Paypal Debt

newlifejan20

Hi all. Before i start, please do not judge me and I'd no choice. I've already default with 4 credit card and paying token money. For now they are ok. The problem is now I've created some debt with paypal sent money. What i did is i sent to my wife using direct debit and withdraw from her account. Then i sent from her PayPal account to mine and withdraw to pay previous direct debit. That's how i get 3 days as direct debit goes after 3 days of each payment. But now it's getting bigger. Around £1500 and it's more then my salary atm. To be honest, I've used that money to pay essential for family things. Now i don't see anyway to get out from this loop. If you could advice me on this, i would really highly appreciated. Thanks.

sourcrates

Hi,
So your spending more than you have coming in, is that correct ?
You need to stop all this account jiggling, sort your priority debt from your non priority debt, and see how your budget looks.

All unsecured, simple contract lending is non priority, and is paid last of all in these situations.
Your priority debts are your rent or mortgage, council tax, food, utility bills etc etc.

If the money is not there, then stop making non essential payments, you can either further elaborate on your circumstances here, and/or contact a free advice debt agency such as stepchange for advice moving forward.

Do not borrow money, do not attempt to consolidate your debts, a little more in-depth information would help greatly in offering a solution.