Debt free wannabe about to sort out all my debt

onyablue

This is my lightbulb moment for so many years i have been ignoring my debt and borrowing from peter to pay paul well no more i cant live this way anymore so from today am admitting i have a debt problem .first step is change Bank account{ process in action}next step do a budget plan then call payplan and start sorting this mess out ,altogether i have catalogue and payday loans stupid i know but thts my fault nobody else s so wish me luck as i endevour to get debt free

onyablue

do i approach them myself or go through pay plan

unimaginative_user_name

Good luck!

Willing2Learn

onyablue wrote: »

do i approach them myself or go through pay plan

That is your choice. It will take the pressure off by going through Payplan, Stepchange or National Debtline. They are the professional and know what they are doing.

What was it that lead to your LBM?

And of course, good luck on your journey!!

onyablue

What was it indeed i think it was the thought of trying to get through next month on 80pound and having to lend all my wages back on payday loans i just thought enough i need to sort myself out plus the support and info on here has helped me

onyablue

First steps for me have arranged new bank account and got all my debt letters out from the drawer you know the one where we all stuff our red letter bills in :{ payplan are calling me tomor to go through it all

onyablue

So here we go have arranged a new bank account with a building society and am cancelling my debit card with natwest will also try to cancel the cpa on the card for wonga and lending stream ,both payments are due on the 28th luckily i get paid on the 27th so can swiftly remove it and put into my other account ,i feel bad but have to do this otherwise will be in negative balance all month ,i will never ever be tempted by a payday loan ever again .

ghostmadlittlemiss

Hi,

As some of your debts are to catalogues, could you try Ebaying some of the stuff you bought? It's unlikely you'll get back what you paid for it but it could help give you some money for a full and final settlement further down the line.
Kayleigh

onyablue

No as it was white goods as in a cooker and fridge ,im going to be sorting out a dmp but am more concerned about the pay day loans at the moment as they are due out on the 28th ,im going to offer a nominal payment but wondered if anyone else had any dealings with wonga and lending stream and could offer advice ,but thankyou for answering

onyablue

well nat west were useless told me i have to get the payday loan companies to stop the recurring payments like they will do tht ,so as have new bank account with nationwide have cancelled all direct debits with natwest and closed my account ,now will email the payday companies and speak to stepchange about my dmp

onyablue

And i will never ever use a payday loan again as i am incapeable of controlling myself with them entirely my fault but will not be getting myself in so much rubbish again