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consolidation query
I chose to consolidate my debts in an effort to reduce the ridiculous interest rate charges that kept sneaking up on me from my store cards. I thought it would solve all my problems, but now I'm starting to think I should of got a debt management plan instead. I'm starting to think I'll never be able to pay off my new consolidated loan. I don't have a house so I went with an unsecured loan from the bank I have all my accounts with, and hence my interest rates are still quite high. What can I do?
Hi Penny, I suggest you try
Hi Penny,
I suggest you try calling us at Debt Advice Trust. We can tell you if it's time to think about a different debt solution or give you advice on the loan you already have. Unsecured loans often have higher fees than a secured loan as there is nothing to guarantee the loan against.