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Unsecured Loan Help
Hello everyone,
I'm a new member so hello!
My situation is that I work full time (as of 6months) earning a decentish wage (£25K), and I am also a student at night.
In my previous year, I was living out of home in accomodation, and as it was an important year, I could not have a job. This meant I took out 2 extra debit cards on top of my normal current acconut, all with overdrafts. But i have ended up being in full overdraft on all these accounts. This is a total of £3500 overdraft.
With my current situation, I am paying a lot in terms of living expenses so it is ahrd for me to pay back all tghese overdrafts, and what's more is that I am being charged interest on these, which means that they constantly go over their overdraft limit, which means I get cahrged one off fines for going over the limit.
The only way I can see out of this is a loan. I do not own a home so this has to be an unsecured loan, maybe around £4000-£5000. I tried this at Alliance & Leicester and was rejected.
Now I do not want to apply for lots of these as I read that applying for loans and being rejected means that your credit rate goes down even more.
I am getting conflicting advice as to what kind of loan to go for, (maybe a bad credit loan??) but a lot of websites are unclear so I was hoping there would be some advice for me here.
Thank you.
I'm a new member so hello!
My situation is that I work full time (as of 6months) earning a decentish wage (£25K), and I am also a student at night.
In my previous year, I was living out of home in accomodation, and as it was an important year, I could not have a job. This meant I took out 2 extra debit cards on top of my normal current acconut, all with overdrafts. But i have ended up being in full overdraft on all these accounts. This is a total of £3500 overdraft.
With my current situation, I am paying a lot in terms of living expenses so it is ahrd for me to pay back all tghese overdrafts, and what's more is that I am being charged interest on these, which means that they constantly go over their overdraft limit, which means I get cahrged one off fines for going over the limit.
The only way I can see out of this is a loan. I do not own a home so this has to be an unsecured loan, maybe around £4000-£5000. I tried this at Alliance & Leicester and was rejected.
Now I do not want to apply for lots of these as I read that applying for loans and being rejected means that your credit rate goes down even more.
I am getting conflicting advice as to what kind of loan to go for, (maybe a bad credit loan??) but a lot of websites are unclear so I was hoping there would be some advice for me here.
Thank you.
0
Comments
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25k is a prety good income ...financing 3.5k worth of debts ought to be easily possible.
better to consider your spending rather than a loan... post up a SOA (budget ) here and see if people can help
http://www.makesenseofcards.com/soacalc.html0
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