Taking secured loan to clear outstanding credit card debts

StepChange_Patience

Elfuego said:

Thank you all for your help on this. I have called the company who I might say were very convincing to cancel it now and got a plan in place with Stepchage that I am going to finalize in the next couple of days. 

Hi there

It's lovely to see everyone's kind support on your post and it's great to hear you're in the process of setting up a plan with StepChange.

Sometimes taking out debt to 'consolidate' debt can feel like the only way out, but in some circumstances it can make things more difficult or have greater consequences for reduced or non payment if it's secured against a property.

It sounds like you're on a great path to start becoming debt free. 

If you have any questions, don't hesitate to get in touch. 

Take care.

Patience