Advice on my debt please

[Deleted User]

asoe209 wrote: »

What do you think?

£6,000 at £180 pm, over 36 months, is 5.1% APR.

Just make sure to check, if there's any penalties for early settlement, of the Online Retailer account.

asoe209

Bedsit_Bob wrote: »

£6,000 at £180 pm, over 36 months, is 5.1% APR.

Just make sure to check, if there's any penalties for early settlement, of the Online Retailer account.

Hi yes there are no penalties for early settlement. So judging by that I think I will try.

[Deleted User]

asoe209 wrote: »

Hi yes there are no penalties for early settlement. So judging by that I think I will try.

Just make sure to close the Online Retailer account, as soon as it is paid off, so there's no temptation to use it again.

asoe209

100% will be as don't need to use it any longer.

asoe209

Morning, just following up with another question really.


Can anyone recommend a place that Is likely to provide a loan with someone with a medium/low credit rating?


Also when taking a loan is it better to say its being used for repayments. or for something like a car, home improvements etc?

chevalier

bit late to the thread, but you mentioned that the online shopping was done with a now ex partner. Can they not contribute something to this debt?
chev

[Deleted User]

asoe209 wrote: »

Can anyone recommend a place that Is likely to provide a loan with someone with a medium/low credit rating?

And the purpose of this loan?

enthusiasticsaver

Presumably the loan is to get rid of the online retailer loan which is charging 39% interest. Normally I would not suggest more borrowing to get rid of existing borrowing but on that interest rate I think it would be sensible to try and restructure it SO LONG AS YOU DON'T PUT YOUR 0% credit cards on it. Try the MSE loan eligibility tool or see if you can get a low percentage loan or better still a 0% credit card to get rid of it.

cms-help

asoe209 wrote: »

Morning all sorry was not able to log on yesterday.

Well in terms of the car, the policy state 5 years and has to be a 5 door, I did question that and my Director did say that the door number is not so much a problem.

The position I am in is a trainee so im not up to the full salary for the job that I do yet, this will increase once I past my final exam. so at present the terms I moved on where staying on my previous departments pay.

Can I just clarify something? In your SOA you stated the salary figure included the car allowance from your company? Is this the case or is your salary actually lower at present?

asoe209

HI I tried that the MSE pages, but my eligibility is a bit ropey of some of them.


The loans that look likely that I would to be accepted for are high interest and requiring an £1500 onto of the loan to be paid back.


I don't want to many search's on my credit file, but I also can not keep up with these payments for to much longer.