Re-mortage To Clear Debts??

anh1904

Look at the rates on each of your debts, divert funds to the most expensive first.
On your income, even variable, you should be able to target the bigger interest rate items first, and by clearing one or more, hopefully you get motivated to clear the rest!

Amazing how tiny victories (seeing a statement come through with zero balance) can motivate you to look for extra savings.

Worked in mortgages for 15 years - don't go down the consolidation route would be my advice, it's the "easy" option that means the mortgage companies make so much money, or we end up with a situation like we seem to have in the US just now.

Get focussed, get motivated and get paying off those debts.

tyllwyd

If it was me, I'd start by playing around with a loan/mortgage calculator (there is one here http://www.thisismoney.co.uk/tools-and-calculators/calculators/index.html?in_page_id=86 )

If you phone up and get figures for what it would cost to settle your loans today, and work out how long it is going to take to pay back your credit cards at the current rate, then you can compare the interest you would pay if you stay as you are with what you would pay in total if you remortgaged. Once you have got the figures in front of you to compare, then you can make an informed decision.