“Dear Steve,
i entered a debt management plan about 9 months ago, however i have taken out a further 6 payday loans since, which i am struggluing to pay back, what are my options? my debt os over 15k, should i have been able to take out these loans when in a debt management plan?
Scott”
The Answer:
Dear Scott,
Well the need for the payday loans tells me the debt management program wasn’t working for you and left you in a situation where it was obviously unaffordable.
You need to seriously consider bankruptcy and get yourself back in a situation where you actually have a chance at a fresh start. Click here to find a local bankruptcy attorney you like and go talk to them.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.