Borrowing Money

[Mark_so45]

Has anyone borrowed money just to find 2 years and £6000 down the line you owe more than you started with, they say you learn by your mistakes but i want borrow money unless its from a bank, Loan companies (Firstplus for 1) are just money sharks prayer on the vulnerable, they even make it hard to clear it off as I found out, they put so much admin and interest charges, from the day you sign the cheque to clear the loan, you still owe them money

[Tia]

Even borrowing money from the bank can lead to problems!
My daughter took out a loan to consolidate her shop card payments etc, and now through a long term illness, she's having hassels from all the forms needed to be filled in and signed by her doctor (at cost) for her payment protection claim and still expected to make payments while the claim is going through! They seem to think people have endless money. Sick pay isn't even enough to live on let alone pay bank loans. So much for worry free guaruntees while sick

[jetmizter]

if anyone has store card debt or credit card balances on on credit cards where they are paying interest then the best thing to do is get a credit card which offers 0% for a time period these are usully 6 months at least then all you are payin is the capital of what you owe NO interest. when the 6 months is up go get another card that gives you 0% and transfer your balance then cut up the card you just finished with. go on changing cards that are 0% till you pay off the whole amount. cheapest way to borrow money long term is against your house (if you have one).