Consolidation loans rarely work and you will be digging a deeper hole. I would suggest that you sit down and work out where you are going wrong .... why do you need these loans that have led you to this position again ? Maybe think about another debt solution.
My advice would be, be honest with yourself and your partner, sit down; blank bit of paper and start a fresh ...look at your income and expenditure and work out your affordability.
I have gone back to basics and got my three envelopes out for my monthly allowances - cash is withdrawn and put in the envelopes split into weeks ....
- Dental / prescription costs/ clothing
I have had our utility bills reviewed and got them cheaper; had our car insurances reduced at renewal etc. All steps I learnt first time around and managed....
It's easy to preach .... but believe me ... second time around it's easier to do what we learnt ...and once help has been sought it's a relief ! A consolidation loan maybe appropriate but expert help is best advice.
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