Do you have multiple credit card or store card debts? LOANS AND MORTGAGES could help you with your debt consolidation, and you could benefit from having just one regular repayment to manage.
What is a debt consolidation loan?
A debt consolidation loan is a personal loan that could help you consolidate your credit cards, existing loans and other debts into one simple loan.
How could a debt consolidation loan help?
A debt consolidation personal loan could make managing your finances a whole lot easier. You could avoid paying different amounts at different times of the month to different lenders.
LOANS AND MORTGAGES can show you how easy it is to help manage your budget with one loan to consolidate your debt and just one regular payment.
Benefits to consider:
What do you need to be careful of in a Debt Consolidation Loan?
Things to be careful of:
Even though the clients are going to be in a better position in most cases after the debt consolidation, the lender sees the loan as a higher risk because there were several debts associated with the client. This means that some of them will place restrictions on your loan features. A common condition is where you will need to supply a written request to the lender for redraw and that request will need to be approved. You will also need to pay a fee for the redraw.
How can I apply?