Stupid lad with payday loan problems

Stuck_22_year_old..

Hi, I was wondering if someone could help me out of the mess that I'm currently in! I got a payday loan a few weeks back to help out with some bills etc and i thought it would have been simple enough to pay it back.. Turns out it wasn't, i lost my job so had no way of payin it back so therefore got another payday loan with another company to help pay it off which i did.. But not thinkin of the long term of how the hell was i gonna pay it back i just went ahead and done it.. When that loan needed paid i still had no word on a job so i had to extended it but to pay the intreset back so that i could get an extension i had to get another payday loan with someone else. And now im stuck with 2 pay day loans that need paying this week with no way of paying it.

Any body got any tips on what to do? Im really worried on what will happen.

Would appreciate any help!!

Fishingtime

Get a payday loan to cover it

jacques_chirac

Clear the loans any way you can - sell something on ebay?

Curr946

speak to your local CAB office. Advise lender you cant pay and see about making lower repayments over a longer term. Ask to freeze interest. By law they must try to come to an agreement.

DCFC79

Stuck_22_year_old.. wrote: »

Hi, I was wondering if someone could help me out of the mess that I'm currently in! I got a payday loan a few weeks back to help out with some bills etc and i thought it would have been simple enough to pay it back.. Turns out it wasn't, i lost my job so had no way of payin it back so therefore got another payday loan with another company to help pay it off which i did.. But not thinkin of the long term of how the hell was i gonna pay it back i just went ahead and done it.. When that loan needed paid i still had no word on a job so i had to extended it but to pay the intreset back so that i could get an extension i had to get another payday loan with someone else. And now im stuck with 2 pay day loans that need paying this week with no way of paying it.

Any body got any tips on what to do? Im really worried on what will happen.

Would appreciate any help!!

Yeh tell them you cant pay and agree on a payment plan.
Cut yor spending

Apples2

Where you working when you took your first loan?
Didn't you get any severance pay when you lost your job?

If you aren't earning an income, you aren't entitled to mobile phone contracts, cars or anything else which needs paying for.
Cut the outgoings, this debt you are piling up will get larger and larger until you do something about it.

Who are the loans with?
Some respond better than others but they are all well used to people saying they have jobs in the application but in reality don't work a single hour a day.

There must be a link between taking a payday loan and mysteriously becoming unemployed just before payment day. It's even worse as there is never any redundancy pay....... Truly weird.

redmike123

Write to the Newspapers, either blaming someone else, or blaming the Payday company for lending you the money, either way, make sure they report its not your fault.

closed

are windups starting to outnumber reality

zaax

get a credit card and pay it off with that

Stuck_22_year_old..

Fishingtime wrote: »

Get a payday loan to cover it

i dont' really want to get another payday loan out .. but to be honest it seems like the only solution

DCFC79

Stuck_22_year_old.. wrote: »

i dont' really want to get another payday loan out .. but to be honest it seems like the only solution

Well there are other options like what I suggested.

Just means living frugally for a while.