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Credit card/loan Debt

kopite323
kopite323 Posts: 30 Forumite
Hi All
i am hoping someone outthere can help me out with some good advise.

The situation is this, i ran up some debt on my 2 credit cards totalling £6k and i have a loan which has a balance £4400. I live with my boyfriend and our daughter in his house. i can not have my name put on the mortgage yet as his ex wife still has an order on the house, which will soon be removed as he is gettin divorced this month, but i have applied for a loan and just keep getting turned down due to my low income and i am not a home owner. I dont see why i cannot get a loan at a cheap rate. Does any one have a good solution to this?
Any help gratefully recieved.

Many thanks


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WALK ON, NEVER ALONE!

Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    hi Kopite

    How much do you earn?

    I would say the main reason you are getting declined is becsause you have over extended your credit to the ratio of what you earn.

    If you are struggling for money, i recommend you come over to the debt free wannabee board where we can advise on how to get the debt PAID OFF as opposed to SHUFFLED AROUND

    Lynz
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
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