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Help with debt!!

edited 30 November -1 at 1:00AM in Debt-Free Wannabe
4 replies 555 views
guitarman08guitarman08 Forumite
2 Posts
edited 30 November -1 at 1:00AM in Debt-Free Wannabe
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.

Replies

  • CH27CH27 Forumite
    5.5K Posts
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    If you post your SOA people may be able to help you:)
    Try to be a rainbow in someone's cloud.
  • 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 2016
  • Thanks, sorry im not sure i know what a SOA is :( !

    Thanks for the link!
  • 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 2016
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