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What to do if you have many loans from private money lenders?

One of my relatives has quite a few loans from private money lenders at high rates of interest. What is the best possible way to repay all the loans in one shot by taking one loan from some bank?

Comments

  • Apples2
    Apples2 Posts: 6,442 Forumite
    You having a laff??

    You answered your own question although to borrow money from Fat 'Arry suggests nobody else will lend in any case.

    If it is a Relative, perhaps you could all club together and bail him out between the lot of you. If that doesn't sound like a plan, watch him get his kneecaps broken and keep your money in your pocket.
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