paying debt in another country

nicnic87

hey
i have debt in another country out side of the eu.
does anyone know of any company etc that can help me clear my debt. im unable to get a loan to pay it off due to having no credit history in the uk.

Can any one help me please?

jonesMUFCforever

Nobody here in UK can help if you have no credit history. Please do not enter your bank details into any website saying they can get you a loan - they will only steal more of your money.
If you have a job it is fairly cheap to send money back to your country to help pay off your debt there.

nicnic87

I do have a credit history but because ive only being back in the country a year its not "good" at the mo

eskbanker

nicnic87 wrote: »

hey
i have debt in another country out side of the eu.
does anyone know of any company etc that can help me clear my debt. im unable to get a loan to pay it off due to having no credit history in the uk.

Can any one help me please?

Getting a loan wouldn't clear your debt, it would just move it from one country to another! What sort of rate are you being charged on the debt, i.e. are you viewing it as worse than what you'd be paying here?

nicnic87

its 3 different debts. a loan to me would fix the situation because im charged a fee to send money overseas atm. so consolidating it in this way seems sensible

grumbler

nicnic87 wrote: »

its 3 different debts. a loan to me would fix the situation because im charged a fee to send money overseas atm.

It wouldn't fix anything as you'll be charged a bigger fee for sending a bigger amount. If you send the money correctly, the fee you pay is mainly a % of the amount you send. For very small amounts this can be not the case though.
See mycurrencytransfer.com and fxcompared.com

so consolidating it in this way seems sensible

Only if the interest rate you pay here is lower than the one you pay in your country. You were asked about the rate you are paying but essentially ignored the question.

nicnic87

i didnt ignore it i said i have 3 different debts so there all different. also i dont know what the intrest rate is on them

grumbler

Well, then you have to start with finding this out before trying to transfer the debt to any interest rate in UK. With a limited credit history here you are unlikely to get any loan at a really low interest rate.