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cash for cheques - debt mounting


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Hello, I'm quite new to the forum so any advice is much appreciated.

 

I have some payday loans with companies like money shop, cash converters and Harvey and thompson. I have been rolling over these cqs for past few months but due to change in circumctances I cannot afford to do this any longer. This month I cant even pay the interest.

The chequres are being presented over the next few days and I dont think my bank will pay them due to insufficient funds.

I hav a letter to deliver to these shops in the near future asking for 28 days no interest or charges whilst i try and put a repayment plan together.

Please could anyone throw some tips or advice my way as to what might happen and also best way to handle?

 

Thanks

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