i need to get a loan.help?

Question

where is the best place for me to apply for a loan?i dont own my home,i work part time.i want to put all my debts together in this loan as i am struggeling at the moment.

i do not live with parents.on my own with kids.

Answer 1

It all depends how indebt you are.

If you need upto £5,000 then your bank will be the first port of call.

If you owe more than £15,000 you could enter into an IVA (individual voluntary agreement) to reduce your payments and potentially reduce the amount you owe.

I am a financial adviser, any local adviser or CAB could adise you if you give them your details, income, expenditure, budget planner etc.

You could contact me in confidence [e-mail]

Answer 2

Consolidation loans are not a good idea. You pay more in the long run.

Taking on more debt when you are already struggling is possibly the worst thing you can do right now.

Instead, try to come to arrangements with your individual creditors (the people you owe money to) about how much you can pay them back each month.

All the big credit card companies and banks have debt advice people so make that call now!

Answer 3

If what you're looking for is a way out of debt your first port of call should be your local council's website. Once there, you should be able to click around until you find the section which deals with overcoming debt. Alternatively, you can check out your local Thompson's directory, somewhere in the front few pages you should find an advice line to contact.

Borrowing more money to pay off debts is not a good idea. If its credit card debts you want to deal with, the first thing to do, right now, is cut up all your credit cards and burn them. The regular standing orders you pay to them monthly via your bank will take care of the problem, but slowly and only if you do not have any more cards ever.

Please seek professional advice, not from a TV ad but at your town hall.

Answer 4

If the problem is debt, getting another loan will not help. It only transfers several bad loans into one bad loan. Keep in mind that if you have bad credit, you will likely not even get approved for a loan big enough to consolidate all of those debts.

If you are struggling with debt, you may wish to consider credit counseling. I recommend finding an agency that you can trust that has a satisfactory rating with the Better Business Bureau.

Answer 5

If you don't own a home it's not so easy. You can go to a credit counselor who will negotriate low or no interest rates on all your revolving credit and then consolidate all the new payments for you. It's not a loan and you still owe each creditor seperately, but the counselor will send you one bill and then distribute the funds for you. Many times this will cut your credit card bills by 40-60%.

Answer 6

debt consolidation can be a good idea and put a stop to nagging creditors. given your circumstances you can apply for an unsecured loan (which is good because the loan is not fixed on any of your assets.) here: http://www.advantageloansuk.co.uk

you can also find out more details concerning loans and debt consolidation on that site, too. Worth a look.

Answer 7

Try www.surefirefinance.co.uk they may be able to help but usually you have to be in full time employment to get a loan.

Answer 8

Halifax, Tesco, Abbey National, Cahoot but NONE of those ones you see advertised on daytime telly, Ocean, Purple etc etc, they have HIGH interest rates.

Answer 9

Part Time, living with parents very doubtfull you will get one but try - http://www.clickcompare.co.uk/loans.html?mailReferrer=100314_loan&gclid=CJW515DQ_YgCFSoMQgodkjVxBA

Good Luck

Answer 10

natwest