subject: Arranging Debt Consolidation With A Remortgage Or A Secured Loan [print this page] You have just spent yet another of many sleepless nights lying in bed restlessly tossing and turning very concerned about money.
Having been awake for many hours, you come to the conclusion that you have far too many credit cards and personal loans that you used to purchase things that you simply could not resist, and now you have deep regrets about it , as all these luxuries that you bought are not worth all those nights without sleep.
You have a number of personal loans and credit cards, etc. that are scattered all over the ship with numerous credit providers. This makes all the credit awkward to manage.
The credit card that you took out to go with your loved one on an African safari for your twentieth wedding anniversary, eating the best of food and staying in five star hotels has a limit of 7,000 and the outstanding balance is almost the limit . It costs you over 200 monthly, and that is only the minimum that you must pay, and the balance hardly decreases.
The figure of 300 may well have been all right at the time on it own, but when this card is totalled up to all the others it seems different some how.When this card at 10,000 is added to the other four cards which add up to yet another 50,000 and for which you must make a minimum repayment of 1,500 and when added to the 300 pound payment, the amount to be paid every month is frightening.
In the past it gave you pleasure to look out of your house window to admire the beautiful car in your drive way, but it no longer seems so attractive to you now when you take in the fact that the car costs you more than 760 every month in a car loan.
For homeowners there is a good method of ending money worries, while making money management easier as well as cutting down on the financial out lay every month
This method is to arrange debt consolidation which combines all loans, credit cards, etc.into the one single simple payment each month at a much cheaper rate of interest.
Remortgages and secured loans can easily be used as debt consolidation loans that pay off all other debts.
Rates for secured loans start at about 9% and from 1.84% for tracker remortgages,and as such the excellent savings to be gained from debt consolidation goes without saying.
