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debts clearing loans?

softmind82
softmind82 Posts: 146 Forumite
Part of the Furniture Combo Breaker
in Loans
can i get loan from any where to clear my debts out ?
i m working full time and renting property so want to clear out all my debts which is about 2000 any one plz help me out..?

Comments

  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    If you get a loan to clear out all your debts will it not be the case that you are still in debt for the same amount as before but that now it is all in one loan.
    ...............................I have put my clock back....... Kcolc ym
  • moonbeam682
    moonbeam682 Posts: 344 Forumite
    Hi softmind82 and welcome

    be very careful about taking out a loan to consolidate your existing debts. It may seem like an easy option but it may take you longer to pay off & be more expensive in the long run.

    If you are worried about your debts then you can get some excellent advice on the debt free wannabee board. They usually ask for a SOA (statement of affairs) incomings outgoings etc along with APRs of existing debts.

    please take some advice first

    best wishes
    'Butterflies and zebras and moonbeams and fairy tales, thats's all she ever thinks about riding with the wind' - Little wing, Jimi Hendrix
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