secured loans

fkelanne

hiya all, dont no if this needs to be in this sec but here goes.
WE have a mortgage of abouts 84k
one personal loan for 8k at £391 per month
credit card for £200
and a overdraft for £350
We are wanting to to get a sercured loan to pay off personal loan, c card and od.
But im abit worried that it will affect us when we come to remortgage in june 2009.
We would be wanting about 10k so we have a little left over for home improvments.
Is it worth getting one?
And is there any bad points we should no about?

fatbelly

Try posting on the debt-free wannabee board ... but you may well get a dozen people saying 'don't do it!'

Unsecured debt can be sorted with token offers if needed. If you default on a secured loan you are going to lose your house. It's chalk and cheese.