Debt advice needed including advice with overseas debts and Payday loans **

[ICantWorkWithMoney]

Hi

 

Been avoiding my finances for a longtime as I know its in a bad state. Some might say its not as bad as you can clear it all

in only a few months, theres the problem, I only have a few months income left before I relocate and have no income at all.

I'll list all my loans and hope someone can give me some insight

 

hsbc managed loan £900 £25 p/m its a very old loan 7years+

vanquish cc £500 £25 p/m minimum payment

capital one cc £500 £25 p/m minimum payment

Virgin-media £225 been i gnoring their letters, debt was 160, they stopped my service but is still charging me a monthly

fee for a service they stopped supplying, im no longer under contract with them

 

Capquest £180 £60 p/m payment plan 3 payment left

ukpayday £344 £172 p/m payment plan 2 payment left

quickquid £625 £312.50 p/m payment plan 2 payment left

 

wonga £1300 minimum due on the 10th is £300 to extend

lendingstream £400 loan 12/05/11 today i owe them £780, tried to set up a payment plan 10/05/11 and they was having none of it

paydayexpress £320 today i owe £575, same as lendingstream, I tried to set up a payment plan 10/05/11 and was told if I have

a job I cant be in finacial hardship therefore cant set up a payment plan. As of 3weeks ago I started getting phone calls from Paydayexpress

hq, I have not answered any of those calls and now they called my job and all my collegues know a payday company is looking for me.

 

Barclays £700 no payments made to date, they have been trying to call me for 1 month now. Its my old current account with a £500 reserve, so thats the £500 reserve used and they add £22 a week in charges

 

I get paid the 10th of each month into a seperate account, never less than £1550 every other month £50 or so more and these are my expenses or rather the bare minimum I need

 

Rent all incl £345

Food £75

Travel £69

Phone £10

 

So I have £1050 a month to repay them all, I have 5 maybe 6months left of income. The payday loan intrest is killing me, I'm shaking

uncontrolably everytime i think about my finaces nevermind looking at them. I've been in the Uk for 12.5 years and I have nothing but

debt to my name, I'm returning to South Africa in dec or january for good.

 

I dont want the stress of debt chasing me if I just uped and go, I would really love to have a clean slate...a bank balance of £0 but then

I have nothing at the age of 35.

I was thinking if i repay my proper debt ie. banks and cc's and maybe make good on the existing payment plans which are all so close to be fully paid off

and ignore those payday companies I have not contacted yet then maybe ill have £2000 to start my life over.

 

But I'm scared at the way they add intrest, wonga,payday express and lendingstream today stand at £2650 and wonga alone's apr is well over 4000 %.

When i write this down and read it, it becomes real yet again, thats why ignoring it helps for my short term stress levels.

Please if you can offer any advice or insight it will be appreciated, please dont preach to me about the evils of payday loans at the time it couldnt be avoided.

Spent most of the night looking for a second income but as I'm already at work 15 hours a day including travel time the odd off day i get is really needed. And all those working from home jobs look like pyramid schemes so doubt I can up my income at all.

 

Thanks for your time

[ICantWorkWithMoney]

 

 

paydayexpress £320 today i owe £575, same as lendingstream, I tried to set up a payment plan 10/05/11 and was told if I have

a job I cant be in finacial hardship therefore cant set up a payment plan. As of 3weeks ago I started getting phone calls from Paydayexpress

hq, I have not answered any of those calls and now they called my job and all my collegues know a payday company is looking for me.

 

 

 

Just a quick update on payday express, I unbanned their telephone number today and answered their usual 1st attempt at calling me at 10am, had to sort this asap as its embarrassing that they called my place of work while i was away, and a work guy posted a huge note for me in the staff kitchen informing me AND 30 other people a payday company is after me.

 

Anyway, explained to her my situation and that I tried to remedy all of this 2 months ago, a quick income and outgoings list and she was happy to accept £50 a month for 3 months then a review.

But before she would hang up she said a gesture of goodwill would go a long-way, she wanted a July payment of £30, I said i have access to 4 pence in my current account.

She replied with, Can you do £25? I said no I don't have any money, payday is still 2 weeks away. She went down to £10. Setting up the payment plan was easy even pleasant up-to this point but luckily she backed down after the £10 request.

[rebel11]

Hi Ic

 

Welcome to CAG

 

The guys will be happy to advise as soon as they are available.

 

Have a read 1,2,3,7 and 8 in my signature.

 

http://www.shweb.pwp.blueyonder.co.uk/interestcalcs.xls