We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Can I get a better loan?
Options
Hi
first post on these forums but have been reading through a lot of threads and your advice has been a great help. I'll give you a brief overview first.
Due to a change in circumstances I have run up debt of nearly £12k in the last 2 years alone. About £3k of this is on credit cards which thanks to this site I have transferred most of to interest free cards for the next year, and crucially have cut up ALL my cards to stop things getting worse.
I also have an unsecured loan with Barclays for £9k over 4 years. With payment protection I am paying £255 pm for a 4 year loan which I started in March. I have no mortgage so unsecured is my only option.
My quetsion:
Is there a cheper unsecured loan out there or do you advise me to stick with this rather than transferring. I would need a loan of approx £10,5k to pay off the current loan and payment protection and would be willing to increase the loan length to a maximum of 5 years.
Any advice is much appreciated.
first post on these forums but have been reading through a lot of threads and your advice has been a great help. I'll give you a brief overview first.
Due to a change in circumstances I have run up debt of nearly £12k in the last 2 years alone. About £3k of this is on credit cards which thanks to this site I have transferred most of to interest free cards for the next year, and crucially have cut up ALL my cards to stop things getting worse.
I also have an unsecured loan with Barclays for £9k over 4 years. With payment protection I am paying £255 pm for a 4 year loan which I started in March. I have no mortgage so unsecured is my only option.
My quetsion:
Is there a cheper unsecured loan out there or do you advise me to stick with this rather than transferring. I would need a loan of approx £10,5k to pay off the current loan and payment protection and would be willing to increase the loan length to a maximum of 5 years.
Any advice is much appreciated.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards