We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can you help ? -Secured loan Black horse

Options
13»

Comments

  • Apples2
    Apples2 Posts: 6,442 Forumite
    natalie18 wrote: »
    it's their interest so nothing really paid off :(
    Ahhh the old "Front Loaded Scam" again is it??:tongue:
  • step charge can't advise me anymore than I have already have done just confirmed it all
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    you're.......

    You're a pedantic bunch?
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    To be serious the moral of the tale is to consider terms of borrowing and rates and possibility of repayment at the time of taking the money. Very large secured loans are rarely a good idea as you obviously lose your property, if it was unsecured then walking awa and defaulting would only trash your credit record for six year.

    Your circumstances may have changed but that just reinforces the fact that avoiding debt is a good idea, you continually become a worse risk, making borrowing less likely and more expensive.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.