what am I gonna do?

applec

I have seven payday loans totaling £3,894 - even if I defer them
for another month Im at least a grand short of what I need -
after I pay my priority debts, which have mounted because I havnt
been paying them I ve got a paltry £300 left to offer the sharks,
so a company expecting £468 I can offer £36, another owed £1332
I can offer £102 - my god what am I TO DO?

Tixy

I would contact one of the debt advice charities asap.
You might well want to open a new bank account with a different bank and have your income paid into that. Then the debt advice charity will advise you on the best way to negotiate repayment plans.

IMPORTANT - Where to seek professional impartial advice about your debts.

Dealing with Payday Loan Companies

DCFC79

How did you get to this position ?

did you bury your head in the sand or did something else come up that too your eye off the ball ?

Were you spending above your means ?

redfox

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applec

Some years ago I had a construction company, building new homes - basically went belly up when the bottom fell out of the property market - CCJ'S etc followed - during the next few years any type of finance was unavailable, untill i got a loan with Welcome finance. I paid this off, on time, no late payments, a credit card followed, again paid on time - when after six years all the defaults and ccj's had fallen off my credit report I thought I may be able to get credit and go back into business - think again! despite in the last six years my having no late or missed payments, no defaults etc, my score is poor - why? I had started taking payday loans - as an example Lending Stream lent me £300, which I repaid on time - they contacted me and said i was approved for a reloan which I took, and repaid on time - when I investigated why my score was so bad, it transpired LENDING STREAM had searched my file 4 times - they search every loan, but do not report on the status of loans granted so you get all the pain, no gain,basically I had figured I would get a loan from a mainstream lender for say 3k over 3 years
and Id be clear, but the payday boys ensure you have nowhere to go but them