Debt Management & Consolidation

 

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Debt Management is an informal process of negotiation with unsecured creditors to obtain a reduction in the repayment amount and / or a reduction in interest charges. The negotiation involves providing proof to the creditor that the individual is unable to meet all their contractual liabilities.

Debt management helps you repay an amount which is affordable to you. Often it is possible to negotiate so that you pay back less than the original amount owed.

A consolidation loan may be appropriate in managing debt - this is the process of grouping all your current debt into one loan. This should result in lower payments which may be as a result of a longer term loan or lower interest charges or possibly both.

 

Debt Management
Service Type : Debt Management
Restrictions : Only available if £10,000 or more in debt.
Welcome to Apply : Tenants & Homeowners
Example : N/A
Other :

  • Full debt management package offered.
  • Will negotiate with creditors to reduce payments.
  • Consolidation Loans.
  • No credit checks.
  • Will advise on bankruptcy, repossessions & IVA's.
  • Business Loans.

Find out more and apply online by clicking here.

Unsecured Personal Loans
Typical APR :6.4% on loans between £5,000 and £15,000
Loan Type : Unsecured
Loan amounts : £1000 to £20,000
Repayment term : 1 to 5 years
Restrictions : Good credit applicants only.
Welcome to Apply : Tenants & Homeowners
Insurance : optional
Fees : none
Example : £7500 loan (no insurance) : 60 months @ £145.90 per month = £8745.00
Find out more and apply online by clicking here.

Secured Loans
Typical APR : 10.94 %
Loan Type : Secured on property
Loan amounts : £5000 to £75,000
Repayment term : 3 to 25 years
Restrictions : homeowners only
Welcome to Apply : bad credit applicants
Insurance : optional
Fees : none
Example : £12,500 loan (no insurance) over 60 months @ £262.62. per month = £15,757.20
Find out more and apply online by clicking here.

 

Warning : think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

 

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