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Loans?
OK, we have gotten ourselves in major financial straits. It is not all our fault, but, yes we have made some mistakes. I was just wondering if anyone had any experience with bad credit persoanl loans or somewhere we can get help? Thankx.
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Yeah if you need help mate and are in uk get in touch with national debt helpline. They are goverment supported so cost nothing and its not a company that offer or suggest to borrow more money. Really good legal advice etc. They send you draft letters and allsorts of other information to help deal with your creditors. I spoke to them on the phone which was well worth it, think it was a free number too.
Anyway here's the web ad, [Link](Mouse over link to see full location)
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Hi,
We had a similar situation about 3 years ago. Everything is all good now. From a personal experience, I can tell you what NOT to do.
Do not go to a credit consolidation agency. These places consolidate all of your credit card bills into one smaller monthly payment. It sounds great, but it looks negative on your credit report...for a very long time. We had trouble getting a car and a house after that. We were told we may as well have filed bankruptcy, infact that would have been better.
I am not telling you to file bankruptcy, that should be your last resort.
One thing you can do is look for a new credit card that has a 0% interest on balance transfers. They are out there, and fairly easy to get. Transfer some of your bad debt (debt with high interest) and then make it your life's mission to pay off that card.
Or you could go to a bank such as Beneficial, who approves just about everyone but charges like 22% interest. Use that loan money to consolidate your bills yourself and again, make it your priority to pay off that loan.
Get a copy of your credit report- from all three agencies. Experian, Trans Union and Equifax.
If you find any negatives, try contacting the collectors to work out some sort of monthly payment. Sometimes they will lower interest or even settle, meaning they will accept a lower payoff if you pay it now.
I didn't realize how important good credit was until my credit was bad. It took me about 3 years to dig myself out, but I did it.
You just have to buckle down...forget about those cute shoes...that $30 can pay a credit card! It's really hard, but once it's better you will be glad you did it.
I also recommend having a budget. Sit down together and make a plan, write it down.
Determine how much you make, what bills you need to pay, what you need to live and budget a little for spending. Whatever is left over, use that to pay a little extra here and there. You will be suprised what an extra $20 will do here and there.
Good luck, hope my advice was helpful!
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