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2 loans + overdraft :s

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Comments

  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 12 August 2012 at 6:34PM
    The fact you have debts of over half of your salary is the key, you wont get a loan to consolidate the 3.

    Any parents who could loan you the money to pay the debts off ?
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    kat86 wrote: »
    Im not paying any less off my debt for the wedding

    Except that the money you're saving is money that isn't coming off your debt so you're paying interest on it (and much more interest than it will be earning). Why not get married in a couple of years' time?
  • kat86_2
    kat86_2 Posts: 14 Forumite
    DCFC79 wrote: »
    The fact you have debts of over half of your salary is the key, you wont get a loan to consolidate the 3.

    Thats pretty much what I was wanting to know, My plan was to just pay off the loan in april then focus on my overdraft so Il stick with that. If i put off the wedding untill my debt was paid off it would be 5 years which if the debt was making me struggle I would put. The wedding is cheap and not getting me in any debt and its putting off me paying off my overdraft by 10 month rather then putting off my wedding for 5 years
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    what are the details of your current debts
    i.e
    amount, APR, monthly payment, number of payments left
    and OD details fee, APR, monthly interest
  • kat86 wrote: »
    I am paying for the wedding without getting myself into any more debt its better then most and i can pay the loans off and pay for the wedding the way i am. I was just wondering if there was a way I could pay for everything together rather then paying seperate interest on both loans and overdraft. Im not struggling for cash just trying to find better ways of paying off what i owe
    IMO No.....
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