Reduce Financial Worries with Debt Consolidation
Having to make separate payments to numerous forms of debt can give you endless financial worries and may put a strain on a household budget. Even if you think you can afford to make the minimum debt repayment each month, it can be very easy to forget that the payment is due and not have sufficient funds in your account by the due date.
Always be wary about only making the minimum payment, with the amount of interest and charges which are added you may find that very little of the amount goes towards paying off your debts. Missing multiple payments over a period of time is likely to damage your credit rating.
But you could find that you can reduce financial worries with debt consolidation. You also don't always need to get into any additional debt as a debt management plan can reduce unaffordable debt payments without the need to take out a further loan.
You may find that a debt management plan reduces your financial worries as, although you will still have the same amount of debt, you will be lowering your payments which should make general living costs more affordable to you again.
A debt management plan does mean that you will have to pay your debts off over a long period of time, and your creditors may not agree to freeze your interest or charges, but you will have the peace of mind that you are paying an affordable sum.
Part of the financial worries about being in debt can be the creditor calls and letters which you receive. But once you are in a debt management plan with us, you don't have to worry about that as we will deal with these on your behalf. All you need to do is make the reduced monthly payment which should not be a financial struggle as it will be tailored to suit your circumstances.
For further information about how you could reduce financial worries with debt consolidation, either with a debt consolidation loan or a debt management plan, call Debt Consolidate today on 0800 0481 770.
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.
