Getting a loan with defaults

[hammerman]

I am currently going through a debt management plan and have defaults on my credit file.

I have a mortgage with Halifax with some, but not a great deal of equity.

But i need to raise �3,000 to improve our home. Obviously the big boys won't touch us with a barge pole but does anyone know any companies that will. I'm not too bothered about the interest rate.....as long as the repayments are within my budget.

Any suggestions.

Thanks in advance

[EverClean]

Might be an idea to go for a second mortgage for the extra amount. If you remortgage the whole lot and move away from Halifax then you will get all your mortgage on a sub-prime rate. This way you will pay more for the secured loan but it's only �3k of the debt. Try a secured loan broker - some have been suggested on here before.

[bednobs]

just a quck word of caution: if you cannot afford your normal stuff an are in default with it, what makes you think you'll be able to pay anothe rloan off?

[hammerman]

I asked a simple question bed knob....if i wanted a lecture i would've asked my dad.

[bednobs]

oh .... ok then i just wondered whether you had considered that aspect. Clearly you have considered it