Mon Oct 15, 2018 1:46 pm
Mon Oct 15, 2018 2:09 pm
Mon Oct 15, 2018 2:21 pm
Mon Oct 15, 2018 2:40 pm
103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Mon Oct 15, 2018 2:53 pm
Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
Mon Oct 15, 2018 3:15 pm
Sneggyblubird wrote:Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
You don't have to pay 300 a month just because they insist.You ring them up and tell them what you can afford.They won't like it but will probably ask you for a list of all your outgoings and income.You should also consider sueing the payday loan and credit card company.Theres alot that can be done without killing yourself trying to make payments on their terms.
Mon Oct 15, 2018 8:28 pm
Mon Oct 15, 2018 9:11 pm
Mon Oct 15, 2018 9:59 pm
Wolfpac wrote:Hi guys, just a quick one, anybody on here a financial adviser or know anybody who is that could help me get a plan together to tackle debt I have ? I’d rather not discuss it via here but I have a payday loan and some credit cards I want to pay off and need some assistance. Thanks
Tue Oct 16, 2018 2:06 am
Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
Tue Oct 16, 2018 7:39 am
SirJimmySchoular wrote:Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
You might want to dispute the payday loan, perhaps on the grounds that making it was irresponsible lending given your financial circumstances and that the rate of interest was unreasonable and unethical. Threaten to complain to the regulator but don't do so immediately. Point out to the that they must not pester you whilst the matter in dispute.
Providing that you can convince them, ( rightly or wrongly), that you may be able to embarrass them in the current climate either make them a time limited offer of a one off payment of about 1200 if you can or tell them you will pay them £40 Pcm and keep to it whether or not they agree to such an arrangement. They will find it hard or impossible to successfully enforce a judgement if the Court can see that you are making payments.
See a GOOD solicitor though because he'll know how to deal with it and I doubt that he'd charge much for something like that.
Tue Oct 16, 2018 7:45 am
Bluebina wrote:SirJimmySchoular wrote:Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
You might want to dispute the payday loan, perhaps on the grounds that making it was irresponsible lending given your financial circumstances and that the rate of interest was unreasonable and unethical. Threaten to complain to the regulator but don't do so immediately. Point out to the that they must not pester you whilst the matter in dispute.
Providing that you can convince them, ( rightly or wrongly), that you may be able to embarrass them in the current climate either make them a time limited offer of a one off payment of about 1200 if you can or tell them you will pay them £40 Pcm and keep to it whether or not they agree to such an arrangement. They will find it hard or impossible to successfully enforce a judgement if the Court can see that you are making payments.
See a GOOD solicitor though because he'll know how to deal with it and I doubt that he'd charge much for something like that.
He has done that already and had the money refunded, he posted that a few weeks ago.
Citizens advice are the first port of call, they will pass you on to professional debt counselors if you need more help than they can offer.
Tue Oct 16, 2018 8:19 am
Bluebina wrote:Bluebina wrote:SirJimmySchoular wrote:Wolfpac wrote:103 Barmy Army wrote:I’m not a financial advisor, so can’t advise you in the short term regarding paying off loans. However, moving forward, I’ve found that allocating a certain amount of cash per year towards things like clothes, car repairs, Christmas, car insurance, house insurance, Birthdays etc. works for me. I then add it all up (Jan - Dec annual forecast) and divide the total amount by 12 (months in the year) and put that amount into a separate account every month. It stops me spending it when I “think” I have spare cash. If you underestimate for car repairs, at least you’ve prepared for an element of the total bill.
I also do a separate list for my monthly finances where I allocate money for food, diesel, luxuries and so on. It seems to work for me and after years of being in debt, I wish I’d done it earlier. It was this list that recently got me in trouble after my wife noticed how much I spend watching Cardiff home and away and demanded extra cash.
Hope you get it sorted.
Thanks lads, I’ve got about £3000 on a payday loan that take £300 a month for next 10 months and credit cards that are around £1400, I’m trying to put additional money aside for next 6 months to see if I can repay this loan sooner but I don’t know whether just to use that money I’m going to save up to clear credit cards instead then just repay loan over the next 10 months, it’s a pickle, I’m sure I’ll sort it.
You might want to dispute the payday loan, perhaps on the grounds that making it was irresponsible lending given your financial circumstances and that the rate of interest was unreasonable and unethical. Threaten to complain to the regulator but don't do so immediately. Point out to the that they must not pester you whilst the matter in dispute.
Providing that you can convince them, ( rightly or wrongly), that you may be able to embarrass them in the current climate either make them a time limited offer of a one off payment of about 1200 if you can or tell them you will pay them £40 Pcm and keep to it whether or not they agree to such an arrangement. They will find it hard or impossible to successfully enforce a judgement if the Court can see that you are making payments.
See a GOOD solicitor though because he'll know how to deal with it and I doubt that he'd charge much for something like that.
He has done that already and had the money refunded, he posted that a few weeks ago.
Citizens advice are the first port of call, they will pass you on to professional debt counselors if you need more help than they can offer.
They will ring them all and arrange a payment plan, probably getting you a reduction in the interest payable. They will put you on a payment plan with all of them and prioritise the debt repayments for you. If you are in financial difficulty the providers have to make a commitment to try and help and wave some of the late payment charges etc, the same with your bank accounts and credit cards.
Tue Oct 16, 2018 8:55 am