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PayDay loan debt. Advice?


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I'm in a little bit of a mess and I'd appreciate some advice, I know I'm an idiot so there's no need to let me know.

 

I owe around £900 + fees/interest to six PayDay loan companies and the repayments are due at the end of the month.

 

I'm in my early twenties, unemployed and a depressed hermit. (If you can't laugh at yourself.. )

 

Anyway, I lied regarding employment whilst applying for these loans. Thankfully, I only got accepted by six and not the 15+ I applied for.

 

There's literally no chance that I'll be able to repay these loans on time so I'm looking for some advice. What options do I have?

 

I'd ask my parents to help me out (they would) but I just can't. They went through a rough patch a few months ago and everything's great now but asking them for help could possibly send things downhill again.

 

I'm not on benefits (I could probably claim if I wanted to but never will), I do a little online work here and there and make around £100-£200 a month and that's about it.

 

I'd greatly appreciate some advice and will donate generously if I manage to get myself out of this mess.

Edited by clouds1
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our expert will be along tomorrow

 

 

but as it goes

when you took these loans out

regardless to you indesgression over your employment

what was your credit file like?

if you had loads of defaults and late payments etc

and already say had PDL's running or rolled over

 

 

I would suspect you come under the irresponsible lending category, whereby they should not have given the loan out anyway.

 

 

if you type that in our search CAG box up the top on the red toolbar

it will show threads that might give you an insight into that route

and if it might be useful in your case

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Welcome to CAG Clouds...

 

Following the tone of your message you should be asham... Im just kidding of course and Id love to help.

We all go through rough patches and unfortunately we have to deal with the consequences as best we can.

 

If you look indepth at other cases you'll find that a lot of people suffer from 2 elements, they are depression and desperation...

The best way to start s by me asking, have you seen your doctor about feeling how you do? It will help you in the long run not to do this again :)

 

As for your PDL Issues, Right... Lets see...

 

I need to understand the situation before, during and after.

 

- Why did you take them out?

- Who are the lenders who accepted you?

- How bad are the loans at the moment?

- From what period are these loans?

- Do you have statements?

- What does your Current CRA info say about each loan? Check with Callcredit & Noddle.

- If you have to pay an amount split between each company, how much could you afford altogether?

 

We are here to help, but need as much info as pos.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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our expert will be along tomorrow

 

 

but as it goes

when you took these loans out

regardless to you indesgression over your employment

what was your credit file like?

if you had loads of defaults and late payments etc

and already say had PDL's running or rolled over

 

 

I would suspect you come under the irresponsible lending category, whereby they should not have given the loan out anyway.

 

 

if you type that in our search CAG box up the top on the red toolbar

it will show threads that might give you an insight into that route

and if it might be useful in your case

 

 

dx

 

Thanks for the reply!

 

I was going to leave it until next week but I thought I'd post now so I've got a little more time and see what my options are.

 

I'm not sure what my credit file looked like before I took these loans but it's currently around 550. I'll check tomorrow and post detailed info.

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Please do keep us posted.

 

Please also...

 

- Get statements from every lender of EVERY loan youve had and the current balance.

- Let us know what CRAs say in full.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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Welcome to CAG Clouds...

 

Following the tone of your message you should be asham... Im just kidding of course and Id love to help.

We all go through rough patches and unfortunately we have to deal with the consequences as best we can.

 

If you look indepth at other cases you'll find that a lot of people suffer from 2 elements, they are depression and desperation...

The best way to start s by me asking, have you seen your doctor about feeling how you do? It will help you in the long run not to do this again :)

 

As for your PDL Issues, Right... Lets see...

 

 

 

We are here to help, but need as much info as pos.

 

Thanks for your reply! Ha! :-)

 

It's late, I've had a few beers and I'm off to bed now so I'll reply tomorrow with everything.

 

I honestly can't tell you how much I appreciate your help! Thanks again.

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  • 2 weeks later...
Hi Clouds

 

Any update to this...

 

Sorry didn't get back to you. I've had a nightmare couple of weeks with all this, stressed, worried.. just wanted to run away from it all.

 

 

- Why did you take them out?

 

Sports betting.. I've closed all of my betting accounts and will be getting myself some help soon, it's a mug's game and brings nothing but misery.

 

- Who are the lenders who accepted you? Sunny, MyJar, Piggy-Bank, PayDayUK, WagedayAdvance, CashASAP.

 

- How bad are the loans at the moment?

 

A couple are due to be repaid next week and the rest at the end of August and the first week of September.

 

- From what period are these loans?

 

End of last month, start of this month.

 

- Do you have statements?

 

Statements for what?

 

- What does your Current CRA info say about each loan? Check with Callcredit & Noddle.

 

Not sure.

 

- If you have to pay an amount split between each company, how much could you afford altogether?

 

Not sure.

 

Again, many thanks for your help.

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Hi Clouds.. Off to sleep now, will look later tonight...

 

FYI Sign up to Noddle and Clearscore for me and let me know what it says...

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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Hi Clouds.. Off to sleep now, will look later tonight...

 

FYI Sign up to Noddle and Clearscore for me and let me know what it says...

 

I have a Noddle account, what should I be looking for? I don't think there will be anything there as I haven't defaulted or anything.

 

No problem. Thanks.

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Check the Short Term Loan Entry On Noddle

That is supposed to be Real Time Up To Date Info, if they didnt pay attention to all of these.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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But they are showing yes, and the PDL companies didnt take this into account when giving you the credit?

This is what we mean by irresponsible lending.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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