Consolidation

xstardustx_2

Hi, Im new

Im looking for some help advice.

I have about 8 small 'debts' (store cards/catalogues/paydayloans/etc.) and Id love to borrow about £3000 over 2yrs to get the bulk of them paid off.

My problem is that nowhere will give me this loan as I have poor credit due to not being able to keep ontop of all these small ones.

Where can I get the loan I need?

unimaginative_user_name

If your credit rating is so poor you are very unlikely to get any kind of loan for £3000 and if you do the interest charged will be huge. Most people don't recommend consolidation loans as they lead to more debt.

You say you are struggling to keep on top of small debts. Is this because you don't have the money each month for minimum payments (or preferably slightly more than the minimum) or is an organisational issue with forgetting to pay bills on time. If it's the former post your statement of affairs on here and folk will be able to suggest cutbacks. If it's organisational set aside a couple of hours to arrange direct debits to pay the minimum (or more) and at least that way you won't be stung for late payments.

You could also enter all your debts into a snowball calculator along with all the interest rates and it will recommend which loans to pay off first. Sorry, but I can't post the link for this as I'm fairly new to the forum.

DCFC79

xstardustx wrote: »

Hi, Im new

Im looking for some help advice.

I have about 8 small 'debts' (store cards/catalogues/paydayloans/etc.) and Id love to borrow about £3000 over 2yrs to get the bulk of them paid off.

My problem is that nowhere will give me this loan as I have poor credit due to not being able to keep ontop of all these small ones.

Where can I get the loan I need?

Post on the dfw board and post an soa for your finances,

chevalier

this is a good tool to see your income and expenses

http://www.makesenseofcards.com/soacalc.html

good luck
chev