We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards