Ask for help with debts

12th of October, 2010 Bookmark and Share

It can be difficult to know where to turn when you are struggling to meet repayments on multiple debts at the same time. Plenty of people feel overwhelmed by creditor demands and fail to take appropriate action, leading to the debts spinning further out of control.

However, the good news is that there are lots of ways to bring your financial situation under control. For example, you may want to consider creating a single place in which all your debts are drawn together with a debt consolidation loan. By taking this approach, you will only need to make one repayment per month.

So what are the advantages of a debt consolidation loan?

For starters, you may find that your overall monthly outgoings are reduced when you no longer have to make separate payments to different creditors. What's more, there is the added convenience of only having to make one repayment each month. And finally, the interest accumulated on your debt may be significantly lowered.

There are two main types of debt consolidation loan – secured and unsecured. With secured loans, the debt is secured against an asset such as your home; it is vital to keep up with repayments or the property may be repossessed. With unsecured loans, no assets are involved but the interest rates are typically a lot higher.

To find out more about debt consolidation loans, get in touch with one of the specialist advisors at You can either give them a call on 0800 048 3674 or request a call back by completing the short enquiry form on the website.


Rachel Hand is a trading name of Ask Finance Ltd, a wholly owned company of the Harrington Brooks Group Ltd. is licensed under the 1974 consumer credit act, ensuring that our advice is ethical and professional. We are covered by the data protection act which protects client confidentiality.