I'm in a bit of short term trouble with money. I am falling into the payday loan trap and need to get out of it. I need to pay 780 pounds at end of this month to clear them. My rent is due on 1st of January and is 475 pounds. If I don't pay my rent I can wipe these payday loans and the outrageous interest.
I am working over Xmas so will be getting double time payments and also already have overtime banked. This means that on my payday which is 26th jan I could pay my rent which would be 25 days late. I'd also then be able to pay the February rent on 1st feb. hey presto I'd be out of payday loan hell.
But what would the implications be? Would my tenancy be at risk? I've lived here 2 years and never been late paying.
I am working over Xmas so will be getting double time payments and also already have overtime banked. This means that on my payday which is 26th jan I could pay my rent which would be 25 days late. I'd also then be able to pay the February rent on 1st feb. hey presto I'd be out of payday loan hell.
But what would the implications be? Would my tenancy be at risk? I've lived here 2 years and never been late paying.