We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bad credit need loan wish to clear debts fast.
Hi
I need a loan of between £6,000 (minimum to consolidate debts) and £10,000 (maximum to give us breathing space).
We have poor credit history and are soon to be starting afresh we are trying to find a sympathetic ::) lender who will consolodate all our debts into one low repayment so we can clear them as fast as possible. We can only afford to repay a maximum of £200 per month but just want to get shot of the debts so we can move on into being debt free and actually saving money.
Will this work best on a loan or a 0% credit card over longest period? ???
Anyone know of a good lender who understands and not just grabs money?
Heddwen
I need a loan of between £6,000 (minimum to consolidate debts) and £10,000 (maximum to give us breathing space).
We have poor credit history and are soon to be starting afresh we are trying to find a sympathetic ::) lender who will consolodate all our debts into one low repayment so we can clear them as fast as possible. We can only afford to repay a maximum of £200 per month but just want to get shot of the debts so we can move on into being debt free and actually saving money.
Will this work best on a loan or a 0% credit card over longest period? ???
Anyone know of a good lender who understands and not just grabs money?
Heddwen
0
Comments
-
Hewdden
If you sell your house for more money, your question becomes irrelevant ::)
Ring some other Estate Agents NOW!!!!!!Debt Free!!!0 -
Hi Amillion
As I have said before I would love to but its too risky. It would be ok if we werent in the situation were in already (I know you know what I mean from my other threads) but we're not.
Thanks anyway for the encoragement I only wish we could be totaly debt free to start with a sparkly clean slate!
0 -
Hi Heddwen
There are no "sympathetic" lenders out there - that's not the nature of the game.
I would suggest that you borrow the absolute minimum that you need, over a short period (say 3 years). Do not borrow excess.
You should be able to live within your means once you have moved to your caravan - if you cannot then you are going to find yourself back in the same situation as before. If you are disciplined you may be able to save a small amount each month.
Good Luck0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards