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debt advice
allontheturn
Posts: 1 Newbie
I got into some real trouble when I lost my job in 2011, I was out of work for 6 months and just buried my head in the sand.
I am now back on my feet, I have repayments in place with all my main debts and have kept all my repayments up to date
My question is I stupidly took out 3 payday loans when I was really struggling I defaulted loans with pounds2pocket, wonga and paycheck credit (toothfairy)
Wonga and P2P have agreed to reasonable repayment plans.
Toothfairy are demanding £4000 for an initial £400, I know that they legally can have initial loan + 1 month interest. I have checked my credit file (experian) and all defaults are on their apart from Wonga and Toothfairy.
I wanted to face upto all my debt and get it sorted but as Toothfairy are being so unreasonable and trying to rip me off, will it do any harm if I just ignore it??
Any help appreciated
I am now back on my feet, I have repayments in place with all my main debts and have kept all my repayments up to date
My question is I stupidly took out 3 payday loans when I was really struggling I defaulted loans with pounds2pocket, wonga and paycheck credit (toothfairy)
Wonga and P2P have agreed to reasonable repayment plans.
Toothfairy are demanding £4000 for an initial £400, I know that they legally can have initial loan + 1 month interest. I have checked my credit file (experian) and all defaults are on their apart from Wonga and Toothfairy.
I wanted to face upto all my debt and get it sorted but as Toothfairy are being so unreasonable and trying to rip me off, will it do any harm if I just ignore it??
Any help appreciated
0
Comments
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it will do more harm than good. use a good charity like stepchange, ask them to look into the amounts and see ig they can negotiate a real figure. if you ignore it more than likely it will get worse0
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