loan help

liljh

hey
i currently have 2 payday loans which are costing alot to maintain every month. I am looking for a loan to pay off both of these pdl but i have a bad credit rating. Can anyone suggest any loans companies which are suitable for people with poor credit.

BugsyBrowne

liljh wrote: »

hey
i currently have 2 payday loans which are costing alot to maintain every month. I am looking for a loan to pay off both of these pdl but i have a bad credit rating. Can anyone suggest any loans companies which are suitable for people with poor credit.

Your lucky you have caught me before bed, the answer to your question is NO I am afraid.

jonesMUFCforever

Previous poster is 100% correct.

If you have a poor credit rating and use Payday loans nobody will want you.

chesky369

Presumably you tried more orthodox (and cheaper) ways to borrow when you took out the Payday Loans. What makes you think it will be easier now?

DCFC79

liljh wrote: »

hey
i currently have 2 payday loans which are costing alot to maintain every month. I am looking for a loan to pay off both of these pdl but i have a bad credit rating. Can anyone suggest any loans companies which are suitable for people with poor credit.

Why not pay 1 off next month and the other month after ?

paddyrg

Sorry OP, it aint going to happen. You are right to get out of the silly waste of money that is the monthly fees etc., but borrowing isn't the way out. Instead it will (I'm afraid) come down to selling stuff or working more.

If I were you, I'd work out how much you need to clear the first loan (the cheapest) outright, then have a dedicated month of doing overtime/mowing lawns/washing cars/ebaying stuff to clear that first debt - do it as a concentrated 1 month splurge. Then the next month you pay everything you were paying into the paid off loan into the second one - and again in month 3 if needs be.

Going through some concentrated pain for a month will mean in 3 months you'll have so much more left in your wallet you'll really feel it. It's worth it for 30 days of extra effort!

jonesMUFCforever

Spam reported.

DCFC79

Spam reported

dealer_wins

DCFC79 wrote: »

Why not pay 1 off next month and the other month after ?

Dont be silly, no one takes out a payday loan and actually repays it on their payday!!

Its all about borrowing £200 and paying back £3000 over 36 months rolling it over, before going bankrupt and ruining your credit for the next 6 years!!