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Pay Day Loans - need to get out of the rut

Last post Fri, Jul 18 2008, 3:25 PM by conmankiller. 2 replies.
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  •  Fri, Jul 18 2008, 3:25 PM

    Re: Pay Day Loans - need to get out of the rut

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    Hi --- Failing you being able to borrow the money elsewhere at a lower rate or being able to raise the money somehow from another source, then I am sorry to say you are stuck with it unfortunately.

    Sorry if it's of no help, but reality can be a ***. !
    • Post Points: 5

  •  Fri, Jul 18 2008, 3:24 PM

    Re: Pay Day Loans - need to get out of the rut

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    Yes. Normally with pay day loans, you've got to pay back more than you borrow within a few months and yet you still have the debt. You should visit your local Citizens Advice Bureau as soon as you can and ask to speak to a debt advisor. Take details of any other loans and see what they suggest.
    • Post Points: 5

  •  Fri, Jul 18 2008, 2:43 PM

    Confused [8-)] Pay Day Loans - need to get out of the rut

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    I have a pay day loan which is due to be paid this month. As usual once you are in the trap you can't get out and end up borrowing (in my case) the maximum to beat the high interest rates. This month I am going to be struggling to pay this and really just want out of this rut I have managed to get myself into.

    Its costing me a fortune now - worst thing I ever did - oh how much I regret this.

    Can you advise me the best way to do this.

    • Post Points: 35