2k loan

kentguy07

I have bad credit rating i do not own a home and i have No ccj's
is there any hope of finding a loan for £2000 ?.

I can repay it £300 a month. It is to clear a debt that is crippling me due to high interest. I pay about £35 a month interest and my debt keeps going up and up because of vet bills. this month alone its cost me over £200 in vet bills.

I just need to clear this debt. I dont care if i owe this money to someone else just as long as the interest rate is lower.

I just dont see anyway out. I know its £2000 but i dont work and dont have much income.

dougyd

Who is your current loan with?
Can you try and re-negotiate the interest?

kentguy07

dougyd wrote: »

Who is your current loan with?
Can you try and re-negotiate the interest?

I cant. I dont have a credit card so my mum lets me put everything on her creditcard and i repay it to her x amount each month but nationwide they have such high interest rates. I end up paying £35 a month for the interest.

Its important i find a way of clearing this debt off.

If only i still had my overdraft i would use that to clear the debt but i dont have that anymore.

woody01

I know its £2000 but i dont work and dont have much income

With that statement alone, you have answered your own question.

People with a good rating and earning good money are struggling to get any kind of credit at the moment.

You do not work, and don't have alot of income, yet you state you can pay £300 a month ??? How can that be?

I doubt any lender, even a sub-prime would lend £100 let alone £2000 to you.

dougyd

If you have £300 a month spare to throw at a loan, why aren't you throwing it at the credit card debt?

kentguy07

dougyd wrote: »

If you have £300 a month spare to throw at a loan, why aren't you throwing it at the credit card debt?

I am. Belive me i am. But the debt keeps going up. WIth vet bills adn interset.
I and i am thinking of giving the pets away.

7 pets the bills are crippling so is the food and other stuff they need each month.
Today it was £56 just for the one vet trip.

I dont begrudge paying vet bills but soon the credit limit will run out and i will be in queer street if they need the vets again.

dougyd

Ok,

I see where you're coming from, what does your mum say about the esculating debt, does she realise you are stuggling so much?

If you default, as you know it's your mum that will suffer. Maybe she could talk to nationwide about freezing the interest for a few months while you sort things out?

ILW

dougyd wrote: »

Ok,

I see where you're coming from, what does your mum say about the esculating debt, does she realise you are stuggling so much?

If you default, as you know it's your mum that will suffer. Maybe she could talk to nationwide about freezing the interest for a few months while you sort things out?

The problem is not the £35.00 per month interest (which sounds pretty reasonable on £2000. It is the fact that you are spend more and more each month. Taking out further loans will not improve matters.

Ames

If you're on benefits then look into the PDSA, they help with vets costs.

chambta

The issue is not the debt as such, it's the increasing expenditure. If you actually have £300pm spare (which I struggle to see how, as you say you aren't working) then the credit card debt would taken only 7-8 months to clear. Why is this 'spare' money not being utilised for the ongoing costs?