Running out of time, needing to borrow in time for xmas...

ManicMum

Get rid of your car! Can you not manage without one? The amount those things cost a month, it's shocking. I'm not in any debt but even I am considering my car usage. That would save me several hundred quid a month. If you spend the same, that could be going into paying off your debts. I think you really have to look at what do I actually need to spend. Make a list and then go over it again because I bet a lot of what is on it can be struck off. I did this a while ago with my shopping and stopped buying all sorts of stuff I didn't really need.

Good luck.

ciscokid

the_insider wrote: »

the other option is to get your head out of the sand, accept that you have a problem with controlling your spending and ask for help. please accept the advice that you have been given on here.

In case you missed it...

hbos 200
mbna 200
barclay 100
wonga 600
mem 185
pay day express 385
bank overdraft charge 155
bank overdraft fee 35
TOAL: £1860

My wage = £1900

That leaves £40 ok.

Now I need to pay mortgage, electric, phone, shopping, travel

Where does that money come from? "Hello wonga, I am going to need all that money back I just gave you. How does earning another £150 in interest next month sound?"

I have NO problem controling my spending, you can't spend what you don't have.

Ok this is my last message, you people are clearly sharing the same dead braincell between the lot of you. To those who offered good advice, I applaud you...

cgk1

ciscokid wrote: »

The bottom line is that I have been in this mess for 5 years now....if I had just gotten the loan the first time I asked, it would have been repaid by now and I would be completely debt free for life.....there is no way I want to live another 5 years...give me convenience or give me death...

I think you simply need to come back to reality, you are in a mess and can't manage as things are currently structured. As other people have noted, you need to get in touch with your creditors and make offers to pay, your credit record is already smashed so you have nothing to lose. As for a consolidation loan, forget it.

cgk1

ciscokid wrote: »

In case you missed it...

hbos 200
mbna 200
barclay 100
wonga 600
mem 185
pay day express 385
bank overdraft charge 155
bank overdraft fee 35
TOAL: £1860

My wage = £1900

That leaves £40 ok.

Now I need to pay mortgage, electric, phone, shopping, travel

Where does that money come from? "Hello wonga, I am going to need all that money back I just gave you. How does earning another £150 in interest next month sound?"

I have NO problem controling my spending, you can't spend what you don't have.

Ok this is my last message, you people are clearly sharing the same dead braincell between the lot of you. To those who offered good advice, I applaud you...

You default on the loan, that's your own way out - you default and then come to an agreement with your creditors.

ciscokid

cgk1 wrote: »

You default on the loan, that's your own way out - you default and then come to an agreement with your creditors.

Tried it. Thats how my initial £100 wonga loan is now a £600 loan to repay the last one off each month. The worst was defaulting on a £400 loan and paying £900 back for the prvilege. Thats £500 I threw away down the drain in one month. Thats £150 more than I would have to pay on a normal loan.

Why do people just accept "thats the way it is"...where do you the banks get their money from? US! They need us, we don't need them...my bank help themself to my money all the time...the amount I have lost in charges exceeds my debt. Yet ask for a penny back and its no chance. I refuse to accept this, and I can't understand why people don't share my frustration.

I am going to start breaking a window in HBOS every time I get late payment fee. I got two today. I will enjoy this.

cgk1

Tried it. Thats how my initial £100 wonga loan is now a £600 loan to repay the last one off each month. The worst was defaulting on a £400 loan and paying £900 back for the prvilege. Thats £500 I threw away down the drain in one month. Thats £150 more than I would have to pay on a normal loan.

So you made then an offer of payment and they refused it? Tell them to take you to court, absolutely no judge is going to sign off on an agreement that leaves you with £40 out of an income of £1900. As long as your offered payment is reasonable considering your other outgoings, they would be left to explain why they didn't accept it.

Edit: Wait, you took out another wonga loan to pay off the first one? Why on earth did you do that?

clairbear1000

The thing is, you can do whatever you want, smash windows or moan on an internet forum but you still wont get what you want. You will not get a consolidation loan. Numerous people on here have been there and done that, we were probably all like you thinking it was the 'only' way out. But that was when banks threw good money after bad, they just wont do it anymore.

The people on here, by no means share one braincell, there is a lot of helpful information around to improve the quality of your life.

Listen to what Katsu says (amongst others) and get some professional advice. No matter how unfair you think it is you wont get that loan.

Good luck, maybe eventually you'll relalise the sense that people here talk.

wotsthat

Tried it. Thats how my initial £100 wonga loan is now a £600 loan to repay the last one off each month. The worst was defaulting on a £400 loan and paying £900 back for the prvilege. Thats £500 I threw away down the drain in one month. Thats £150 more than I would have to pay on a normal loan.

