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Hello

 

This is my first post, so please bear with me.

 

As you will have established from the title,

I have been stupid recently and have taken out credit via a mail order catalogue and four payday/short term loans.

 

I have always had a volatile relationship with money,

which I think has stemmed from my chaotic upbringing

(my father got himself into a lot of debt and I was sent out to work from the age of 12 and up until I was 27, I was paying him to help him out each week.

The time this ended was when he died

(hence it ceasing when I was in my late twenties).

 

The above isn't my way of evading responsibility as I am old enough to know better - I just wanted to offer an overview.

 

Just before my father passed away,

I also suffered a miscarriage and thought I had experienced another shortly after he died

, but I was lucky enough to give birth to my first child that year.

 

If you are still reading this, thank you.

 

Even writing this is making me cry and I genuinely don't feel I have properly grieved since the losses (my Dad and two babies) and believe this has probably contributed to why I spend on credit and buy things I simply can't afford.

 

For a short time it makes me feel better.

I have previously been diagnosed with depression,

but thought I had overcome this.

I now think I have just masked it with the borrowing!

 

I am currently paying StepChange a monthly payment towards older debt

, but have racked up mail order debt of £1750

and also owe the following:

 

MyJar - £800

Satsuma - £1000

Wageday Advance - £150

QuickQuid - £400

 

I have previously borrowed from the top two and paid them off in full,

but this was only possible by borrowing from one to pay the other,

but it gave me more credit at the next time of applying.

 

The first payments for these new loans are due at the end of April and I know I cannot pay them.

 

I am losing sleep and feel poorly with worrying about what to do or say to these companies.

 

None of them asked me if I was on a DMP,

but I know it is my fault.

 

I am working full time and have a partner,

who doesn't know the extent of my debt,

but he has his own issues (addiction).

 

We have three children and I look at them and feel so crap for letting them all down.

 

Please can anyone offer any advice? I am sorry for rambling on.

 

X

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Not rambling and you've got no one to say sorry too IMHO

 

Irresponsible lending comes to mind here?


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Hello

 

Thank you for your prompt response, I really appreciate it. I pondered the irresponsible lending route, but didn't think it would stick, as I applied for two of the loans around the same time, so the outgpings figure I used didn't include either of the monthly credit commitment I had with either (if that makes sense?).

 

Thanks again

 

Do you know if they can contact my employer as this causes me concern due to my role?

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Welcome to CAG Abbieno...

 

Have a quick read of the CAG Reclaim guide in my signature.

Also tell me me more info avout where you currently are with loans and your DMP etc.

 

DMPs are informal etc and also you shouldnt be worried about this affecting your job etc.

We can work with this.

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Hello

 

Thank you for taking the time to reply.

 

My DMP has been running for a couple of years with around £14k outstanding to various lenders (mainly credit cards and mail order) I am paying £100 pcm.

 

The ones not included in the dmp are those outlined in my initial post, of which my first payment is due at the end of April.

 

MyJar - they expect six monthly payments of £230 from 28 April

Satsuma - they expect £160 for twelve months from 26 May

SafetyNet - £250 due on 28 April (I forgot to include this in my first post)

Wageday Advance - two smallish payments due of around £60 from 28 April then about £130 in June

QuickQuid - £60 due end of April, £80ish end of May then £506 end of June

JD Williams mail order - currently pay minimum of approx £90 per month

 

Thanks again - I will look through the guide, but am worried they will think I deliberately misled them regarding affordability.

 

Cheers

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sent anyone a CCA request if these debts are old and being paid to DCA's?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi

 

Thank you for replying - no I have never sent a CCA request to my creditors - what is the purpose of this? I presume to check the balances are correct and I have actually agreed to the credit - is that correct?

Sorry if I am being dumb, my head is all over the place at the moment.

 

Thanks again all

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think you need to list ALL your debts.

