Loan to pay off loan

scousejay

Hi I've got myself into a sticky problem I've all ready got a loan, £7000 left to pay on the but I've also got about £7000 on two credit cards? Should I get a loan to pay both off cut up credit card which I should of done in 1st place, which company best to go to or any other advice would be greatful. Am in full time employment.
Thank for your help.

[Deleted User]

Depends on your income and credit history. But on the face of it, further credit looks unlikely.

Gaz83

The problem is that you have £14k of credit, and a bank will look at you borrowing another £14k of credit. Because they've no guarantee that you'll use the new loan to pay off the old ones, they'd assess you as having £28k of unsecured credit. It's very unlikely you'd get that kind of credit from any mainstream bank. What is your income and credit history like?

Jackie132

Since you have already taken loan, and again you are thinking to have loan. So, i would suggest you to repay back the loan after cutting what you earn.

scousejay

I will start paying stuff a friend said use better tax or rift as not claimed for 4 yrs well never claimed. Are these company's any good or should I got a accountant?

iolanthe07

scousejay wrote: »

I will start paying stuff a friend said use better tax or rift as not claimed for 4 yrs well never claimed. Are these company's any good or should I got a accountant?

Sorry, but I think it will be hard for anyone here to understand this post. Could you put it more clearly, please?

dealer_wins

Jackie132 wrote: »

Since you have already taken loan, and again you are thinking to have loan. So, i would suggest you to repay back the loan after cutting what you earn.

scousejay wrote: »

I will start paying stuff a friend said use better tax or rift as not claimed for 4 yrs well never claimed. Are these company's any good or should I got a accountant?

What are these posts all about?

redpete

scousejay wrote: »

I will start paying stuff a friend said use better tax or rift as not claimed for 4 yrs well never claimed. Are these company's any good or should I got a accountant?

Google tells me these are probably companies who charge you to fill in a tax return form. Save money two ways by filling it in yourself - it's really not that difficult, especially as you say you are in "full-time employment" so not self-employed.

Actually, if you are employed what tax refunds do you think you might be due anyhow?.

DCFC79

dealer_wins wrote: »

What are these posts all about?

I thought that myself, been trying to decipher them but I gave up.

redpete

*stalker alert*

Can I refer you to the answer when you asked about Better Tax in August 2012 - claim it yourself. Or the lack of an answer when you asked in August 2013 which suggests no-one thinks it's worthwhile.