Debt Consollidation

Discussion in 'General Discussion' started by Jon Mack, Jul 11, 2004.

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  1. Jon Mack

    Jon Mack Registered User

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    Debt Consollidation

    I got a £10 000 loan from Virgin about 8 months ago, I also have £2500 on a Virgin card I want shot of.

    I paying about £250 per month over 5 years, I want to add the two together so I only have one payment to make every month.

    £2500 over whats left of the term will only put my payments up a little bit.

    Any one know if it's too soon to ask saying as it's only been 8 months ?


    cheers
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  3. paul

    paul Registered User

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    Re: Debt Consollidation

    I very much doubt it will cos if you settle after havin the loan only 1 week they make money on it, if youve had it 8 mths then they will have made something, i would expect theyd encourage it tbh
  4. helen_od1

    helen_od1

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    yeah they'll hav no problem wiv that, just don't ask them if u can do it, say u need to! otherwise they'll prob b knobs bout it
  5. Cookee

    Cookee Registered User

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    Thats a lot of debt mate :(

    You only have to wait 3 months before changing a loan (if memory serves me) :)
  6. Jon Mack

    Jon Mack Registered User

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    I know it's loads innit :cry: that's what spending months in ibiza does for you :p
  7. Cookee

    Cookee Registered User

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    Was it worth it?
  8. Jon Mack

    Jon Mack Registered User

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    Can't remember hun :lol:
  9. Cookee

    Cookee Registered User

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    Must have been good then :p
  10. princess jane

    princess jane Registered User

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    under the Credit Act 1974 yadayadayada they have to give you a redemption statement which is the figure you have to pay if you settle the loan within 10days or so..

    go to moneyfacts.com or the moneysupermarket.com and shop about for the best loans.
  11. princess jane

    princess jane Registered User

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    in a past life I had a shitty credit rating

    then I got a job as a mortgage advisor and picked bits and pieces up

    basically i don't earn enough to enjoy the lifestyle I want so I quickly learnt my stuff on credit rating, loans and credit cards..

    stick it on the plastic ;)

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