Hi all,

I am having a meeting with my bank on Monday regarding getting a loan to pay off my existing debts.
I had a shop around at weekend and looked into other companies to get a loan including looking at USwitch which is good at finding loans that are cheaper to pay off.

Unfortunately I was unaccepted – think it has something to do with the fact that I have just changed jobs 4 months ago – in full time employment though and I asked for a big loan of 10.000 when I am renting my property so it not secured as such. Think Homeowners have better chance of being accepted than me at the moment.

I just want to pay off all existing debts – have a loan and a credit card I want to pay off.

My question is what questions should I ask them and what do I do if they go refusing me a loan – I can’t afford to pay things out all at different dates and amounts.

I just want one monthly payment that covers everything! I have cut up credit card.

Please help!

Lx

I’ve just received some money I’ve been waiting for, for ages (not loan or anything illegal) and spent the morning paying off all my debts by internet and phone. I feel really good and have had a real weight lifted. I took the afternoon off to buy some cheap treats and paid cash for everything. It’s been good.

Please help – need to raise cash to get loft converted and clear some debts. I do have a small mortgage but do not qualify for homeowner status – our rented side will not allow us to get a homeowner loan. Due to our debts we could not buy the other side of the house (rented bit) although we could have afforded it – apparently we were too much of a risk – even though our monthly outgoings would have been cheaper – as a result we are stuck in a catch 22 situation. Can someone please help – just had baby no 2 and need the space!!!

If I happen to be holding many thousands of another currency, such as Euro, when the dollar takes a plunge I will profit greatly as an American. Do banks have any failsafes to prevent customers from repaying debts when the dollar is unusually low?

For example, let’s say that 6 months from now the value of the dollar falls 25% below what it is today compared to the Euro. If I were to invest ,000 (roughly equal to my current debt) in Euros today, could I in effect save 25% on my loans by repaying them during the value decline?