What do I do now??

notaltsbfan

Hi all,

I'm not sure why I am writing this but I feel I need to because I can't see the wood for the trees at the minute.

I have been working hard to reduce all my debts and I have done so. I have paid off over £10k in 2 years and now I have moved house (renting) and after a tough couple of months I have found myself with 4 payday loans totalling more than my monthly income. My rent is £280 as well as other bills on top. I am due to renew my car insurance in 2 days which will cost £150 as a deposit, my payments for my phone contract have bounced and I have less than £1 to last me until my next payday.

Even if I just paid the interest on the payday loans I will not have enough money to just pay bills next month, let alone food etc. I have an awful credit rating, all of my accounts are currently over the limit and I just don't know what to do. I have a good job and there are people about worse off than me but I own nothing of any value and have no other source of income. There is nobody I can borrow from. I'm in a hole! I'm about £500 from being able to survive the next two months. My situation is making me miserable and I think about it 24/7. I even dream about it.

Any ideas?! HELP!!

Apples2

As soon as the place is open, Ring the CCCS

0800 138 1111

http://www.cccs.co.uk/

It's all free. Sounds like you need a little help as soon as possible.

It's only money, if you 'aint got it, they can't have it. Keep your chin up and ring them asap.

immoral_angeluk

Completely agree with Apples, but I'd also suggest you have a sit down and think about what happened to get you into this situation. You were previously managing and reducing your debt, so how has it come to this point? It would be worthwhile also doing a financial statement, which is a written list of your income and outgoings. Why did you move house? Your rent is very low, so what is your income like? Are you claiming all the benefits you are entitled to?