consolidation loan yes or no?

sarahblonde

Hi,
I have a loan with tesco 8k and 3k left on my hsbc bank (high apr) already, i want to get rid of them and my credit cards and overdrafts etc, but should i get another loan to pay off these, so i have 1 loan rather than all the other debts? or extend my tesco loan? (which is good apr) i dont have a brilliant credit rating and have to go the loan application process again
thanks

Emmzi

how about posting balances, APRs and min. payment amounts on the debt free wannabe board. they can advise on best way of repaying everything so you get shot of it all quickly!

sarahblonde

hi yes ive posted on there previously about debts..am trying hard to clear!

Emmzi

ok. all I'll say is I consolidated often and kept keeping a cc for emergencies and all the emergencies truned out to be a new handbag or a week in spain etc... 35k later, I stopped consolidating. I am sure my situation is not rare either!