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Consolidation Loans

CarrieB_4
CarrieB_4 Posts: 13 Forumite
Hi everyone

This is my first post on here!I currently have two loans that I have with Lloyds tsb,I took the last loan out last year on the proviso that I didnt borrow any more money for a year.That year is almost up,but in the meantime I have obtained a mortgage on a property.Do you think its likely that I will be able to consolidate both my loans(unsecured)I do not have any CCj's etc and run my bank account well.Its just that I pay £450 a month at the moment and want to reduce this.

Many thanks in advance

Comments

  • CarrieB_4
    CarrieB_4 Posts: 13 Forumite
    Please can someone advise me.Many Thanks x
  • mrmajika
    mrmajika Posts: 987 Forumite
    Part of the Furniture 500 Posts Combo Breaker Photogenic
    If you consolidate with LTSB once your 12 months are up then the APR will jump up quite a bit. You might be better looking elsewhere to consolidate both the loans.

    You shouldn't have too much of a problem doing it as long as you have good credit.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right! :D
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