Has anyone on here ever taken out a loan to consolidate existing debts? Currently paying off a credit card, overdraft and making monthly car payments but I'm finding it unsustainable and like I'm not really making a dent in the overdraft or credit card.
Thinking of taking out a loan to consolidate all of this into one payment (which would end up slightly less than what I'm currently paying now) but wondered if anyone on here had done it previously? Any recommendations? Horror stories? Advice? Anything would be much appreciated.