I've got myself into a bit of a pickle. The last few months i've found it hard servicing my debts, mainly because one month i missed a payment and then the chearge meant i went over my limit the month after. I currently have a £6,000 loan and £5,000 on credit cards. I need to get rid of the credit cards becuase they are costing me £400 a month, whereas the loan is only £150. I want to take out another loan to cover the cards only, but my credit rating is in the gutter. (i have applied for a loan in the last 6 months and been rejected).
My Girlfriend has offered to make a joint application with me, but she has little to no credit history becuase she has never had a loan or any credit cards.
What is the best course of action? I don't want to mess her credit rating up and i don't want to be rejected again. Is there any point in me doing this? Also, if she were to take the loan out on her own, could i set up the repayments through my current account?
Thank you in advance for any help you can give.