When is the right time for debt consolidation?

We've all seen the adverts for debt consolidation loans, but when is the right time to consolidate all your debts into one payment? Can anybody do it? Debt consolidation loan advantages The advantages of a debt consolidation loan are clear. If you have lots of different debts in lots of different places, a debt consolidation loan pays them all off and leaves you with one monthly payment. That could make it easier to manage your money and you'll only deal with one lender from now on - simple! Another Read more [...]

The Benefits of Debt Consolidation

While credit is useful for making occasional and everyday purchases at little or no upfront cost, debt can easily spiral out of control. Credit cards, overdrafts, hire purchases, loans and store accounts are invariably subject to high interest rates, requiring people to pay more each month than they may be able to afford - this is where debt consolidation can prove a lifesaver. Debt consolidation is essentially a form of low or medium interest refinancing that is designed to make debts more affordable. Read more [...]