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Should i swap my loan?
Hi all
I'm wondering if anyone can offer me any advise...
I currently have a flexible loan with Cahoot at 8.5%, I've had this for a couple of years and still owe 6500.00 (original loan was for 9000.00, i have only been paying off 160.00 a month hense the fact i still owe so much). As of January next year I will have cleared my credit card debt and want to focus on paying off my loan, i plan to pay £850.00 per month until its cleared, so should hopefully be clear by next July. Should I stick with this loan or should i apply for a loan at a cheaper rate..
Would i loose out if i apply for another loan or would i be better off. I'd be really greatful for any advise that you can offer me. Thank you very much in advance
I'm wondering if anyone can offer me any advise...
I currently have a flexible loan with Cahoot at 8.5%, I've had this for a couple of years and still owe 6500.00 (original loan was for 9000.00, i have only been paying off 160.00 a month hense the fact i still owe so much). As of January next year I will have cleared my credit card debt and want to focus on paying off my loan, i plan to pay £850.00 per month until its cleared, so should hopefully be clear by next July. Should I stick with this loan or should i apply for a loan at a cheaper rate..
Would i loose out if i apply for another loan or would i be better off. I'd be really greatful for any advise that you can offer me. Thank you very much in advance
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