Payday loans- repayment plans

Katiesn

Hello all, I’m very new to this but have read lots of peoples posts and can’t really find the answers I’m looking for.

Basically in the past 3 months I’ve had some financial difficulty and taken out several pay day loans (yes I know how stupid this was now), basically the employer I worked for didn’t pay me for August or septemeber as they were having financial difficulties (I no longer work for them) and they still owe me £3300, which I am having to go to an employment tribunal for- but it’s not until
April. I have now come to the realisation that I have taken out so many loans that I’m not going to be able to afford the payments this Month.

When I finally get the money owed to me- I’ll be able to pay most of the loans- but I don’t think that’s going to happen any time soon) Should I let a couple of the loans default this month? And then try to set up a payment plan? Or should I speak to them about being unable to pay before they default? As I still have until the end of the month until the payments are going to come out.
I’m currently living with my brother and I know when I default on the loans I’ll get a load of letters- and this is what I really want to try and avoid because if he finds out about my stupidity- it’ll cause a lot of problems for me!

I was just wondering how difficult people found it to set up payment plans? I’m worried the lenders may take me to court- or is this last resort? Sorry for all the questions, I’m having a real panic about it this month, and it’s starting to make me ill!
These are the lenders I was hoping to be able to set a payment plan with-
Sunny, wizz cash and quick quid -has anyone had any dealings with these companies?
Sorry for the long post- thanks for any help!

sourcrates

Payday lenders, because of the nature of the product they sell, expect you to default.

They are amongst the easiest group of lenders with whom to set up payment plans.

Some even have that option available on there websites when you can’t pay.

Talk to them, if you can’t afford the current repayments, cancel the cards you used, and the CPA’s, then make arrangements with them, they will agree to almost anything once payment is a few months late.