Hi all,
Hopefully someone here might take pity and help!!!...I am looking at the possibility of consolidating some personal loans i have accrued...
THey include a bank loan €12000 approx
cu loan €15000approx
credit card€800...
thre repayments on the bank loan are €254 pm...apr8.9%
..................................cu loan are €300pm...
re the credit card i paying off the minimum balance every month ie approx€20
pm.
My take home pay is around €500 pw, and my expenditure is about €250pw
(including the "weekly" equivalent of the loans above!!!...I have about €4000
in shares which is tied up in the cu, and due to the cu loan i cant get at...
Also i have an ssia which is currently worth if i cashed it approx €2700...i havent paid into it in a while, but was goin to start paying into it again next month...ie that would keave me then with adisposable income of approx€190
pw...
Can i get my loans refinanced at abetter rate than im currently getting???
(Remortgaging isnt an option for me presently!!!)...Secondly should i consider cashing in my SSIA???...By the way i have 21 months left that i could be paying into the ssia!!!!...the term of my loans are 5 years...is there any way i can get abetter interest rate without neccesarily changing the duration over which im paying???
thanking ye all in anticipation!!!
cheers
johnny
Hopefully someone here might take pity and help!!!...I am looking at the possibility of consolidating some personal loans i have accrued...
THey include a bank loan €12000 approx
cu loan €15000approx
credit card€800...
thre repayments on the bank loan are €254 pm...apr8.9%
..................................cu loan are €300pm...
re the credit card i paying off the minimum balance every month ie approx€20
pm.
My take home pay is around €500 pw, and my expenditure is about €250pw
(including the "weekly" equivalent of the loans above!!!...I have about €4000
in shares which is tied up in the cu, and due to the cu loan i cant get at...
Also i have an ssia which is currently worth if i cashed it approx €2700...i havent paid into it in a while, but was goin to start paying into it again next month...ie that would keave me then with adisposable income of approx€190
pw...
Can i get my loans refinanced at abetter rate than im currently getting???
(Remortgaging isnt an option for me presently!!!)...Secondly should i consider cashing in my SSIA???...By the way i have 21 months left that i could be paying into the ssia!!!!...the term of my loans are 5 years...is there any way i can get abetter interest rate without neccesarily changing the duration over which im paying???
thanking ye all in anticipation!!!
cheers
johnny