Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Debt consolidation

  • 15-07-2019 05:42PM
    #1
    [Deleted User]
    Posts: 338 ✭✭


    Just have a few questions about debt consolidation.

    Applied for a top up loan recently to clear credit card that i fell behind on.

    Had another loan out too and the lovely woman suggested i get a loan and clear everything all into one and just pay them.

    I have to go up and discuss a payment plan with them, how exactly will it work? I was asked to get a final payment off other loan and credit card which is no problem.

    If i get the loan from will they go ahead and pay the credit card and other loan themselves or will they send money to my account to pay it?

    I have saved last few months and almost have enough to pay off one loan.

    Or should i just pay off the second loan now and have one loan and one credit card?

    Or get the consolidation loan over five years and pay extra each month?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 18,043 Mod ✭✭✭✭Henry Ford III


    Clear your existing loans first if you can. Things will be much easier if you do so.


Advertisement