Apply For A Debt Consolidation Loan To See You Through These Unsettled Times.
Probably the best way to descibe the human condition at this time of the economic credit crunch is as “unsettled”. There are so many different stories of low interest rates for mortgages and remortgages which are just as quickly followed by announcements by some of the major building societies that they ar increasing their interest rates toheir mortgage borrowers. The surge in house prices in the past year seems always to be followed by a property price fall. One thing that can enable you to feel more settled and even content at present would be the knowledge that you are absolutely making the best use of all the money you have available to spend at this point in time. The way to do this is by arranging a debt consoliation loan. Take time to sit down and work out the total of all the outstanding balances on your credit cards, etc. If you have credit cards with balances totaling forty thousand pounds your minimum monthly payment is one thousand two hundred pounds, and this minimum repayment will not take a fraction of the cost off your balance. Those who have studied this confirm that by making only the minimum repayment every month it will be twenty six years before the balances are totally paid off. If you are a homeowner, and have equity in your property you can arrange a debt consolidation loan of forty thousand pounds which at an interest rate of 8% will cost you under five hundred pounds a month over ten years, after which you will owe nothing.This is an amazing saving, and in these uncertain times, you can be certain that you are making the most of your finances.
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- Liz Moir
- Champion Finance
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