Borrowing with no Collateral/unsecured

Ian_VVTi

im 21 and have a very small amount of debt compared to some people so i understand if no-one can be bothered replying lol

i have about 3500 to pay back

mum-1160 0%
BOS one card - 1140 at 22%
egg 400 at 0% until sept
Dell i ow about 300 to i think cant remember
and that all my debt

my mum is struggling slightly (gran died left us a house so we r paying for that) so im trying to get her money back to he aswell killing esseciallly 2 birds with 1 stone

ive been trying to get a loan to clear them all on but no-one except churchwood or QDL will touch me even though acording to experian i have a score of 896/999 which rates good on there system

ive never missed one payment on anything ever and have no CCJ or anything like that

im currently living with my mum and dad but am looking to move out in 4 or 5 years time so im trying to clear what i ow

any advise or questions

i also have a car outright can i not use that against a loan (2000 toyota celica VVTi)

the other thing is that experian say i have 700 quid credit available but my ONE card has 1100 on it alone

ILW

Just clear it off at what you can afford per month. Another loan will not help.

Ian_VVTi

currently with the way its sitting im clearing absolutely nothing

nikki2804

Whats your available income per month? If you've got an soa maybe we can help you with allocation of payments without going down the loan road.

ILW

Ian_VVTi wrote: »

currently with the way its sitting im clearing absolutely nothing

The majority of your debt is currently interest free, if you cannot afford to pay that down, how do you think transferring it to a loan with say 18% interest on top is going to help?

Ian_VVTi

nikki2804 wrote: »

Whats your available income per month? If you've got an soa maybe we can help you with allocation of payments without going down the loan road.

soa???

i get paid about 650 after tax dont see that going up with the current consturction industry

ILW wrote: »

The majority of your debt is currently interest free, if you cannot afford to pay that down, how do you think transferring it to a loan with say 18% interest on top is going to help?

becuase it would be at 18% but would be less than im paying every month at the moment basicaly thinking about now than the long run

i pay BOS 40-45 a month and that take about 6 quid off what i ow them after they add theyre payment cover and there interest

egg i pay a tenner a month wish it was more

pay my mum 80 a month

i prob spend about 40 - 60 a week on petrol

i pay dell 30 a month but for whatever reason always end up short at the end of the month dont have savings or anything and next month i need to replace a ball joint on my car before the wheel falls off the car

im not a big drinker at all i dont drink often or go out much it was different when the gf was working and i could borrow from her shes now at college worse off than me (we dont live together)

never seem 2 get a break

jan-mum birthday
feb-
mar-cosin and best friend bday
apr-brothers birthday
may-
jun-car tax
jul-car MOT
aug-girlfriend bday and anniversery
oct-
nov-dad bday and my bday plus xmas part 1
dec-xmas part 2

Wutang_2

Ian_VVTi wrote: »

soa???

i get paid about 650 after tax dont see that going up with the current consturction industry



becuase it would be at 18% but would be less than im paying every month at the moment basicaly thinking about now than the long run

i pay BOS 40-45 a month and that take about 6 quid off what i ow them after they add theyre payment cover and there interest

egg i pay a tenner a month wish it was more

pay my mum 80 a month

i prob spend about 40 - 60 a week on petrol

i pay dell 30 a month but for whatever reason always end up short at the end of the month dont have savings or anything and next month i need to replace a ball joint on my car before the wheel falls off the car

im not a big drinker at all i dont drink often or go out much it was different when the gf was working and i could borrow from her shes now at college worse off than me (we dont live together)

never seem 2 get a break

jan-mum birthday
feb-
mar-cosin and best friend bday
apr-brothers birthday
may-
jun-car tax
jul-car MOT
aug-girlfriend bday and anniversery
oct-
nov-dad bday and my bday plus xmas part 1
dec-xmas part 2

For a start - xmas and birthday cards are about 20p each.

Ian_VVTi

Wutang wrote: »

For a start - xmas and birthday cards are about 20p each.

wow !!!! being your brother... harsh

quintwins

Ian_VVTi wrote: »

soa???


becuase it would be at 18% but would be less than im paying every month at the moment basicaly thinking about now than the long run

it may be a lower interest rate but instead of oweing £1140 at 22% you'd owe £3500 at 18% which is worse

i think you should forget about a loan, i know you want to help your mum, but you don't want your debt to get bigger and out of control, thats the last thing your mum would want

ILW

Ian_VVTi wrote: »

wow !!!! being your brother... harsh

Sorry, but you are beginning to come over as a little kid now. You do not earn enough for your current lifestyle but do not seem interested in sorting it out, short of thinking that some sort of magic loan will make everything better. The first thing you need to do is grow up and decide if you really do want to repay these people or not. Then take it from there.

Ian_VVTi

quintwins wrote: »

it may be a lower interest rate but instead of oweing £1140 at 22% you'd owe £3500 at 18% which is worse

i think you should forget about a loan, i know you want to help your mum, but you don't want your debt to get bigger and out of control, thats the last thing your mum would want

yes but paying 210 a month is worse than paying 110 a month

ILW wrote: »

Sorry, but you are beginning to come over as a little kid now. You do not earn enough for your current lifestyle but do not seem interested in sorting it out, short of thinking that some sort of magic loan will make everything better. The first thing you need to do is grow up and decide if you really do want to repay these people or not. Then take it from there.

first off when was the last time you gave your brother a card for his birthday and went here thats your lot no you didnt im not acting like a kid im making th epoint im not giving my brother a 20p asda price card for his birthday

2ndly

excuse me i dont have a problem with my current life style atm it was my previous lifestyle was the problem

obvouisly i want to repay these people but what i want it to do it the cheapest per month not overall