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PayDay Loans

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Hi, looking for some help with PayDay loans that I've stupidly got myself into.

I've currently got 6 loans totalling £2,200 that I won't be able to pay off.

Wonga: 866 28/11
Minicredit: 120 28/11
WageDayAdvance: 388 28/11
PayDayExpress: 388 28/11
ToothFairyFinance: 236 28/11
PayDayUK: 250 28/12

Is there a way that I can combine them all into one monthly payment at all? I'm currently a full-time student and the company I was working for went under so I'm unemployed as well.

Comments

  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 23 November 2012 at 3:10PM
    Derfell wrote: »
    Hi, looking for some help with PayDay loans that I've stupidly got myself into.

    I've currently got 6 loans totalling £2,200 that I won't be able to pay off.

    Wonga: 866 28/11
    Minicredit: 120 28/11
    WageDayAdvance: 388 28/11
    PayDayExpress: 388 28/11
    ToothFairyFinance: 236 28/11
    PayDayUK: 250 28/12

    Is there a way that I can combine them all into one monthly payment at all? I'm currently a full-time student and the company I was working for went under so I'm unemployed as well.

    Why were you taking out the loans when a student ?

    Anyway 1 debt doesn't solve the issue. How would you pay the consolidation with no job ?

    Get looking for a job to help with paying off the debts, any job would do so not the time to be picky. Got anything to sell.

    Forgot to say go over to the dfw board and post an soa.
  • You won't get another loan with no job and pile of outstanding PDLs.

    Try the DFW board for some cost cutting advice and pay back as hard as you can.
  • sharpy2010
    sharpy2010 Posts: 2,471 Forumite
    You won't get another loan with no job and pile of outstanding PDLs.

    Try the DFW board for some cost cutting advice and pay back as hard as you can.

    Thats absolutely the best advice that can be given.

    However, with such massive loans compared with no income, I'd have said its completely impossible that the OP is going to be able to pay those loans off in any way at all.
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