FAQs
I took out a payday loan last year but wasn’t able to repay it on time and then I took out another to help with Christmas. I buried my head in the sand a bit and they have spiralled out of control and each month the interest is accruing and I can’t afford to pay them off. It’s really stressing me out and I’ve ended up missing credit card payments so I could make payday loan payments – it’s a never ending cycle and I feel like I don’t even want to answer the phone. I’ve been told I should consider consolidating all my debts as quickly as possible – how long does it take to set up a trust deed?