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high APR

sony_eric
sony_eric Posts: 38 Forumite
hi all, i had my light bulb moment last week and have started to get myself sorted.
looking into the borrowing i have, one loan is at 26.2 apr with 3 years left. should i look into changing for a lower apr?
but the trouble is i have a really bad credit history. HELP!!!

Comments

  • chilli_dog
    chilli_dog Posts: 843 Forumite
    if you have a bad credit history you have got no chance of getting an unsecured loan. pop across to the debt free wanna be board and post there with your income and outgoings and you will get some good advice.

    Well done on having your lightbulb moment!!!
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    sony_eric, please use the debt-free wannabe board - the people there will help to work out your best options.

    Alan, suggesting secured financing (the homeowner restriction in your post) to someone with debt problems is inviting them to lose their home and is likely not to be their best option. At present we do not have sufficient information about the overall state of the finances to be considering that option.
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