Debt Consolidation Secured Loans
Debt Consolidation Secured Loans
Why take out a debt consolidation secured loan?
You may have built up debt such as loans and credit cards and you are struggling to manage these and are feeling financially stretched. A debt consolidation secured loan could be an option to help you can gain control of your outgoings again and help you have a clear repayment plan in place.
When considering taking out a secured loan it is important that you are aware of all your options and you understand the pros and cons involved, so read on for more information.
What are the advantages of debt consolidating?
The main advantages of debt consolidation with a secured loan are:
- Reduced Monthly Payments - Many debts, such as credit cards, can have a high interest rate of 18%+, so by consolidating these debts at a lower rate your monthly payments will reduce which will provide you with more disposable income each month.
- Clear Repayment Plan - Although people take out credit cards as a short term debt they can easily become a long term debt which you may feel you are just simply not paying off. A secured loan will give you a clear repayment plan which you can work towards to clear the debt.
- One Payment - Juggling many debts is stressful and it is easy to miss a payment which results in bad credit and potentially a charge from the creditor, so by having one payment to make each month everything becomes a lot more manageable.
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THE ACTUAL RATE AVAILIABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONALISED ILLUSTRATION.
LOANS MAY BE SECURED ON YOUR HOME. YOU WILL HAVE TO PAY EARLY REDEMPTION CHARGES THIS WILL VARY. A VARIABLE RATE LOAN MAY GO UP OR DOWN IN LINE WITH THE BANK OF ENGLAND BASE RATE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
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.
WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEY ADVICE SERVICE.
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Debt Consolidation Secured Loans

Product Name: Loans
Product Description: Debt Consolidation Secured Loans
Kavita
Gary has been great from the start, very professional and friendly. this was my first commercial finance and he answered all of my questions no matter how small & explained everything very well, for me to understand the whole process. I would definitely recommend TMH & if needed use their services again.