You have just spent yet another of many sleepless nights lying in bed restlessly tossing and turning very concerned about money.
You think about the fact that you never have any cash left at the end of every month, before you are paid ,and you come to the conclusion that you are paying out too much every month on such matters as credit cards, hire purchase, loans, etc. All the good things that you like and appreciate have simply come at too a great cost, and especially at the cost of your peace of mind.
All the expensive goods, which you considered that you needed, are now not worth the price you have to pay and all the worries that you have to endure. Now all the personal loans, credit cards, etc. are now completely out of control, and are you are finding them impossible to handle.
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.
It is possible that you simply over looked all the other credit cards with total balances of 40,000, making the minimum payment 1,500 each month.
Even the sparkling new convertible Mercedes no longer appears as attractive as it used to when you think that you are paying more than 700 each month over five years in a lease purchase, and then there is the matter of the last high payment at the end of the five years.
For those who own their property, there is an easy method of rearranging debt to save money and make financial matters easier to manage.
This method is not some sort of magic potion, but it is a nice little expression called debt consolidation, and entails using a debt consolidation loan to lump all debt into the one payment monthly in the place of many difernt payments . Debt consolidation grants one much cheaper repayment.
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.
categories: debt advice,debt consolidation,debt help,debt solutions,remortgage,remortgages