Credit Problems
Do you have a poor credit history or are currently finding it hard
to get credit due to a poor credit rating; Are you self employed
and have no proof of your income; Do you have payment arrears or
defaults; Have CCJ's or have been made bankrupt; Are you in a negative
equity trap, if your answer to any of these is yes then a Debt Consolidation
Loan could be the answer for you or maybe you need to speak to a
Debt Management Specialist. Read our explanation of Debt Consolidation
and Debt Management Specialists below.
Debt Consolidation
Are you spending more than you earn each month, struggling financially
for whatever reason, have CCJ's, defaults, arrears or are finding
it hard to get loans and other forms of credit. Too many people
are paying too much for expensive short-term credit such as credit
cards and store cards leading to debt problems and stress.
Debt Consolidation might be the answer for you. Pay off your expensive
credit cards, loans and other debts replacing them with an easy
single monthly repayment that is up to 50% less than you are paying
now.
Debt Consolidation enables you to reduce your monthly outgoings
by paying off all your debts, leaving you with one lower and more
manageable monthly payment. A single, affordable monthly payment
is calculated for you based on your individual financial circumstances.
By replacing your debt with a Debt Consolidation loan at a lower
interest rate spread over a longer repayment period you can significantly
cut your outgoings and improve your lifestyle.
If you do have a property that can be used to secure your loan,
the lender can offer you more flexible borrowing arrangements and
a lower interest rate.
Debt Management Specialists
A Debt Management specialist will talk to your creditors on your
behalf and arrange a single, lower monthly payment which you can
afford, allowing you to sit back and put the worry behind you. A
Debt Management specialist can help reduce all your payments into
one, affordable monthly payment.
This is not another loan as in a consolidation loan but a negotiated
repayment strategy that you and all the lenders you owe money to
are happy with..
A well-established financial management company approaches your
creditors. Negotiations are made and lower instalments are paid
to them on your behalf.
A single, affordable monthly payment is calculated for you based
on your individual financial circumstances. The financial management
company to each of your creditors then distributes this payment.
The monthly repayment is tailored entirely to your individual needs.
It is based specifically around your affordability. Debt
Service is our recommended Debt management specialist, as long
as you are struggling with your debts, they will accept you.
Lenders who can help with Debt Problems (Debt Consolidation &
Debt Management)
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