Its the old classic line... "I have this mate". However, foolishly she has got herself into debt. Its not that she can't pay it or anything... its just she is at her limit of monthly payments.
She has realised that the debt is on credit cards etc, so she is paying massive amounts of interest. Obviously it would be better for her to pay off the credit cards and get a low interest loan.
However, the problem is that she can't get a low interest loan. They are either refusing (because she is maxed out on credit) or they are offering her the low... but at stupid interest rates (14-16%).
It must be possible to get a low interest loan. She is going to pay off the credit cards immediately with the loan, so its not as if she intends to increase her credit... she actually trying to get it down!
Any tips would be very appriciated.
ta
P.s.
She is looking to get a loan for £8 - £10k (and she doesn't own a house)
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