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logbook loan
prudence60
Posts: 6 Forumite
in Loans
My daughter has taken out a log book loan she can't afford. despite talking to them the debt has gone up from £2500 to £4600 in 2 months. She has tried to take an overdose because of the debt and if she loses her car she loses her job. Can someone please advise me.
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Comments
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Can you get a loan to pay off the debt?
Who is the logbook loan with?0 -
Loans 2 go.
I would love to help her out but I can't get a loan for that much0 -
the woman at the office has been really helpful and she tried to freeze everything but her line manager has over-ridden her. because no repayments have been made in the last 6 weeks its shot up to that amount0
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Can she sell the car and use that to partially pay off the loan? Could she use public transport for her job? What's her financial position that she can't make any payments - does she have anything she can cut back on?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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Prudence - get your daughter to contact Stepchange (a debt charity) as soon as possible: http://www.stepchange.org/Debtinformationandadvice/Typesofdebt/Logbookloandebt.aspx
Their advice is free and they can help your daughter to deal with this. They have helped me in the past and are very friendly and reassuring.
Best wishes. x0
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