Representative Example: The representative rate is 21.8% APR (variable) so if you borrow £10,500 over 10 months at a rate of 18.6% p.a (variable) plus an arrangement fee of £1,050.00 you will repay £201.91 per month & £24,229.06 in total. Guarantor must be a homeowner or a tenant, aged 18 to 75 years old and must pay if you don't.Representative Example: The representative rate is 52.26% APR (variable) so if you borrow £4,000 over 22 months at a rate of 26.82% p.a (fixed) plus an arrangement fee of £400 you will repay £271.26 per month & £5,967.70 in total. Buddy Loans are the new, friendly guarantor lender.
The number of cards doesn’t matter to credit-rating agencies nearly as much as the amount of debt you carry on those card.
The average person seeking credit counseling has six cards and carries $17,548 in debt, according to the National Foundation for Credit Counseling.
While debt consolidation loans offer many benefits, there’s no guarantee that they’ll improve your financial situation.
In fact, if you choose one that has a higher interest rate than your current debts, you’ll actually end up paying more.
Whether you have a medical emergency or your car gets totaled, there may come a time when you need extra cash fast.