i dont have much debt, maybe around £5,000-£6,000. i have a baby on the way in december tioo so didnt want any debt - I have applied for one or two loans with no joy so am considering Debt Consolidation -
1. does this affect my credit rating?
2. is it a good idea
3. can i have your personal experiences and with what companies?
4. also can anyone recommend any DECENT loan conmpanies for not so good credit rating?
HELP!
thank you.
Debt managemebnt i think is what i ment - I DO NOT WANT TO SECURE AGAINST ANYTHING

__________________
Debt Advice Forum Web Services by Yahoo!

Not sure if you mean some form of Debt Management plan when you agree to pay your creditors less because of financial hardship. These can be arranged FREE through companies such as Payplan or CCCS - never pay a debt management company money.

Debt Consolidation means you take all your debts and put them into one loan - often secured on property. No it won't have much effect on your credit rating. Check out MoneySupermarket.com for deals on loans or if you want more advice on debt try Consumers Action Group forums - you will get better answers. A general tip is never turn unsecured debt into secured debt.

__________________
Debt Advice Forum Web Services by Yahoo!

It won't normally affect your credit rating, as all you do is pay off loads of small loans, with one big one. It almost always involves you paying more (it might be less per week, but it will be more in the long run).

For 5-6,000 you might be able to get a balance transfer credit card and that will be interest free for upto 15 months depending on the card..

__________________
Web Services By Yahoo