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Originally Posted by kronas
yes but looking at it the point i was making is some people takeup the loans from the compaines set up to consolidate your debts in to one loan its a con really would you accept 15% from them think about how much you have to pay back on a £26k loan  |
Hmm lets think about this, loads of small loans equalling an original debt of £26k right?
Each of those loans probably get charged 15%+ interest
Consolodate them into a single loan of £26K and you'll be able to get 6%, hmm, 6% or 15%+, is that too hard for you to see the benifit?
Also you can extend it over more years thus reducing your monthly outgoings.
I suppose you also deplore people re-morgaging to release some of the capital in their houses, because that's basically the same as consolidating.
Jerrek re the GM card, have you seen how crap european GM cars are? Just ask Jeremy Clarkson about the vectra
