loan and hpi help

stationairy

hi
got myself in a bit of trouble money wise through gambling (getting help but thats another issue)

now i want to get all my finance soughted

i am on about £900 a month

pay £200 board and £200 between petrol, car insurance and various other things.

so what i want to do is get a loan to cover my dept
now i hav a loan for £2045, credit card £3000, overdraft £1300, and finance on car

now i looking at loans and have been quoted by my bank 11.9%
now my credit history not brilliant but its alright
and it seems the cheapest foixed one is nationwide (where rate does not move up and down)
so wanting to no if anyone no of anywhere different or any tips when i go to nationwide to look at loan

also had my settlement figure from car fiance and its £2700, now if i left it i and paid each month i would only be paying in total £2900
and i worked it out with 1 months interest penalty to be about £2100
so why is it so differnt

and also car is only worth £2500 so wondering as i could send car back and pay nought else, as paid more that 50% could i negotiate a better settlement figure
has anyone had any experience at this

also any other tips that might help

Rafter

11.9% isn't too bad given your income and other debt. An application to the nationwide might be an idea but you may have trouble borrowing as much as you need.

As for the car, without seeing the detailed cancellation conditions it is difficult to advise. It looks on the face of it you might have taken payment protection or something and that is messing up the calculations?

If the car is on HPI I think you can walk away if you don't need the car and can use the money saved to reduce your other debt faster.

Good luck.

R.