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debts clearing loans?
softmind82
Posts: 146
Forumite
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..?
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..?
0
Comments
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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 ym0
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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 Hendrix0
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