I'm a newbie here and also a foreigner.
My knowledge of dealing with debt in UK is limited.
My mother became terminally ill in 2010 and died shortly after.
During her sickness I had to travel to the country my mother lived in and pay significant medical bills.
I used all my credit cards to the limit and started to apply to payday loans.
At the moment I have bad credit history and rely on payday loans to pay my day-to-day expenses.
Even my salary is pretty good every month I struggle.
As the situation is very unpleasant I became a shopaholic as well and instead of reducing my loans spent money on unnecessary goods.
I think I had long enough buried my head in the sand and want to finish this debt spiral.
My current credit cards are having very small limits £500-1000 and close to the limits but don't have any arrears,
I have two overdrafts for £1500 with HSBC and 2370 incl. 250 emergency borrowing with Barclays and used to the limit just a days after payday as as my earning go to pay short-term loans.
I had a loan from my son to repay payday loans but it wasn't enough at the time and after few month I ended up having several payday loans again.
At the moment I have
myjar -£1700 with an interest,
2 loans from Satsuma - £1100 each plus interest, one is half-way through, another just taken last month,
Ferratum - £540,
unclebuck - £450 plus interest,
wagedayadvance -£930 due tomorrow,
quickquid - £850 plus interest.
4 payday loans are due tomorrow with the total amount of the repayment of £2000.
I can't pay them as I don't have enough money on my account.
I tried to cancel CPAs but HSBC refused to do so.
They cancelled my debit card instead.
I wrote to all of my payday lenders.
Only unclebuck came back so far with the request to discuss my budget on the phone.
I refused to talk on phone.
Also two credit cards from my past are sold to DCAs.
After reading this forum I realised that I'm paying PRA Group and 1st credit without any reason as they probably are unenforceable as they are defaulted many years ago.
And even I pay 1st credit every month they post a default on my credit card.
I plan to set up repayment plans with each payday loan company and may be send them letter about irresponsible lending.
What are my first steps?
Thanks in advance,