OT - Financial advice / advisers

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

Try Help Debt Plus - very good, based in Cwmbran 01633 712894

https://www.helpdebtplus.com/how-we-can-help/

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.

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.

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.

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.

Aye mate I understand that I just want it over and done within 6 months, essentially I’m going to try save £250 a month for next 5/6 months as a buffer and hopefully be able to clear the loan in April, in between that pay some additional money towards the credit cards, then tackle them once loan paid off.

Hey Wolfpac,

Hope you're having a good day mate.

I'm a Professional Gambler from Cardiff. I'm heavily limited on almost all online betting sites, so I am always looking for new people to place bets on my behalf. I give you the money to place the bets, so it's no risk to you. I let you keep 20% of all the profits, which usually turns out to be a substantial amount.

Let me know if you'd like to help me out and earn some extra cash. You should easily earn at least £3000 within the next 10 months. You can then use that £300 to clear your Credit Cards and get out of debt much faster.

Who knows, if I go on a really good run you might be able to clear everything.

Drop me an email if you're interested:

info@mmabettingtips.com

Good luck mate

Chris

It's one thing trying to clear a debt and another avoiding problems in the future. I would contact Citizens Advice (the old CAB). You can speak to a money advisor who can he!p clearing debts, but also reducing bills and budgeting in the future. It costs nothing Nd can help a lot. Give them a try.
Nothing against the previous poster but if something looks too good to be true...it probably is!).
good luck

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

its not the current loans are your problem mate....
when I read this I thought im sure this fella has said he is on decent money...so I checked.....sorry..
yep a post claiming combined income 66k a year......another post you admit to gambling problems......and yet another youd had thousands back in compo for other pay day loans....all within 2 months...I have no idea what help is out there for someone like yourself but the problem sounds much bigger than shall you pay peter or paul…


genuinely hope someone who recognises your problem reads this and helps, or puts you in touch with someone who can help

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.

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.

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.

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.

I don't have the answer....and although your advice is probably sound as far as it goes ,if you read my post above or his previous posts...its pretty clear that even if citizens advice gifted him 4k it would only be a matter of weeks before he was in a mess again..the debt seems to be a secondary problem..?

Former advisor here

would be interesting to know what interest rates on all that lending? pay day loans and credit cards have the highest rates out there and the interest is probably doing the biggest damage here.

my tips would be (appreciate not all may be viable):
* move credit cards to 0%, lots of deals out there
* do you have a mortgage? mortgage rates are at their lowest and you could raised funds in equity and pay off your debts at a much smaller rate
* even a personal loan, consolidate all debt on a much much lower rate

apart from those, its tough to say more without more information but hope this helps!