We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt help needed
Shell09
Posts: 2 Newbie
Never been on anything like this before, but need advice.
I have debt of 35K, and dont know where to turn. Really struggling with repayments, and at times drawing money from credit cards to pay other cards (bad i know).
Had a loan company round tonight (have 7days cooling of period) for a secured loan.
Dont know if this is the way to go. Any advice ?
I have debt of 35K, and dont know where to turn. Really struggling with repayments, and at times drawing money from credit cards to pay other cards (bad i know).
Had a loan company round tonight (have 7days cooling of period) for a secured loan.
Dont know if this is the way to go. Any advice ?
0
Comments
-
Hi Shell
Welcome to mse, i certainly wouldnt go for a loan but the good folks of dfw will need some more details from you. Someone will be along soon i'm sure.
Good luck
Tonixx0 -
Had a loan company round tonight (have 7days cooling of period) for a secured loan.
Hi Shell
Welcome to the forum
Borrowing your way out of debt is not the answer, especially with a secured loan.
Start off here, complete your SOA (Statement of affairs) the members will assist as and where required.
Also, take a look at my signature and contact one of the debt charities for further assistance with your debts.Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0 -
The secured loan is a VERY bad idea.
Suggest you cancel, and then contact one of the organisations in 10past6's click-through
You're probably going to need a debt management plan with a fee-free company.0 -
Thanks for advice. Have cancelled the loan. Links given are very useful. Thanks again, i may get a good night sleep 2night.:D0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards