sick of it all and struggling to cope

[jess22]

Despite my previous threads im still stuck in the payday loan trap,i just cannot deal with it,i was going to default in novembver with payday express and payday uk but didnt have the bottle,im a weak and stupid individual,i stupidly set up an arrangement with red casatle collections for a wonga account at £91 for next 6 months,i paid last month but cacelled direct debit as couldnt afford this month, today they have phoned me asking me to call them so still at square one,on top of this im 4 months arrears with capital one they phone every day but i dont speak to them,i filled in i&e and made an arrangement for £50 but they havnt accepted it and not heard from them aart from the calls,im totally at my wits end the pressure is getting too too much and im not looking forward to 2010.

I was frightened of defaulting with pduk and pdexpress in case tey start phoning me at work,i would be in so much trouble if they did this a we cannot have phone calls at work,they can ring my mobile as much as they want,i dont have to answer that and pretty sure they dont have my home number,im so sorry for being a nuicance,i cannot sleep and suffering from awful panic attacks ive had these loans for 2 years niow,they ve had enough money out of me but not brave enough to deal with it,thanks all for listening,just wanted to get it off my chest xx

[postggj]

petal19

 

ime going to be blunt

 

SNAP OUT OF IT

 

once i had eight payday loans on the go, i was in your position and i got out of it by not taking no for an answer

 

 

send each one of your creditors this by recorded delivery

 

http://www.consumerforums.com/resources/templates-library/52-harassment/135--harassment-by-telephone-response-letter-

 

 

i want you to sit down and work out an income and expenditure sheet

 

things like cap 1, pay the minimum amount if you can

talk to cap 1, you dont want a default, agree a repayment ,say an extr 20 quid a month ontop of your minimum payment

 

pay day loans can wait

 

say your disposable income is 100 per month

 

offer 50 % between the lot of them

 

that will be 10 quid times 5 payday companies per month

get the idea

 

i want you to list all your creditors, do it now, and ill do a template for you to send to each one of them

 

lets get your life back on track

 

chin up

 

do this and its the begining of the end

 

if i did it

 

so can you

[JMW69]

hi there

please stop panicking and get strong. work out all your incomings and outgoings without including debts. then work out an affordable amount to pay each one. send them your plans and offer them what you can afford. alternatively get a debt management plan - ive done both. still struggling with wonga and qq to agree to a plan - worried like you/

BUT payday express were fine with plan after getting my income and expenditure- 600 at 50 per month and payday uk ;)passed to keyes whitlock who were ok and took 70 a month for 620 debt.

try not to worry -some are ok and you need to judge who to email and who to phone. we can get through just bite the bullet- change you account and pick them off one by one.

[ray singh]

well done postgg, i was gonna do the same thing, get her to set up a hotmail email, send of the letters and deal with it for her, its scary at first but once youve done one the process becomes easier,

[jess22]

Thankyou,im listing all my creditors,ive got arrangemen ts set up with some so here goes:

natwest-passed to apex who have agreed to £100 balance owed £32000

welcome finance-agreed to £56 balance owed £9000

barclaycard-agreed to £10 balance owed £850

monument-agreed to £10 balance owed £1900

capital one-offered £50,they havent accepted balance owed 1900 now with all the charges

chantry speedloan owe £1600 despite already paid £1250 for a £900 loan,they also wont come to arrangement just keep phoning

payday uk-£320+monthly interest of £80

payday express-£280+ monthly interest of £70

wonga-passed to red castle recoveries they state i owe £1600 despite paying back over some time around £600,original loan was £750

 

So there it is,not good i know,i earn at the moment £700,i was ill and had to drop hours at work,thanks again,hope it all makes sense xx

[postggj]

Welcome Finance Is My Area

 

To Start With Tell Me

IS This A Loan Secured/unsecured

Car Hp

Do You Still Have Your Agreement

 

 

 

Is The 700 Quid Take Home

Do You Get Any Benefits

[ray singh]

are any of the payday loans in default yet?, have the gone to dca's?

[ray singh]

sorry post ill leave it with you... u are GOD as far as im concerned!

[JMW69]

you guys are good. can i hijack and ask advive about wonga and qq?

[postggj]

Jump In If Brief

 

It All Helps In The End

[jess22]

welcome finance was an unsecured loan,not sure if i still have the agreement,the only payday loan ive defaulted on is wonga which was passed to red castle and my £700 is my only money,i dont get benefits as i dont live on my own xx

[postggj]

This Is What I Now Want You To Do

 

Do It Weekly THEN TIMES BY FOUR

 

List Cost Of Shopping

Utility Bills

Rent

Council Tax

 

Then Come Back With A Figure On Whats Left

[ray singh]

sorry to jump in again post

 

you need to "ringfence" your wages from these guys, preferably set up new bank account for your wages.

cancell d/d to stop charges from your bank for non payment

Lose debit card

 

3 important steps IMO

[JMW69]

set up repayment with wonga 51 per month via standing order after making a40 payment this way=owed600 stopped interest and set plan up on website they say not received payment in dec and now defaulted back to full amount plus interest- bank stmt shows money sent- have emailed this info- have you heard of them pulling plug before?

qq-set up 3 payments via paypal- can,t pay this month but they won't do anything till payment plan failed which would be end feb- will try to pay ja and feb - any idea if they will send to dca before then-worried about mackenzie hall. cheers

Edited December 30, 2009 by JMW69
confusing thread

[ray singh]

best to start a new thread JMW, gets messy otherwise

[jess22]

£414 left x

[postggj]

So Shall We Agree 300 Quid A Month To Play With

 

Jump In People

[mkb]

Certainly no more than £300 & would suggest that all monies are paid to creditors on a monthly rather than 4-weekly basis.

 

Are you certain that you have £414 left each month on an income of £700? Have you included ALL expenditure other than these debts ie. insurances, TV licence, etc

[postggj]

Thanks Mkb

 

Include Tv Licence And Insurance As Sugested

[jess22]

no didnt include insurances or car and travel for work,im not very good with this,i just cannot think straight,im sorry everyones being so helpful.

Big deep breath,car travel and insurances come to £103,cant think of anything else

[mkb]

You might find this useful to ensure you have covered everything.

 

National Debtline England & Wales | Personal Budget Sheet

 

Only when you have covered everything else can you then decide how much you can afford to be paying towards the debts. BTW - you are allowed a nominal amount towards haircuts, holidays etc no matter what creditors believe!!

 

You may be in debt but you don't need to give them your self-respect as well as your money.

Edited December 30, 2009 by mkb

[postggj]

Run That Budget Planer And Get Back To Us Later

[jess22]

will do thankyou all xx

[cynic09]

no didnt include insurances or car and travel for work,im not very good with this,i just cannot think straight,im sorry everyones being so helpful.

Big deep breath,car travel and insurances come to £103,cant think of anything else

Remember holidays, clothing and lunch while at work

[jess22]

gone through budget planner total now £477 that includes all household bills etc,if i add on the debts already arranged that totals £653 but only £47 left for all payday laons and capital one,no w9onder ive got in this mess,what do i do now?