Poor credit unsecured loans...

Hang_Tight_Harry

Pounds to Pockets offer 12 month loans. The APR is incredible though, you'll pay back double. I agree with the others though. You should make agreements with your current lenders, not borrow more.

nyc_451

If you try to cut back as much as you can for a couple of months, you might be impressed at how much money you actually waste on non-essential stuff, and then possibly get into a habit of saving and not need pay day loans in the future.

damon1985

I appreciate all of the advice. On more positive note, where to start on rebuilding my credit rating?

poppasmurf_bewdley

damon1985 wrote: »

I appreciate all of the advice. On more positive note, where to start on rebuilding my credit rating?

Don't worry about your credit rating. From what you have said, that's shot for the next six years. Concentrate on getting your finances back onto course, and then your credit rating will take care of itself.

gb12345

poppasmurf_bewdley wrote: »

Don't worry about your credit rating. From what you have said, that's shot for the next six years. Concentrate on getting your finances back onto course, and then your credit rating will take care of itself.

++1

Start out by getting yourself over to the Debt Free Wannabee board and perhaps post a statement of affairs on there and people can give you an idea of how to cut your outgoings so that you don't need to rely on Pay Day loans in future.

DCFC79

poppasmurf_bewdley wrote: »

Don't worry about your credit rating. From what you have said, that's shot for the next six years. Concentrate on getting your finances back onto course, and then your credit rating will take care of itself.

++2

Sound advice this.

MikeThePike

poppasmurf_bewdley wrote: »

Unfortunately, there are no companies nowadays that lend money to people with bad credit.
.

Sorry - but your wrong.

For a loan of £1000 look at a government backed independent site :-
lenderscompared.org.uk

emmah89

damon1985 wrote: »

I appreciate the feedback, i do understand that the best option would be to not get loan. I think it was just wishful hoping that i maybe able to source a decent loan instead of dealing with so many payday loan companies. Mostly the situation is frustration that i let myself get into this mess.

Currently I owe £450 Wonga payment plan set up of 100 a month, Quick Quid £270 payment plan of £135 a month

Payday Uk £300 with no payment plan
Mr Lender 300 with no payment plan

So i guess in 4 months I'll be 2 nasty companies down 2 to go!

Can you not pay off PDUK and Mr Lender in full this month? That way you have 2 loans down, and repayment plans for the other 2?

xgingerx

Hi, i have had payment plans set up with both with no issues and set up over phone.

Mr Lender owed £200 agreed £20/Month
Payday UK - Owed £600 and paid back £78/month

as long as your honest with them they will be fine.

xgingerx

to add the biggest problematic one was Payday Express, absolute nightmare but again did manage an arrangement, but took a lot of time agreeing