If you're struggling to solve your mounting money troubles, then seeking professional advice may be the first step to finding a solution to sorting out your debt once and for all.
What is Debt Consolidation?
One choice open to you is Debt Consolidation. This particular debt solution lets you put all of your separate debts - whether that's credit card bills, overdrafts or other debts - into one lump sum. This is usually done by taking out a loan to pay them all off, and then making just one repayment a month.
Suitability for Debt Consolidation
This can also be ideal for those with multiple debts held with a range of creditors. Debt Consolidation removes the confusion of several different payments going out throughout the month, and replaces it with just one monthly payment going to one provider.
Eligibility for Debt Consolidation
Before considering Debt Consolidation, it is best to discuss your situation with a debt solution specialist. Your circumstances may mean that there are other solutions more suited to you.
Your eligibility for Debt Consolidation may depend on your credit history and previous financial records. If you do want to consolidate your debts with a loan for example, and you have a poor credit rating, then it's unlikely that you'll be offered a loan at a competitive rate (if at all).
To further explore whether Debt Consolidation is for you and what the process involves call us now on 0808 163 9579 to speak to an advisor or complete the form below.
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