Completely and utterly in despair and in desperate need of some advice.

bunnylajoya

At this moment in time I the weight on my shoulders of my current debts are actually making me very depressed and unable to sleep. I realised I had to do something and seek advice today as I just broke down in tears at work for no reason. Please do not judge me as I know what a complete idiot I have been the past couple of months.

My current debts are as follows:

£1,900 car insurance (I missed one months payment and now they want the annual fee, not too sure about this one. Spoke to a debt management company about this, not sure if I could continue my car insurance with the company if I go into debt management as it is absolutely essential I have a car for my work... if I do not have a car I could in effect loose my job.)

£200 phone bill (I was overcharged by a high amount of a months payment because they charged me for the wrong contract so did not pay 2 more months payment as a refusal for them to sort my query out. Now in a position where I cannot pay this amount as I have no money.)

£200 laptop bill (This is for a "dongle" which I did not pay for a number of months because I simply could not afford it, I had a debt collection agency contact me by letter, I then phoned them to say I could pay on the 30th... which I could not manage in hindsight, I told them in a way for them to get off of my back.)

£450 to grandparents (I know this is not going to give me bad credit rating/get me into trouble for not paying them back but this is by far the worst debt I have for guilt reasons. They paid for my car which I have managed to pay half of but still have this figure lingering over me.)

£700 overdraft (This amount isn't so much of an issue because I have paid alot off in a very short amount of space.)

I thought that if I was to get a 3,000 loan I could pay off all these debts lingering over my head and just have a consolidated monthly payment that I could pay off but alas.. I contacted my bank... no luck. STUPIDLY applied through Wentworth... paid 59.00 I could not afford to see SUPRISE SUPRISE no loan.

I feel like I cannot tell ANYONE about this. I have been in a horrific mood for 2 weeks now. I can under no circumstances tell my mum as she would hit the roof. I have the luxury of not living on my own but I still pay house keep.

Its 3am and I cannot sleep due to the fact I know I will have to wake up tomorrow a face another day of this. This has literally made me an emotional wreck. Is there anyway on earth that I could get 3,000 WITHOUT using a pay day loan? I really REALLY don't want to but I think I may have to.

mandi

Okay . I have been a member on MSE since 2004 .

Trust me when I say I have seen so many people in a worse situation . Don't loose sleep over it ok

Tomorrow when you have the time , contact

http://www.nationaldebtline.co.uk/ They will give you free and confidential advice on what you should do .

Don't get a loan , and never call a debit management company

My advice right now is to go to bed , and stop worrying

podperson

Ok first try to steer clear of payday loans. They are designed to be very short term 'quick fixes' and if try and pay them off over a longer period of time - which you would probably have to for such a large amount - you will end up paying double or triple the amount in interest which will make you a lot worse off.
First thing to do is a budget sheet showing your incomings and outgoings - there is a link to one called an soa at the top of this forum - and then you can see what you have left at the end of month to go to your debts. You say you're living at home so hopefully your outgoing are fairly low? If you want to post up here then people can offer advice on ways you might be able to save more money on it.
You can also get help from one of the free debt companies such as cccs, payplan or national debtline. Have you spoke to your car insurance and asked them if you can go back onto monthly payments? This needs to be your priority with the debts I think as you don't want them to cancel the policy - although is this for the year as seems extremely high?

king100

bunnylajoya wrote: »

... STUPIDLY applied through Wentworth... paid 59.00 I could not afford to see SUPRISE SUPRISE no loan.

Ask for your moneyback, you pay the fee to get a loan, you got no loan so they cant collect their fee.

Along time ago when looking for a loan i did the same, google the comapany.

Google wentworth loans refund and see if anyone has an email address or have got refunds.

I cant as webfilter at work

KingElvis

Firstly, I would check to see if your car insurance is still valid, all you need now is a fine for having no insurance and points on your licence. Police cars have mobile cameras which check for this as they drive around so please be careful.

Secondly, don't touch payday loans or you'll be back here in a few months in a complete mess. I don't think payday loans do 3k anyway.

You need to start talking to the people you owe money to and offer some payments which will make it possible to survive.

It may also be a good idea to start a basic account at a bank you have no connection with and have your wages paid into it, this will ring fence your income and put you in the driving seat as such.

Good luck from me.

red_scorpian

hi bunnylajoya didnt want to read and run my own debts are far worse than yours about 44k,(not too proud of myself) like you i was so desperate i couldnt sleep or relax when i found this website (by accident) and followed the advice given by so many in the same boat it was like a huge weight had been lifted off my shoulders, i know it will be the same for you once you get started so chin up ,stay positive and big hugs from me

bunnylajoya

red_scorpian wrote: »

hi bunnylajoya didnt want to read and run my own debts are far worse than yours about 44k,(not too proud of myself) like you i was so desperate i couldnt sleep or relax when i found this website (by accident) and followed the advice given by so many in the same boat it was like a huge weight had been lifted off my shoulders, i know it will be the same for you once you get started so chin up ,stay positive and big hugs from me

Thank you so much those kind words mean so much to me. I told my mum after a complete breakdown this evening and she has been SO nice to me, very supportive and offering me the financial support/emotional support that I desperately need. I'm only 21 and I want to get myself out of this hell before I get any older/make any stupid agreements that I could not handle. I wish everyone who is in worse of a situation than me the very best as even this small amount of debt I have made me feel sick and on the brink, I give anyone who is worse off a medal