Debt Management
These days it's not hard to find yourself in a situation where your debt is mounting with loans, store cards and credit cards spiraling out of control.
In this situation you might want to talk to us about your debt management and let us help find you a way out of your problems.
The process often involves debt consolidation where we bring all of your existing debts into one new piece of debt, normally a new mortgage, in order to reduce the amount you have to pay each month and make it easier to manage.
For example: £75,000 mortgage costing £650 per month, £15,000 personal loan costing £350 per month, Credit card balance of £5,000 costing £250 per month, and store cards balance of £2,000 costing £150 per month. Total debt £97,000 and £1,400 per month.
We might be able to consolidate the debts into a new mortgage for £97,000 costing £850 per month which replaces all the above debts.
These are hypothetical figures to explain how debt consolidation works, and you should be aware that restructuring the debts over a longer term can result in an increase in the total overall cost. Debt consolidation may also involve switching unsecured borrowing to secured borrowing which could put your home at risk if you fail to make repayments. However debt consolidation may well prevent you from getting into a serious financial crisis which could end up costing you your home.
Why not contact us right now and take the first step towards getting yourself back on track.
Areas covered include: Wetherby, Tadcaster, Boston Spa, Collingham, Kirk Deighton, Leeds, Harrogate, York...
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