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Best Company for Loans (Stable Credit)
Scoobs2006
Posts: 39 Forumite
in Loans
Hi Money Savers,
Just want some advise on loans for someone in my financial position. My credit report is stable at the moment & i pay all my bills on time. My annual income is not great at the moment as working 30 hours while my son is little. I want to consilidate some niggly debts i have.. looking to borrow around £3,500. Best companies in your opnion.
Just want some advise on loans for someone in my financial position. My credit report is stable at the moment & i pay all my bills on time. My annual income is not great at the moment as working 30 hours while my son is little. I want to consilidate some niggly debts i have.. looking to borrow around £3,500. Best companies in your opnion.
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Comments
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It depends on your income, current debts and credit history.
Try an eligibility checker to see what options you have.0 -
Scoobs2006 wrote: »I want to consolidate some niggly debts i have.. looking to borrow around £3,500. Best companies in your opinion.
This is the only company you need :
https://www.stepchange.org/
Read this by Dave Ramsey :
https://www.daveramsey.com/blog/debt-consolidation-truth
It was written for an American audience, but the principle is the same.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
If you have standing orders/direct debits, what does it matter if you are paying 15 "niggly debts" or one non-niggly debt?
Change the payment dates so they all come out on the same day, so you will end up paying less and for shorter time as they will be paid off quicker.
You cannot borrow your way out of debt0 -
If you've got niggly debts, then pay them off. If you're finding tis difficult, go to the debt free wannabe board for help with your SOA,Non me fac calcitrare tuum culi0
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As suggested a loan will just prolong it. Have you looked at your spending and cut back ? You mention a little son so os the father paying maintenance ?0
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If you need to consolidate you dont have stable credit lol0
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