I assume it is, in fact, a Secured Loan on your house i.e. a Mortgage, so I doubt you wil be able to beat that rate
…
I’ve heard of despearte people being offered rates of 3% .. but that’s ‘per month’ (i.e. over 36% a year)
I’m just to cross my fingers that you get sorted out. <crosses fingers>
You’ll have to beat their credit scoring before you get the loan…
They may not be too happy to take on a £20k consolidation debt unless it is secured on your property of other assets.
Who do you bank with?
I always found my bank helpful they are the Halifax, I had a consolidation loan of £25k for 5.9 apr but then I am a customer with a clean record.
Your credit rating makes the difference on what is the best rate and due the recent interest rises things are going to change again I would think
6.9% sounds unbelieiable cheap for a Debt Consolidation loan
I assume it is, in fact, a Secured Loan on your house i.e. a Mortgage, so I doubt you wil be able to beat that rate
…
I’ve heard of despearte people being offered rates of 3% .. but that’s ‘per month’ (i.e. over 36% a year)
I’m just to cross my fingers that you get sorted out. <crosses fingers>
You’ll have to beat their credit scoring before you get the loan…
They may not be too happy to take on a £20k consolidation debt unless it is secured on your property of other assets.