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Secured loan
Comments
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Don't get a secured loan
Debt consolidation doesn't work - read the many stories on here of it
Go to the Debt Free pages and seek advice2 -
why not use a spanish bank to get the loan?1
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https://internationalservices.hsbc.com/buy-property-abroad/how-to-finance-an-overseas-property/Trishetta said:Hi and hope you can help. Is it possible to have an English secured loan on a Spanish property that is owned outright? It’s for debt consolidation. TIA
You need to think carefully about debt consolidation.
2 -
I'd never get a secured loan whether in the UK or anywhere else.
Debt consolidation? Never a good thing. (I speak from experience.)
Information in the following link may be of help? https://www.gov.uk/guidance/how-to-buy-property-in-spainPlease note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
I echo the above.
Head on over to the Debt Free Wannabe (DFW) forum board and post an SOA (Statement of affairs - income & expenditure) so we can help?
Just remember that whatever financial mess you are in, no matter how bad you think it is, there’s always a way out and light at the end of the tunnel.If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing0
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