“If I’m already in debt – why would I want to take out a debt consolidation loan to get out of debt?”.
Because you could be not only debt free a lot quicker but also save money while getting there…
Sound too good to be true?
It’s really not…
The first step to getting on the financial straight and narrow – as with effectively arranging and planning most things in life – is to take stock. Assess. Work out exactly where you are with your borrowing as it stands.
Not sure of repayment amounts? Debt outstanding? When the borrowing is set to be fully repaid? Interest rates?
Be precise – find out.
Contact each company that you have lending with, any utilities you have bills outstanding for – essentially any entity or individual you owe money to and make a list detailing…
How much you owe in total:
What your scheduled repayments are:
What the rate of interest you’re paying is:
How many payments remain:
This information now allows you to work out a firm plan…
Are certain debts being paid at a higher interest rate?
It would make more sense to try and get these paid off more quickly if at all possible; these are the ones that are costing you the most money.
Would the lender accept lump sum repayments, overpayments or early settlement with a percentage of the amount outstanding written off?
It’s worth finding out.
If you don’t have the means to make additional payments or your lender isn’t prepared to be flexible and you find yourself making several payments at varying interest rates, it’s probably in your best interests to look into a debt consolidation loan.
Now that you’ve worked out your repayments; differing amounts being paid over varying terms at different rates, it can seem overwhelming.
For a start; there’s a lot of information to process – and keep track of. Even with the best of intentions, the most organised of people can sometimes get a little mixed up when confronted with too much to monitor.
This is where debt consolidation loans come into their own…
Affordable. Manageable. Simple.
appleloans offer the U.K’s best debt consolidation loan services, combining a straightforward and easy application process with outstanding customer service.
We pledge to make all communication simple, jargon-free and pleasant with our U.K based team providing step-by-step help in applying for your lending.
In addition, we offer bespoke rates, this means that you receive the rate you deserve and we take individual situations into consideration; bad credit history needn’t mean a bleak credit future, we understand that circumstances change and are a lot more interested in your ability and commitment to repaying your loan than what’s gone on in your past.
You can contact us directly by phone or by applying for a quote here and see if we can make your dreams a reality.