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Did you take out a debt consolidation loan and regret it? Telegraph article

MSE_Jenny
MSE_Jenny Posts: 1,321 MSE Staff
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Debt-free wannabe
The Telegraph is writing an article about the pitfalls of debt consolidation and is looking to interview people who’ve suffered at the hands of debt consolidation firms.

They are paying £50 to interviewees so if you consolidated your debts and wish you hadn’t, please email [EMAIL="roya.nikkhah@telegraph.co.uk"][EMAIL="roya.nikkhah@telegraph.co.uk"]roya.nikkhah@telegraph.co.uk[/EMAIL] [/EMAIL]


Please include your telephone no. and details of what happened.

Thanks :)
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Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    :D im sure they will be inundated with hundreds of us who have worn that t shirt LOL
    :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:
  • rayday2
    rayday2 Posts: 3,960 Forumite
    I emailed in and they rang me back and a photographer is coming round tomorrow morning - what have I let myself in for!
  • Penny2myName
    Penny2myName Posts: 1,614 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    rayday2 wrote: »
    I emailed in and they rang me back and a photographer is coming round tomorrow morning - what have I let myself in for!
    So what time where you hoovering at ??:rotfl::rotfl:

    We all eagerly await your input on how it went
    2026 Goals
    Live below £14000
    Emergency Fund 1 £3k/£1002
    Emergency Fund 2 £200 (works a bit like Premium Bonds)
    Premium Bonds £1k/£700
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    SIPP £9200/200
  • In_Search_Of_Me
    In_Search_Of_Me Posts: 10,634 Forumite
    oo how exciting! Let us know how it goes!
    Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.

  • rayday2
    rayday2 Posts: 3,960 Forumite
    Well its in the Sunday Telegraph tomorrow, I wonder if I will be completely misquoted!

    The photographer was really nice left us a CD of the pictures as he had taken some of hubby and the baby, and the cat! He kept threatening he would use the cat photo!

    Felt really awful when we went on his website and saw that he was last week photographing Princess Dianas brother, hob nobbing with royalty and this week visiting our erm not palatial surroundings.

    8 o clock this morning vacumming btw!
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    The article appears in the telegraph online if anyone wants a look.
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    hypno06 wrote: »
    The article appears in the telegraph online if anyone wants a look.

    What's the link, Hypno?
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    sorry! Forgot to add the link.....

    http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/07/08/nloans108.xml
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • firesidemaid
    firesidemaid Posts: 2,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    rayday

    love your cat and your sofa x
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    I think the article re-inforces what most of us, on this forum, have been saying about consolidation loans.
    It is a great pity that these Companies are allowed to advertise in the way that they do - showing already affluent people, and celebrities, who apparently take out these 'loans', pay off all their debts, and have enough money left to buy a luxury car, or holiday, to kick-start the spending habit again.
    I appreciate that most carry a small-print 'warning' about your house being at risk, usually at the end of the advert, when the 'want-factor' has already been stimulated, but this is purely lip-service.
    I hope, RayDay, that you do not lose your house.
    Nice Cat, by the way.:beer:
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
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