Recommend me an unsecured loan

Chiller_2

I have an average / poor credit rating. Although I don't have any CCJ's I do have a few late payments on my credit card and have gone over my overdraft limit more than once.
I have lived at the same address for the past 12 years but thanks to the recession, I have only been at my current job for 2 years.

I am wanting to use the loan to pay off my overdraft and my credit cards as well as have a little left over for my holiday in May. I'm looking for a loan for £3000 over 5 years (or no more than £80pm)

If anyone can recommend some good companies then please let me know!

Simon11

If your in debt and wish to sort it out, going on holiday isn't the best thing?

Clear the debt now and have more in the future!

For example:

You have £10 now.

You could spend the £10 on a night out.
Or you could put that £10 toward the debt. Having the debt for 5 yrs with APR of 15%, you could save yourself £7.50 (Not too accurate but gives idea).

So spend £10 now or have £17.50 in the future?

andys15

Simon11 wrote: »

If your in debt and wish to sort it out, going on holiday isn't the best thing?

Clear the debt now and have more in the future!

For example:

You have £10 now.

You could spend the £10 on a night out.
Or you could put that £10 toward the debt. Having the debt for 5 yrs with APR of 15%, you could save yourself £7.50 (Not too accurate but gives idea).

So spend £10 now or have £17.50 in the future?

save £7.50 over 5 years sounds tempting. Oh what I could do with that in 5 years time.

£10 on a night out, where you going the pound shop.

Chiller_2

The holiday is booked and paid for, It's just some extra spending money once we are there what I was on about.

So, which companies would people recommend for a loan?

Thanks again

Chiller.

R0bert_Sterling

No sensible lender is going to give you money to Party with knowing your history of exceeding your overdraft and paying your current debts at a time of your choosing.

Chiller_2

The money is not to "party" with. 95% of it is for consolidating my debts and getting me into credit with my bank. I'm only going to have around £160 left for the holiday. The rest of the money for my holiday is coming from my next months pay (currently living at with the 'rents so they are letting me off paying board for a month.)

Tixy

What are the APRs on your overdraft and credit cards? with your poor credit rating you may not get a loan with a better APR than those you currently have.

CLAPTON

what does your credit record say about you?

Chiller_2

CLAPTON wrote: »

what does your credit record say about you?

Not sure, I used one of the sites a few years ago for the "free trial" but havent checked since.

Back then, I had a fair credit rating (I forget the score though)

Tixy

As you know your credit rating is not very good then before applying for any credit it would make sense to check your report. This can be done pretty quickly either by a free trial or the £2 statutory report.

You don't need to pay the extra amount for a 'score', as that is pretty near worthless.

Without knowing how many late payment markers you have had and if you have any defaults you cannot decide which lender mght consider you.

Chiller_2

Tixy wrote: »

As you know your credit rating is not very good then before applying for any credit it would make sense to check your report. This can be done pretty quickly either by a free trial or the £2 statutory report.

You don't need to pay the extra amount for a 'score', as that is pretty near worthless.

Without knowing how many late payment markers you have had and if you have any defaults you cannot decide which lender mght consider you.

What are the sites what offer the free service? I cant remember the name of the one I used before but I think it started with "E" lol