consolodation loans

screenplay

hi new to the forum could do with some help/ suggestions..at present i have two unsecured loans one is for 10k the other is for 20k im paying £613 per month for both loans over 10 yrs loans are with different lenders..i have good credit rating and would like to restructure the loans over a longer payment period and consolodate to one lender any suggestions as to how i could do this or as to who could do it...many thanks:)

BugsyBrowne

screenplay wrote: »

hi new to the forum could do with some help/ suggestions..at present i have two unsecured loans one is for 10k the other is for 20k im paying £613 per month for both loans over 10 yrs loans are with different lenders..i have good credit rating and would like to restructure the loans over a longer payment period and consolidate to one lender any suggestions as to how i could do this or as to who could do it...many thanks:)

So you have 20k on 1 loan and 10k on another loan which with you just 1 loan to consolidate these debts.

So you have 30k of debt and want to borrow another 30k, I take it your on well over 100k a year if not you won't be asking this?

Blitz01

screenplay wrote: »

hi new to the forum could do with some help/ suggestions..at present i have two unsecured loans one is for 10k the other is for 20k im paying £613 per month for both loans over 10 yrs loans are with different lenders..i have good credit rating and would like to restructure the loans over a longer payment period and consolodate to one lender any suggestions as to how i could do this or as to who could do it...many thanks:)

As said, unless your income is £100K+, you have absolutely no chance.
Even with that income, it is doubtful, as you could theoretically have £60K worth of debt. There is nothing stopping you just wasting the additional £30K on a horse race.

Peelerfart

Consolidation loans are very difficult to get in these times for exactly the reason above.

The banks don't know that you aren't going to blow the lot on a car and a holiday.

iolanthe07

£25K is generally the absolute limit for an unsecured loan, and these are only offered to high earners with an impeccable credit history.

KingElvis

Wow, that would be some loan.