The following taken from a 2009 post above and on this topic will Banks / Credit Unions still facilitate this type of consolidation and if so, which Lenders are offering this facility please?
"Consolidate short term loans into one loan with a duration of the longest term loan you have, aside from your mortgage. For example, a car loan of 18k, a holiday loan of 4k and a wedding budget loan of 6k. The car loan has a term of 5 years and the other 2 have a term of 3 years but have become unmanageable; consolidate them into 1 5 year loan and shop around for a good rate. There are plenty available. Even a 7 or 8 year term is preferable to consolidating them into your mortgage and securing these, what are really trivialities, against the ROOF OVER YOUR HEAD"...
Thanks
Bedlam
"Consolidate short term loans into one loan with a duration of the longest term loan you have, aside from your mortgage. For example, a car loan of 18k, a holiday loan of 4k and a wedding budget loan of 6k. The car loan has a term of 5 years and the other 2 have a term of 3 years but have become unmanageable; consolidate them into 1 5 year loan and shop around for a good rate. There are plenty available. Even a 7 or 8 year term is preferable to consolidating them into your mortgage and securing these, what are really trivialities, against the ROOF OVER YOUR HEAD"...
Thanks
Bedlam