Forget the 'normal' loan. You are comparing apples with pears - someone in your credit impaired state cannot have a normal loan.

Why do people just accept "thats the way it is"...where do you the banks get their money from? US! They need us, we don't need them...my bank help themself to my money all the time...the amount I have lost in charges exceeds my debt. Yet ask for a penny back and its no chance. I refuse to accept this, and I can't understand why people don't share my frustration.

Some people don't accept it (see posts above). They get their own back on their creditors by paying off their debts.

I am going to start breaking a window in HBOS every time I get late payment fee. I got two today. I will enjoy this.

Google 'stages of grief' - you sound like you might still be in the anger phase.

callistris

ciscokid wrote: »

Ok this is my last message, you people are clearly sharing the same dead braincell between the lot of you. To those who offered good advice, I applaud you...

The dead braincell as you put it is obviously more intelligent than what you have between your ears, as you've been given lots of good advice on here and just because its not what you want to hear you don't like it;)

I'm sorry if you feel let down by society not having a bottomless pit of money to lend you each time, you "just need a loan" but that is life these days, borrowing more to pay off what you have borrowed is not the answer!

You stated that 5 years ago if you had of been given the loan you were after then you wouldn't be in this mess now, well I think its a pretty safe bet to say you're right you wouldn't be in this mess now but instead a far worse one!

I've been in a position myself like you before so I know how it feels, thinking "if only I could get a loan to pay it all off" guess what? I did and months later the cards were all full again and now I also had a loan to pay for:(
I dealt with it by budgeting extremely hard and counting every single penny that was spent and paying minimal amounts to all my creditors, eventually some years later I got myself out of it, so it can be done but you have to be prepared to put alot of hard work into it.
There are no simple solutions anymore!

ciscokid

callistris wrote: »

You stated that 5 years ago if you had of been given the loan you were after then you wouldn't be in this mess now, well I think its a pretty safe bet to say you're right you wouldn't be in this mess now but instead a far worse one!

I'll take you on in that bet. Heres my savings account 2007. If I got the loan to clear my mess in 2005, I wouldn't have been homeless in 2007 and needed to buy a new house, the only house of which being 30 miles out of the city from where I work, meaning the cost of my living increased. I also wouldn't have lost my job which changed my take home pay from £2100 per month to £1450 per month. I also wouldn't have lost my license after crashing my car as I woudn't have defaulted on my car insurance and had to pay full expenses and go to court and pay charges there as I didn't realise whilst driving i wasn't insured. I also wouldn't have been so depressed so many times and lost so many jobs which have meant spells of 3 -4 months with NO WAGE whatsoever (while all the time the APR kept ticking).....Its easy to sit and presume things, I like to stick to hard facts.

Date Display: All transactionsAlphabetically sortedATM transactionsBACS/Salary CreditsBill PaymentsCashChequesDirect DebitsInterestTransfersStanding Orders Money Out Money In Balance
23 Dec 2007 Transfer 300.00 4,200.00
18 Dec 2007 Transfer 500.00 4,500.00
Transfer 500.00 5,000.00
07 Dec 2007 Transfer 500.00 5,500.00
30 Nov 2007 Transfer 1,200.00 6,000.00
29 Nov 2007 Transfer 200.00 4,800.00
10 Nov 2007 Transfer 1,300.00 5,000.00
31 Oct 2007 Transfer 1,500.00 6,300.00
27 Oct 2007 Transfer 3,000.00 4,800.00
Transfer 200.00 7,800.00
19 Oct 2007 Transfer 500.00 8,000.00
15 Oct 2007 Transfer 1,000.00 8,500.00
08 Oct 2007 Transfer 1,000.00 9,500.00
06 Oct 2007 Transfer 500.00 10,500.00
01 Oct 2007 Transfer 4,000.00 11,000.00
Transfer 319.38 15,000.00
23 Sep 2007 Transfer 1,500.00 15,319.38
21 Sep 2007 Transfer 24,698.63 16,819.38
17 Sep 2007 Transfer 500.00 41,518.01
25 Aug 2007 Transfer 1,000.00 42,018.01
24 Aug 2007 Transfer 500.00 43,018.01
22 Aug 2007 Transfer 500.00 43,518.01
20 Aug 2007 Transfer 200.00 44,018.01
15 Aug 2007 Transfer 1,000.00 44,218.01
14 Aug 2007 Transfer 600.00 45,218.01
09 Aug 2007 Transfer 500.00 45,818.01
Transfer 500.00 46,318.01
07 Aug 2007 Transfer 1,000.00 46,818.01
30 Jul 2007 Cheque - Available 7/ 8 47,818.00 47,818.01
20 May 2007 Transfer 100.00 0.01