I'm just after an info or advice on consolidation loans. I have a 10k credit card, 5k latitude/creditline card and 2k overdraft. They're not quite maxed out but I feel like I'm getting nowhere with them and just paying the interest. I was thinking that a consolidation loan to bundle everything together into one place would be ideal. Has anyone had any experience with this or could recommend any other options I could look at? Ideally I want something that allows making additional payments and paying out early. Thank you
2 Replies
You are better of speaking to a financial counsellor. They can offer the best advice.
Please do not go debt agreements or debt negotiators, this is very poor advice to go this way and will impact your future, anything from mobile phone plans to home loans.
Barefoot investor produces some wonderful results or if you can get a good rate personal loan to roll it into one. I'm a mortgage broker so do have some experience.