STRUGGLING WITH DEBTS?
For free, no obligation advice on how all our tailored Debt Solutions can help you eliminate your debts, please complete and submit our quick debt help form below.
- Free Debt Advice
- No Obligation
- Personalised Solutions
- Private and Confidential
LOOKING FOR DEBT ADVICE?
- Step 1: Fill in the form opposite and tell us a little bit about your current circumstances.
- Step 2: Tell us about yourself, so we can identify the relevant Debt Solution.
- Step 3: Our debt planner will arrange to deal with your creditors and start working towards getting you Debt Free.
What is a Debt Consolidation?
Debt consolidation loans allow you to consolidate all outstanding debt into a single loan repayment. Debt consolidation loans usually come in the form of a secured loan or remortgage meaning the loan is taken over a longer repayment period, resulting in a more attractive interest rate than most unsecured loans or credit cards.
Debt consolidation loans are attractive as Debt Solutions as they allow you to repay all of your outstanding debts and reduce your monthly repayment without affecting your credit rating further.
Debt consolidation loans allow you to consolidate all outstanding debt into a single loan repayment. Debt consolidation loans usually come in the form of a secured loan or remortgage meaning the loan is taken over a longer repayment period, resulting in a more attractive interest rate than most unsecured loans or credit cards.
Debt consolidation loans are attractive as Debt Solutions as they allow you to repay all of your outstanding debts and reduce your monthly repayment without affecting your credit rating further.
How does Debt Consolidation work?
Debt consolidation works by putting all your existing debts into one smaller monthly repayment by means of a new loan. This can often be all that is needed to put an end to Debt Problems and the demands made by Unsecured Creditors.
The Main benefits of debt consolidation are as follows:
Always make sure you are comfortable with the monthly repayment amount and interest rate offered on any debt consolidation loan before accepting the offer. Once accepted and having paid off any outstanding credit it is vitally important that you continue to manage your personal finance responsibly whilst the debt consolidation loan is being paid off. We would often suggest that you complete a monthly budget to see what funds are available after repayment of the debt consolidation loan and essential living expenses.
If you are considering a debt consolidation loan it is recommended that you speak to one of our Debt Planners for some practical Debt Help first. They will be able to look at your existing Debt Problems for you and identify whether a debt consolidation loan or Debt Management plan is the best Debt Solution for you.
Debt consolidation works by putting all your existing debts into one smaller monthly repayment by means of a new loan. This can often be all that is needed to put an end to Debt Problems and the demands made by Unsecured Creditors.
The Main benefits of debt consolidation are as follows:
- Reduces your overall monthly repayments
- Single affordable monthly payment
- Lower Interest rates than on Credit / Store Cards, Catalogue Accounts or Unsecured Loans
- Fixed term loan; repayment period is clear
- Will not affect your credit rating
- Replaces having to deal with numerous smaller Unsecured Creditors
Always make sure you are comfortable with the monthly repayment amount and interest rate offered on any debt consolidation loan before accepting the offer. Once accepted and having paid off any outstanding credit it is vitally important that you continue to manage your personal finance responsibly whilst the debt consolidation loan is being paid off. We would often suggest that you complete a monthly budget to see what funds are available after repayment of the debt consolidation loan and essential living expenses.
If you are considering a debt consolidation loan it is recommended that you speak to one of our Debt Planners for some practical Debt Help first. They will be able to look at your existing Debt Problems for you and identify whether a debt consolidation loan or Debt Management plan is the best Debt Solution for you.
Is Debt Consolidation right for me?
If used effectively debt consolidation can be used to help you get debt free, however in cases of more serious Debt Problems where you have missed numerous payments to Unsecured Creditors or have mortgage arrears you may need to get professional Debt Help as a debt consolidation loan may be difficult to obtain.
It is also important to remember that a debt consolidation loan is usually secured against your property meaning that if you do not keep up repayments your home may be at risk of repossession.
If used effectively debt consolidation can be used to help you get debt free, however in cases of more serious Debt Problems where you have missed numerous payments to Unsecured Creditors or have mortgage arrears you may need to get professional Debt Help as a debt consolidation loan may be difficult to obtain.
It is also important to remember that a debt consolidation loan is usually secured against your property meaning that if you do not keep up repayments your home may be at risk of repossession.
Please remember repaying debts over a longer period can increase the total amount repaid and may affect your ability to obtain further credit in the future. Fees will be payable for all services provided in relation to all the debt solution detailed on this site.
By submitting your personal details you are consenting to your information being passed to Money Simply Matters Ltd and our associates who will contact you. Your information may also be used by us to advise you of other useful products or services that we believe may be of interest to you in the future.
Calls maybe recorded and monitored for training and quality purposes.
By submitting your personal details you are consenting to your information being passed to Money Simply Matters Ltd and our associates who will contact you. Your information may also be used by us to advise you of other useful products or services that we believe may be of interest to you in the future.
Calls maybe recorded and monitored for training and quality purposes.
Debt Simply Matters is a trading style of Money Simply Matters Limited which is registered in England and Wales under Registration No. 6927674
Money Simply Matters Limited is licensed under the Consumer Credit Act License No. 629716 and is a registered data controller under Data Protection Reg. No. Z1813595
Money Simply Matters Limited is licensed under the Consumer Credit Act License No. 629716 and is a registered data controller under Data Protection Reg. No. Z1813595
Our Debt Help, Debt Advice and Debt Solutions include;
Debt Management IVA Bankruptcy Debt Consolidation Trust Deeds Debt Relief Orders
Debt Management IVA Bankruptcy Debt Consolidation Trust Deeds Debt Relief Orders
