Need a loan............but have bad credit!

geoffky

toon.....you must get out of debt and what you are doing is going deeper in,,,,,you really need to go over to the debt board and they will help you as it sounds like you are sinking..

woody01

HelplessUK wrote: »

Hi all,
I need your help. I have very stupidly gotten myself into a mess by taking out three payday loans during the last six months. I have one loan with Quickquid that I am rolling over every month, just paying the interest, and a further two loans with Wonga and Pounds till Payday. Unfortunately, the day that these two loans are paid off I have to apply for them all over again because, combined with credit card, catalogue, phone bill, car insurance etc, it leaves me with a nasty minus figure in my bank!!! I am left paying almost 500 pounds per month in interest to these three companies alone.
I have bad credit but am looking to take out a loan for 2k to pay off said debts, which will hopefully get me back on track. I am a 28 yr old tenant, in secure, full time employment (RAF) and earn 24k per year, but none of the big banks will touch me. Any suggestions will be very welcome!!!
Thanks

:eek:

I dont know about a loan but be VERY careful regarding serious debt when being a current armed serviceman.

I have come across many of these cases whilst in the forces and if they find out then it can have SERIOUS repercussions resulting in dismissal from the service.

You will be seen as a security risk. (More so depending on the job you do). For example, if you are a chef or steward then they probably wouldnt care. If you are a radio operator or a WEM then you would be party to far more sensitive information.

dumb_luck

You story sounds so similar to mine. I kept getting payday loans- to pay off other payday loans and ended out in £££'s debt. I actually had dealings (and still have dealings) with all three of the companies you have had difficulty with. In he end I went on a DMP. The other 2 companies agreed to it but Wonga refused and still refuse to accept it- my debt with them has grown to £1800.

dblue75

Everyday loans....high APR....i paid mine back pronto and didn't have much extra to pay on my 3K loan.....:j

Worth a try if you are a high earner like i am and can pay it back quicker.

woody01

dblue75 wrote: »

Everyday loans....high APR....i paid mine back pronto and didn't have much extra to pay on my 3K loan.....:j

Worth a try if you are a high earner like i am and can pay it back quicker.

If you are such a 'high earner' then why borrow from these cowboys?
Makes no sense im afriad.

dblue75

None of your business what my personal predicament was at the time. I don't take kindly to that ok.

R0bert_Sterling

dblue75 wrote: »

None of your business what my personal predicament was at the time. I don't take kindly to that ok.

If you don't want people to discuss your Personal predicament, don't ram it down our throats telling us you are a High earner like I am!!.

You can't be too clever with money at all to have a borrowing history with loan sharks. In fact, I would call you a poor person!

dfh

Cut down on non essentials and pay off as much as you can.

thriftymomma

I would advise posting your SOA on debt free wannabe. Good luck getting sorted out. No pain, no gain.

woody01

dblue75 wrote: »

None of your business what my personal predicament was at the time. I don't take kindly to that ok.

Don't tell us you are a high earner then when you clearly are not.
I would also bet your view of 'high earner' is VERY different to mine.

High earners DO NOT go to payday loan companies.