Debt consolidation service / Credit card debt help

Credit card bills, hire purchase balances, store card bills, mail order debts - every month, lenders from all over the UK are making millions of pounds by charging high rates of interest on loan balances, knowing that the vast majority of people can only afford to part with the minimum payment.

Many people find themselves juggling credit card balances to meet the payments, struggling to make monthly repayments and keep their heads above water. If you need credit card debt help the natural reaction is to contact a company offering a debt consolidation service and apply for a debt consolidation loan.

What could be easier than borrowing yet another, larger lump sum to pay off all the bills and get the creditors off your back, while paying off lower monthly amounts than the existing grand total?

A debt consolidation loan is very effective if you can easily afford the repayments and are just looking for a way to simplify things and bring down the interest rates. But if you struggle to make your repayments each month or your outgoings your monthly income, a consolidation debt is not the best solution. In such circumstances a debt consolidation loan will not actually lift you from the cycle of debt and it may be more appropriate to look into a debt management plan, which will consolidate all your repayments into one monthly payment without requiring you to take out another loan.

The advantages of our debt management plan are threefold: we can reduce your monthly repayments to leave you with more free cash each month. We will take away the need to deal with creditors, and most importantly, we can stop them taking legal action against you and blemishing your credit record.

Each of our clients is means tested so that vital living expenses, such as mortgage, food and phone bills are removed from their income to help us establish an affordable monthly fee. We then receive that amount and divide amongst their creditors, taking all the stress out of the monthly accounts. In almost every case, we are able to reduce the total monthly expenditure by up to 75% by explaining to the creditors that we are working on your behalf. We will endeavour to get the lending companies to lower or even freeze their interest rates while we work to pay off your debts.
We deal with debts ranging from £3,000 to £250,000, we are licensed debt adjusters and are registered by the Office of Fair Trading. If you are unsure whether a consolidation loan or a debt management plan would be a more effective way of addressing your debt problem, click here and fill in the form and we will help you make the right decision.

Whatever debt problems you have, we can help. Click here