Consolidation

Shane_R

Hi all, this is my first post and looking for constructive advice please?
My past finance management hasn’t been spectacular but have since learnt a lot (still more to go). Long story short, my credit score has been low for the past 6 years due to bad decisions back then. I’ve now managed to recover my credit score to 855/1000.
During the past 6 years, when i needed finance, I’d agreed to some seriously high interest rates but now want to consolidate to a lower rate to pay back quicker and actually give me some breathing space to start putting some aside in savings.
My question is, are there any lenders that will actually sit down with you and look at everything that needs consolidating? or are they purely expecting to make a decision based on additional borrowing rather than restructuring? I haven’t found another thread with this question so apologies if it has already been addressed.

[Deleted User]

Unless you're consolidating with a lender who already has most of your debts, they will consider it additional borrowing.

None of them will look at your credit score, just your credit history and your circumstances.

Post on the DFW boards for advice on getting your debts down.

dresdendave

OP, take heed of the previous post, particularly the last line.

Slash your spending and/or increase income, throw every penny you can at the debts, concentrating on the one with the highest APR, min payments for the others.

Don't waste money by saving it, make it work for you by reducing your debt.

Shane_R

Thanks for your input guys! it is appreciated �� I’ll head over there now!