Debt Consolidation is a single loan that can be used to pay off existing debts - personal loans, credit cards, overdrafts, or unpaid bills and will leave you with one affordable monthly repayment. Credit cards and some other short-term loans can have high-interest rates which can mean large payments every month. A debt consolidation loan enables you to reduce these many payments into one manageable payment.
Consolidating outstanding debts can relieve your financial pressure and enable you to maintain and rebuild your credit rating.
Please note that by consolidating a number of loans into one larger loan over a longer period, the total cost of interest may be significantly more than the original loan's interest.
Advantages of Debt Consolidation:
- Relieves financial pressure
- Reduces monthly repayments
- Enables you to get yourself back on a stable footing in advance of having your credit status impaired
Equity Release
Some customers may wish to release equity that has built up in their home. This may be for a variety of different uses depending on their unique circumstances;
- Home improvements
- Further Investment
- Children's Educational fees
Interested? Contact Us