I was living with the childs father who was working. He is no longer on the scene. My credit score was very poor at the time and I was surprised I was able to get a payday loan when I did. They have not sent me a letter this time, just an email.
I have no idea how to respond to them. I've read various things online and been advised to post on here as you guys are the experts.
Any advice would be greatly appreciated.
Many thanks
Last May I stupidly took out a payday loan with The Money Shop Online for £500. I had £500 being paid to myself for but I needed it for a certain date and was going to repay. However, circumstances changed and I never repaid the loan.
Soon after I received a letter from BW Legals saying I owed them the money as they had bought the debt. I ignored it as I was behind on my rent as tax credits etc... were stopped. I still can't afford the full amount they are asking for as I'm now a single parent, on Income Support with a child on DLA. I also claim Carers Allowance.
BW Legal are now asking for £748.53 by 31st July 2017, otherwise they will issue a claim against myself in the County Court without further notice. My circumstances at the time was I was living with the childs father who was working. He is no longer on the scene. My credit score was very poor at the time and I was surprised I was able to get a payday loan when I did. They have not sent me a letter this time, just an email.
I have no idea how to respond to them. I've read various things online and been advised to post on here as you guys are the experts.
Any advice would be greatly appreciated.
Many thanks
