Struggling to pay back month end loans

soloist_2

Hi,

I have a couple of payday loans outstanding which are costing me a small fortune each month. I have one a 1000 and another at 500. With my other debts I'm struggling to pay these off in full at month end. Therefore wondered if anyone had any recommendations for small loans, which means I could switch them over and save myself the 300 monthly that they're costing to extend. I have a fair credit reating but recently got refused for a vanquis/ capital one type card so am confident I won;t get any further credit ( altho, I've no CCJ's, defaults etc.. but that seems to be fairly comon from what I've read on here). I've also read the thread on about the various loan providers, such as YES, UCC etc.. and am being hounded by one of these companies currently! So this isn't an option. Would welcome any thoughts?
Thanks Solo

prudenttadpole

I would just put all your focus into paying off these current loans. And then at the end of it be more prudent with money.

chuckley

are u able to part pay any of them to extend?

Rafter

soloist,

It sounds like you are in too deep to borrow your way out with a loan you are unlikely to get.

I suggest you fill out a statement of affairs and look for advice on the debt free wannabe board as well as speaking to cccs or debtline about your options.

It seems the best thing would be to negotiate a repayment plan of some kind with your creditors and get interest suspended. If they don't go for that you may have to consider something more drastic.

R.

http://www.makesenseofcards.com/soacalc.html