someone in know????

Ali.Rosen

Hi everyone.

Here is what i owe

4900 egg loan 7.9% APR -pay 120 per month
5700 Cahoot loan 14.9 APR -pay 117 per month
1400 Halifax credit card (at the mo its 0% until oct then it goes to about 20%)

My current account by halifax is -£700 (i have a £1000 overdraft)

Right now here's the story. I'm moving from the north down to london for a new job. starts in a couple weeks. I really really want to organise my finances and be able to move hassle free.

I wanted to combine all my debt and have on payment for around £150, well i cant do this as my credit score is quite abit messed up from over applying for loans.

A few people on here keep telling me to stop applying and start paying off. OK, i think that would be the right advice if I wasnt planning a move.

I have been accepted by halifax for a loan of 8000 with 10.9% APR. I figured i'd apply for that as my last chance and this would cover the cahoot at 14.9% and also pay off my credit card. (I told the girl on the phone i did expect a lower apr as halifax customer, she said the only thing i could do was go into my bank and explain my circumstances)

My question is

In my situation do you think it would be the right move to take on this loan and pay off the cahoot and my credit card?

Do banks normally look at personal circumstances?

I'm thinking this would allow me to get back on my feet while i'm down in london (I also have a payment of £300 to my parents for my car which they have allowed me to put on hold, so I'm looking to rent for the approx same price)

thanks