i have never missed any payments in years i just need to consolidate but they think i'm overstretched, i don'e have anything to secure it against
2006-10-29 20:23:22 · 5 answers · asked by barrytapscott 1 in Business & Finance ➔ Credit
right, well the best thing i can recommend is speaking to a financial advisor. i work for one. he is very good. if you email me i can give you his details. he specialises in debt consolidation, and he does deal with unsecured personal loans.
Now to be honest, debt consolidation without using a mortgage is very expensive. as a mortgage is the cheapest form of lending. with rates as low as 4.99% fixed etc...
but for an unsecured loan there is higher risk for the lender, therefore they need to bump up their interest, which depending on the amount you borrow can be a lot. even up to 10% or more.
i dont recommend any of these web sites, such as dial4aloan, and things like. they are usually cowboys, and a lot of them are not regulated by the financial services authority.(FSA).
Usually a bank or building society is the best place to go as a lender. but you can get the best deal based on your circumstances via an IFA.
good luck
2006-10-29 20:32:06 · answer #1 · answered by Emma B 2 · 0⤊ 0⤋
Depending on how much money you need, it is hard to get an unsecured loan. If you do, the interest will not be very low. Even if you have perfect credit, if your credit report shows that you are overextended, good luck getting a loan anywhere.
2006-10-31 23:26:45 · answer #2 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Apply online at www.surefirefinance.co.uk they can help with loans for very bad credit and get the best rates for good credit.
2006-10-30 05:12:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not sure but try www.zopa.co.uk where anyone can lend or borrow at rates to suit them.
2006-10-30 04:26:53 · answer #4 · answered by losparx 2 · 0⤊ 0⤋
Ever tried : http://www.zopa.com/ZopaWeb/
Borrow from your peers, stuff banks.
2006-10-30 04:26:28 · answer #5 · answered by Barbara Doll to you 7 · 0⤊ 0⤋