Hi I could do with some advice please.
Posted: Sun Jul 03, 2022 4:12 pm
Natwest
16500 loan (3 months ) 435pm
1500 overdraft (5 years) minimum payment.
3000 loans 2 go (6 months ) 237pm
400 lending stream (1 month) 155pm
390 lending stream (1 month) 155pm
400 cashfloat ( 2 months) 155pm
500 moneyboat ( 1 week) 155pm
1200 credit card 118118 min payment
1200 credit card vanquis bank min payment
1000 credit card wave min payment
900 credit card marbles min payment
2000 shop direct catalogue min payment.
Hi all first post here above is my total debts I have acquired over the last year. When its added up I have zero left to live on and I have to borrow more to pay bills like shopping,council tax and electric plus others.
Im not sure a iva is the best option for me because I dont have any rent to pay I live in my parents other house and I disclosed to natwest I dont pay rent.
I have no problem paying back what I owe because I borrowed it but the repayments are staggering and I literally work to pay them in the short term the pay day loans would be completed by Christmas so I would be better off by then!
Would i be better off arguing that the pay day loans should not have been issued?
Same with the loans 2 go i have read that they will give you interest back.
I know I can contact natwest and ask for a repayment break.
Or can anyone suggest another way out of this mess?
Like I said iva wise I dont pay rent so just basic bills,car insurance, car repairs, mobile phone contracts for me and my 2 children 1 dependant 1 not child maintenance. Im not too sure what I can claim for under a iva if I went that way.
Tbh in 2 years if I didnt borrow again all the small loans would be payed off and it would just leave natwest, catalogue and credit cards to sort.
Is it worth trying to argue with these companies to get interest knocked off or just go for a iva? Either way I would like to keep the kids contracts on the go is that possible? Any advice is greatly appreciated
16500 loan (3 months ) 435pm
1500 overdraft (5 years) minimum payment.
3000 loans 2 go (6 months ) 237pm
400 lending stream (1 month) 155pm
390 lending stream (1 month) 155pm
400 cashfloat ( 2 months) 155pm
500 moneyboat ( 1 week) 155pm
1200 credit card 118118 min payment
1200 credit card vanquis bank min payment
1000 credit card wave min payment
900 credit card marbles min payment
2000 shop direct catalogue min payment.
Hi all first post here above is my total debts I have acquired over the last year. When its added up I have zero left to live on and I have to borrow more to pay bills like shopping,council tax and electric plus others.
Im not sure a iva is the best option for me because I dont have any rent to pay I live in my parents other house and I disclosed to natwest I dont pay rent.
I have no problem paying back what I owe because I borrowed it but the repayments are staggering and I literally work to pay them in the short term the pay day loans would be completed by Christmas so I would be better off by then!
Would i be better off arguing that the pay day loans should not have been issued?
Same with the loans 2 go i have read that they will give you interest back.
I know I can contact natwest and ask for a repayment break.
Or can anyone suggest another way out of this mess?
Like I said iva wise I dont pay rent so just basic bills,car insurance, car repairs, mobile phone contracts for me and my 2 children 1 dependant 1 not child maintenance. Im not too sure what I can claim for under a iva if I went that way.
Tbh in 2 years if I didnt borrow again all the small loans would be payed off and it would just leave natwest, catalogue and credit cards to sort.
Is it worth trying to argue with these companies to get interest knocked off or just go for a iva? Either way I would like to keep the kids contracts on the go is that possible? Any advice is greatly appreciated