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Co-op loan

lee2k5
lee2k5 Posts: 21 Forumite
in Loans
Hey,

Just thought I would share my elation that I have been accepted for a £10k Co-op loan. Worked out that this will save me over £250 per month. Bring on being debt free! If you haven't checked out how much you can save consolidating your debts, have a look...

Comments

  • Takeaway_Addict
    Takeaway_Addict Posts: 6,538 Forumite
    Part of the Furniture 1,000 Posts
    I also consolidated my loans to 1 loan that is an APR of 9.9% but I did also cut my credit cards up and close all other lines of credit.

    Consolidating is frowned upon because people run their cards up again but if you do it properly it can be useful
    Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked
  • lee2k5
    lee2k5 Posts: 21 Forumite
    Glad it helped you. I wont just be cutting up, I will make sure all are closer FOR GOOD!
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Consolidation can work, but you have to be very disciplined and address the issues that got you into debt in the first place.
    I used to think that good grammar is important, but now I know that good wine is importanter.
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