a loan to pay off all loans

pinkl0ve27

I am not sure whether I should be doing this or not.
With my pay cycle being every 4 weeks the amount I get paid is not always going to be the same and this month was a bit of a bump to usual so it is beginning to get hard to last until I next get paid 22/03/2013. I have worked out how much I have left now after my grocery shop and a few pay day loans have come out already but with utilities and a few PDL's still to go I'm unsure that I will even have enough left at all. I don't want to but I feel the only way I can write off everything is with a large loan amount so that instead of paying everything off bit by bit I will have only the one to pay off.

I don't want to REALLY I don't but without the write information and advice I feel I have no other option.

Can someone please help!
Before I do something I regret.

DCFC79

Ah i think I remember your u/name, you posted on the fod shopping board didnt you. Anyway, whether you can get a loan (and at what rate) is dependant on what you owe, what your salary is, what your credit history is like and any missed payments, ccjs etc. With payday loans it might be less likely but you never know.

Is your outgoings at the min eg insurance (car, home, contents), mobile, tv ?

You live with your partner right, whats the combined income ? Could you not share the outgoings.

pinkl0ve27

DCFC79 wrote: »

Ah i think I remember your u/name, you posted on the fod shopping board didnt you. Anyway, whether you can get a loan (and at what rate) is dependant on what you owe, what your salary is, what your credit history is like and any missed payments, ccjs etc. With payday loans it might be less likely but you never know.

I believe I have no missed payments but it is the PDL's that worry me because they are so shall we say naughty? Like I say my salary can vary because of the "every 4 week" cycle. I know at the end of March I will get more because they only pay you up to the week before your pay date so that will be included in this packet.

I'm at an end. I get headaches and sleep bad because of this stress.
I want to smile again.

My partner is unemployed which makes it more of the worry.

Tixy

With several payday loans on the go you may well struggle to get any mainstream finance.

How much are your outstanding debts? how much were you hoping to borrow?

pinkl0ve27

I have:
Payday UK: £263.00 due on the 3rd March
Quickquid: £76.32
Wonga:£36.63 - both of these which are due to come out soon.

With Quickquid and Wonga I have a payment plan with these which is due to end in May but with them all coming out on the same month as well it is going to leave a big hole on top of which I have to pay my utilities as well.

If I could just get a loan to pay all the PDL's off and my credit card that would be a bonus but if not I could live with it I would feel better but I don't feel it is going to be easy.
Plus I would not know which loan to apply for bearing in mind they accept me and for how long.

I am in such a puddle

DCFC79

So does your wages vary depending on what OT you do ?

Tixy

Presumably they are not the total of your debts - just what you have agreed to pay this month?

If you are on repayment plans with payday loans this is likely to show on your credit file, either as defaults or arrangements to pay. This is likely to make it very hard to get any new loan.

Have you tried posting on the debt free wannabe board and posting up a statement of affairs for people to offer advice to see if they can make suggestions as to how you can manage better?

DCFC79

Yep she posted on the dfw here

OP did you drop your vm package ?

Im not prying OP but as you are in the deep, whats the status with the job search for your partner.

TheBanker

pinkl0ve27 wrote: »

.

I'm at an end. I get headaches and sleep bad because of this stress.
I want to smile again.

Can I suggest you speak to the wonderful people at Stepchange Debt Charity

They can't make your problems go away but they will be able to help you deal with this. If it's making you ill I think you need to seek professional help sooner rather than later.

pinkl0ve27

DCFC79 wrote: »

Yep she posted on the dfw here

OP did you drop your vm package ?

Im not prying OP but as you are in the deep, whats the status with the job search for your partner.

No but I am contacting VMedia tomorrow to do so.

pinkl0ve27

DCFC79 wrote: »

So does your wages vary depending on what OT you do ?

mostly yes it does and what part of the month it falls on

i think i am just going to bite the bullet and budget until next month, hopefully after this month i will be on an even keel it just means big cut backs i did it last month i can do it again?