hsbc

tinkerbell1978

ok i have a managed loan with hsbc with 137.00 left to pay off soo hopefully that will be all paid by end of may at the latest.

that leaves me with two debts of 500.00 each before im debt free i was wondering if my bank would consider another managed loan after i have paid this one off which would clear either one of the debts or both and then carry on with them like i have been with this one nut obviously paying a larger amount each month, but how do i go about doing this do i just go into the bank after i cleared my current managed loan and ask them for 500.00/1000.00 to clear my credit card/s ??

Moonbeam

You could do that, but if you are going to be better off every month and this is to clear credit cards, why not switch credit cards to a lower rate APR (0% if possible) and just throw more cash at it - i.e. the amount you're currently paying to your loan....

monneyspinner

As an ex-HSBC employee, unless things have changed since I left, a managed loan is only used to consolidate any existing debts you would have had with HSBC and they would not usually consider any external lending you owe elsewhere.

tinkerbell1978

thank you!!!!!!

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