Bad credit guarantor loans

-taff

Consolidating your loans is a stupid idea. You've already consolidated before and it hasn't worked.
What magic wand do you think will make it work this time?

Have you changed your spending habits? Have you changed your income?

Or have you got deeper and deeper in debt by trying to consolidate before?


Go to the debt free wannabe board for help with this. Leave your aunt alone.

Gambler101

OP whatever you do dont involve your Aunt in your financial mess. If you cant get a loan with your own financial standing, then you have to look at either earning more or spending less.

Posting a full income/outgoings on the "debt free wannabe" board would be a start, and people will give you great advise about how to move forward.

csgohan4

money and family should never mix.


OP don't do it unless you don't ever want family again

jonesMUFCforever

Silverscreen wrote: »

Thanks for the advise. The plan was to replace the high interest loans with lower interest loans to reduce the interest i will be paying really.

Absolute bol**ks!

You think that by paying off your high interest loans with another high interest loan you will be sorted - you won't and your poor aunt will be a lot poorer when she has to pay on your behalf.

There is no cheap guarantor loans - the name ''guarantor'' should tell you that.
If you want cheap loans you need to build up a credit profile by paying what you owe on time without issues.

ViolaLass

Rainbowgirl84 wrote: »

!!!!!! people the Aunt will clearly end up paying.

Not necessarily. I've seen it work IRL and I choose not to judge those I don't know.

csgohan4

ViolaLass wrote: »

Not necessarily. I've seen it work IRL and I choose not to judge those I don't know.

The aunt has more to lose IRL, if it goes bad it is really bad, it doesn't go well either way as guarantor loans are not cheap either.


Just papering over the cracks, OPE get a grip of your debt, otherwise your constantly peeing against the wind and your always going to lose

MEM62

OP Have the decency not to drag your Aunt into you financial quagmire. You cannot borrow money because the lenders view you as high risk. Your Aunt will regret you convincing her otherwise. Show her the respect she deserves and leave her out of it.

ViolaLass

csgohan4 wrote: »

The aunt has more to lose IRL, if it goes bad it is really bad,

Completely agree. This is a risky situation, I'm just saying that it can go well and that I have seen it happen.

csgohan4

ViolaLass wrote: »

Completely agree. This is a risky situation, I'm just saying that it can go well and that I have seen it happen.

how can it go well? Guarantor loans are high interest themselves, OP is paying a loan with another loan, albeit not market leading low interest

jonesMUFCforever

ViolaLass wrote: »

Completely agree. This is a risky situation, I'm just saying that it can go well and that I have seen it happen.

You must be the 1 out of a 100 then where it worked out alright - the rest are on here!