Click here for a free consultation - make foreign exchange work for you

Free delivery on office supplies everything from stationery to office furniture

Free ink cartridge click here new customers can order an ink cartridge for £0

Get Your Website On The First Page Of Google On A Budget FREE website health check and white paper on SEO in a recession


Loan Consolidation Guide

Should you take out a consolidation loan?

Borrowing more money can be a good idea, but rarely a good option in and of itself. It often saddles the borrower with even greater debts, incurred when paying off previous loans.

There may be an argument in favour of some consolidation options, for example using a 0% credit card in cases where you can transfer debts without penalty.

And increasing a mortgage may be a way out for some people who feel they need a simplified long-term repayment approach. But it will almost certainly come at the cost of more interest payments.

For most debt problems, a sensible debt repayment plan, agreed with your creditors, is likely to offer a better long-term solution.

Where to go for more help

There several organisations offering free advice on how to deal with debts. Here are some of them:

Insolvency Helpline – call 0800 074 6918, or go here: www.insolvencyhelpline.co.uk/

National Debtline – call 0808 908 4000, or go here: www.nationaldebtline.co.uk

Consumer Credit Counselling Service – call 0800 138 1111 or go here: www.cccs.co.uk


More pages

Page 1: Introduction
Page 2: Should you take out a consolidation loan?

Get Your Website On The First Page Of Google On A Budget FREE website health check and white paper on SEO in a recession

Free delivery on office supplies everything from stationery to office furniture

Free ink cartridge click here new customers can order an ink cartridge for £0

Document sharing - share, edit and save documents Secure document collaboration made easy!

Click here for a free consultation - make foreign exchange work for you


Browse our articles written by leading industry experts:

Overseas Property Buying Guides

UK Property Guides

Gardens and Interiors

Cosmetic Surgery Fact Sheets

Looking Good Guides

Money

Business

Community

Travel