Hi folks,

I know it is my own fault that I am in this pickle but I'm hoping for a bit of advice. I started taking out payday loans when my daughter was small and her dad did a bunk. I've actually since got married to a lovely bloke and I am making a decent wage. However, I have managed to get myself up to my eyeballs in debt because initially, the more I borrowed, the more interest I paid, the more I had to borrow to pay the interest, if that makes sense.

I owe:

QuickQuid £282

Payday UK £75

PoundstilPayday £130

The Cheque Centre £950

The Money Shop £750

I could afford to offer each company 10% of the total debt per month if the interest was frozen, except for PoundstilPayday which I could pay off, if I wasn't paying the interest on the others. I have been paying some off paydayuk and p2p but I've basically run out of extensions.

Do you think they would accept this? Is it just a case of phoning them and saying "I can't afford this and here's my offer?"

I am assuming this will muck up my credit file for a while but that isn't such a big problem as I have been very careful not to link mine or my husband's credit files in any way. I would happily take a battered credit file for the next seven years if I finally actually have my wages back. Then I can set about paying off my credit card!