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Loan help

Discussion in 'General Discussion' started by area51_for_psx, 8 Mar 2006.

  1. area51_for_psx

    Wise Guy

    Joined: 22 May 2004

    Posts: 1,720

    Location: N.Ireland

    Hi guys

    Looking a bit of help. I am looking a £13,000 loan to pay off all my debts. I havent a great credit history and dont own a house I live with my parents.

    Anyone know any companies that will help me out? Even if the Apr is a bit high? I earn about £14,000 a year looking to pay around £300 over 5 years or so.

    Gareth
     
  2. Borris

    Caporegime

    Joined: 25 Oct 2002

    Posts: 30,410

    That workd out at an APR of about 13% - not completely unreasonable.

    I assume that your current debt is all at a higher equivalent annual rate (I won't use APR, as it's a non-standard and often proprietary calculation)?

    Try the Rpoints forum for loan provider suggestions.
     
  3. tenchi-fan

    Wise Guy

    Joined: 18 Oct 2002

    Posts: 1,011

    Location: Ireland

    On the minus side:
    Birthday: 8th Aug 1985
    Credit History: Poor
    Homeowner: No
    Income: Low

    On the plus side:
    Rent: Low
    Bills: Low

    Company that could help you out:
    McDonalds
    Tesco
    Local pubs...
    ... and basically any other parttime job that will supplement your income.

    People that could help you out:
    Mummy
    Daddy...
    ... just give them your bank card and say "ok parents, you know best... take control of my finances and only give me £80 a week to live on."

    If the £13,000 loan includes student debt, I would have thought it has a low enough interest rate anyway?
     
  4. area51_for_psx

    Wise Guy

    Joined: 22 May 2004

    Posts: 1,720

    Location: N.Ireland

    Hi mate. Work full time for the civil service so anyother job isnt really a goer. Not running to my mum or dad either as I know that they would pay it all off but I am not willing to rely on my parents for it.

    Gareth
     
  5. Visage

    PermaBanned

    Joined: 13 Jan 2005

    Posts: 10,708

    It might help if you gave us some kind of breakdown of the 13,000 quid....
     
  6. Bill101

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,550

    Location: Liverpool

    try www.uswitch.com they list loan companies and the interest charged
    I got 7.5K over 5 years for £145 from the post office
     
  7. Scottland

    Capodecina

    Joined: 18 Oct 2002

    Posts: 15,390

    Location: North Wales

    I found nationwide really good when I needed a loan. It would depend on how "poor" your credit history is.

    If its a few late payments here and there you'll probably be ok. If it's a case of lots of late payments and defaults etc you might find it more tricky to get a loan to cover it all.