Bad Debt Consolidation Remortgages are now on the increase because of the recent UK interest rates rises in 2007. It was estimated that £15 million is being added to the Uk's personal debt total every hour !! What are the typical warning signs when you need to consolidate your debts & remortgage?
Lets say you owe £20,000 and have missed some payments causing CCJ's or arrears. You need to consolidate debt. You are unsure wether to go for a home owner loan or a remortgage. Is this you ?
cash advance, need a loan with bad credits, loans for people with bad credits,
A loan, 4 unsecured high street credit, charge & store cards Total Debt £6,000 on 2 cards against a limit of £8,000 & the 3rd is up to its 100% limit Costing you £500 in payments as you try to pay more than the minimum off monthly You are aware that the interest rates on your cards could be as high as 29% You are considering swapping to 0% interest for 6 months credit cards to avoid interest role up Apart form the stress of it all, in this instance for some people it may be simpler just to get a Bad Debt Consolidation Remortgage & consolidate your payments under one roof. However do not forget.....
Debts may well take longer to repay if you NOW extend the term on a Bad Debt Consolidation Remortgage.
You will need to increase your life protection cover to protect the new borrowing if you should die prematurely or get ill Do not forget if you borrow the money to actually repay your debts - not spend it all & get back into the same position as before ! You also may wish to tear up your Credit & Store Cards !!Thank you for reading this article. Need Broker help ? Click on the link below.
Need Money? Let Me Help You
Take advantage from the innovative CreditGraph lending technology today.
online payday loans direct lenders
Up To $ 1500 Quick Loan Online. No Hassle. Fast Instant Approval. 100% Approval In 1 Hour. No Telecheck. Get Quick Loan Now!
No comments:
Post a Comment