I am a 25 year old female living and working in London, England.
I currently owe around £2000 to various payday loan companies which is significantly more than my take home pay each month. I pay out so much interest every month that I don't have enough to live on without taking out loans every single month. My credit rating is pretty shocking so I can't even get a cosolidation loan to pay them off, and to be honest I am sick of using debt to pay off debt.
I am currently trying to reduce what I owe to these companies by at least £100 every month. It will take a long time and it costing me a fortune in interest.
I am going to use my own money making tips posted on this website. If any of them are particulary fruitful i will post that on the site so you can see what really works.
I sometimes feel like I am drowning and I know this can't go on. While obviously there is no one to blame for this situation but myself I feel that payday loans companies are loan sharks who prey on vulnerable people when they are desperate. Their rates of APR are extortionate, more than 1000% in some cases!
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