Commsave payments

ac1 · Post by **ac1** » 03 Feb 2019, 14:00

Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.

Post by **Pathfinder** » 03 Feb 2019, 14:16

From my experience with them don’t build your hopes up.

arnold cheshire · Post by **arnold cheshire** » 03 Feb 2019, 15:01

I've found wages won't stop payment to credit unions. But you could apply for £100 more and spread the cost over longer making weekly payments cheaper

ac1 · Post by **ac1** » 03 Feb 2019, 15:07

arnold cheshire wrote:I've found wages won't stop payment to credit unions. But you could apply for £100 more and spread the cost over longer making weekly payments cheaper

I find that surprising ? , why wouldn`t wages stop the payments if i ask to do so , the contract is between myself & commsave not myself Royal mail & commsave ?

Post by **rainbowwarrior72** » 03 Feb 2019, 15:16

ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.

Call Commsave direct

ac1 · Post by **ac1** » 03 Feb 2019, 15:23

rainbowwarrior72 wrote:
ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.
Call Commsave direct

Yes , that was my first thought ...but, have heard some horror stories about members asking to reduce payments to Commsave , being flatly refused ? i`ve quite a hefty loan with them so , i`m worried about going to them first.......would rather try and stop payments via wages and then negotiate a payment plan with commsave ?

arnold cheshire · Post by **arnold cheshire** » 03 Feb 2019, 15:24

ac1 wrote:
arnold cheshire wrote:I've found wages won't stop payment to credit unions. But you could apply for £100 more and spread the cost over longer making weekly payments cheaper

I find that surprising ? , why wouldn`t wages stop the payments if i ask to do so , the contract is between myself & commsave not myself Royal mail & commsave ?

Well they wouldn't stop payments to penny post cu . All the best anyway

rubberbond · Post by **rubberbond** » 03 Feb 2019, 16:04

It depends on the terms and conditions of the loan , I would be very wary about cancelling payments , these things are registered with credit reference agencies I believe and if you default, it could cause you financial damage.

arnold cheshire · Post by **arnold cheshire** » 03 Feb 2019, 16:17

If everyone cancelled payments it would be the end for all postie's let us know how you cancelled the stoppage

arnold cheshire · Post by **arnold cheshire** » 03 Feb 2019, 18:05

ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.

W

Janet Brum · Post by **Janet Brum** » 03 Feb 2019, 18:43

ac1 wrote:
rainbowwarrior72 wrote:
ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.
Call Commsave direct

Yes , that was my first thought ...but, have heard some horror stories about members asking to reduce payments to Commsave , being flatly refused ? i`ve quite a hefty loan with them so , i`m worried about going to them first.......would rather try and stop payments via wages and then negotiate a payment plan with commsave ?

You borrowed the money so why you think it`s reasonable to try and cancel the payments taken from your wage ? You agreed to have those payments taken from wages, why should RM stop them?
The best solution is to talk to commsave and spread the loan on a longer period, I`m sure they will have a solution.
If you try first to stop them getting their money back, I don`t think they will be too nice.
After all, those loans come from everybody`s savings, mine included and I wouldn`t like to lose those savings because someone doesn`t want to pay no more...

ac1 · Post by **ac1** » 03 Feb 2019, 18:43

arnold cheshire wrote:
ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.
Why make the topic . You clearly can't listen to experience

Sorry , don`t get what you are saying ? ...please elaborate.

ac1 · Post by **ac1** » 03 Feb 2019, 19:06

Janet Brum wrote:
ac1 wrote:
rainbowwarrior72 wrote:
ac1 wrote:Afternoon All

Due to a relationship breakdown and having to basically start again ...i`m trying to find out if in can cancel a loan payment that comes directly out of my wages to Commsave through Payroll ? , Obviously i would be contacting commsave to explain the situation.

Thanks.
Call Commsave direct

Yes , that was my first thought ...but, have heard some horror stories about members asking to reduce payments to Commsave , being flatly refused ? i`ve quite a hefty loan with them so , i`m worried about going to them first.......would rather try and stop payments via wages and then negotiate a payment plan with commsave ?
You borrowed the money so why you think it`s reasonable to try and cancel the payments taken from your wage ? You agreed to have those payments taken from wages, why should RM stop them?
The best solution is to talk to commsave and spread the loan on a longer period, I`m sure they will have a solution.
If you try first to stop them getting their money back, I don`t think they will be too nice.
After all, those loans come from everybody`s savings, mine included and I wouldn`t like to lose those savings because someone doesn`t want to pay no more...

Yes , I get what your saying , but circumstance`s change in life quickly and need to free up money ...to set myself up with somewhere to live , would rather do it differently but have no choice !

barcajr · Post by **barcajr** » 03 Feb 2019, 20:28

In exceptional circumstances commsave might agree to a payment holiday until you get back on your feet, or reduce your weekly payments and spread them over a longer period, but to simply stop paying back your loan, they understandably, wouldn't be very happy and wound be disastrous for your credit rating. I have both a loan and savings with commsave and don't want to risk my savings just because people don't want to pay back their loans

dazer0070 · Post by **dazer0070** » 11 Feb 2019, 17:59

In my experience, Payroll will not stop deductions to Commsave for a loan.
I entered into a DMP a few years ago and out of all my creditors, Commsave were by far the most differcult to deal with.
I had to speak to Commsave directly and had to lower my payments and extend my loan duration.