Advice on everyday loans.

Lewwwiss

Hi all my first post here.

I've recently lost my job and I have a few debts I had under control. The main ones are
A payday loan with a balance of 300.
A car on finance at 245 per month
And everyday loans original loan amount of 3000 but including all interest nearly 7!!!
I needed quick money as my car went bang and it's on finance and my credit isn't great so they were the cheapest.
Now I've only been paying the everyday loans for 3 months so not long at all. I've rang up all my other creditors and said about my situation and they've placed me on a temporary payment plan of 3 months then they will call me and ask if my finance situation as changed. Except the car finance that is staying the same as that is needed for my little girl and my mrs.

I'm yet to call everyday loans as all I will be able to afford after everything is about 20 pounds per month. At this point I'd rather just default and they just sell the debt to lowell and pay them at a more reasonable rate. I've heard everyday aren't great when it comes to anything but pay the full amount. Will everyday just take me straight to court themselves or will it get sent to a debt collector and I can set up a payment plan with them?

Thanks.

DCFC79

Get looking for work, its not ideal but consider seasonal work. Reduce your other spending. Does your Mrs not work ?

Its possible the dent will be sold to Lowell, maybe not straight away.

Lewwwiss

If it does get to that though will everyday loans personally pursue me through courts or does it always go to a debt collectors then if you ignore them they go to the court?

Lewwwiss

I am on the lookout for another job but my mrs hasn't worked because my little one is not that old and my job earned enough to keep us all afloat

Janner89

Lewwwiss wrote: »

If it does get to that though will everyday loans personally pursue me through courts or does it always go to a debt collectors then if you ignore them they go to the court?

As a rule it does go to a debt collector but there's no guarantees I guess. The best thing to do is ring them and explain the situation. They shouldn't ignore if you're in financial hardship. In hindsight with my debt issues, I feel it would have been better to deal with companies at the earliest opportunities to keep them up to date.