Getting a loan to pay off debts

Dusty111

I owe £4,000.00 to about 4 different creditors and then £1,000.00 to my parents. I can't take out a loan as I have bad credit and need to pay this off as the stress is getting too much for me. I work full time but I pay out most of my money a month on my house. I can afford to pay about £100 a month, but I dont think companies will take in to consideration the £1,000.00 I owe to my parents? Any advice will be greatly appreciated. Thanks.:(:(

talana

Getting a loan wouldn't pay off your debt of course, merely shift it.
And by the sound of it you won't get a sensible loan anyway.

My advice, go over to the debt-free wannabe board and find the link to a statement of affairs (SOA). Fill one out as fully as possible, post it on the board and people will be able to offer advice on the full picture.

thatsean

Go to the DFW board. With bad credit you won't get decent rates, and frankly the whole thing will spiral. As talana says; post up an SOA and we'll help with any other options that might be viable.

_Andy_

Getting a loan to pay off debts

can't take out a loan

There we go then.