Hello my name is Kerry and I am a debtor.....HELP!

Kerrylou_3

Hi everyone. Thank goodness I have found this site. Have got myself in a bit of a mess really adn should not be wher i am. I have a good salary, 2 properties with plenty of equity on both BUT £29,000 debts all on credit cards rangin between 8% and 20% APR.
First thought, i'll get a loan and pay them all off. Tried my bank - they said no. Tried other banks and loan companies - they said no too. Tried extending my mortgage on my 2nd property - they said no. Have tried to open any 0% transfer balabce cards but no from them too! Only thing i have been offered is a secured loan and i am loathe to do that. I have a stupid CCJ from about 4 years ago from a solicitors for £300 which even though it shows as "satisfied" on my credit rating, still seems to affect it.

So basically - i am being crippled by repayents on these cards adn dont really have a way ou at the moment. Any iadvice would be very very very gratefully received.

*Sparkle*_3

Hello and welcome!

Well done for making your first post and i'm sure lots of others will be along to give their valuable advice.

Can i ask what are the 2 properties for? Do you live in one, rent them etc?

Also if you can it would be great if you can post a statement of affairs, this is a list of ALL your incommings and outgoings.

Its really a blessing that you were turned down for the consoldiation loan's, its not the best thing to do.

Best wishes and keep posting

skintchick

:wave: Hi Kerry!

First of all, don;t panic!

Can you post an SOA - see the sticky at the top of the board - so we know what you have coming in and going out, and all your debts?

Then we can advise on the best way forward

southernscouser

Probably a blessing in disguise not being accepted for all these loans.

Wish they had said no to me when I applied! :doh:

Gonan repeat what everyone else has said but post a SOA (see this thread for a guide)

Mrs_Sparkle

Hi Kerry and welcome! First of all don't worry about the loans- it's probably a blessing in disguise as loans were my downfall (as well as stupidity but let's not go there!)

Once you post your SOA I'll have a look and see if I can add any words of wisdom.

Tr@cker

Matched betting profits are irrelevent and suggestive. Go for the secured loan if you really think you can service it.

Anastacia

Tr&#64 wrote: »

Matched betting profits are irrelevent and suggestive. Go for the secured loan if you really think you can service it.

WHo mentioned matched betting. Did i miss something?

Tr@cker

Read the post again dear this guy makes a point of posting it on every thread he subscibes to.

Mrs_Sparkle

Anastacia wrote:

WHo mentioned matched betting. Did i miss something?

I missed it too

Headintheclouds_3

Odd. Are you referring to SS's signature?!

Mrs_Sparkle

He must be referring to the lovely SS's signature. Well, you could do a lot worse than follow SS's example judging by the profit he's making but I didn't see him give it the hard sell...