Debt Consolidation

Debt Consolidation - the right option?

Consolidating all of your debts into one single loan or Debt Consolidation Loan, is the biggest reason to take out a loan in the UK. The loans can take many forms including personal loans, credit card transfer, and re-mortgaging.

Is Debt Consolidation the Answer for Me?

Topic: Debt Consolidation | Posted: 2 years 37 weeks
Running up debts from multiple lenders is a fact of life for many households; it is typical to have a couple of credit cards and an overdraft alongside a car loan and maybe another loan or two under credit agreements for the TV or kitchen makeover.

Is re-mortgaging better than taking out a personal loan?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

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Consolidation loans are not a cheap option

Topic: Debt Consolidation | Posted: 3 years 19 weeks
Interest rates on loans are at their highest rates for nearly seven years with those who are looking to borrow struggling to find interest rates of less than 7.6% on a £5,000 loan over 3 years. For those with an below average credit rating the news will be even worse with interest rates being well over 10%.

How can I remortgage to release some equity to pay off credit card debt ?
Submitted on: 26th May 2010 by Non-Member | Total Answers: 1

I owe £30,000 in credit card debt and bank overdrafts inherited from my ex husband, and a £25,000 loan. I have a house with at least £200,000 equity in it. I want to get a mortage product which will allow me to change the existing £80,000 mortgage from interest only to repayment, and also to cover the loan. The credit cards will settle for £10,000 if I pay off the balances.

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I have bikes that were put on credit cards, if i consolidated those cards would i lose them
Submitted on: 12th Jan 2009 by Non-Member | Total Answers: 1

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My husband had 10,000 debt that is over 10 years old is he still responsible?
Submitted on: 3rd Mar 2010 by Non-Member | Total Answers: 0

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My dad recently died and left debt with a consolidation comp will I loose his pension money?
Submitted on: 30th Aug 2010 by Non-Member | Total Answers: 0

My father recently passed away and left debt with a consolidation company. He has intrusted his pension to me if he died, will I lose his pension money to the consolidation company ?

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My house has a 2 charges on the property
Submitted on: 12th Oct 2010 by Non-Member | Total Answers: 1

Can you help, I have a large joint debt that began in 2003 with my now ex husband - I have a charge on my home for the debt and have been paying £300 per month for almost 2 years - but my ex has paid little to nothing and now has gone bankrupt and the debt has become all mine - it started at £35k and is now in excess of £50k with interest being added at 6% which was set by the court.

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Is there really no way to get a loan with bad credit?Can no one do a means tested assesment?
Submitted on: 18th May 2010 by Non-Member | Total Answers: 1

I have been struggling to get out of debt for sometime due to never having contingency money on top of my current expenses.

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what are the applicable fees charged?
Submitted on: 5th Apr 2011 by Non-Member | Total Answers: 0

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Can I transfer loan that mother in law got for me into my name and clear my debts

Submitted on: 6th Feb 2012 by Non-Member | Total Answers: 0

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