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reputable company for unsecured loans
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# 1
cezilxx
Old 18-06-2011, 7:53 PM
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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?
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# 2
Tixy
Old 18-06-2011, 8:38 PM
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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.
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# 3
geoffky
Old 19-06-2011, 5:35 PM
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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.
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