Another option would be to try and enter a repayment plan with your creditors, offering reduced payments.
I'm sure others will be along to offer their advice soon, so please stick around.
I'm not sure how to go about applying for another loan because I feel sure that no company will give me one. I haven't tried contacting the creditors because I'm worried what will happen when the police do a financial check on me.
I think my best bet is a consolidation loan as there is an end in sight and also the monthly repayments are lower. I just have to get someone to agree to give me one!!!
Thanks for the advice.
If your interpretation is correct, then I am suprised that a bank would be too worried about the lack of this - maybe this is a sign of responsible lending for a change!
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