So im going to consolidate all my debts totaling ~15,000
this is made up of
9600 BOI loan
900 PTSB
500 Ulster bank
2000 the Brother
2200 BOI CC
0 savings
its just becomming a pain to pay off each one individually and im never going to clear that CC i think so think its just easier and probaly cheaper to pay them off and take a personal loan.
so i was looking at BOI online rates fo 60 months
€15,000 - €19,999 8.7% fixed
€20,000 + 7.8% fixed
so i really only need the 15K and i can start paying back the 300 a month for the next 5 years at 8.7 or could i take the 20K at 7.8 spend the 15K and pay back the 5,000 within the first week or two and contiue to pay the 7.8% for the rest of the 60 months - i suppose this would be frowed apon
and would be covered in the terms and conditions - but has anyone dont this ? and were you punished finantially for doing this?? Or will this acually make any difference in the Total repayable??
thanks
this is made up of
9600 BOI loan
900 PTSB
500 Ulster bank
2000 the Brother
2200 BOI CC
0 savings
its just becomming a pain to pay off each one individually and im never going to clear that CC i think so think its just easier and probaly cheaper to pay them off and take a personal loan.
so i was looking at BOI online rates fo 60 months
€15,000 - €19,999 8.7% fixed
€20,000 + 7.8% fixed
so i really only need the 15K and i can start paying back the 300 a month for the next 5 years at 8.7 or could i take the 20K at 7.8 spend the 15K and pay back the 5,000 within the first week or two and contiue to pay the 7.8% for the rest of the 60 months - i suppose this would be frowed apon
and would be covered in the terms and conditions - but has anyone dont this ? and were you punished finantially for doing this?? Or will this acually make any difference in the Total repayable??thanks