Stuck in paydayloans.

tom22

Hello!

First of all yes i know i was stupid, really stupid.
Short story, i had 2 jobs, so i thought i can take out some extra money when i needed for holiday etc. So i done it, then i had some emergency problems, had to pay out more money to things and i taked out again and again...

Now im lost one of my jobs and my monthly income is not enough to keep up the take out pay back then take out to pay back another one.

Im really worried and scared how to get out of this, im currently owing about £2000 for 4 companies. I try to find out what can i do to get out this hell, but not really sure what is the best solution. Searching online for solutions like debt managment, payment plans, some of them are looks good but after a little research its looks like im going to a bigger trouble if im using them.

So i would like to ask some advice or help what i should do...

Many thanks
Tom

OneLife_OneShot

If you call Wonga they can do a re-payment plan, I have never dealt with any other companies and I don't intend to, my experience with Wonga makes me realise just how bad PDL's are.

I hope you get it all sorted.

Apples2

tom22 wrote: »

So i would like to ask some advice or help what i should do...

Firstly you need to accept this issue will not go away on its own (lots before you simply bury their head which makes things oh so much more difficult).

There are options but few which will leave you with any kind of sensible credit file. Don't be disheartened by this, your file is already shot so it really is water under the bridge.

Have a good read of THIS THREAD

Pop into the DFW Board which is absolutely full of posts from poeple in exactly the same position as you. Cold comfort but you will know you are not alone, many are in a much worse place but are digging their way out.

Good luck.

tom22

Thanks conisme and Apples2, im reading the threads now to figure out how to sort this thing!

ihateyes

Payplan are a good debt management plan to do. they are free as well. some PDL's are easy to deal with, some are horrendous.

KingElvis

Oh my, that sounds like a real muddle...hope you get it sorted soon and hope you enjoyed the holiday.

Good luck.

tom22

Thanks all the help, i spent a lot of time on the forums, im feeling already better seeing there is a way out! Its gonna be a long way but at least there is a way!

Thanks again everybody for the help!!!