Announcement

Collapse
No announcement yet.

Advice regarding Debt consolidation loan

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • Xenon17
    replied
    Hi! By allowing users to securely connect their financial accounts to various services, the Plaid app provides a great way to take control of their finances. This means everyone can easily access all their financial information in one place without having to navigate through multiple websites or apps. Everyone can read about all the features of this application here https://plaid.pissedconsumer.com/customer-service.html and it will become clear whether this application will be useful for you.

    Leave a comment:


  • FREEDDAWG
    replied
    Hi! I was also recently looking for a company that could give me a debt consolidation loan with a low interest rate. It took me a whole lot of time to find such a company, but in the end I was lucky enough to come across myloanquo reviews. After reading the reviews, I realized that I could trust this company and in the end I was not mistaken, because these guys helped me get rid of my debt.

    Leave a comment:


  • gringo
    started a topic Advice regarding Debt consolidation loan

    Advice regarding Debt consolidation loan

    Hi all,

    Debt info:
    £3k personal loan, final payment due next month
    £6k in high interest credit cards, 30%+ APR.

    I know the correct answer to this post is "Discipline yourself better!" which is actually what I'm trying to do, but I want a clean slate to do so. I've made some poor choices and while I've stopped it getting any worse I feel like I'm stuck in mud I can't climb out of. I make payments on time every month but my credit utilisation is nearly 95% and my credit score is crap, maybe 450 on experian.

    I think a partial negative factor is that the original £3k loan was used to pay off some cards, the accounts of which I immediately closed thinking it would make my credit score better, but it had no result. This all happened years ago during a time when my family were under a lot more financial pressure and the debt built over years on very high interest credit as I had no other option.

    For my own peace of mind and to allow me to start saving so that unexpected expenses can be paid without having to use credit, and to also demonstrate lower credit utilisation I am planning on a debt consolidation loan to cover all the credit card debt. The interest rate I've been given for the loan is equal the interest rates on the £6k card debt.

    I essentially plan to then cut the cards on all, keeping the accounts open, apart from 1 card which I'm going to use for usual essentials and pay in full each month.

    My questions are:

    - Is completing the £3k loan next week likely to get me noticeably better rates if I wait a month or two?
    - Is this idea I have of paying off the cards with the loan, then keeping the accounts open so my overall credit utilsation is low actually going to help my credit score much?
Sorry, you are not authorized to view this page

Home Page

Immigration Daily

Archives

Processing times

Immigration forms

Discussion board

Resources

Blogs

Twitter feed

Immigrant Nation

Attorney2Attorney

CLE Workshops

Immigration books

Advertise on ILW

EB-5

移民日报

About ILW.COM

Connect to us

Questions/Comments

SUBSCRIBE

Immigration Daily



Working...
X