Made A Big mistake

Emmzi

CKhalvashi wrote: »

I’m a lot older (and I hope a lot wiser) than the OP.

Wiseness comes with age!

WISDOM!!! the word is WISDOM!!!!

(rant over!)

[Deleted User]

CKhalvashi wrote: »

Wiseness comes with age!

Emmzi wrote: »

WISDOM!!! the word is WISDOM!!!!

Isn't it wiseity?

Coveredinbees!!!!

Just wondering if the OP is over 18 if not the loans are unenforceable anyway.

DevCoder

If I understand correctly, they may be unenforceable but they are still due.

i.e. they cannot be forced to pay but they will still affect the persons credit rating if they don't pay.

Poosmate

If the OP is under 18 then they should be done for fraud!

Catden_2

My son wasn't always good at handling money, my advice is to calmly ask you if you can speak to them.
Tell them you understand what you have done was silly & irresponsible (I know, but it best to be up front) Ask if they have any advise or help they can give you, promise & mean it that you will never do it again.
Should they offer a loan ask them how they would like to be paid back although you might just be told.
If a loan is not forthcoming ask for suggestions for how to get out of the jam.
Try, try, try not to get into a row about it, you may have to keep calm and take it.

Don't worry about some of the remarks on here they are not all helpful.:mad:

_Andy_

Catden wrote: »

Don't worry about some of the remarks on here they are not all helpful.:mad:

How the hell can they be helpful when the OP hasn't even asked a question or explained what advice they're after?

Standingtall

Op, they are just worried about you I should think and they want you to make sound decisions and not make to many mistakes. So many 'older' people see Payday loans as akin to illegal loan shark debts and feel they should be legal. Whilst this may not be accurate it is nonetheless how they view them - I am one such older person and felt this way my son took out a Payday loan. At least, this my take on your situation.

So, have he heart to heart, learn from your mistakes and, importantly, demonstrate that you have learnt as chances are they will be watchful and will worry for quite some time.

lantanna

You could look at it as a good thing, that your parents are worried about you. Take this as a lesson and a great opportunity to learn about finances, the importance of budgeting and the importance of maintaining a good credit file. I only wish someone had explained the reasons behind the above to me when i was young and foolish as I am still paying for my mistakes now

Bangton

I feel really sorry for you OP. If I had a tenner for every mistake I have made I'd be pretty well off by now : )

Please don't use payday loans again - they are terrible and will only make your apprentice wage even lower when it comes to paying them back.

Are you able to meet the repayments or are your parents having to bail you out? I think threatening to kick you out will probably be a knee jerk, angry reaction to what's happen (especially if they are bailing you out...no one wants to fork out that much money!) Technically I was kicked out of home loads of times, I actually left a total of 0 times!

I'm older now...and wiser, but can remember feeling that same shame with my own mum and dad. If I could go back and wipe away my mistakes, I would but I can't. The important thing is to learn your lesson...I think you have..the title of your thread says it all.