Rocket147
Registered UsersChange your profile picture
-
Posts
2 -
Joined
-
Last visited
Reputation
1 Neutral-
Hiya debt has all been accrued in the last couple of years. 2 X loans with Barclays and Natwest, and credit cards with cap one, barclays and natwest. All are still with original creditors and non are currently in arrears
-
Hi I'm new to this so be gentle! I've amouted a massive amount of debt in the form of personal loans and credit cards 45k. Ive approached my mortgage provider and they wont remortgage to clear said debt even though I have more than double said debt in equity. My problem is repayments are now killing me and i'm struggling to survive, currently all accounts are up to date but its a struggle. My question is what are peoples thoughts on a secured loan. or going for a dmp to reduce my payments but ruin my credit worthiness in the process. Is it worth putting my home on the line for debt that is unsecured? Is going on a dmp worth all the hassle of phone calls etc from creditors. I could afford 600 per month comfortably on a dmp but at the mo my payments add up to £900 and this isnt sustainable especially as these a barely putting a dent in the credit card debt. Been to see a broker today who found me a secured loan to clear all debt at 7.1% but there is a voice in the back of my head telling me its a bad idea to secure said debt against my house. Which way to go? Any thoughts much appreciated
Latest
Our Picks
Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS
The Consumer Action Group
×
- Create New...
IPS spam blocked by CleanTalk.