Help on Loan?

louisemarie1760

Hi all,

I'm just looking for some general advice...I'm about £4500 in debt and it's getting a bit unmanageable for me. I was thinking of consolodating it all into one loan.

I've looked into the loan at my credit union and was going to apply for it, but the only thing is, I'm on a fixed term contract with my job until the end of July. It's pretty much a dead cert to continue, but I'm scared to go ahead with the loan in case I don't have a job and can't pay.

I'm kinda stuck because if I don't consolodate, I'm never going to be able to manage the huge interest I'm paying at the moment. And I can't apply for any more credit cards as my rating isn't great.

Can anyone say what they think I should do?

Thanks

Louise

zppp

louisemarie1760 wrote: »

Hi all,

I'm just looking for some general advice...I'm about £4500 in debt and it's getting a bit unmanageable for me. I was thinking of consolodating it all into one loan.

I've looked into the loan at my credit union and was going to apply for it, but the only thing is, I'm on a fixed term contract with my job until the end of July. It's pretty much a dead cert to continue, but I'm scared to go ahead with the loan in case I don't have a job and can't pay.

I'm kinda stuck because if I don't consolodate, I'm never going to be able to manage the huge interest I'm paying at the moment. And I can't apply for any more credit cards as my rating isn't great.

Can anyone say what they think I should do?

Thanks

Louise

Hi there,

You may want to wait until your contract is renewed - will you be going permanent or will it be fixed term again?

Fiddlestick

louisemarie1760 wrote: »

Hi all,

I'm just looking for some general advice...I'm about £4500 in debt and it's getting a bit unmanageable for me. I was thinking of consolodating it all into one loan.

I've looked into the loan at my credit union and was going to apply for it, but the only thing is, I'm on a fixed term contract with my job until the end of July. It's pretty much a dead cert to continue, but I'm scared to go ahead with the loan in case I don't have a job and can't pay.

I'm kinda stuck because if I don't consolodate, I'm never going to be able to manage the huge interest I'm paying at the moment. And I can't apply for any more credit cards as my rating isn't great.

Can anyone say what they think I should do?

Thanks

Louise

If you can afford a couple month's more payments, you would be as well waiting until July and finding out about your contract.