When You Need Debt Consolidation Think About Remortgages Or Secured Loans.

When a someone is attempting to manage with too much debt everything becomes rather

confusing and there is also a requirement to have a good memory.

One credit card is often very handy but when a number of credit cards builds up life becomes a constant struggle.

Then passing a furniture shop window you see a must have leather suite in the best quality expensive Italian leather costing 7,000 and you buy it on hire purchase at 15% APR. at a cost of about 300 per month.

Perhaps the 300 monthly is an OK figure but there are all the other credit card and loan payments to be made that seem to have slipped your little mind.

You spent your usual Friday evening at your best friends house where you always have a nice time laughing and talking to the friends you have known since you were a child and with whom you discuss just about everything over a bowl of pasta and a bottle of Italian wine. In the course of one such pleasant evening, one of ypur friends is very animated as she tells the others about the tour of capital cities she recently enjoyed. She is one of the lucky ones whose partner happens to be very well heeled and is in fact a slightly older man who can offer her all the best things in life and who can afford the cost of a stay in the best hotels in Paris and The Carlton Hotel in Cannes which is a frequent haunt of the top stars who attend the famous Cannes film festival every year, and although you are not nearly as well of as your friend you feel that you too must go on the same holiday.

The next thing that happens is that you take out a bank loan for the cruise.

You now find yourself in the unfortunate position of having more debts than you can manage or even afford to pay and this makes the time ripe to consider debt consolidation

Debt consolidation is the rolling of all different debts into the one payment each month, making debt more manageable while at the same time saving money.

For those who own their homes and do not simply rent it the ideal metod of debt consolidation is by either a secured homeowner loan or a remortgage, and with remortgage rates starting at 9% APR and remortgages from 1.84%

by: Melissa Norton

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