 

 

who was the original creditor

when did you take the credit out

what type of credit is it

who you pay now

how much is owing

how much you pay


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi I can send a screenshot of my DMP, but will send via PM if that's ok, as it has ref numbers on etc

 

Thank u so much for your help

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Some of those debts could be unenforceable, so do as the guys suggest.


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follow the upload guide clickme and do it to ONE multipage PDF please


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi

 

Thank you again - I think this should now be attached and has been saved in a PDF format

 

The StepChange payment is currently set at £100 per month

 

Some of those debts could be unenforceable, so do as the guys suggest.

Creditor info PDF.pdf

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gotta admit I'm tempted to say stop paying everyone as it looks


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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gotta admit I'm tempted to say stop paying everyone as it looks

 

Good evening

 

I am really grateful to you for taking the time out today to read my posts, thank you!

 

Please can you expand on your last post when you are next around?

 

Many thanks

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can you wack some dates of takeout of all these accounts

 

 

how did ACT get their claws in you 99% of their school/college fees claims are DUFF.

 

 

whats drafty?

and

indigo Michael??


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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IM are SafetyNet Credit.

Drafty appear to be similar to 118 loans run by **DRUMROLL PLZ** - LENDING STREAM!

 

FWIW i can probably help with IRR Lending for the PDL firms. That you dont need to worry about but your current debts need dealing with. DX is very good with helping on those :)

I would suggest making a seperate thread in the PDL forum and we can go from there :)

 

Finally i would pop here - http://www.consumeractiongroup.co.uk/forum/showthread.php?476751-Free-Credit-Reports-For-Life-You-Say-(6-Viewing)-nbsp

Might be of some use. See what all the CRAs say,

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can you wack some dates of takeout of all these accounts

 

how did ACT get their claws in you 99% of their school/college fees claims are DUFF.

 

whats drafty?

and

indigo Michael??

 

Hello

 

Thanks again for ypur ongoing support - the majority of the debts on the DMP were taken out between 2012 - 2015. Will get some exact dates together of you think it might help?

 

Thank you again

 

IM are SafetyNet Credit.

Drafty appear to be similar to 118 loans run by **DRUMROLL PLZ** - LENDING STREAM!

 

FWIW i can probably help with IRR Lending for the PDL firms. That you dont need to worry about but your current debts need dealing with. DX is very good with helping on those :)

I would suggest making a seperate thread in the PDL forum and we can go from there :)

 

Awesome, thank you so much! Do u want me to just copy my initial post to the PDL forum?

 

Sorry if that's a dumb question!

 

Thanks so much

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Its fine - In regards to both of the above posts. Dates are important for both elements so yes! Deffo!

If you go over to the PDL forum and create a post with all PDL elements so we can seperate them out - DX will help with the debts that arent PDL etc

 

But as im returning to work this week (like your good self) Replies wont be until in the evening etc

But before we do this, you need to be sure that you are in a better place then you were at the top of the thread otherwise the hard work will be for nothing.

 

In the guide about IRR Lending; I put a bit about your mindset etc. Its need to be ready and you need to be on the ball with it. This will be it, if you get yourself into this situation again then itll be harder to get out off... (Not being harsh -= Just want to make sure you are ready :p)

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Hi,

 

Thank you - I will dig out all of the start dates from my credit reports tomorrow and post them on here - will also repost some info on the PDL forum - thanks again and I hope work isn't too painful for you tomorrow!

 

All the best

 

X

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can you wack some dates of takeout of all these accounts

 

 

how did ACT get their claws in you 99% of their school/college fees claims are DUFF.

 

 

whats drafty?

and

indigo Michael??

 

Good morning

 

I think I have managed to attach my updated creditor info, showing as many account opening dates as I have been able to see on my credit reports - I hope this helps and thank you again for your support thus far.

 

x

Updated creditors list.pdf

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You have Vodafone listed twice - once as being collected by Lowell @ £920.47 and the other listed as Vodafone @ £128.48 ??


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