income/consolidation loan ratio

[Deleted User]

Sorry, missed a word out there. :embarasse

I meant, how much are you currently paying, toward your debts, per month?

Danger.Mouse_4

£170 for loan
£250 for c/card (min payment £205/interest £108)

gb12345

A loan for the total amount is out of the question based on salary.

If you could get a 0% balance transfer card then you could transfer the current CC balance (or some of it depending on the limit you get) on to that, which would save you interest each month. You could then chuck the saving at the loan as overpayments (if they allow it).

[Deleted User]

TBH. Even if you could get the loan, it wouldn't really be worth it.

A £10,700 loan will cost you around £250pm, over 4 years.

Continuing to pay the £420, after the loan is finished (in just 12 months) you can have the whole lot gone in 32 months.

Do you really want to paying your debts for 16 months longer than necessary?

Danger.Mouse_4

Do you think I would have any luck with my existing credit card company saying I'm looking to transfer balance elsewhere, for them to reduce the rate to a life of balance offer normally given to new customers?

Fishingtime

Danger.Mouse wrote: »

I have a good credit record with practically zero missed payments

How is this possible ?

Danger.Mouse_4

Danger.Mouse wrote: »

Zero missed loan payments.
Once or twice several years ago I paid credit card few days late otherwise always on time.

No actual missed payments.