Scared, help me please?

Cartman69

Over the past few months, i have learnt a massive lesson from life, never, ever borrow money off payday loan companies, or at least do not borrow to pay back, because of the huge interest.

I will go through, what i currently owe.

Around £500 to Wonga, due to be paid back in around ten days times.

£280 to Tooth Fairy Finance - Already been rolled over once.

£275 to someone called MCO Capital Ltd, you can pay them back on payred.com, as it says in my letter, but i missed the payment, ans have just emailed them.

£150 to paydayuk

I applied for a loan, and was accepted with yes loans.. they took £69.50 out of my bank, and it has been in red since last week and i don't get paid till next week. I really hope i don't get into any trouble here. I have realised that yesloans was another HUGE mistake, as they are idiots and scam you? I was on the phone yesterday , cost me £30 at least, was waiting for over an hour and half.. and soon as i got through, the phone was cut off on me.. then i rang the this morning to the number where you apply and pus straight through.. and once they knew what i wanted the phone was put down on me .. then i requested a call, they rang me within minutes, thinking i wanted a loan.. then i told them.. and they said put me on hold.. which i wasn't to bothered about as they rang me.. but surprise surprise the phone went down. YesLoans really do need bringing down... the 69.50 was took out of my bank last week, even though i got nothing in it, and its now in the red.. and the documents i sent back off last week.. they are rude and funny on the phone to you..


im just sick of it all now, it's building up on me and i want a way out of all this..


Any help, would be GREATLY appreciated, and i mean that.

Sunnylooloo

O gosh I am really sorry I know very little if anything about payday loans.....

but I will bump you up so maybe someone else can offer some advice

Hannah_10

Yes Loans are a broker, not a loan company. I am so sorry to break this to you but the chances are there is no loan, and you'll be waiting at least a year to see your £70 back I'm afraid.

In the mean time you're overdrawn, and owing £1205 to the payday loans companies.

What's your salary and when are you due to be paid?

WRINKLES

Cartman69 wrote: »

Over the past few months, i have learnt a massive lesson from life, never, ever borrow money off payday loan companies, or at least do not borrow to pay back, because of the huge interest.

I will go through, what i currently owe.

Around £500 to Wonga, due to be paid back in around ten days times.

£280 to Tooth Fairy Finance - Already been rolled over once.

£275 to someone called MCO Capital Ltd, you can pay them back on payred.com, as it says in my letter, but i missed the payment, ans have just emailed them.

£150 to paydayuk

I applied for a loan, and was accepted with yes loans.. they took £69.50 out of my bank, and it has been in red since last week and i don't get paid till next week. I really hope i don't get into any trouble here. I have realised that yesloans was another HUGE mistake, as they are idiots and scam you? I was on the phone yesterday , cost me £30 at least, was waiting for over an hour and half.. and soon as i got through, the phone was cut off on me.. then i rang the this morning to the number where you apply and pus straight through.. and once they knew what i wanted the phone was put down on me .. then i requested a call, they rang me within minutes, thinking i wanted a loan.. then i told them.. and they said put me on hold.. which i wasn't to bothered about as they rang me.. but surprise surprise the phone went down. YesLoans really do need bringing down... the 69.50 was took out of my bank last week, even though i got nothing in it, and its now in the red.. and the documents i sent back off last week.. they are rude and funny on the phone to you..


im just sick of it all now, it's building up on me and i want a way out of all this..


Any help, would be GREATLY appreciated, and i mean that.

gET A NEW BANK ACCOUNT NOW , Have your money paid into this , close your account with your old bank set up a repayment with them that you can afford , pay your payday loans a pound a month , ask them to freeze interest , tell them this is all you can afford , try the co op bank they are good , pay any creditors with a standing order , you are in control of how much you pay them . post back when you have done this .

Cartman69

A new bank card.. how long will that take to get? I am only 19, i get paid on the 20th, on an apprenticeship wage, get around £600 a month at the minute..

I wouldn't get a new bank card sorted by then would i?

Hannah_10

Have they been taking money from your old bank account?

WRINKLES

Cartman69 wrote: »

A new bank card.. how long will that take to get? I am only 19, i get paid on the 20th, on an apprenticeship wage, get around £600 a month at the minute..

I wouldn't get a new bank card sorted by then would i?

Speak to your employer see if they can help , they may be able to pay you in cash this month , or pay you a cheque which can be cashed , Next job sort that bank account ,

Cartman69

Old bank account? I only have one? Haha i think you are mistaken, with the dude above saying get a new one. Not took anything yet, but my bank is £69.50 in the red..

Hannah_10

Old as opposed to the new one wrinkles is advising you to open.

DGJsaver

I dont know why Wrinkles is saying get a new bank account , if your happy for your wages to cover the £69.50 overdrawn balance , and dont owe your bank anything else ,then not sure why you need a new account...

Cartman69

WRINKLES wrote: »

Speak to your employer see if they can help , they may be able to pay you in cash this month , or pay you a cheque which can be cashed , Next job sort that bank account ,

Cheers for the reply mate, but i doubt it, it all goes into my bank, can't get a check or anything, and i don't want work having anything to do with this. Can't let them know

I was thinking of a quick loan, something like £1500 to repay over 2 years, paying something each month.. which is how i ended up with yesloans.. but thats set me back even further!

Are theyre no chance of any small loans of something like £1500 to repay monthly over 24 months.. that would be perfect for me.. because i have no problem with paying something back monthly... but i need something now.. asap.. and they all want fee's for it.. and i don't have any fee's