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Written on: 12.11.2009 [11:03]
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Ellie
Ellie
Topic creator
Posts: 1
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I'd like to sort out my debts and I'm thinking a consolidation loan would be the best option. The only problem is I have loans for my business and loans on my home: can I combine the two? Or do I need to still keep all the financing separate?
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Written on: 02.12.2009 [09:24]
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Vajra
Vajra
Posts: 2
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As far as I'm aware you should do all you can to keep your personal and professional finances apart. If you get into business difficulties, the last thing you want is the threat of personal bankruptcy or your home being repossessed. You should definitely speak with several experts to get a few solid opinions: try the Citizens Advice Bureau too. Remember that a lender will always try to sell you their product, whilst the CAB is more likely to consider your well-being. You may be able to get two separate consolidation loans and still end up with lower repayments and healthier finances.
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