Debt Consolidation Process
Debt consolidation literally starts with you making a decision that it is time to get a plan to get rid of your debt. After you make that decision fill out our online debt consolidation enquiry. Once you filled out our online debt consolidation enquiry we will contact you. After we have discussed your best options there are usually 4 routes to take –
1. *Through a secured loan
2. **Remortgage
3. *Unsecured loan
4. *Individual Voluntary Arrangement
Lets discuss the debt consolidation process by using a secure loan option. The secure loan option could occur because you decide that you want the lowest possible interest, the most comfortable repayment option and/or the longest repayment time. There are two options that are presented to you through this debt consolidation path. The first is to take a loan that would use your house as collateral – second charge. The second option being to remortage, this option could be very beneficial especially if you have a mortgage with a very high interest. Not only would you consolidate your loans but you could also save money every month while paying for your home. The debt consolidation process is simple you fill out our debt consolidation enquiry; we contact you and schedule a **free initial consultation. If you decide to proceed we bring the paperwork to your home. We take care of the rest and within weeks you will be saving money.
Where the best option for your debt consolidation is by an unsecured loan, our debt consolidation specialist will advise you as such, but we are unable to assist you with the unsecured loan at this time.
Where the most suitable option for you is an Individual Voluntary Arrangement, our debt consolidation specialist will refer you to a creditable IVA company, who can arrange this for you
*Secured Loans, Unsecured Loans and Individual Voluntary Arrangements are not regulated by the Financial Services Authority. Entering into an IVA agreement may impair your ability to obtain credit during the period of the agreement.
**Initial Consultation Free – For mortgage related advice, where you decide to proceed with our recommendations the fee will typically be 1.79% of the loan advance applied for.
Debt Consolidation Process:
Fill out our Debt Consolidation enquiry form.
We will contact you.
We will set up an appointment to discuss your options to consolidate your loans
Within weeks of starting the debt consolidation process you could be saving money.
