Need help :(

worrieddan_2

Well i'm in a mess..due to me having to pay out for unexpected things I have gone OVER my overdraft and have had to take out 2 pay day loans..my wages should JUST cover these but I still have credit card etc to pay.

I owe at the end of the month

£25 cap one (£12 late payment fee from last month)

£23 HSBC

£72 Littlewoods (+£12 late payment fee from last month)

£34 Vanquis (+£12 late payment fee from last month)

£20 Vodafone

My wages will be totally gone + I will be over my set overdraft anyway.

What should I do I have no way of paying these???

Horace

Hi and welcome

Firstly it will help if you post a statement of affairs (SOA) so we can get an idea of your incomings and outgoings and be able to give better advice on how to save money/cut back to free up money towards your debts.

https://www.makesenofcards.com/soacalc.html - follow the instructions on there to copy and paste it to MSE.

worrieddan_2

Horace wrote: »

Hi and welcome

Firstly it will help if you post a statement of affairs (SOA) so we can get an idea of your incomings and outgoings and be able to give better advice on how to save money/cut back to free up money towards your debts.

www.makesenofcards.com/soacalc.html - follow the instructions on there to copy and paste it to MSE.

Hi,

It's not always a problem.I just had an unexpected few thing's to pay out for I can usually just cover my bills and have a little left over for entertainment/going out etc...but for 2 months I will REALLY struggle to pay the above off...just wondering what I can do? I can't afford to let the charges mount up

sparkleisshopping

Hi, if it is just for a couple of months, have you got anything you could ebay / car boot? It's free listing day on ebay today and tomorrow. Any overtime going at work? Any babysitting / dog walking you could do?

I think you could benefit from posting your SOA as there may be areas that you can make savings and build yourself a buffer to stop situations like this happening in future.

Tixy

What do you have you can sell? as well as ebay you could try gumtree or a carboot sale. If there is no overtime at work might they allow you a small advance on your wages?

If its just for 1 month you could send a letter to your creditors and ask them to accept just a token payment for this month (say £1 to each creditor), you will be likely to be hit with late payment charges again but if you cannot raise the money any other way this could be an option (better than paying nothing anyway).

Don't take out more payday loans to pay these, it would be cheaper to run up a few late fees than pay payday loan rates.

savingmummy

worrieddan wrote: »

Well i'm in a mess..due to me having to pay out for unexpected things I have gone OVER my overdraft and have had to take out 2 pay day loans..my wages should JUST cover these but I still have credit card etc to pay.

I owe at the end of the month

£25 cap one (£12 late payment fee from last month)

£23 HSBC

£72 Littlewoods (+£12 late payment fee from last month)

£34 Vanquis (+£12 late payment fee from last month)

£20 Vodafone

My wages will be totally gone + I will be over my set overdraft anyway.

What should I do I have no way of paying these???

Hi, everyone have advised what i would of said regarding selling bits and NOT getting payday loans anymore!
Could you ask a friend or relative for help? Maybe do jobs ie, gardening, rubbish clearance, car washing if you have too for cash?

I know this is a blip and caused by `unexpected things` so it may be an idea to in future set aside a emergency fund so you don`t run into this problem again!