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13-03-2004, 00:12

Trouble is there is all this new credit with people consolidating loans. Does it take into account the loans that are paid off?

I think they should kill these adverts on day time TV "Consolidate your loans and reduce your monthy payments" why does it reduce your mnthly payments? cos your paying it over a longer period of time and paying more!!!! Too easy for people to get sucked into that one. They consolidate and then what do they do? Borrow more cos they can then afford too.

13-03-2004, 00:12	#8
gary_580 Guest Posts: n/a	Re: Credit Mad Britain Trouble is there is all this new credit with people consolidating loans. Does it take into account the loans that are paid off? I think they should kill these adverts on day time TV "Consolidate your loans and reduce your monthy payments" why does it reduce your mnthly payments? cos your paying it over a longer period of time and paying more!!!! Too easy for people to get sucked into that one. They consolidate and then what do they do? Borrow more cos they can then afford too.