High interest rate

TLR_2

Hi,

I'm not sure about doing this, I'm not comfortable dealing with credit cards!

I will try moneysupermarket and see who else they suggest for me to try, MoneyBackBank were horrific to deal with though

T

ohmsoft

Very similar to the way my debt started so be wary - but I won't preach.

The 10% may be cheaper than the 12.9% but dont forget that if your new loan is to be over a longer term than is currently outstanding with Lloyds you may well pay more interest overall.

TLR_2

Hi

Thanks for the sound advice.

However I should be able to pay off the full balance of the loan quite early into the loan (I'm going for ones with no redemption penalties) but I'm not counting on it and can easily afford the monthly repayments.

T

mrmajika

TLR wrote: »

Hi,


(There's £2000 left, no early redemption fee, so I thought I would make a big saving by paying that off)

There is an early settlement fee of 58 callendar days worth of interest to be added.