Close to the end :(

stupot_99

Hi Steve,

Well done on taking the first step. I know its hard but you'll get there, stay strong and keep posting here, this is a great place to get advice or to just vent. Everyone will support you and steer you in the right direction.

I dont know if anyone has mentioned this yet or not but it might help talking to your parents about this, they might be mad at first but if they can see you are being mature and dealing with the situation then they might be able to help.

Anyway take care bud and stay strong and remember these debts will go away eventually and you will get by this.

Stu

ellesbellesxxx

Please PLEASE don't do anything drastic - money is not worth it. The UK economy is in debt to the tune of billions and we are still going!!!!!
Get yourself on the phone and get repayment plans introduced.
You are 19 - you have so much yet to come!!!!!!!! ( I wish I was 19 again )

ellesbellesxxx

Just read that you were in a car accident which proved fatal - so sorry to hear you lost someone no wonder life is feeling too much. I would get some counselling in too, I was bad enough after a crash and getting whiplash but to go through something like that needs attention and cherishing yourself.

Gibbo93

Thanks for all the comments guys! I sent an email to McKenzie Hall last night to find out how much I borrowed from Lending Stream, so I can make an offer to repay them.

Does anyone know of a template where I can get this and make an offer to repay the debt?

Thanks once again :-)

simeyb

Gibbo - mate - try thinking about it like this - yeah you were daft getting the payday loans, but you weren't peeing it up the wall, it was for insurance etc. You won't do it again so lesson learned.

Second, payday loan companies are scum, complete scum praying on anyone they can - I can't believe the government lets it go on - anyway the phrase you need to keep in your head is "they are scum, they can f**k off, I'll pay them when i can and if they don't like it they can shove it". You may not actually mention this to them, but they are beneath contempt and are irresponsible lenders. In fact they all are - you are 19, have no affordable way to pay debt so they shouldn't have lent you in the first place.

Third, you are 19 with your whole life ahead of you - you will easily get through this - take people's advice on here - stay on here so we know you're OK and good luck mate.

castortroy28

Hi there,

Please dont do anything stupid. I was in the same position as you about 9 months ago. I thought there was nothing left to do. I have x amount of payday loans and they struck off my company bank account, therefore I couldnt receive any money.

I wrote out my suicide note that day at work and was planning to jump off the roof...

I was lucky my friends and family stopped me doing it. I owe my life to my best friend who stopped me that day. After then i finally broke down and told my parents what had happened and although they were angry it was a huge relief off my mind.

after talking to my parents about things... they told me the truth about what would happen to my family if i did something like that. They told me they would be devastated but more than anything my youngest brother who is 18, it would ruin his life. He is studying at the moment and has his whole life ahead of him and my parents told me that it would ruin him as he looks upto me.

i think we all underestimate what it would do to other peoples lives around us.

moving on.. youre now on the right track which is a good thing. Trust me it will finish very quickly and you can move on with your life. I am happy for that fact. It took me 12 years to realise I was doing things wrong now its been 9 months and my bank balance has never been as healthy and the relationship between me and my parents is so much better than before.

edrushuk

Hello Gibbo, just wanted to add my bit.

What is the worst they can do to you. Take you to court where you will get a CCJ. The courts will order payments which are normally affordable and less than the debt collectors will demand. You may have a a few years of not being able to get any credit(loans/mortgage/cards) but use the time to learn how to handle your money. By the time you are in your late 20's you could be debt free.
Read up on here how to handle debt collectors. Always keep contact and always tell them what you can afford and keep on paying them.

They will bully you, try to frighten you, but really they cannot do anything than ask, or take you to court.

The biggest thing I have learnt on here is where the power really lies, which is with you and not them.

We have all lived in fear from debt, but all realised it is just money, and while you pay it back and change your spending behaviour, it will be a great learning curve for you.

And you are doing now at 19 and not at 45 as did.

Good luck

Susanna

lacelady1

Hi Gibbo

I see you are in Hampshire, I am too. With regard to your feelings of despair, may I suggest you seek some help from Mind, there will be one in your area. I work for them and I am confident they can support you in this time of crisis. If you want to PM me I can give you some more details.

Please, please try not to worry about the debt, although I know you will until you have a definite plan to sort it out. It is a small debt although it seems like a mountain at the moment.

Are you claiming working tax credit ? Even as a self employed person you can make a claim, think you have to work over 30 hours but could mean up to another £200 per month depending on your net profit from self employment etc. Someone more knowledgeable than me will advise.

It will be ok and the good folks on here will support and advise when you need them.

LL

Gibbo93

Thanks for all the positive comments, lets drop the suicide bit now as i'm feeling a lot better after posting today!

So I had 2 calls from DCA's today, and got the ball rolling!!

WageDayAdvance - Collected by MotorMile:
I owe £189.70. I have opted for a 3 month repayment plan (Which I can afford) of £63.23 per month. They also offered me a Full and final settlement of £152.00 by the end of this month but I am not sure yet if I can raise the money, if I can I will strike this off the list!

Cougar Finance - Capital 1 Credit Card
I spoke to these guys as well today, very helpful I am impressed. I told them I could afford a maximum of £30.00 a month, and they put me on a 14 month repayment plan of £25.00 so I am not living in a gutter. I have opted to do this by bank transfer so if I can afford slightly more one month, I can put this money towards the debt to get it paid off quicker!

About to phone another back now who called earlier, but its good to know it's not all over and they (so far) are accepting my payment offers!!

mrsdee

hi there
blimey it is lovely to see how helpful people are being and in sharing their own stories too.... I know this might seem a bit of a big step but do you think you should consider changing your employment if you can? You mentioned you can use public transport - is it good enough for you to give up running a vehicle (even if just for a while) and getting a regular paid weekly job? I dont know what the nature of your self-employed business is, but if you could find employment elsewhere with an employer you may feel more supported, have a network of people to work with and get other benefits potentially. Just an idea - I guess you may have thought of it but given that your expenses are high then it may be worth looking into (notwithstanding what other people have said about your tax situation and claiming business expenses). It could simplify things and help you feel more positive for the future. Good luck. You are young and you sound like an intelligent young man.
Just think, the skills that you learn now regarding money will stand you in good stead when you have a family of your own one day.