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need help regarding my payday loan

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I was wondering if anyone could help me or give me some advice.


I am going to default on 2 payday loans at the end of the month, as i haven't got the money to pay them. I have to pay my bills and living expenses and wont have any money left to pay the payday loan companies back.


I owe £500 to Payday Express and £500 to Tooth Fairy Finance.


I have accepted I cannot pay them, and nobody can help me pay them back i.e family & friends.


I am resigned to facing the consequences.


Can someone give me advice on the following?


How will the Payday Loans pursue me?

Will they get bailiffs to come to my house?

Will they take me to Court?

Should I get ready to contact a free charity debt consolidation company to help take the stress away? I understand they will deal with the companies for me?


I know i need to pay all my important outgoings first i.e rent. I can afford to pay them a lower monthly re-payment each month, but i am guessing they won't entertain this quite so easily.



I need some advice on what will happen and what to expect? Some guidance would be useful. Need Guidance. Trying to get prepared. This is unknown territory especially on the payday loans.



Any help and advice would be appreciated?

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Hello rogerdanial2345, welcome to the CAG.


Enjoy your visit, but take some time to look around the forum and understand where everything is.



It can seem confusing at first but you will start to find your way round and to understand what a helpful community we are.


You haven't received any replies to your post yet. Try posting your query again in a relevant sub-foum. You will get the help and support you need there.

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Thread moved to Payday loans forum.



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I was wondering if anyone could help me or give me some advice.





Have a good look at other threads in these Forum's regarding both companies..................


http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?336-Payday-Express-Wage-advance-Cashtillpayday (Payday Express)




Should give you some idea of what to expect.


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