Hi, I am a newbie on here,

And hoping for some advise from people who is or have been in the same boat as me....

Im 24yo, Live with parents, On electrol role, work full time, earn £11300 pa. Which monthly after tax is £740 per month.

I owe approx £8000 spread over 4 credit Cards. Which one is a HIGH INTEREST being MBNA. I owe £2350 on tht card and pay the miniman each month of £70 and £60 of that is just Interest!!!

I have looked on

Credit Expert andScore is: GOOD

EquiFax is is Fair

I have in the past missed paypents but that was over 3 years ago. No Defalts.

Should I apply for a loan and to whom with. I have 2 previous searchs done back in Jan

Take advantage of the fact that you are living with your parents and hence (presumably) have minimal food, heating and council tax costs and pay back your debts to the credit card companies. It is inexcusable to be only paying the minimum repayments. Be realistic. You should be able to pay back £500 per month. Of course, if your parents are dependent on your contributions then you're scuppered. Andif you can get a cheaper loan then fine - but remember you still have to increase the sum you are paying back - no point getting a loan if you just use it to postpone the inevitable - use it to shorten the period and lower the interest.

Hi, Thanks for your reply.

I pay £300 a month but most of it is interest.... In total I pay approx £160 interest. I am wanting a loan so I have ONE monthly out going and I can pay more of it off each month or in one lump sum once saved up