I've got Arrears, CCJ's & Defaults ?Why Should I Take Out a Debt Consolidation Loan?
By consolidating debts into one loan, normally a lower interest rates can be achieved, resulting in lower monthly payments. For many people this is the cheapest way to solve problem debts.
However, as the term of the loan is also normally longer, you may payback more interest over the full term of the loan.
Please Note:
We only recommend a consolidation loan if really is used to facilitate your best efforts to return to a debt free life. If it is being used to reduce outgoings so that further credit can be afforded, then a debt consolidation loan is not a solution but just a stepping stone to financial ruin.
I'm not a Homeowner ? We are confident we can offer you a solution whatever your personal circumstances.
Typical example: £10,000 x 60 months = £208.11/month. Total £12,486 APR 9.5% Variable.
Written quotations available on request. Other terms and amounts available. Special plans on different terms for clients with CCJ's, arrears, and for the self employed without income proof (fees may apply but only on problem cases - max 10% - no loan, no fee).
Our office is open on Wednesdays until 9pm
(not out-of-hours call centre)