We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

advise

ok we have debt to about 3k and i wanted to know if it was worth us trying to get a loan paying off the debt and paying back the loan at a more affordable price every month?

Debt we have

rossendales £800
westcot £300
rent arrers £800
capital one £500

we do have ccjs and a bad credit rating do you think we would get a loan i really want to clear this debt.

Comments

  • fatbelly
    fatbelly Posts: 23,626 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Difficult one without more info.

    It's really a question for the debt-free wannabee board
  • joeblack066
    joeblack066 Posts: 1,757 Forumite
    Yes this would get more replies if moved. Immediate reaction is if you have rent arrears already, how will you cope with the current rent AND a loan to clear the arrears? Go to the DFW board, post a FULL SOA (See the sticky on how to do it) then let the board advise.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.