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Pay day loan cycle. Don't know what to do
Perspective52
Posts: 35 Forumite
Hi all,
I'm not too sure how to start but I'll just write. I'm on a DMP with step change. Have been for three years. I have since got back into Payday loan hell. I have 3 pay day loans, that I repay then have to borrow again.
I got myself into this mess and take full responsibility for my mess but I don't know what to do. My mental health is now suffering, I don't want to tell my partner plus he can't help me financially. Don't know what to do..
I'm not too sure how to start but I'll just write. I'm on a DMP with step change. Have been for three years. I have since got back into Payday loan hell. I have 3 pay day loans, that I repay then have to borrow again.
I got myself into this mess and take full responsibility for my mess but I don't know what to do. My mental health is now suffering, I don't want to tell my partner plus he can't help me financially. Don't know what to do..
Learning to start again in every aspect one step at a time..
:j
:j
0
Comments
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Hi,
Don't pay them, at least not straight away, cancel the CPA with your bank, report your debt card lost, get a new card, with a new number, that your creditors don't have (so they can't empty your account) tell them you can't pay, best by letter, then offer to pay them each £1 a week until there paid off, then never ever get any more !!
Simple solution !!!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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