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recluse77

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Everything posted by recluse77

  1. Good Afternoon, At the end of my tether now with worry, I only early around £1000 a month, and to pay off all my payday loans this month it would cost me £3500 approximately. I also have normal outgoings of around £800.00, leaving me with £200.00 a month to play with, with the payday loans. I am concidering getting a consolidation loan of around £13,000 to pay off all my debt, including all the payday loans, car finance and everything else, but I have a poor credit rating so I cannot go to the banks, although I heard in some cases, decisions of a loan with banks can be appealed. Are there any other solutions? I don't really want to enter a DMP as I feel a loan would be the best option and it would leave me without defaults (I have been working for over 5 years and I am safe in my job). Any advise is welcome, I have 9 payday loan debts, with Wonga, Payday Express, Lending Stream, MiniCredit, WageDayAdvance, 1 Month Loan, 247 Moneybox, Txt Loan and Mr. Lender. Thanks
  2. Good Morning, I opened an account with Natwest back in June 2009, and they offered me an Advantage Gold account, with a £1300.00 limit credit card (mastercard), and a £500.00 overdraft. Over the past 18 months, I have maxed out the credit card, and had the limit reduced to £1170.00. I have never missed a payment, but usually only make the minimum amount, and each month I am hit with an overlimit fee, and 2x lots of interest amounts. Each month, after being hit with the interest and an overlimit fee of £12.00, I get taken back over my limit, and when I make a payment the following month, it barely touches the sides. When they gave me the credit card, I was barely given any information, and it feels like I am going to be in this situation for a while, as other commitments mean I cannot pay high amounts each month. With regards to my overdraft, I am on a £50.00 per month plan, which will reduce it to zero eventually, so that is fine. Can anyone give me any advice as to what to do about the credit card? Do they offer such plans like the overdraft? Can anyone explain why I keep being given overlimit fees when my account is clearly within its limit after ive made a payment? Thanks
  3. Hi all, I've posted previously but lost track of my thread. I have £3200 of debt with 8 different payday loans, my pay for this month is just short of £700.00 which is a massive drop from normal, and it is looking likely that my salary wont increase again until January 31st. My outgoings leave me with £400.00 to pay with without paying any of the below. My loans are with Wonga (biggest loan £1*00), Payday Express (£500.00), Minicredit (£415), Lending Stream (£279 & £123), 1MonthLoan (£156), 247 Moneybox (£150) Wagedayadvance (£137.50). Obviously, there is no chance in hell I can pay these back, I can't get a personal loan to cover them, and I can't borrow off any family due to various reasons. I really am coming to the end of my tether with this, and I've been in this situation for over 18 months where I just keep re-loaning or paying off interest. God knows how much I've spent on interest. What steps should I follow from here? I know it's a massive mess, but any advice is welcome. Thanks
  4. Hi all, I have finally decided that the re-loaning situation is no longer helping me, and regardless of the consequences that will follow, I am going to put a stop to it. It is not fair on my family or girlfriend anymore. Although they aren't aware, they can tell i'm going through problems with money and it needs to come to an end. I have 6 loans out, totalling up to £3000.00. Concidering I get paid around £1000 a month, this is now a major problem. The loans are as follows - Wonga £1500 (biggest issue - they must have made over £2000 in interest alone from me) PaydayExpress £500 (big issue) MiniCredit £400 (big issue too) 247 Moneybox £150 - will clear on next payday 1 Month Loan £156 - will clear on next payday WageDay Advance £137.50 - will pay interest alone this payday, then pay the full amount next payday This ultimately means I will have to default on the Wonga & Payday Express Loans. What are the next steps I should take? Obviously, due to me paying some loans off and have other things to pay this time around, I won't be able to make any token payments (unless they are around £50.00 each company) so I am afraid of them adding unlimited charges to the current debts. Any advice would be welcome - I just want to pay these off in a way that is comfortable for me. If anyone has any other 'tactics' i could look into to, please let me know! Looking forward to your replies Thanks
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