Debt Consolidation
What is Debt Consolidation?
Debt consolidation is when a consumer takes out a loan or another credit agreement in order to pay off two or more existing debts - essentially replacing multiple debts with one, maybe more easily managed, monthly payment.
Debt Consolidation Advice
A debt consolidation loan can be the answer, however we recognise that this may not be the best route for everyone, which is why we recommend that you talk with a qualified remortgage expert. The considerations can be complex and confusing and include issues such as impact of increasing the debt period, securing previously unsecured debt and whether or not it might be better to negotiate an arrangement with existing creditors.
Don't take any chances - complete our enquiry form and one of our qualified associates will contact you.
Think carefully before taking out a debt consolidation loan and securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Champion Financial Services is a trading style of Rafik Allana of 16b Second Avenue, Hendon, London. NW4 2RN.
Champion Financial Services is an Appointed Representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Services Authority in respect of mortgage and insurance mediation activities only. Mortgage Next Network Limited is entered on the FSA register (http://www.fsa.gov.uk) under reference 300866.
We do not charge a fee for any initial quotation. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be 1.5% of the loan amount, this fee will be payable on completion.
The overall cost comparison is 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.