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Payday and other loan issues!!!
graham1985
Posts: 4 Newbie
Hey everyone!
I managed to get myself in a compete mess and looking for some advice....
Basically I built myself into a lot of debt and ended up taking out more and more credit to get myself out of it!
The amount I owe isnt a huge amount and I have a decent wage (now) but it got messed up and hid under a rug to hide from it!
I have just managed to pay back a friend (£4500), and still over another friend £1000 (this will be all payed up by July!).
I have a welcome loan of £4000 that im currently paying £75 a month and to be honest they have been very helpful and understanding!
The biggest pain I have is Payday Loans...I have one for £800 (PoundsTillPayday) and another for £1000 (QuickQuid), these I keep rolling over each month which is killing my finances more than anything else!
Im thinking that my best plan is to offer them both payment plans for a certain amount each month since my credit scoring is dire anyways is shouldt have to much of an effect, however do some research online it seems to me that payday loans are very very hard to deal with and very agressive in how they deal will bad payments?
Has anyone had to deal with them in this sort of situation before? Or does anyone know the best way to go about it?
Im 100% serious about getting my debts sorted...I have been stupid about them in the past but now I know that I want everything back on track! So any help you have I will be eternally greatful for!
Thank you everyone for reading
Graham
I managed to get myself in a compete mess and looking for some advice....
Basically I built myself into a lot of debt and ended up taking out more and more credit to get myself out of it!
The amount I owe isnt a huge amount and I have a decent wage (now) but it got messed up and hid under a rug to hide from it!
I have just managed to pay back a friend (£4500), and still over another friend £1000 (this will be all payed up by July!).
I have a welcome loan of £4000 that im currently paying £75 a month and to be honest they have been very helpful and understanding!
The biggest pain I have is Payday Loans...I have one for £800 (PoundsTillPayday) and another for £1000 (QuickQuid), these I keep rolling over each month which is killing my finances more than anything else!
Im thinking that my best plan is to offer them both payment plans for a certain amount each month since my credit scoring is dire anyways is shouldt have to much of an effect, however do some research online it seems to me that payday loans are very very hard to deal with and very agressive in how they deal will bad payments?
Has anyone had to deal with them in this sort of situation before? Or does anyone know the best way to go about it?
Im 100% serious about getting my debts sorted...I have been stupid about them in the past but now I know that I want everything back on track! So any help you have I will be eternally greatful for!
Thank you everyone for reading
Graham
0
Comments
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The following thread might help https://forums.moneysavingexpert.com/discussion/2525927
It's about payday loans of another DFW0 -
Cheers NorthernLas, cleared a lot up for me! 0
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Welcome graham.
I also think it might be an idea for you to contact one of these - https://forums.moneysavingexpert.com/discussion/2077631 for some advice. ayday loan companies can be tough to deal with on your own, but often much more understanding if you have one of the charities working on your behalf.
The charities could work out a total debt management plan for you for all your debts, whereby you pay them a fixed monthly amount you can afford, and they split that between your creditors.
Even if you just talk to one of the charities as least you'll have a better idea of your options.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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