Pay Day Loan Confusions and utility bill

aaronblogjohns

What The Hell? there are somany payday loan offers about wich one's are any good? without being a total rip off !!

Basicly i need a quick loan till i get paid to cover (suprise suprise) a HUMONGUS electric bill. ive been paying £75 a month and the yearly settlement is another £450 ontop on a 2 bed flat !!???!!??

They put up my DD to £132 p/m to cover it. i'm so mad, i want to pay the £450 and go else where if i dont pay a cant move and so it goes on.

Any sugestions?

Thanks . Aaron

dtaylor84

You want to take out a horrendously expensive loan to pay off a bill that you don't have to pay???

Wait until you have the money then pay off the electricity bill.

DCFC79

Speak to the elec co about the bill and come to some sort of agreement about paying it.

[Deleted User]

aaronblogjohns wrote: »

What The Hell? there are somany payday loan offers about wich one's are any good? without being a total rip off !!

None come with 'offers', sorry
it is probably the most risky thing you can do entering card details over the net

You would be better trying to join your nearest credit union

If you insist on going down payday loan avenue - make sure you choose a lender with a strong presence (well known)

HappyMJ

They are all a "total rip off". You could get a credit card but even then they average about 20% interest which you could not save by moving providers.

aaronblogjohns

Wow lots of food for thought thanks a lot for all your suggestions and replies so far!! ...I’m so angry because they’re making me go further and further into debt!! I’ll pay the increased DD and then no doubt they’ll present me with a large settlement again at the end of the year… GIT’S!!

HappyMJ

You could always use less....

Mara69

Are you making sure you read the meter regularly? Pay the increased DD, then in the summer your usage should drop so you can catch up.

aaronblogjohns

hahahahaaa yeah id love to just use less. 2 bed flat me and my gf work full time. there is no gas the whole place runs on electric. we only have an emersion heater. its on from 2am till 6.30 am then we use the booster in the morning. you wanna see the meter going when we put it on..its crazy.:)

malkyh

aaronblogjohns wrote: »

Wow lots of food for thought thanks a lot for all your suggestions and replies so far!! ...I’m so angry because they’re making me go further and further into debt!! I’ll pay the increased DD and then no doubt they’ll present me with a large settlement again at the end of the year… GIT’S!!

I'd rather be owe my utility company money than a PDL company. If you dont pay back in time you'll be in debt a hell of a lot more than a utility company could put you.

[Deleted User]

Hi aaron

Has someone from the electric company been out to make sure everything is working properly?
and that your on the best plan even

Don't worry I'm in a similiar situation!
They tried to put my Direct Debit up by a lot recently even after not switching on heating till as late in the winter as possible and then it's low, but I had them easily put the D/D back to what it was while trying to get the above done, then if I am in debt I have a few months more to try and do something so don't give up heart but I know it is a frustrating time