Cash Converters Loan

[stephen22]

Hi

I have had a call from someone who took out a cash converters loan, they used it to pay off an existing one and then top up. However the payments are ridiculous.
They suffer from a mental health problem and felt they needed the money, but they did not get as much as they hough after paying the other off.
They had to go and sign in branch and feel now they are in a worse position.

Any advice

[Sapphire]

Re: Cash Converters Loan

Bumping up

[labman]

Re: Cash Converters Loan

Stephen, if I remember correctly you stated you work for a charity, and a few of the charity's cases seem to be being posted here. As many deal with mental health issues, would I be right to think you are a mental health charity?

Do you not, as a charity, have a list of organisations who can help people with mental health problems and debt?

Your client would be better served going to a big, recognised name or possibly a larger mental health charity who would be able to intervene on his behalf. I've posted a few links below. The last one is not for money help, but has a wealth of links which may be of help.

http://www.mind.org.uk/money

http://www.rethink.org/living_with_m...debt_benefits/

http://www.citizensadvice.org.uk/

http://taxaid.org.uk/guides/tax-debt/health

http://www.cml.org.uk/cml/policy/issues/4088

http://www.communitycare.co.uk/artic...who-are-in.htm

http://www.centreformentalhealth.org...formation.aspx

[stephen22]

Re: Cash Converters Loan

Hi
We are a mental health charity, we do have a list of places, unfortunately they seem to be passing people to us.
We have only started offering the debt advice, and because of the mental health aspect, you can imagine that we are getting calls left right and centre.
We have just got our OFT licence and CFS.......so i think we are hiting the ground running.
I have seen some different ones on your list. It is all very new and scary.
On top of that I am just finishing my level 3 Ilex..........so busy

[IanM]

Re: Cash Converters Loan

Hi Stephen22, it is always good to see people like yourself putting yourself on the front line to help people that cannot help themselves and some people don't understand all the effort and training you have to do to achieve that, so welcome to the forum.

There are many good people on this forum that will help fight your corner in many aspects so don't be afraid to ask anytime you find yourself needing it.

IanM