Main site > Forums > Essential Money > Loans > reputable company for unsecured loans (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
reputable company for unsecured loans
Closed Thread
Views: 3,080
Thread Tools Search this Thread Display Modes
# 1
Old 18-06-2011, 7:53 PM
MoneySaving Newbie
Join Date: Jun 2011
Posts: 2
Default reputable company for unsecured loans

hi i have about 15000 debt on credit cards, i dont own my house as i live in one of my father in laws properties, with the interest it seems like i will be paying them off forever, does anyone know of a reputable company that would give me a loan with a fair credit rating?
cezilxx is offline
Report Post
# 2
Old 18-06-2011, 8:38 PM
Deliciously Dedicated Diehard MoneySaving Devotee
Join Date: Jan 2009
Location: somewhere in the middle
Posts: 30,207

How much do you earn? If its less than 50k+ then you'll be very unlikely to find anywhere who will give you a loan sufficent to pay off those debts - even with a very good credit rating. Any potential lender will consider the new loan as additional credit on top of what you owe on the cards (as you might blow the loan and not pay off your cards), and so they will assess whether you can afford to repay 30k of debt. If you are stuggling to repay 15k, I'd guess they'd judge you couldn't afford the repayments on 30k of debt.
A smile enriches those who receive without making poorer those who give
or "It costs nowt to be nice"
Tixy is offline
Report Post
# 3
Old 19-06-2011, 5:35 PM
Fantastically Fervent MoneySaving Super Fan
Join Date: Nov 2007
Location: chester
Posts: 6,606

borrow more debt to pay off debt.....not the best approach.... to cut down on your expenditure is the only magic bullet available.
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
geoffky is offline
Report Post
Closed Thread


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 4:00 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 25 March 2015

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed


Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

MSE's Twitter Feed