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How long does it take to improve Loan Affordability?
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What everyone is trying to tell you is that borrowing your way out of debt is not a good life choice.
Many have done so and failed, in fact they have made their position ten times worse.
You appear to have a history of consolidation loans, again, evidence that this option will not work for you, if these current payments are not affordable, you should be looking at possible debt solutions, or major budgetary changes, not borrowing more money you cannot afford to repay.
I don`t mean to appear harsh, but sometimes you need a reality check, and consolidation has a very bad track record, as a lot of ex bankrupts will testify too.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
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