Our
extensive panel of lenders also have rates available up to
23% APR enabling us to find loans for those with even
severe credit problems. Loans are subject to status. Please
ask for a personalised illustration.
THINK
CAREFULLY ABOUT SECURING DEBTS AGAINST YOUR HOME. YOUR HOME
MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR
MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Debt Consolidation
Loan
Debt consolidation is where a loan is used to pay off existing debts
such as credit cards or store cards, resulting in a single monthly
payment, helping you to budget easier and manage your finances better.
Debt consolidation brings with it a number of advantages. Though as
always we recommend that you discuss your options with an independent
adviser, such as ourselves, who can suggest the right solution for
you.
> Reduce your monthly
outgoings
As debt consolidation involves replacing existing debts with a single
loan you can generally find a loan that results in lower monthly payments.
> Lower interest rates
Rates on debts like credits cards can usually be higher than those
on loans, especially homeowner loans. From a quick market search look
what we found:
!!
Vanquis Abacus credit card has a rate of 39.9% APR !!
There are more out there with similar if not higher rates. We have loans from 7.7% APR Get
a personalised loan quote >>
>
Debt-free date to look forward to
With a consolidation loan you would have a set payment plan with a
clear date for the final payment. Unlike credit cards for example
where you could continue making the final payments without ever clearing
the balance!