Loan Advice!

wicked7

Ok, I haven't posted in here much before but I was after a bit of adivce.....

I currently have approx 5K of debts over 2 credit cards, and an online catalouge. The interest rates are really high on both cards (Capital One and Vanquis) and at the moment all I'm doing is paying the minimum payment on both of these and the catalogue.

I would really like to get some sort of loan to pay off all of these and have one monthly payment (hopefully at a slightly lower amount) as at the moment all my extra money after my outgoings is basically going to pay these off leaving me with very little to live on.

My credit rating is in the pooper (very low according to my Experian Score) and so getting a decent loan is not an option as they won't even look at me. I looked into getting some sort of debt consolodation loan online and it just puzzles me. I don't know which sites are offering loans or if they are offering a Loan finding service which they will then take money from you for and you are left minus money and no loan.

Now i'm not being lazy and don't want people to think I just can't be bothered looking but can anyone tell me if there are genuinely any companies out there for people with bad credit who would give me a consolodation loan? Or is my only legitimate and safe option to go into some sort of DMP? At the rate of interest I will NEVER and I repeat NEVER get these paid off

DCFC79

You need to work out what you have coming in and what your outgoings are and that way you can work out how much to pay, you pay off the cards with the highest %. Id cut the cards up now so it will help.

[Deleted User]

if you have existing debts plus a low credit score,then any loans(if you can find one)will also be at very high interest rates
and please stay away from brokers as they will take your money and provide zilch
have a word with your bank,they know how you run your financial affairs,if they say no then forget it,just pay off as much as you can each month