We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Help with debt!!
guitarman08
Posts: 2 Newbie
Hi, over the past 6 months i've been very silly with money!
I have amassed around £2000 in pay day loans from different company's over the past 6 months as with all pay day loans this need's to be paid at the end of the month. i've got to the stage that all i can afford to do is deffer the loans but when deffering the intrest rises and it builds up!
I dont have a clue what my options are if any! please help.
I have amassed around £2000 in pay day loans from different company's over the past 6 months as with all pay day loans this need's to be paid at the end of the month. i've got to the stage that all i can afford to do is deffer the loans but when deffering the intrest rises and it builds up!
I dont have a clue what my options are if any! please help.
0
Comments
-
If you post your SOA people may be able to help you:)Try to be a rainbow in someone's cloud.0
-
Hi,
Saltnvinegar has a very detailed and helpful thread about payday loan companies - well worth a read. Dealing with payday loan companies
:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(
Total Cleared £10586.23: £6539.14 council tax arrears, £825 unauthorised OD, £250 CCJ, £1076.79 NW, £466.22 Cap One, £831.86 CL Finance, £597.22 Assorted
DFD: July 20160 -
Thanks, sorry im not sure i know what a SOA is !
Thanks for the link!0 -
A SOA is a statement of affairs, basically a breakdown of income, outgoings and debts. There is a link at the top of the thread list that tells newcomers what to do and there is also the budget planner which allows you to create a SOA. If you do one you will get lots of suggestions of where you can cut costs.:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(
Total Cleared £10586.23: £6539.14 council tax arrears, £825 unauthorised OD, £250 CCJ, £1076.79 NW, £466.22 Cap One, £831.86 CL Finance, £597.22 Assorted
DFD: July 20160
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.1K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards