[Benjamin]

Meet the unemployed mother-of-two who borrowed
£1,700 from EIGHT payday loan companies to buy 'hundreds' of Christmas
presents... and now she says she can't pay any of them back
Katie McGil, 28, from Devizes, Wiltshire, now owes more than £3,000
Unemployed mother, who is on benefits, wanted to 'treat' her family
Claims she will be unable to provide for children when paying money back

A single mother on benefits funded her family’s entire Christmas by taking out eight payday loans.

Katie McGill, 28, borrowed around £1,700 from companies including the
controversial Wonga so she could treat her two children to a
traditional meal and expensive presents.It meant Mya-Renee, three,
and Calvin, eight, were each able to unwrap a new bike, a new TV and a
DVD player, as well as numerous computer games.

Payouts: Katie McGill, 28, wanted to 'treat' her children Mya-Renee, three, and Calvin, eight this Christmas

But now the celebrations are over, their mother is saddled with more than £3,000 of
debt – with only her benefits to use to pay it back.Miss McGill,
from Devizes in Wiltshire, started borrowing in the months leading up to
Christmas to pay for this year’s festivities.She ended up taking out eight of the controversial loans – which critics say charge sky-high rates – from various lenders.

She says the only way she will be able to pay them back is by using the
£140 of her fortnightly benefits that doesn’t already leave her account
through direct debits for various expenses.

Miss McGill said: ‘Each time I’ve borrowed money I’ve started borrowing more and more and now I have ended up with £3,000 worth of debt.'I started thinking about Christmas a couple of months ago and thought that the only way I’d be able to get my kids the presents they wanted was by borrowing the money.‘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 has now criticised Wonga and the other firms for giving
her the loans without properly looking into her circumstances.She said:
‘It’s stupid really because I’m on benefits and there is no way I can
afford to pay it all back.’Miss McGill said that when she first
started using payday lenders, back in 2009, she was in a stable
relationship and she and her partner both had jobs.This meant she was
able to pay off the loans.‘But now I am on my own and unemployed,’
she said. ‘Wonga haven’t looked into my change of circumstances though,
and they’re still allowing me to borrow.’Miss McGill – who has taken
out pre-Christmas loans ranging from £80 to £380 – will need to start
paying them back next Thursday.


Lavish Christmas: The mother-of-two was able to
buy her children 'hundreds' of gifts with the £1,700 she received from
the eight companies


Struggle: The single mother, who is on benefits,
claims she will not be able to buy basic necessities when she starts
making the repayments


But she says she won’t be able to afford it and fears she will simply end up borrowing more.

‘WhenI start paying back the loans I won’t be able to pay the bills or buy
food, drink and necessities. Then I’ll start taking out more loans and
it will just be one big, messy, circle.’A spokesman for Wonga said
the company does not let people take out more than one loan at once.
Borrowers have to pay each one off in full before becoming eligible to
take out another.



Read more at http://www.liveleak.com/view?i=d89_1...DY0Qoisk4Sm.99

Stupid cunt.