The Best Debt Consolidation advice...
Mortgages/Remortgages: Typical APR 8.5%
Secured Loans: Typical APR 14.5%
When you have debt problems and owe money to a range of creditors, you might be looking for a simple way to combine these payments into one low monthly amount, so it often makes sense to consider a debt consolidation loan.
Debt consolidation is when you take all your outstanding debts and consolidate them into one loan which has a lower interest rate and therefore lower monthly repayments than you are currently paying.
Although you can take out an unsecured debt consolidation loan, this would normally mean you paying a higher interest rate than if you secure your debts against your home.
A debt consolidation loan secured against your home needs careful consideration and there are further choices such as whether to re-mortgage your home, effectively paying off your debt over the life of your mortgage, or whether to take out a debt consolidation homeowner loan (also known as a secured loan).
Here at Debt Consolidation, one of our experienced team members will guide you through the debt consolidation decision making process, offering you the simple and informative advice about which debt consolidation solution is right for you.
Bad Credit? Debt Consolidation Loan UK
Here at Debt Consolidation, we specialise in debt consolidation loans and remortgages. So even if you have been turned down for a loan in the past, don't worry as we can help you deal with your debt. We have helped thousands of our clients who suffer from a bad credit history by securing the right debt consolidation loan for them.
At Debt Consolidation, we use a panel of lenders who specialise in helping people who have a bad credit history. If you have bad credit problems, you may have to pay a little more for your loan than someone with a good credit history, therefore it is important to find the right advice as to the right debt consolidation solution for you.
Debt Consolidation UK
Debt Consolidation can offer a range of debt consolidation choices for UK clients which are designed to compliment your individual consolidation requirements, no matter what your financial circumstances. These include:
- Debt Consolidation Secured Loans – Theis loan types enables you to consolidate expensive unsecured debt with a secured loan which is usually offered at a cheaper interest rate.
- Debt Consolidation Remortgage – These enable you to move expensive unsecured debt onto your mortgage.
Whatever your debt consolidation needs, contact us today for free expert advice. If you are unsure about your options, try our Debt Consolidation 1 Minute Loan Test which will show you some of the debt solutions available, based on your personal finances.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF 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.
DebtConsolidation.co.uk is a trading name of Ask Finance Ltd which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance 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 is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.