Consolidation loan or what please help?

[stanwixman]

Hi my wife has just finished teaching training but as yet has no job although she is looking. The thing is we have hit a bit of a sticky patch at the moment> We both have about �2000 on various credit cards and I have a loan of approximately �10000 left from a car loan i took out before we met. Should we get one of those consolodation loans that give us a bit of help and breathing space to get back on our feet ? I know that you pay a lot in the long term though but I cant see any other way. I am currently on �18,000 per year and my wife isnt earning yet but could potentialy be on �20000 when employed. Could I get a loan on my salary?

[raysparx1]

Hi stan, if you own your own house without a mortgage go for an equity release loan, if you have a mortgage talk to the lender about increasing the mortgage, if you rent talk to your bank, and take out a personal loan, don't go to one of these places that advertise on the tele, good luck, hope you get it sorted, Ray

Other people may well have better suggestions.

[raysparx1]

Another thing you should consider is getting rid of the car and buting a small diesel car, you must economise every way you can.

[stanwixman]

Thanks for the advice. cant get rid of the car though as its an mpv . my names Gary by the way not stan - sorry for any confusion - i live in Stanwix pronounced stanix .