My Situation.... Please Help

pubgolf

Hi people,

Im not sure I am posting in the right section as this is my first post, but I would appreciate some guidance, I have debts I cannot afford to pay, and the lenders wont budge,

I currently owe, £500 paypal, £6000 Bank (+£2000) Charges, £1500 Credit Card, and a few small other debts,

What I did was went over board on my chq card with my bank, to pay bills at post office to clear a load of old debts, but the problem is they were probably manageable, the bank have contacted me and said the minimum they will take for repyament is £500 a month, before they pass it to debt collectors.

I have recently moved and have not updated my address with them yet, but im quite worried im going to lose all my stuff to debt collectors, as I only have about £125 spare a month anyway.

Im not too sure about what to do.

Any advice would be helpful.

Thank you

Penny2myName

I'm sure if you post your SOA, some of the more regular and experienced members will be able to help.
All I can say is good luck

BAILIFFCHASER

pubgolf wrote: »

Hi people,

Im not sure I am posting in the right section as this is my first post, but I would appreciate some guidance, I have debts I cannot afford to pay, and the lenders wont budge,

I currently owe, £500 paypal, £6000 Bank (+£2000) Charges, £1500 Credit Card, and a few small other debts,

What I did was went over board on my chq card with my bank, to pay bills at post office to clear a load of old debts, but the problem is they were probably manageable, the bank have contacted me and said the minimum they will take for repyament is £500 a month, before they pass it to debt collectors.

I have recently moved and have not updated my address with them yet, but im quite worried im going to lose all my stuff to debt collectors, as I only have about £125 spare a month anyway.

Im not too sure about what to do.

Any advice would be helpful.

Thank you

What or who is the bank and what was your o/d limit and how much did you od by ? Trust me on this i can probably direct you out of it !!!!!

pubgolf

Hi,

The bank is Nationwide, no overdraft limit, just went and used most of the chq's on the chq card they gave me.

KittyBoo_2

You have definitely come to the right place for help.
You will get lots of support and useful advice on here.
Good luck pubgolf.

BAILIFFCHASER

So this is a common thing that the banks are letting people do. they let someone i used to work with go over by £15000 on their account the same way. !!!!!!

Valley's_girl

Hi Pubgolf :wave:

You have come to the right place you will get brill advice here.
Ally xx

pubgolf

Hi,

Well I hope so cause i defo do not have any idea on what to do here...

warburtonrichard

Pubgolf:
have a look on southernscouser's sticky post on this forum and try to put as much detail of your SOA into another message.
This will bring the advice out of the woodwork.
Talk soon, well done for shouting up
Warby
x

highguyuk

Can I just ask how your £500 in debt with Paypal? Is that a credit card, or eBay problems meaning that you've got into the red?

pubgolf

ebay problems, with chargebacks..