I'M in desperate need of help

neerdowell

Hello,

I only joined MSE today in the hope that someone can help me with my debt.

Long story short going through depression I managed to rack up alot of debt through gambling, I know it was a stupid thing to do looking back, and i have potentially ruined my life.

It started with losing my wages and getting a few payday loans, those turned into using my savings, then asking my bank for a personal loan.

Now I am back on the straight and narrow with my life with the right medication i'm left with no money and no way of getting out.

Total debt, including the savings account i used is a little over £15,000

I am full time employed with a decent wage but right now i cant even make it till Tuesday 19th May money wise.

I live with my parents and have no assets at all.

Help would be greatly appreciated!

Thanks

David301

Good that you have come here but you need to be a bit more specific with your post.

What do you need help with exactly?

neerdowell

Getting out of debt and these creditors chasing me.

[Deleted User]

Could you not ask work for an advance or sub?

Do you need to do something by Tuesday? it will be here soon enough


When you are chased say "you can't have what I haven't got!"


What do your bank say?

David301

ok, blood and stone spring to mind!

Who do you owe money to?
how much do you owe?
What % interest is on the debts?
How much do you earn?
How much do you have to pay on a regular basis for rent and bills?

neerdowell

okay my apologies,

£9,000 bank personal loan monthly repayments of £232 over 5 years

4 pay day loans,

1 with 4 monthly payments of £132
2 with one lump sum of £520 at the end of the month
1 with 4 monthly payments of £112

a savings account i need to put £4,000 back in.

i take home £1300 a month

Outgoings are roughly £700 a month

Sounds stupid i know because I know anyone can live off the remaining £600 a month. Obviously with whats happened I'm stuck in a rut with it all.

neerdowell

by tuesday i will have no remaining money to get to and from work to earn my money.

[Deleted User]

Honestly book leave, or call in sick

David301

ok thank you

Your lost personal savings are not a priority debt, not really a debt, savings get built up over time and you will have them again.

£232
£132
£520
£112

---

£996

When do you get paid?

neerdowell

the last friday of every month

[Deleted User]

Other thoughts

Speak to your parents - they may help you with this mess

Personally now I'd let the payday lenders chase me...
Bad again I know but you're the sort of customer they relish I fear, can you think of it as saving a job and in time well see if you have a claim against if you can bear it

If I could have my time again, I wouldn't have been so afraid in wanting to pay on time, it trashed me whether I did or didn't pay
so
Don't do anything silly x