Payday Loans Help

ggboybeamer

Hi forum I would just like to see if anyone can give me advice on how to pay off my loans.

I owe about £1200 of PayDay Loans To Date. A loan of £600 is due at the end of the month.

I earn about £400-500 a month. I have been looking and applying to several banks online for loans for over 12 months or 24 months for £1000 and none of them are accepting me. I am trying this because it would be cheaper to pay off the debt by using a loan of £1000 to pay off the payday loan debts. I have checked my credit score and its at the fair rating at the moment 742 is my score.

If anyone can reccomend me a loan service or site that I can borrow £1000 of then please tell me otherwise if anyone can reccomend any other way to pay this debt off. Its killing me please. I can't really borrow from my parents or relatives. What happens if I can't pay this off at the end of the month ?

Im scared that they will take me to court. I knew it was stupid borrowing money from payday loan company and never again will I do it I was just desparate at the time.

Please help

Mara69

You've got no chance of getting a loan from a mainstream lender for a number of reasons (low income, high debts). You need to post on the debt free board. They'll advise on how to make an agreement with your creditors.

DCFC79

What were you desperate for ?

Stop looking for loans, can you get a second job to up your income ?

Why not talk to the lenders and come to some kind of arrangement.

jam1980uk

DCFC79 wrote: »

What were you desperate for ?

Stop looking for loans, can you get a second job to up your income ?

Why not talk to the lenders and come to some kind of arrangement.

2nd Job are you in the real world there are no second jobs and no first jobs for millions of people.
i am the same have payday loans that eat all my money, i had to get 1 when my car fail mot or i could not get to work sometimes you have no choice because there is nothing else for people on a low income

smileytiger

There is always a choice & before anyone thinks i'm some well off person having a go i'm not - anything but - i just can't understand how so many people get caught up in the payday loan trap.

It's none of my business - but it amazes me the amount of threads on here that say the same thing - over and over.

Not trying to be judgemental - but i'm really curious as no matter how little money we have - i would never ever go there. Are there really that many desperate people in this country - or is everyone trying to maintain a lifestyle they cannot afford?

I hope the OP and other get sorted and can move on.

Apples2

jam1980uk wrote: »

you have no choice because there is nothing else for people on a low income

Doesn't give you an entitlement to someone elses money though does it?

You think because you don't earn enough, someone else should be there to throw extra cash at you.... grow up.

DCFC79

jam1980uk wrote: »

2nd Job are you in the real world there are no second jobs and no first jobs for millions of people.
i am the same have payday loans that eat all my money, i had to get 1 when my car fail mot or i could not get to work sometimes you have no choice because there is nothing else for people on a low income

Chill old bean, there are second jobs but you need to look,

ihateyes

cancel your bank card, get new bank account. contact the National debt line, CAB Payplan or cccs for help and advice. what companies are involved

jam1980uk

Apples2 wrote: »

Doesn't give you an entitlement to someone elses money though does it?

You think because you don't earn enough, someone else should be there to throw extra cash at you.... grow up.

What are you on about.....
did i say anything like that??????
i said sometimes there is nothing you can do. Banks wont lend people money, and there is nowhere else to get help and life does throw things at you when you least want it to and people dont have the resources to get out of on your own you dont have no choice..

and yes i looked for second jobs but there is hardly anything as i got a young son and if i did get a job like night time bar work i would get taxed far to much and not see my son so not many options.

DCFC79

jam1980uk wrote: »

What are you on about.....
did i say anything like that??????
i said sometimes there is nothing you can do. Banks wont lend people money, and there is nowhere else to get help and life does throw things at you when you least want it to and people dont have the resources to get out of on your own you dont have no choice..

and yes i looked for second jobs but there is hardly anything as i got a young son and if i did get a job like night time bar work i would get taxed far to much and not see my son so not many options.

Dont know why but my comment about a second job wasn't aimed at you since your not the OP