Debt Consolidation Loan
Hey guys, I have like 3,500£ in debt. Which includes some pay in 3s, phone contract and my 1.5 overdraft, I am really looking to leave home and I’ve been trying to get my credit up before then but obviously these factors have affected my score, would it be sensible to get a debt consolidation loan or should i set up payment plans individually??? Or is it better to just get a loan and pay it off lol, thanks.
Original post by x4kya
Hey guys, I have like 3,500£ in debt. Which includes some pay in 3s, phone contract and my 1.5 overdraft, I am really looking to leave home and I’ve been trying to get my credit up before then but obviously these factors have affected my score, would it be sensible to get a debt consolidation loan or should i set up payment plans individually??? Or is it better to just get a loan and pay it off lol, thanks.
Are you in good standing with all of this debt (i.e. your payments are all up-to-date) and can you afford to make future payments as they become due?
Are you accruing interest on any of these debts?
By "1.5 overdraft" do you mean you're £1,500 overdrawn at the moment? What rate of interest are you paying on the overdraft?
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