loan advice

paulyg

im back on the ladder re finance
i had an iva in 01 but cleared now

my mrs owns has the mortgage on the house


now i earn good dough and want to pay some of her bills/move to a cheap card to help her as a surprise

i asusme i shouldnt apply to companies i had in the iva for a loan / credit card ?


i have ccards with vanquis and cap one but the limits are low but i have never missed any payments in two years
do i apply for a little loan say 5 k first or go straight for 8k ?
who s

who is best for loans/cards ? my iva included mbna barclaycard and co op

thanks for anyone who can help

CLAPTON

if you earn good dough why can't you save money or just give her the surplus to pay her debts?
how much does she owe
how much do you owe

paulyg

she owes about 8k

it will take a while to pay that off i could pay bit off it yeah but would prefer it all wiped off

i owe about 1500 on the cards

i also have ajob that will give me a bonus at xmas that willbe 6k plus so the lot will be done by then bbut she is worried a bit - we only just got back together

paulyg

also i want to see what my credit worthyness is like tbh

my files are all clear but i heard they basically dont want to lend money these days which is a bit odd

chalkie99

Taking a loan isn't going to wipe the debt off - just move it.

I'm surprised that someone who has been through an IVA now has credit card debts and is considering a further loan - it seems like slipping back down the slope.

Christmas bonus is a long way off and a lot can happen between now and then with all sorts of things including job security.

If you want to please her, pay down your credit card and give her something towards her own payments.

Sorry to sound so negative.

paulyg

appreciate what your sayin but surely there comes a time when you want a "proper" credit card ?

which vanquis and cap one aint

how else do i get on the ladder ? or do i stay off it ?

Hax

paulyg wrote: »

appreciate what your sayin but surely there comes a time when you want a "proper" credit card ?

which vanquis and cap one aint

how else do i get on the ladder ? or do i stay off it ?

Until you are clearing your Vanquis and Capital One cards in full each month, I'd stay clear of getting any more debt. The interest rates on those two aren't the best and you must be leaking quite a bit of money between them.

Get your own house back in order first and then think about helping out your OH.

KingElvis

Yep, a balance on a Vanqp*ss card is not the best way to go, I would clear that puppy.

Peelerfart

After all is said and done even a "proper" credit card is just an instrument which potentially could lead to "proper" debt.

Save don't Borrow

paulyg

cheers all