| Debt consolidation
Debt consolidation is not possible with a loan.
If you were to borrow, for example, £15,000 to pay off your
debt, you wouldn't be debt free. You would still
owe £15,000 to yet another company. However the benefit will
be that your monthly payment may be reduced into
a single payment.
Debt Management / Debt consolidation plans can help you
- Reduce your monthly payment by 75%
- Stop collection companies calling
- Pay one payment each month
- Avoid bankruptcy
- In most cases freeze or stop your interest
Debt consolidation plans can often be a alternative solution without
having to borrow yourself out of debt. The average debt level
should be from £5000 and above; unsecured debts such as:
• Credit Cards
• Unsecured loans
• Medical Bills
• Store HP |
• Store cards
• Catalogues
• Solicitor fees
• Overdrafts |
• Car HP if returned
• Disconnected mobiles |
Debt consolidation in most cases can reduce overall monthly debt,
save on interest fees, and help you to establish a monthly household
budget as well as allowing you to affordably pay your creditors
on time each month. This would normally end any collection activities
such as collection calls.
Debt consolidation plans allow all the negotiation
to be carried out for you with your creditors. All you have to do
is set up a direct debit of your agreed monthly amount.
Depending on your creditors, their policy in most
cases is that interest can be reduced or frozen. Normally credit
cards are charging you large amounts such as 17.5% APR.
If you would like to discuss your situation in absolute confidence
please call 0161 244 5649 or fill in the form on
the left of this page.
Apply now |