Advice please

catbar09

I am looking to consolidate my loans and debts into one payment but I also want to clear it as soon as possible.
I owe £9000 loan to Halifax, and £7000 to my mum.
I earn £1000 a month and only have to pay £50 towards car tax a month, £100 fuel and £30 phone.

Atm I pay £200 to mum and £223 to the bank a month.
I think I can. I somehow seem to be still struggling with this!

I really want it all gone and I am currently starting avon to try and bring some more money in.

The loan I have with halifax is not one that I can make bulk payments on.

Ive worked out that I could pay £500 a month off the loan.

Has any one got any suggestions about this or where I could get one from?

Thanks
Cat

MFWannabe

You won't get a new loan for 16k as you owe more than you earn.
Best thing you can do is up your income to be able to pay more off your debts.

talana

The loan from your mum is presumably interest-free anyway, so why would you want to consolidate it at all?

Ive worked out that I could pay £500 a month off the loan.

Ok, and at the moment you pay a total of £423pm to both loans.
With the extra £77 you can either up the repayments you make to your mum or save it up every month till you get a lump sum.

What apr is your Halifax loan at the moment?