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Payday Loans

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I have had a lot of issues and problems occur in the last couple of years and started on the slippery slope of pay day loans. I originally started out and got 5 and had no problem paying them off etc but then as my partner got ill and had to work less and I had some bereavements I got in a bit of a mess and increased the number of pay day loans I had to almost 15!!! I applied and used them to pay other ones off and pay my rent etc and now I have all these and can not really afford to live properly anymore. I know it is my fault for taking out so many but now I don't know what to do and wondered if anyone can advise me on what I should do and if I can do anything about it? I am now working full time.

Comments

  • DevCoder
    DevCoder Posts: 3,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you are now working fulltime then you need to start eating into each PDL.

    15 PDL's (I assume with different companies?, although some will be linked) is beyond ridiculous . You need to write, recorded mail, to each company and ask for a pay plan.

    some will, some won't. There is no legal obligation for any company to do so.

    Head over to the DFW (Debt Free Wannabe) section and post a SoA (Statement of Affairs) sooner rather than later for some advice.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cant go wrong with what has been posted above ^^, nearly 15 is just incredible but you need to make a start paying them off.
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    OP is 100% troll post. A bit late this weekend, normally its in by lunchtime.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OP is 100% troll post. A bit late this weekend, normally its in by lunchtime.

    Was it the 15 pay day loans that gave it away ?
  • Mara69
    Mara69 Posts: 1,409 Forumite
    First ever post + 15 payday loans + partner unable to work + 'some' bereavements (!) = troll.
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