I have bad credit and need a loan of £8000 unsecured. My father will gaurentee the loan but i am unsure what leander will do this. please dont suggest debt consolidation. this is not an option

I have a large amount of unsecured debt. I have not been able to make even minimum payments for the last 6 months due to job loss. I have heard that all record of individual debts will fall off after 7 years. Is this true and if not, am I looking at debt consolidation or bankruptcy?

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Many people have countless credit cards that accrue high interest rates. By consolidating their debt into one low payment each month, they not only save money, but can also eliminate their debt, and there are many different ways to consolidate debt.

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I have been looking everywhere trying to find some place that will approve an unsecured loan. I am looking to find a loan for approx. 3,000 dollars to be paid back in full in 18 months. My credit is very poor but I have been at the same job now for a year and I am paid salary. The payments would not be a problem. This is for debt consolidation because I cannot contiune to make all these payments each month. Instead I would use the 3,000 to pay off the debts in full and then make one smaller monthly payment. I don’t want to get scammed by any of these on-line loan places either. I have tried banks in my area and my credit score is too low for an unsecured loan. Does anyone have any advice to point me in the right direction at least?

I do not need lecture and I do not want explain my situation because its complicated. Please do not judge me. All I need to know is if I use a debt consolidation program and it doesn’t work can I file bankruptcy.
Thanks for your answers!! I was scarred to ask because you see so many people making rude comments whent they do not know the entire story. THKS

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Leave Home Without It…Membership has its privileges, but it also has a huge share of disadvantages. Without the proper know-how and guidance, you could find yourself buried beneath an avalanche of credit card debt. Millions of Americans are just like you and are currently attempting to pay off $450 billion to credit card companies. It’s in a credit card company’s best interest to keep you in debt-after all that’s how they make their real money. Even by fol… More >>

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Watch this video for a demonstration of “How to Consolidate Debt”. Tocomplete the task, you will need: Lower interest rates on your credit cards A card with no interest for six to 12 months A debt consolidation loan, home equity loan, or home equity line of credit Get started with the first step: Stay clear of debt-consolidation firms. They cant do anything for you that you cant do yourself. For the complete guide, go to www.howcast.com Also check out Howcast for other do it yourself videos from bencheek and more videos in the Debt category. How can you contribute? Create your own DIY guide at www.howcast.com or apply to the Howcast Emerging Filmmakers Program at www.howcast.com

OK, I have made some big mistakes with my finances over the past several years. I have 4 credit cards with a total of almost 13k. I’m wondering what the best option is to get rid of them. Should I try to get an unsecured loan?? Should I contact one of the credit consolidation companies?? I’m so stressed out and in a tight bind due to interest rates around 25% on one and 23% on another. WHAT DO I DO????

I have really good credit. My fiance made some really bad decisions in the past and has terrible credit. (credit cards, overdrawn bank account car loan …..) We are buying a home . We are planning on getting married next year. I am wondering would it be better for him to consolidate his bills and us try to pay them off or should he just file banktruptcy? We plan on doing something before we get married. We dont have any savings and I have a child and he has three from a previous marriage that he pays support for. My concern about debtconsolidation is that we wont be able to make the payments with everything else we are having to take care of. How bad is a debt consolidation or bankruptcy going to look when we do tie the knot if I have really good credit. Also what kind of affect does that have if any on employment?
I am already buying a home so that is not an issue
I am also being told that chapter 7 and chapter 13 affects your credit in the same way and tat both stay on there for ten years
He no longer has credit cards or bank accounts. All of these things on his credit have been on there since before I met him. I asked for financial advice not for someone to make negative comments about bad decisions made in the past. As for having a budget we already live togather and pay all the bills togather We already have a home that we are buying.
We both work. Who doesnt?