Best place for a £5000 - £7500 loan?

Johntea

Could anybody offer me advice on the best place to get a £5000 - £7500 loan?

I'm with HSBC but already have a small loan with them (£2500) so they will not offer another, ideally this new £5000 - £7500 loan will consolidate that loan and several other smaller ones including a nasty Payday loan, plus give me a bit of comfort for the (sharply approaching!) christmas period

Dabooka

If your own bank say no, it's doubtful you'll get a major lendrs giving you a loan. You'll be looking at sub-prime with horrific APRs to match. The fact you've got payday loans, consider £2500 a "small" loan and you have such a huge range in your requested figure (£5000-£7500? How much do you actually need?) all suggests you need to get a grip on your spending. You may need to head over to the Debt Free Wannabe board and post on there for practical advice.

patman99

If you have a good credit rating, you could try Zopa. You do however, have to either accept or decline each individual offer, so you need to do some work.

CLAPTON

how much do you earn?
how much do you currently owe?
do you use your overdraft regularly?

Apples2

Sounds like you want to Party your way to bankruptcy.

You need a good wedge to waste on Christmas after all, who could deny you that?

Time to wake up and take a good hard look at what you have been doing wrong me thinks.

MFWannabe

Johntea wrote: »

Could anybody offer me advice on the best place to get a £5000 - £7500 loan?

I'm with HSBC but already have a small loan with them (£2500) so they will not offer another, ideally this new £5000 - £7500 loan will consolidate that loan and several other smaller ones including a nasty Payday loan, plus give me a bit of comfort for the (sharply approaching!) christmas period

You need to give us more information:
How much you earn
How much in total you owe
Could very well be that you owe too much in relation to what you owe; so that's why your own bank have said no. Looks like other 'normal' lenders will also say no
You need to post an soa using www.makesenseofcards.com and we can advice you where you can make cutbacks to pay off these debts; not borrow more to get yourself in even more debt

sscott5581

Tesco rates are good, perhaps try them.

jamesd

Johntea wrote: »

Could anybody offer me advice on the best place to get a £5000 - £7500 loan?

I'm with HSBC but already have a small loan with them (£2500) so they will not offer another, ideally this new £5000 - £7500 loan will consolidate that loan and several other smaller ones including a nasty Payday loan, plus give me a bit of comfort for the (sharply approaching!) christmas period

If you're considering payday loans, first look at LendersCompared. That's the site set up by the Office of fair Trading after their investigation into the doorstep lending market and you may well find a better deal there than from the payday loan company.

If your credit record is good to excellent the first stop is trying 0% balance transfer credit cards like virgin. Or 0% for purchase cards and putting all normal spending on the card. You might reasonably expect to be able to get total unsecured credit up to about half of your pre-tax income if you have an excellent credit rating, less the worse it is.