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Serious debt problem after payday loans given to 17 yr old

13claire · 2014-04-11 15:38:41

Before he met me my boyfriend was going through a tough time and took out multiple payday and logbook loans. for the past 2 years he's been trying to pay them off but he's been struggling with most months the repayments taking almost all his monthly incomes. The past 3 months he's been signed off work due to depression and…

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somethingcorporate Posts: 9,449 Forumite

15 April 2014 at 12:00PM

appleblossum wrote: »

It might affect his credit file short-term as if they freeze interest they may register repayments as an arrangement.

Six years most likely!

Thinking critically since 1996....
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Serious debt problem after payday loans given to 17 yr old

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