after some advise

dcy_2

hi, i recently took a loan with abbey of £5000 over 3years, with a total of £6695 to pay back. I have payment protection also. My mothly payments are £213 a month. But due to my current job going pear shape so to speak, im starting to struggle with repayments. I was wondering if there was an simple way of reducing these payments by maybe getting smaller loans, credit card etc. Im not to clued up on how these things work, so any advise would be greatly appreciated.

Thanks. Dan

CLAPTON

What does going pear shaped mean?
if it means redundancy will the Payment Protection help you?

dcy_2

basically when i started the job there was plenty of work on, and over time was the norm. I would normally do 4 hours a day over time and this would cover my payments with ease. But due to the company earning enough money they have now brought new, faster machinery it has completely eliminated all the over time, and my earnings have dropped. I still have a job there, and there is no talk of them letting anyone go, but its just the lack of over time that has hit me hard.