flips
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you can ask to freeze any interest to help you make repayments.
you'll have to say how much incomings and outgoings you have |
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Reenie
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They offer different types of loans that your bank could potentially approve to help pay off debt....personal loans....lines of credit (if you own a home)...equity loans. You could also try this site for helpful articles on debt and loans. http://loan.divinfo.com/ |
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SunnyDays
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Why should the banks do anything to help you get out of debt? When will people think properly and realise banks are a business not a resource, they are there to make money out of you, that's why they charge you for it, ITS A BUSINESS, many seemingly didnt need any help getting into debt! |
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Health Freak
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if you owe the bank money, they can over to either :
*freeze the interest on your account
*refer it to their internal collections department, but they may take your debit card and give you a hole in the wall card and they will take your cheque book too.
*they may re-do the loan, by lowering the monthly payments but it will take you longer to repay the account in full
*they may pass your account to an external collection company
Those three things will more than likely happen but will adversely affect your credit rating. |
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Davy B
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In general very little. If you say that you have a problem they may want as much of their money as soon as possible. It is a double edged sword. You are in money trouble; should they lend you some?
Hm. |
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Tc..
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depends if you have a regular wage going in, banks give loans but tey would want to know why.
dont go to anyone who wants fee up front |
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iceman
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Consolidation is the most commen way. They may allow you to take out one loan to consolidate all your debt, and the interest rate may be lower then the average of your other rates. Also, it ussualy lowers the average monthly payment. |
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Dimples
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Contact your bank as soon as possible to explain the situation. They are normally quiet helpful. They will refer you to their special secton that deals with these things. They may also give you numbers for debt agencies that can help you. (Not the type you see on TV!) CCCS may be one of them and I would recommend them. They are a charity and therefore do not charge you anything. Don't be afraid to ring they cannot help you if they do not know your having difficulties and will no doubt charge you if you are not making payments. Good luck |
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Jaz
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you need to make an appointment,they will make an agreement to see how much you can afford to pay, they should freeze the interest,but you need to go asap.good luck. |
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