How will not making these payments effect my credit report? I have loans with PDU, Wonga & Quick Quid. will either of these companies log a default on my credit report?

update I asked my nana if she would apply for a loan in her name for me so we did it last night 15k over 7 years with sainsburys online. it then said to complete the application we had to ring up today. Now when i was at work sainsburys have rang my nana to complete the application - they have changed the loan around and offered 10k with payment protection!! Now from what i have worked out, the payments are roughly the same as 15k without! this is ridiculous. my nana is on the phone to them now to see what we can do.

You are deffo right there NS. Last night was the best nights sleep i have had for a while. even if it was only 5 hours

that is what they have said, it will sort out some of the smaller issues (I would think what banks are allowed to charge from now on perhaps) and then debate it further regarding the refund of previous charges

I work for one of the banks involved and the message we recieved today is that the outcome posted on thursday will not decide the legality of the bank charges.

Thanks for your support everyone. After 3 weeks i finally plucked up the courage and told my mam - only an hour ago!! She didn't kick off like i thought she would, she was upset though. She is now trying to help me! fingers crossed

I was told the other day that LTSB are trying to buy Alliance & Leicester and as a result will have to offload the majority of cheltenham & gloucester as they will have a too big a share of the mortgage market. Now personally, i couldn't see it making any sense but anyone else know/heard anything?

thanks for the advice everyone, i shall let you know how i get on. If anyone else has anything to add - please do.

Well, i'm 21 so still quite young. one thing that worries me is if i go to a debt management plan, satisfy it all and then try and get a mortgage say 4 or 5 years from now. does anyone have any experience of this?

I think what kills me the most is the fact that my mother works for the same bank and she has an idea that i am having problems (she has probably had a look at my account), she keeps asking me if i am having problems and i cant bear to bring myself to tell her i am. I don't think she knows exactly how much i owe and it would probably kill her if i told her (or she would kill me first ) but i know she could probably help. I'm just too embarrassed to tell her.

Hi Maxine, I'm Jamie, i work at lloyds TSB. regarding the Loan Protection Insurance, it can still be removed. PM me and i'll let you know how

I cant transfer any of the balances which is mad because i have no adverse data on my credit file, i have just over committed myself. I am meeting the minumum payments but with great difficulty. I think i would be better off ringing my union or HR tomorrow to find out what the craic is regarding my job.

Either way, you will end up paying the overdraft. If the bank cannot get payment from you, they will pass your account the their solicitors who will contact you for payment.

Chris, Lloyds TSB will not charge you for going overdrawn if their charges put you further overdrawn, you will, however, incurr charges when your overdraft interest or (AVA) Account charge is paid on either the 1st or the 9th of the month. as for your original claim, providing you have changed your address with the bank, they will write to you once the court case is over. Jay

I am currently struggling financially, not that any of my circumstances have changed, just the fact i have been an idiot and over committed myself. Now i have near enough £18000 oweing, with around 8 creditors, all unsecured loans, credit cards, store cards & catalogues. £8000 of that is with a bank that i work for (as a Personal Banking Manager) and its because of my current employment situation i find myself embarrassed. I work as a manager helping colleagues and customers look after their money and yet i dont seem to be leading by example. If i was to move onto a debt management plan, could that affect my employment situation (i do not undertake credit checks with the job so that wont make a difference) any advice anyone?