Using an individual voluntary arrangement or debt management plan could be the best way to resolve your personal debt problem but be aware of how your credit rating will be affected.
Your credit rating is the way that banks measure whether or not they should lend to you.
Each time you apply for credit, the bank will [...]
A debt management plan can be a very effective way of dealing with a personal debt problem. However, beware that the debt repayment period will be significantly increased and your debts could therefore remain payable for many years.
One of the key steps to resolving a debt problem is to reduce the payments you make to [...]
If your existing mortgage terms are coming to an end, or even if you are simply thinking of switching, a debt consolidation remortgage could be a way of both getting a new mortgage deal and tackling your debts.
By withdrawing some of the equity in your home, you can use your mortgage to free up cash [...]
At a time like this, it may seem strange to think of remortgaging: house prices are falling, banks seem very wary of giving out mortgages, and everyones talking about the recession.
So why would anyone remortgage in todays market? Basically, some people remortgage because they want to and others remortgage because they have to.
Remortgaging [...]
The remortgage process can be both very rewarding and very confusing. The rewards come in the form of cashed in equity and financial freedom. The confusion starts at the beginning of the process and can sometimes remain for weeks after the deal has been made.
To lessen the confusion and increase the rewards, you should be [...]