DOes this seem logical?

Cheshire007

The board speaks sense and I appreciate the advice.



Thanks for the help

On a side note a few people mentioned Credit Unions and I'm intrigued as to how they work. May come in hand in the future if I need further credit and don't want 26%ish apr.

Thanks

R_P_W

Just pay off the debt with your savings... that is the ONLY LOGICAL thing to do.

You suggesting getting a loan with that level of interest is CRAZY when you have the money to clear the debt today...MADNESS!

I would strongly suggest that you get the idea out of your head that having access to yet more credit is a good thing - i really dont think it is.

Pay your debt, save as much as you can - that is the best way to demonstrate to the bank that you can handle the mortgage.

Niv

If you can save 12k by December (you say it is realistic), I think you would be better off paying your 3k from your savings and postponing moving until March time, by which time you would of saved your extra 3k again AND have no debt at all (not even a stupid loan at 32%), December is a silly time to move anyway imo.

Niv

CLAPTON

pay off the debts now ; today would be sensible