Debt and Consolidation

If you are in debt, you may need to think about the number of consolidation opportunities which you have, especially if you are finding your debt a struggle.

There are a number of debt and consolidation solutions available, such as secured consolidation loans, but the only way that you can find out which is best for you is to seek professional advice about how to consolidate debt.

You may find that you have a number of outstanding debts spread across multiple creditors which require payments to be made at different times of the month. This could make it a problem when it comes to managing your debt, yet with consolidation you only make one payment which will cover all of your debts.

Ways which you might want to tackle your debts include:

Secured Loan: This is a way which will securitise your debt, and consolidation will mean that this secured loan will be the only debt payment that you have to make, as all unsecured debts will have been paid off by the loan.

No Loan Consolidation: Sometimes, when you are in debt, consolidation with a loan may not be the best debt solution for your circumstances. But there are consolidation alternatives in the form of no loan consolidation (debt management plan) which can consolidate your creditor payments into one monthly amount without the need for any further borrowing.

It is never easy dealing with unmanageable levels of debt and consolidation advice could help you. Please call Debt Consolidate today on 0800 0481 770 for advice about the debt consolidation process.

LOANS MAY BE SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

DebtConsolidate.co.uk is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.