Taking the step off the payday loan roundabout

WELSHSTUD10

Hi guys got into a sticky situation i have 9 loans outstanding at moment, Started with one which led to another and another to pay off loans i couldnt really afford my own fault i now.
I have already defaulted on 5 these are

* Payday uk = original loan £410, was ment to repay £512 on 27th dec, Debt still stands at £512 no charges have been added since i defaulted

* 24/7 money box = original loan £100, was ment to repay £130 on 27th dec defaulted on this now owe £200

*Txt loan = Original loan £100, was ment to repay £110 on 27th dec defaulted on this now owe £200 and got fredricksons internation harrasing me daily for this

*mobilequid = Origianl loan amount £100 to reapy £112 on 27th dec defaulted on this now owe £220

*Wonga = Original loan amount £400 to repay £448 on january 1st defaulted on this now owe £624.73

The other four are all due on the 27th of this month and they are

*Prime payday/Tower Capital original loan £100. owe £124 on 27th jan

*Cash genie original loan £150. owe £195 on 27th jan

*1 month loan original loan £250, owe £325 on 27th jan

*swift sterling/northway/poundstillpayday original loan £200 owe £259.96 on 27th jan

No payment plans have been set up with any of these as of yet, I would say i have £200 a month to set up payment plans, can anyone advise me on which companies are easy to deal with and which ones are awkward and what you would offer each and over how long.

Also text loan debt agents Fredricksons international are harrasing me like mad where do i stand with them

Please help guys

Spendnsave2010

wow thats a lot of payday loans - was you in a position to pay them when you took them out?

tomitma

Ohhhhhh you are in a mess, If I was you, I would change the sim card in my phone, start a new bank account, and block off my letter box. They are not going to leave you alone, I suggest you contact them all, and offer them something, they are not going to go away.

WELSHSTUD10

When i took them out i had 2 incomes coming in as my partner was woring but due to circumstnces beyond our control and the economic climate he has now lost his job so is currently looking for work, he has had 3 interviews this week so we can only hope.

Emmzi

sell everything you can to clear as many as you can

fess up to family and borrow

even provvy would be a better plan.

sp1987

I think if it were me I would take some money (you say you have £200?) and pay off a lower amount one with the higher charges added per month, with smaller payments to others. You can't possibly pay them all off at once and some may freeze charges/some may not. Maybe someone knows which freeze charges on default and which are worse (so to get them paid quicker to avoid such charges).

I think I'd pay that prime capital/tower payday one off before it gets charges added and goes up. Then you have 8 to worry about...not 9. When you default on them they seem to go from £120 to circa £220 in charges, so you could at least stop one of them doing that. Then in a few months you would be left with a few of the bigger ones left, but you can be paying them off slowly and it could be more doable if the interest/charges are frozen. You just have too many small loans liable to grow there to really make much of a dent in.

Maybe someone else will have other thoughts but unless you are in a position to borrow on a bank loan or from family etc to pay all of these off, it is just going to be damage limitation whilst you slog through them.