subject: Facts About Debt Consolidation Loans, Remortgages And Secured Loans [print this page] It is far from uncommon these days for people to struggle with too much debt and when this problem arises life becomes nothing except one hard struggle.
In the past, the sight of the friendly face of the post man used to make you happy as he came up your path happily whistling at 7.30 am each morning but it is very different now.
In the past, you enjoyed his happy singing and as he was such a nice friendly person you often went to your door to talk to him, and he had become like a friend. If he had time he even came in for a cup of tea or even some breakfast.
Your feelings are totally different about him now as just looking at him almost makes you sick, and sometimes you worry as you wonder if he realizes the contents of many of the letters that he now brings you almost daily.
What is in the letters is of course reminders and demands for payment from creditors to whom you owe money.These payments are late and you are filled with anxiety.
When you arranged the hire purchase for the expensive car, and the credit cards for your holidays to Italy the debt was not hard to pay but in the credit crunch you lost your job and your new job pays 18,000 per year less making the debt hard to manage
However there is a debt solution that will make the mail delivery man a welcome sight again, and this is by organizing debt consolidation
Debt consolidation is as it says on the box, and that is the combining of all debts into the one and replacing them with one much cheaper payment each month.
Debt consolidation loans are the only way for tenants to arrange debt consolidation.
For homeowners the position is different and they can take out a secured loan or a remortgage to do away with credit card debt, etc. and with remortgages from 1.84% and secured loans from about 9% the saving is great compared to the credit cards at from 20% to as high as 40%
