My S.O.A. - inc Payday Loans Nightmare

dancingfairy

Trouble with that is the debt will then be secured against the house and it could cause problems in the family and if the OP were to loose their job or stop paying for any reason - illness/accident etc then their parents home could be at risk - I really don't think that it is really an option worth exploring to be honest.
The OP is doing well. However if they could borrow some money off their parents then yes that might be an option if the parents were in a position to lend more money.
df

kindofagilr

Do you actually have the £500 left each month or is that vanishing as well?

If so then can you not do this:
Pay off PayDayuk £412.50 one month
Then QuickQuid £485
Then PaydayExpress - £350
etc etc?

Well done for facing up to your debt

BigTone

kindofagilr wrote: »

Do you actually have the £500 left each month or is that vanishing as well?

If so then can you not do this:
Pay off PayDayuk £412.50 one month
Then QuickQuid £485
Then PaydayExpress - £350
etc etc?

Well done for facing up to your debt

So, my plan in steps is;

1. Clear Payday Loans
2. Clear Credit cards, using snowball calculator
3. Clear family debts

That is my plan, therefore;

Payday loans - 3 months - Cleared
Vanquis - 2 months - Cleared
Barclaycard - 6 months - Cleared the majority

Thanks

velrist

Looks like you're sorted with what you're doing for a while at least.

Good on you for facing up to it all and wanting repay thing rather than looking for an easy way out, I wish more people had your determination.

Good luck and let us know how you get on?

kindofagilr

BigTone wrote: »

So, my plan in steps is;

1. Clear Payday Loans
2. Clear Credit cards, using snowball calculator
3. Clear family debts

That is my plan, therefore;

Payday loans - 3 months - Cleared
Vanquis - 2 months - Cleared
Barclaycard - 6 months - Cleared the majority

Thanks

Ah sorry I thought you were asking for advice on how to tackle it all

Good on you for your plan I am sure it will all work out, and it will be a relief to get the payday loans off your back.

BigTone

Updated sig.

Jewellery back next month. Getting there, bit by bit.