Hi
I've been reading these threads and am trying to take on board a lot if the advice, particularly around paying off CCs. However, I really need to take out a loan to consolidate some debt as we're really struggling to pay more than the minimum and are paying huge amounts of interest with no capacity to move to lower rates.
I know I have a poor rating due to volum of debt, but have done soft searches via MSE and there are some possibilities there with a 7/10 chance of acceptance. My question is am I better off going for these or going direct to my bank, who obviously can see all of our in and outgoings. We are always deep into our joint overdraft, although I don't have one for my personal account. I have however banked with them for ages and have had a previous loan that was paid off in full. I just wondered if I stood a better chance with a lender who can see a bit less detail.
Any thoughts?