Debt consolidation loans

Many people prefer to make a one off payment each month and decide to do so by taking out a single loan that pays off all the individual monthly amounts outstanding. These often include outstanding payments on store cards as well as credit cards. Many companies do offer a valuable service which can offer a solution to people who prefer an one off payment each month and the knowledge that they are on top of their monthly finances.

Debt consolidation is also considered by people who are having difficulties in keeping track of payments and also for those who are deeply in debt and unable to keep up with their debts.

Some companies offer a service that helps borrowers manage their repayments by devising a debt management plan. A DMP, which is not a legal process, may include a plan of negotiations with current lenders which could include the suspension of interest payments. One step on is the Individual Voluntary Arrangement which is a legally binding agreement. It is supervised by a licensed insolvency practitioner and means that you may need to pay a certain percentage in the pound of any outstanding debt or a fixed regular payment over a set period of time after which the balance of the debt is written off.

Consumer Credit Counseling Service [CCCS]

The leading debt counseling charity CCCS provides free and confidential advice on debt issues.

www.cccs.org.uk [0800 1381111]

For Other Unsecured Loan Providers - Click their logo below to go straight to their website

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Best UK Loans is a trading name of Grovelawn Limited, who are directly authorised and regulated by the Financial Services Authority.
Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY; FSA Registration Number: 314204