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Unemployed Mom Owes Nearly $5000 For Christmas Gift Loans

Posted by on Dec. 30, 2013 at 9:54 AM
  • 160 Replies


Unemployed Mom Owes Nearly $5000 For Christmas Gift Loans

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A mom finds herself in crippling debt after the holiday season, having taken out thousands in loans to buy her children Christmas presents.

Many families begin the New Year with financial strain after a month of gift-giving. For Katie McGill, 28, the pressure gauge is reading higher than most.

McGill borrowed about $2,780, from easy money lending firms to purchase “hundreds” of Christmas gifts for her children. The unemployed mother of two faces a debt of almost $5,000 to start paying back Jan. 2.

She is blaming the lending companies for what she sees as predatory practices.

“It’s stupid because I’m on benefit and there’s no way I can afford to pay it all back,” she told the Mirror.

“When I first started taking out loans I was in a stable relationship and me and my partner both had jobs, meaning when it came to pay day we could pay back what we owed.”

“But now I am on my own and unemployed. [Lending company] Wonga haven’t looked into my change of circumstances though and they’re still allowing me to borrow.”

McGill’s gifts to Mya-Renee, three, and Calvin, eight, included a bike, TV, and DVD player for both kids, several Xbox games, and a meal out.

“There were hundreds of presents under the tree. Their gran passed away this year so it was nice to be able to treat them,” the single mother told the Daily Mail.

Now, though, McGill isn’t sure how she’ll cover repaying the multiple loans that she took out from eight different companies.

"When I start paying back the loans I won't be able to pay the bills or buy food and drink and basic necessities," she said.

She called the loans from the company Wonga “one big, messy, circle,” as the company encourages loan seekers to continue to take out more loans to account for the last ones.  A spokesman for Wonga said it’s only possible to take out one loan at a time.

McGill has no job and is using unemployment benefits to provide for her household, and now, pay off thousands in Christmas presents for the kids.

Sources: Daily Mail, Mirror

by on Dec. 30, 2013 at 9:54 AM
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Replies (1-10):
candlegal
by Judy on Dec. 30, 2013 at 9:57 AM
15 moms liked this

None of it is her fault, right?  I am guessing she is expecting people to jump in and help her.

VooDooB
by The Corrupter on Dec. 30, 2013 at 9:58 AM
4 moms liked this

She is blaming the lending companies for what she sees as predatory practices.

Of course she is. Loser.

IhartU
by Gold Member on Dec. 30, 2013 at 9:59 AM
4 moms liked this


Quoting candlegal:

None of it is her fault, right?  I am guessing she is expecting people to jump in and help her.

 I sure as hell hope not. Her priorities are screwed up, she got herself in the mess because she's materialistic and not realistic about her monetary situation. She needs to fix the problem herself because no one but her made it.

tanyainmizzou
by on Dec. 30, 2013 at 10:00 AM
1 mom liked this

She isn't responsible?

My son is a spoiled only child and didn't get that much.

.Bubbles.
by on Dec. 30, 2013 at 10:00 AM
6 moms liked this
She needs to take personal responsibility. She made the decision to take out high interest personal loans for things her kids didn't need. Then on top if that it sounds like she continued to borrow even after she lost her job. Now she wants to blame the loan company for doing what she applied for.
ZombieMeat
by on Dec. 30, 2013 at 10:00 AM
7 moms liked this

I'm not surprised to see that she's blaming the loan companies for HER stupidity. Yeah, let's go ahead and buy a bunch of junk that kids don't need, even though I have to take out a loan and oops, I also don't have a job to pay it back, all in the name of Xmas. Of course, her type of attitude is rampant on CM.

.Bubbles.
by on Dec. 30, 2013 at 10:00 AM
1 mom liked this
If anyone helps her they are just as dumb as she is.

Quoting candlegal:

None of it is her fault, right?  I am guessing she is expecting people to jump in and help her.

Sekirei
by Nari Trickster on Dec. 30, 2013 at 10:01 AM
3 moms liked this

I am agreeing with all of the above...

candlegal
by Judy on Dec. 30, 2013 at 10:02 AM

It sure sounds like she is looking for someone to help her out.



Quote:

"When I start paying back the loans I won't be able to pay the bills or buy food and drink and basic necessities," she said.

Quoting IhartU:


Quoting candlegal:

None of it is her fault, right?  I am guessing she is expecting people to jump in and help her.

 I sure as hell hope not. Her priorities are screwed up, she got herself in the mess because she's materialistic and not realistic about her monetary situation. She needs to fix the problem herself because no one but her made it.


jobseeker
by Silver Member on Dec. 30, 2013 at 10:03 AM
4 moms liked this

WOW!  I guess you can't fix stupid.

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