Loan consolidation

Anon Imperfect Mum

Loan consolidation

Hello I was wondering if anyone has had so many bills that they are sinking.

I’m wondering if it would be worth going through a consolidation company to get it all rolled into one and how much that would cost.

Thanks

1 Replies

Anon Imperfect Mum

I haven't used one, but know plenty of people who have, and they swear it's the best thing they've done.
The only issue is that it stays on your credit rating for I think 7 years, so you'd struggle to get a mortgage with it there - but if you're in this situation, you're probably not looking for a mortgage. And it's better to have one of these companies listed than numerous defaults.

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