Your main worries with loans

InDebtByThousands

Hey there,

I am John, 36 from Basingstoke and have real money problems.

This is a good website so I thought I'd try my luck, anyhow I was just wondering what do most of you people struggle with when trying to pay back a loan.

Recently I took out a 15 week loan of £75, small company and fair rates but having around £26 in my pocket after bills I have to pay out 20% of that on weekly payments.

My issue is, are there any companies that do small loans with longer contracts so that the payments are smaller, I'd rather this than unencouraging big payments.

Guys what are your downfalls and highs to loan agreements in todays world.

Thanks
John

chalkie99

If you are struggling to make repayments of £5 a week your best bet is to make a post on the Debt Free Wannabe section of the forums where you can post up an SOA (Statement of Affairs) and see if anyone can offer advice on where you can be saving money and, perhaps, make sure you are receiving al of the benefits you might be entitled to.

cgk1

As Chalkie points out, if you are struggling with repayments of £5 a week, more loans are not the answer for you.

serverking

InDebtByThousands wrote: »

Recently I took out a 15 week loan of £75,

:eek::eek::eek: