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  • FIRST POST
    • Belfaststudent95
    • By Belfaststudent95 8th Jun 17, 8:44 PM
    • 1Posts
    • 0Thanks
    Belfaststudent95
    Please Help Me!!
    • #1
    • 8th Jun 17, 8:44 PM
    Please Help Me!! 8th Jun 17 at 8:44 PM
    I'm not entirely sure I am posting in the correct area, but any advice would be good.

    I am currently being hounded by TBC to pay £1,500 to my college for fees that I racked up this year after signing on to do two a levels. I don't know what to do, the people that I talk too are so unsympathetic and don't want to help. They are ringing my dad's house phone as well I can't pretend that everything is okay anymore.

    I lost track of my payments to them last December and honestly I kept telling myself id start paying next payday. I work in a low paid cleaning job and I am trying to better myself but my pay is barely enough to keep me in my feet. My credit score is so low because I stupidly took out payday loans and I am still paying one out.

    I am so stressed and don't want my family to do I've lost control, I feel so ashamed and don't know what else to do.
Page 1
    • tacpot12
    • By tacpot12 8th Jun 17, 11:23 PM
    • 521 Posts
    • 441 Thanks
    tacpot12
    • #2
    • 8th Jun 17, 11:23 PM
    • #2
    • 8th Jun 17, 11:23 PM
    Would your family really be so unsympathetic as to not help you to sort this out? I don't mean with financial help, just with some support to help you talk to TBC?

    Getting an older person on the phone with you when you talk to them might allow you to get some perspective on whether it is you or TBC who are being awkward.

    Posting a statement of affairs (soa) would allow others to help you see where you might be able to save money to repay the debt faster.

    Please don't worry or avoid the problem. Most people have been in debt at some point in their life and survive and pull themselves out of the situation. I owed £12000 on multiple credit cards at one point!

    Best wishes
    • eskbanker
    • By eskbanker 9th Jun 17, 1:08 PM
    • 4,755 Posts
    • 4,497 Thanks
    eskbanker
    • #3
    • 9th Jun 17, 1:08 PM
    • #3
    • 9th Jun 17, 1:08 PM
    I'm not entirely sure I am posting in the correct area, but any advice would be good.
    Originally posted by Belfaststudent95
    There's a better area called the debt-free wannabe board where you'll get plenty of advice about how to deal with debt, try posting there....
    • Westie983
    • By Westie983 9th Jun 17, 1:24 PM
    • 3,662 Posts
    • 13,646 Thanks
    Westie983
    • #4
    • 9th Jun 17, 1:24 PM
    • #4
    • 9th Jun 17, 1:24 PM
    I will move over now

    Westie983
    Save 12k in 2017 #16 Total £12080/£12000 1.66%
    Sealed Pot Challenge ~ 10 #97 Total (£252) +£158/£500 = 82.00% ( x 10)
    Xmas 2017 £1 a Day #6 Total £202/£365 = 55.34%
    Virtual Sealed Pot #1 Total £900/£1000 = 90.00%
    £2 Savers Club 2017 #3 Total (£1450)+£50/£2000 = 75.00%
    Total £15092.00/£15865 = 85.12%


    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • sourcrates
    • By sourcrates 9th Jun 17, 1:46 PM
    • 10,865 Posts
    • 10,549 Thanks
    sourcrates
    • #5
    • 9th Jun 17, 1:46 PM
    • #5
    • 9th Jun 17, 1:46 PM
    Hi,

    Stay off the phone to these people, you need to write to them with an offer of payment you can afford.

    Tell them to stop calling you, as you will only deal with them in writing.

    It's very simple to set up a payment arrangement, no need to be stressed.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • anna_1977
    • By anna_1977 9th Jun 17, 2:12 PM
    • 554 Posts
    • 750 Thanks
    anna_1977
    • #6
    • 9th Jun 17, 2:12 PM
    • #6
    • 9th Jun 17, 2:12 PM
    hey, how old are you? Just wondering if you still fall into the category for financial help for A levels (if that still exists)
    • Impecunia
    • By Impecunia 9th Jun 17, 10:17 PM
    • 2 Posts
    • 3 Thanks
    Impecunia
    • #7
    • 9th Jun 17, 10:17 PM
    • #7
    • 9th Jun 17, 10:17 PM
    Hi,
    Do you have any funds available at all after your payday loan payments? Can you post a mini-SOA showing your monthly incomings and outgoings?
    Also, can you say a bit more about your situation - are you going to take the A-level courses (are you starting studies in September?) Do you plan to carry on cleaning during your studies?
    In the meantime, the above advice is spot on, do write formally to them and try to work out an affordable payment plan.
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