Payday loans....

DCFC79

dealer_wins wrote: »

This is exactly why PDLs are such bad news. It starts out with a small loan/card, and before too long swamps the borrower with unafordable debt, trashes their credit score and causes untold stress and hassle.

Hope you can more forward OP and take DCFC79s advise.

This case is an example where it turns out not too good, you borrow 1 PDl to pay off the credit card then borrow from another PDlL to pay off PDL 1 and it just ends up in a vicious circle.

OP how about looking for a second part time job to fit around your current 1.

skintandscared_2

Tixy wrote: »

Just stopping the card is not sufficent. If you have any money in the bank account (or any unused overdraft) chances are they'll still take whatever is there direct from your bank account. You need to ensure you empty that account and open a new bank account at a totally different bank.

This is so true. I've read so many instances on here of people saying their card's been "stolen" and the loan company still getting their money from the account.

Also - bear in mind - if you are tempted to use another payday loan company, DON'T! Many are linked, and if you give a "new" company your new bank details, chances are they will be linked to an existing debt company and the existing loan will be taken at the first opportunity.

27col

I'm having a bit of trouble trying to get my mind around someone thinking that a 0% credit card meant that they did not have to pay anything for 2 months. My credit card statement has always stated what the minimum monthly payment should be. I imagine that this figure is to be found on all CC statements