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25k over 10 years

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endemoniada_2
endemoniada_2 Posts: 113 Forumite
Hi,

My SO is looking to consolidate all is student debt (25k) with a lower interest loan over 10 years or more.

He's renting now and having just found out today ( the date of entry) that his mortgage application has been refused because there was no real bedroom in flat) - he wants to stop looking for 6 months or so.

We would really appreciate being sent in the right direction.

Many Thanks

Mo
gone

Comments

  • Anyone know of best lender for this type of unsecured borrowing?

    Many thanks
    gone
  • BONJOEY
    BONJOEY Posts: 819 Forumite
    hihave you tried your bank?
  • Hi,

    Thanks, bank will only go up to 8years, he needs much longer term .

    Mo
    gone
  • PabloNeruda
    PabloNeruda Posts: 1,264 Forumite
    I don't think a consolidation loan is the way to deal with this at all. If I were you I would post a thread on the Debt Free Wannabe forum with a breakdown of what all the debts are. I'm sure you'll get lots of good advice on the best way forward, and I'm sure a loan isn't one of them.

    HTH
    Only when the last tree has died
    and the last river has been poisoned
    and the last fish has been caught
    will we realise we cannot eat money
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