Consolidation loan asap bad credit

EssexHebridean

Pop over to the DFW and fine the link there for the SOA (Statement of Affairs) calculator. Fill that in and post it into a thread over there with the same summary of the situation you've put in here and we'll take a look and see what can be done.

The key to this is a) Put in place a workable budget and stick to it, and b) cut up any credit cards you're using currently. without the first of those though the second is not going to be possible.

Bear in mind if you have any ambitions to get a mortgage in the future you need to get rid of the Payday loans ASAP, and NOT take out any more - these can be the killer for being accepted for mortgages.

Money_Rollercoaster

If it helps, there are loads (really, LOADS) of threads by people who have hidden debts from their partners, parents etc and actually when they have got things off their chest, the world hasn't ended.


My wife knew we had lots of things but I kept quiet how much those things cost and how they were paid for ... she used to say, was it expensive? I'd ask what's expensive? and she would reply £50 ... most things I bought would have counted as being ludicrously expensive in her book ... Anyway, after years of struggling with it all (the debt that is, not my wife .. she's lovely) I 'fessed up and it was all fine. Sure, life's different without access to the kids, but ... sorry, joking again!


You're in a bind, for sure. You're certainly not the last to be in that sort of position, so let's see if we can't find a way to get you a plan of action. Follow the advice above and post back in the DFW sub-forum some more specifics, including your SOA ...


http://www.stoozing.com/calculator/soa.php

motorguy

PeacefulWaters wrote: »

Bank of mum and dad to pay off the pay day lenders.

Get a grip of your overspending to deal with the underlying problem. Only you can do this.

Stop applying for credit of any sort.

Talk to your other half about it for moral support.

I would be strongly adverse to this sort of approach

Why should the O/P rack up £4,000 of debt then simply have his parent pay it? Wheres the ownership there or the incentive not to do it again?

The O/P needs to OWN they're problem, and get help. As has been recommended talk to Stepchange or Payplan to get this sorted out responsibly and in a controlled manner.

My sister was terrible with money when in her teens and twenties (and still isnt great with it but shes married now so its her husbands problem). She'd rack up credit card debts or loans she couldnt pay, eventually admit it and then burst in to tears, feign remorse and my dad would sort it out. This cycle would then happen every couple of years and by dad would end up bailing her out - usually under duress but it did happen.