I'm in quite a lot of debt and I don't know what to do.
I'm in quite a bit of mess with my finances, currently I owe
£2000 overdraft which has defaulted
£1000 overdraft which has defaulted
£3000 credit card which has defaulted
£600 pay day loans.
I don't really know what to do. I want to ignore it. But I know I can't. I get my student bursary of £2000 in a couple of weeks but £600 is coming off that straight away as of the pay day loans. I can't afford it. So that's going to end up defaulting. I can't work at the moment as I am up to my eyes in uni work. I can't afford to have this £600 taken from it as the bursary needs to last me 4 months. I need to put petrol in the car, I need to live.
I keep pushing the problem aside but it is really getting me down. Part of the reason I got pay day loans was cos I thought I'm gonna kill my self soon anyway so it's not as though it matters. I also owe my mum near on £2000. I feel sick thinking about it.
I think I am going to have to have my bursary paid into a new account with no overdraft facilities. Get what's called a debt relief order. But the thing that worries me about that is if it will affect the people I live with getting credit. They run a business from the address and don't want to mess that up for them.
I don't know why I am so bad with money. I go mad. I can;t keep it. I can't budget. I go on sprees going a bit mad and buying things I really don't need or want. I spend it for the sake of spending it.
I'm kinda freaked by it all! And I don't know what to do.